Plastic2Oil Inc (PTOI)

[Imperial Whazoo]

Not my thinking at all.

They underwent another stack test. I'm apparently alone in thinking that they are not tinkering, but building the new "things" that the DEC tested is not evidence of "still tinkering", IMHO.

The oversight & regulatory requirements of the DEC are written all over this.

JBII had the need to repair a machine. They told us all about this.

So they had the machine apart. They needed to invent an attached pre-melt & get it to work. So obviously, they needed to settle on new design requirements.

So they took the opportunity, while in this stage, to implement new design features. Common sense if you ask me.

So they designed it (that was the "tinkering"). Then they built it.

Then they got the DEC to stack test the new design.

And note that the new design passed the test.

The very idea that they are still tinkering is repudiated in toto by the act of building something new (THE NEW DESIGN) and getting it to pass the necessary tests.

They are not "still tinkering"

They have settled on the new design, built it, & now, tested it.... SUCCESSFULLY, I might add.

What we see here is the new design. THE new design that is the basis for the attached pre-melt for the next generation of machines. Simple as that, IMHO. Obviously.

Machine number 3 may be awaiting parts, but that can not be understood to be the company still tinkering.

They have done the tinkering, settled on what needs to be built, built it, and tested it.

Tinkering is done.

Certification is done.

Next step is the delivery of delayed parts and the build-out of the third machine.

Thats my opinion

and, BTW, I could tell that there was something going on that constituted trouble of some kind. I deduced this as anyone else could have done, by reading the chart & its volumes.

Now we know what the issues were.

They had a machine that needed to be repaired & they needed a pre-melt attachment that would allow rthem to NOT have to heat up & heat down. Remember, heat up/heat down cycling was extremely inefficient.

They had problems to solve to improve the entire process. They took the opportunity to tinker, design, build, test, and certify.

They did what they needed to do.

And as to the timing of buys & sells, pay attention to the charts.

Just buy or sell the chart. It will tell you what needs to be done and when. Do this and you will be out when you need to be out and in when you need to be in.

Some of us were neither caught flat footed, nor surprised by the news. I did not in any way, form, fashion, or manner know what the "bad" news was going to be, but I have a good eye and I could tell that some kind of problem was being dealt with.

The question was: "How bad is the problem that is a drag on things?"

Now we know.

We have a story stock here, and with story stocks, the isuue is never whether there are problems during the start-up phases. No matter what the problems are, its always a matter of whether they as torpedoes below the water line or whether they are less disasterous than that.

Now we know what was being dealt with and, IMHO, these problems look to be of the type that are not "below the water line".

And fact is, we now know what was being dealt with and it looks to me like they have it well in hand.

Personally, I'm not the leats bit troubled.

In fact, I'm glad to have finally been told what was behind the scenes.

All my opinion, mind you, but bear in mind that I applied this kind of thinking to the last run and I sold at a tremendous profit at a range of 1.45 to 1.47

Trade it, and in so doing, accumulate at pivots that are signals to step back in. Over time, you end up with an ever larger position in this "investment".

I often screw up and let my emotions control my decisions. Over time, I've learned to do less of that and more of the types of buys and sells that allow me to avoid the kind of gap open down we saw this morning.

Believe it or not, I'm just trying to help.

Imperial Whazoo