Plastic2Oil Inc (PTOI)

[azs]

Only your first paragraph is accurate. In fact it is 100% dead on. The rest not so much.

The stock is all that matters to investors because the stock represents our share of the company. The stock is currently the easiest and best way for JBI to finance R & D, capital outlays, and on-going operations. Once the processor(s) are able to run near capacity (soon) JBI will have more than enough cash.

JBI has locked up supply (RKT, Chrysler, etc.) and distribution contracts (Indigo, Coco, etc.). They are well on their way to vertical integration. Based on processor price (700K now?) and the new PIPE (2.8MM) the on-going fulfillment of the NF contract should happen (partially happened already?) soon. The RKT deal should begin the quarter following.

JB is unlikely to be “ousted” due to this SEC action. By the time (12-18 months?) this goes to court or get settled the possible fine will be easily managed. Even if the result is that he is not allowed to be the CEO or on the board he would still maintain complete control of the company through his majority voting stock position. His key operational role was on the technology side which is now mostly done. If a new CEO is required it will be his hand-picked guy. Some argue that at this point a new CEO to execute the roll-out may be an improvement.

The process has been validated by over a dozen very qualified organizations. The very skeptical NYDEC is quite happy with JBI. They even performed an unscheduled spot inspection which met with 100% success. RKT and Indigo have confidence in the processes. Their expert opinions are good enough for me.