Plastic2Oil Inc (PTOI)

[Artiztic1]

No more excuses.

Do we have information as to when revenue is actually booked on the income statement?

Hopefully, JBI isn't giving the new fortune 100 company and others a year and a half to pay, you know sort of like the deal he brokered for the sale of Pack-it.

http://www.sec.gov/Archives/edgar/data/1381105/000121390012000784/0001213900-12-000784-index.htm

What if the fuel is produced in March, stored at build up to a certain point over say a week or two, then shipped in bulk

They don't have enough storage at the Niagara Falls plant to store weeks of fuel with 2 processors running at 2,000 lbs. per hour each, they have barely enough on site storage for one day.

Two proccessors running one ton per hour each = 48 tons of plastic processed per day.

One ton of plastic is processed into approximately 220 gallons of fuel (page 6 of the 10K) at 3.87 litres per gallon this would equal:

220 gallons per hour X 3.87 litres per gallon X 24 hours a day X 2 processors = 40,867 litres of storage needed to run both processors at one ton per hour each.


Currently they have limited on site storage.

20,000 Litres No.6
25,000 Litres Fuel No.2
10,000 litres storage for Naptha.

This is barely enough on site storage for 1 day, never mind a week or weeks.

Looks like you need more sightings of daily tankers leaving or somebody's not being honest.



http://www.sec.gov/Archives/edgar/data/1381105/000121390012001206/f10k2011_jbi.htm

http://sec.gov/Archives/edgar/data/1381105/000121390012000911/f8k022712ex99i_jbi.htm




Why would they need to store fuel anyway?

According to JB sales are no longer an issue they can now "focus solely on the manufacturing" and this quote was before the 500k litre order.


"the beauty of the agreement with RockTenn, in combination with the fuel supply agreements with Indigo Energy and XTR Energy, is that we will be free to focus solely on the manufacturing of additional P2O processors as we move into 2012,”


http://www.plastic2oil.com/site/news-releases-master/2011/12/29/jbi-inc-ceo-bordynuik-recaps-2011-progress-and-key-milestones

Second, are we sure processor 3 installation will not interfere with processors 1 and 2 in March. I know this is probably not the case in March, but it will be in later months - right?

The new building that was built for the manufacturing of the P20 processors was completed early 2012 and completed prior to the conference call that took place on February 27th, all according to JB. He also stated in the CC due to the building being complete it will help them meet their short term and long term goals


"in the short term we can now construct the rest of processor three with minimum down time for processor one and two"

http://www.plastic2oil.com/site/events/1515/



According to the 10K that was just reported they expect the processors to be down 25% of the time for maintainence etc.

Uptime: Uptime is the amount of time that a Plastic2Oil processor is fed plastic continuously and is producing fuel. Based on the operational data of the second processor, we anticipate uptime of the second processor and additional processors to be about 75%.

http://www.sec.gov/Archives/edgar/data/1381105/000121390012001206/f10k2011_jbi.htm


That's close to being down a total of 1 week per month, which sounds like plenty of time to slap his "modular, highly replicable and easily deployable processor" together without shutting down one and two.

The time for excuses is over.