Plastic2Oil Inc (PTOI)

[the big guy]

This should scare investors.

"The XTR Energy agreement will require the Company to purchase third party fuels to blend with its P2O fuel output until it can build out the capacity to meet the full quantities required by the customer."

So without doing any research this confirms that the fuel being sold cannot be verified as coming from the P2O process. SO investors havve no idea whether or not Mr Bordynuik's claims about profitability are true or not. There is no mention in the PR about profit margins... etc. Anybody can blend and sell fuel. Sounds like this whole company is simply a vehicle to repaint the blending plant and get it back into service. All in the family business.

This statement confirms it:

"It's a huge step forward in achieving our vision of becoming a vertically integrated plastic recycling, fuel processing and fuel distribution company."

That is not the vision that I read when I first started posting here and seems to be evolving all the time.

Do investors have any idea how much competition there is in the fuel distribution and processing business? How do they know that jBI can be profitable?

I have known many arrogant managers in my time. They won't admit that they are in over their heads until it is too late. They keep on making promises until the bitter end. Lots of company-issued financial statements read like that too unfortunately...

I think it would be a good idea to sell on this upswing... which is purely news-generated.

For those underwater... remember what was promised to you 1 year ago? 2 years ago??