Plastic2Oil Inc (PTOI)

[buenokite]

The fundamental problem is the cost of the plastic. And regarding that cost they appear to be in something of a catch-22 that will make it very hard for Heddle or anybody else to solve the problem. He can fire everybody but the reality around the plastic is:

The DEC permits require JBI to use non-recyclable plastic of very specific types. But the machines require 'most optimal' plastic.

The cost to make non-recyclable plastic 'most optimal' either requires the company to undergo significant pre-processing costs or pay extremely high acquisition and transportation costs which is exactly what the filings are telling us.

It would be interesting and helpful to all investors if the company described exactly what non-recyclable, "optimal" plastic really was because of the fundamental nature of the issue. And on a sidenote it clearly cannot be plastic headed to landfill.