Plastic2Oil Inc (PTOI)

[xxxxcslewis]

You misunderstand the new business plan. The objective has been to prove the technology works and achieve a cost effective high level of up-time.

The technology is proven. The cost effective high level of up-time will result in nominally cash flow positive operations at the Niagara Falls facility. If processor #2 is modified with a third kiln the result would be a profitable operation. But that is small potatoes and not the business plan.

The new business plan is to place processors into the hands of existing operating entities that are currently disposing of a large plastic waste stream.

Anticipate the first sale of a processor will be followed relatively quickly by many other sales. That will occur once the technology is proven to be able to process plastic waste at an acceptable level and the financial model can be validated based on historical operations.

The historical performance data really only began around November 1, 2013 after the initial break in period for the flagship processor. The question really becomes when does the level of confidence rise to the level for a potential purchaser to invest somewhere North of $10 million for the processor and ancillary equipment.

The sale of processors will result in a high initial gross margin on the sale and a continual cash flow for royalties, software updates, catalysts, etc.

The production figures are publicly unknown but I think available for potential purchasers of the technology. No one knows when the level of confidence necessary will be attained to make the purchase decision. It might have been yesterday or today. It might be next week or next summer. We can only wait but from where I sit things look pretty good.