Plastic2Oil Inc (PTOI)

[Arthur Edward Whoof]

History of documented JBI problems-

All of the reasons JBI can not become commercially viable have been well documented in my posts-

http://investorshub.advfn.com/boards/profile.aspx?user=379220

emphasis on the bold topics

THE FUNDAMENTAL PROBLEM

The 10K has now validated these posts and therefore it is clear that JBI can not turn a profit.

JBI has made a feeble attempt to show some kind of progress by;

pumping oil through the machines just to get their numbers up for the quarter… they called it HTF but no one caught on. This left everyone speculating that this is some kind of fix for something but conveniently they never really elaborated. It’s the perfect cover since they used an excuse that this is a one time high cost but it is clear that there is no advantage in spending more on input than you get in output unless you simply needed to increase your volume numbers. Plus, it was easier to hide out in the open and easier to process than buying and hiding plastic numbers, so it gives them a more difficult to challenge cover for the ploy… clever.

It has now come to light that JBI has been operating under falsehoods that has been admitted in the 10K.

It’s really a shame that all the hype and excitement was all founded on lies that they have now confessed to, there is no way to use unwashed, unsorted FREE plastic. This means that there is no way to produce oil at $10brl. This means that all of the references to third party validation was based on incorrect data and the $10mill/year processor is completely false.

This also means that all of the projections of incredible profit margins that really made this company look like a great investment were completely fabricated based on misguided falsehoods that have been complexly ANNIHILATED by the 10K.

This means that a lot of people were misled, misguided and scammed by guidance, PR’s and promotions that simply were not true.

This can be considered fraud and the SEC would have a serious case if they can find even the slightest reference to JB knowing the truth and yet promoting otherwise, which I don’t think will be difficult to find if they focus an investigation specifically on this topic instead of just bookkeeping fraud.