Plastic2Oil Inc (PTOI)

[Artiztic1]

There is no way they can be profitable at all if they are paying 40 cents per pound for plastic that's delivered, sorted and shredded into the right types and quantities needed.

120 TPD of plastic at 40 cents per pound, would cost $96,000 per day for plastic alone.

120 TPD = 654 Barrels of fuel at 109.80 per barrel equals $71,809 in gross earnings. Leaving a loss per day of roughly 25K, while not even figuring into all their other costs involved, labor etc.

In this example, they can only break even at a cost 30 cents per pound, with no other costs. However, we know that there are plenty of other costs involved by looking at all previous 10q's and filings.

Either way will be profitable