Plastic2Oil Inc (PTOI)

[dreaminbig]

So processor #1 is a giant tinker toy and not producing. Pre-melt was needed due to metals mixed with plastic. The much ballyhooed 30 ton processor that was nearly ready over a year ago - doesn't exist. A 'shed' needed to be built to build additional processors so they wouldn't blow up the tinker toy.

I agree that when they got the consent order - at least one unit should have been dedicated to cash flow and customer samples while they tinkered with additional units.

Then again - that would have been a business plan. But as we all know now - there isn't one.

I'll accept that unit 1 was down while they tinkered with the pre-melt upgrades. But keep in mind that the pre-melt idea is fairly recent. Unit 1 should have been raking in the cash back in Dec 2009 when they got their consent order and certainly by Q1-2010 when they got their full permits.