Plastic2Oil Inc (PTOI)

[Toxic Avenger]

JBI was going broke, hence the need for the PIPE. And yes, they'll need more PIPEs this year, IMHO.

The PIPE shares will be above $1 in 6 months? Could be, but I didn't say that. What I said was, putting some money in now to support the PPS and keep the company from needing to file BK to protect a much larger position is a smart move. How much longer those with large positions will continue to do so is anybody's guess.

My guess is, nowhere near long enough for the company to become cash flow positive.

Either way, the long term prospects for JBI remain quite grim, IMHO.