Plastic2Oil Inc (PTOI)

[Imperial Whazoo]

Yeah, I just finished reading it carefully and I, for one, am very happy I made a decision to add shares this week. I mean, unlike before, this report is unrelentingly positive. Where there was an air of danger about some prior releases, its simply not present any more.

They are open about the status of the machines, the cash flow issues during the quarter, settlement and victory status in the lawsuit arena, and they hid a little gem in the "under construction numbers". Check out (and think thru) the doubling of the "under construction" item on page 11.

They openly report that they are producing fuel and selling it. That machine # 1 is reassembled and is being started up, with its use soon to commence. That #2 is a going ginny.

They hide nothing about the arrival of parts for machine #3 and its status. They are open about the projection that they will be cash flow positive Q1 2013, exactly as they have previously stated. RKT is fully on board.

And so on.

If there is any complaint, its that they did not say anything to list the exact contracts they have and whether they are making any steps forward about the railroad spur.

And they said several times that they are now in a transition mode from R&D mode to commercial production mode. And also, lest anyone ever agin compail about not getting a heads up every time a machine goes on line, they clearly tell us not to expect that level of micro-management and progress reporting. Simple as that.

And I was actually quite pleasantly surprised by the minimum amount of share issuance they have had to engage in. I mean... I'm a penny player from a long way back and beleive me when I tell folks that this is not a hugely diluted company. Given the degree of progress apparent from this quarterly, I am not even remotely displeased with what is on the horizon.

Very nice, baby. Very nice indeed, IMHO.

Imperial Whazoo