Plastic2Oil Inc (PTOI)

[ponzi_implosion]

Start-up? The company filings clearly indicate that full scale production with a standardized machine should be underway. That's not 'start-up' any more.

"...During the last week of February, we began the production of fuel from our second processor. At this time, we began testing, fine tuning and performing a full evaluation of the processor, its individual components, the systems designed to run the processor and gathering and monitoring significant amounts of data on all aspects of the system. This testing and monitoring resulted in confirmation that the processor was functioning in the way it was designed, the system and design worked in accordance with our design specifications and the computer systems designed to operate, track and evaluate the system were operating effectively..."

http://www.sec.gov/Archives/edgar/data/1381105/000121390012002574/f10q0312_jbi.htm

"...Processor 2 – Modular and Standardized: The second processor was fully assembled from rack modules in approximately 8 weeks. The second processor was debugged within two weeks of assembly. Remarkably, only two components required replacement during debugging, due to the fact that these components were deemed non-functional upon arrival. The second processor has been converting plastic at 2000 lbs/hr and producing fuel since it was initially debugged. The processor does not require further modifications and therefore our focus going forward is to maximize fuel sales and build more processors...."

http://www.sec.gov/Archives/edgar/data/1381105/000121390012001206/f10k2011_jbi.htm