Plastic2Oil Inc (PTOI)

[steelyeye]

The way I put together the dots over the last 6 months, the production numbers have been proven to be good enough for interested buyers to become even more interested, and for the company to let us know they are in negotiations for machine sales. I forget if the term used by Heddle was "advanced" negotiations, or something close to that. My speculation is that with the commencement of the Crayola partnership and multiple Processor #3 extended runs, they likely have more than one purchasing company interested in buying machines. Heddle already mentioned the components of a deal, and that it would include costs for hardware, software, installation, maintenance and a royalty structure, if memory serves.

So I believe what might be more of a priority at the moment are things like testing the prospective buyer's plastic and sourcing, assessing their infra-structure, and evaluating familiarity with end fuel requirements and by-products. Once those steps are completed successfully, and sales terms are hammered out, and then legal departments at both ends review and approve... at that point no excuses will be necessary from loyal longs.

So what will the excuse be regarding the poor production in the 10K?

Oh, and some forget about the previous JBI "miracles" like free, processor ready feedstock from the Crayola parent and the kids at ColorCycle, and then there are those fuel sales to US Steel. Anybody think there won't be more miracles coming?

Pretty miraculous for a Mom and Pop start-up, n'est pas?