Plastic2Oil Inc (PTOI)

[Rawnoc]

Good grief, absolute bullshit. There is no violation of the matching principle when a company uses old expensive inventory in future quarters which is exactly what JBII did and since then cost of goods sold fell off a cliff.

By the way, SG&A was even cheaper than I thought. There was a $180K cash severance charge in there that was one-time in addition to the $1 million noncash. That brings it down to $520,000 per month BEFORE additional cost cuts went into effect (such as the recycling center) and BEFORE any fuel is made and sold.

Challenges Solved in Last Five Months:
The high cost feedstock and those practices have been eliminated from the Company.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9654714