Plastic2Oil Inc (PTOI)

[loanranger]

GREAT CATCH!!!
The 75 tons a day isn't a limit...it's the "design capacity". The limits are set quarterly to average 65 tons a day for 90 days and annually to average 54 tons a day for 360 days. For the purpose of this exercise, let's PRETEND that they matter.

At 54 tons a day both of the processors that are purportedly operational could process 3,000lbs/hr each for the promised uptime each and every day of the year.

I guess they are doing that now or we wouldn't need to worry about that Solid Waste Permit. Or are they?

Help me with the math...I think the component values are at least close:
3000lbs x 18hrs x 2 processors = 108,000lbs
108,000lbs/8lbs/42gals = ~320bbls.
320bbls x $110 = $35,200 in sales dollars of production daily.

Is that the current production rate?
Does that mean that we can expect revenues for Q2 to be more than $3,168,000?

If not, the current Solid Waste Permit limit is perfectly adequate and your GREAT CATCH won't mean much.