Plastic2Oil Inc (PTOI)

[Rhoben Hood]

Wow, sounds like a great company!!!

Yes, it does.

Except for the facts that JBI:

- Loses over $1MILLION/month.

Costs are decreasing according to the last quarterly filing I just read.

- Is getting sued by the SEC for SECURITIES FRAUD and ACCOUNTING FRAUD.

Which apparently seems to be in settlement, due to the terms of the financing and there being no motions or discovery taking place according to people that check the public documentation available through the US PACER program.

- Relies on selling TENS OF MILLIONS of discounted shares to keep their lights on, diluting the crap outta all their investors.

Diluting? The former CEO returned 30+ million of his personal shares to the company & the O/S is under 100MM. No R/M's, no major dilution.

- Hasn't provided any a single shred of evidence that they can do any type of profitable business.

This one's my favorite: you must be referring to the SAIC audit that just took place. Here's a summary:

SAIC was present at the Company’s Plastic2Oil facility in Niagara Falls, NY over a 3-day period, April 25-27, 2012. The role of SAIC was to review the principal aspects of the Company’s P2O process, including the basic engineering design, results from testing and operations at the Niagara Falls facility, and the commercial P2O processor, which is poised for roll-out at the first RockTenn site.

During the 3-day audit, the P2O processor ran in continuous mode, with 121,318 pounds of throughput, producing 10,287 gallons of No. 6 Fuel and 4,269 gallons of Naphtha.

“This independent review is by far the most comprehensive that we’ve undergone to date,” stated John Bordynuik, founder of the Company. “Furthermore, this is the first time we’ve received a pro-forma financial analysis from an independent third party, and we are extremely pleased with the positive conclusions.”

- Has a long list of publicly documented lies, for which the SEC or DOJ could initiated new fraud charges at any time in the future.

No lies & no new charges. That simple.

Aside from that, JBI is an awesome CAVEAT EMTPOR, money-losing pinky PUMP-and-DUMP POS.

What does Caveat Emtpor mean?

Cheers!

JBII

RH