Plastic2Oil Inc (PTOI)

[steelyeye]

Thanks for the picture of the closed recycling center in Thorold, Ontario. It is a very good reminder of the evolution of JBI's business plan. The closure of RRON will mean several positive things for JBI's bottom line, including the following:

-- Ample plastic feedstock is now being shipped directly to the P2O factory on the New York side

-- It is no longer necessary to pay transport costs to move the feed stock across the border, or incur pre-processing costs such as cutting or shredding plastic feed stock at the recycling center

-- It therefore signals streamlined operations going forward which will result in reduced overhead

-- It means JBI is no longer interested in procuring "general waste streams" that contain plastic (and other things like cardboard), but instead they are now focused on "plastic waste only," delivered directly to the processors

And before anyone argues that the margins on cardboard recycling have been greater than P2O, please remember that was when the processors were running at an average of 4% uptime.

I suspect that Mr. Heddle now has a much better story to tell, and I hope he starts telling it before the early November Q3 filing.