Plastic2Oil Inc (PTOI)

[Artiztic1]

If you read the whole paragraph in section 8, titled Approve design Capacity you'll see:


"Written approval and modification of this permit is required before waste receipts may exceed the permitted (quarterly and annual ) tonnage limits"

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7993976

So that would make me right or them wrong.

This has nothing to do with shorting - just keeping it real.





You MAY be right, but you also MAY be wrong.

If you read that paragraph carefully, it is not so clear as you suggest. It clearly states that numbers for the approved capacity is NOT a limit, suggesting the approved capacity is based on the plans and that those plans have to be amended before taking more waste per day.

Note how it mentions "written approval" and then mentions modifying the permit. This reference to modifying the permit may well mean nothing more than physically changing the numbers in this paragraph after one person reviews the amendments and drafts a letter agreeing the amendments are sufficient.

If anyone is shorting or waiting to get in because they think they are going to get a heads-up the process is moving forward via the NYDEC website, they may be in for a surprise. Worth noting I see nothing in your link about "application". Worth noting, the evidence from JBI suggests an application may not be needed as it appears they filed the amendments with the annual report to NYDEC and, in turn, not with some formal "application"