Plastic2Oil Inc (PTOI)

[stocker11]

The company's loses are a result of being a start-up. They at times had a staff of between 40-60 people (accounting, auditing, legal, IR, buyers, sellers, lab techs, admin. etc. etc.). And, to add to that they had the growing pains of being a public company.
They opened a new plant from scratch to manufacture the processors and were working with a new technology. They had to locate parts and fabricators, they were doing R & D and they went from making oil to in-spec fuel. They've completed three operational processors and are building 2 others that are 75% complete.
Processor shut-down for clean-out was a problem that needed to be resolved and they've now achieved that with the invention of their flagship processor that's capable of processing 2000+ lbs./hr. of feedstock for 30+ continuous days with real-time clean-out.
The company is now prepared to roll-out their flagship.
I expect revenues to increase and costs to be cut significantly. Sales are just a matter of time and will result in:
- between $5-10M per processor (may be on the low side)
- maintenance contracts,
- sales of the catalyst,
- 4-6% royalties.