Plastic2Oil Inc (PTOI)

[scion]

"Media Credits = Advertising. SO their value is whatever the company doesn't have to spend on that advertising. It's your basic Accounting 101."

More DD!!!
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2. Bordynuik has a very profitable private company, John Bordynuik Inc. (JBI) that reads the 'unreadable', i.e. the over 50 million computer tapes from the early computer era (60's-80's). There is a wealth of information on those tapes, and he developed his own tape drives to read these degraded tapes.
He has an exclusive contract with NASA and gets paid $22 per tape to recover the data. They are ‘sole sourced’ by NASA and MIT because no one else can read these tapes with 100% accuracy. They are currently processing about 700 tapes a day, but will be processing many more due to 70 new tape drives coming online.
News Links:
August 28, 2009 ----- Establishes International Presence with purchase of Javaco Inc. Purchases Media Credits
August 14, 2009 ----- Shareholder Update
August 10, 2009 ----- Company to Acquire Chemical Company
July 28, 2009 ----- Cambridge Facility to Open. Net Revenues per shift: $11,800
July 15, 2009 ----- JBI Updates Shareholders/Investors
July 9, 2009 ----- Patent Application Filed
July 8, 2009 ----- JBI Celebrates Newest Generation of Tape Reading Technology
June 30, 2009 ----- Private Placement at 3x Share Price, New office near MIT
June 26, 2009: ----- Company reads millions of Legacy Computer Backup Tapes at $22 per tape
June 25, 2009 ----- Definitive asset purchase agreement
June 16, 2009 ----- JBI Returns 10M Shares to Treasury
June 16, 2009 ----- JBI Inc. Commences Operations With Plastic2Oil Processor