Plastic2Oil Inc (PTOI)

[dreaminbig]

REVENUE & TANKERS ON BNN - THE PITCH!!!

David: Well John has a bit of a “too good to be true” smile on his face which makes it hard to make a decision. But if what he says pans out, to your point (pointing at Vince) with the patents and what not, this is the kind of project that is on the mark and the financial markets will reward him and he’s already taken that first step to go to the over-the-counter market. So I think that mix of debt and some extra angel investors - this is something that I think has a lot of potential.

Host: Vince, you see a lot of technology pitches. What do you look for?

Vince: With technology it’s tough because technology pitches often are earlier stage so it’s – we like to see traction. We like to see actual revenues as opposed to – good ideas aren’t just great ideas until they start generating revenue and, even more importantly, profit and EBITA.

Host: John, when would you hope to start posting sales?

JB: Now. This week.

Host: Actual revenue?

JB: We’re filling tankers at the site now.

Host: What about serious cash flow?

JB: Serious cash flow – you’re looking at a quarter out, really. So you’re looking at Q2.

Host: So guys, I think Ellis it was qualified interest, Vince the same for you, and David the same for you?

David: Yeah, because I think he’s got a good opportunity mix that lends itself to all kinds of different investors, including his capital equipment ask, which is part of his five million. So I think he’s on the right track and I’d be interested in that.

This aired in April 2011

http://watch.bnn.ca/#clip457091