Plastic2Oil Inc (PTOI)

[uksausage]

kezek please explain why they cannot go profitable in a decade?

you keep harking on about the cash spent over the last 2 years - you do know they bought the property the are running on don't you (and that can now be put as collateral on normal non PIPE financing). That was a lot of it.
R&D has very strict account definitions so this probably is the laboratory work not the cost of constructing and adding to and perfecting #1 processor which we know was able to run 100% by December.

With #2 and #3 probably online this quarter (cost already about $2m) and the fabrication building working - meaning the current building is only used for production of fuel generating a conservative $10m a year profit form the 3 processor "stack".

Very easy for them to generate a lot of money this year. As soon as Rock Tenn #1 is ready that will generate similar profits.

I recall a company that did no revenue for its first 2 years spent a fortune ($200m plus) in infrastructure and then in one day did 20 m transactions for over $50m.

JBII is about to turn on the revenue spigot and the banks better be ready to hold the cash.