Plastic2Oil Inc (PTOI)

[the big guy]

I listened to the conf call.

Way too technical for me at this stage of the game. JB is not a particularly good speaker, but he is a pretty good salesman. My impressions:
- they are not focussed on production or cash flow. They seem to be focussed on perfection, which is not a trait for success.
- their cash needs are huge.
- they are making lots of promises wrt business opportunities, but I have heard that before with startups. Next thing you know, they are bankrupt.
- too much time spent on tweaking and modifying, not on production of something.
- #1 was down for more reasosn than the welding sparks, it was also for modifications.
- I still question the basic profitability of this business.