Plastic2Oil Inc (PTOI)

[the big guy]

Do longs here seriously believe that JBI could command 8 or 9 Million for Processor #3? Think about it. Last quarter they made $15k from P2O on revenues of about 300k. Utilizing that number, a potential buyer would have to run the processor for 600 quarters or 150 years in order to make his money back. That is the Payback Period, and it assumes a Cost of Capital of 0%. Just do the math on a price of $9 Million.

The only possibility is that JBI is using the current Cost of Unit2 #2 and #3 as a sale price. That is entirely unrealistic. It is like someone (and we have all met people like this) trying to sell a car after having restored it and wanting all of the money he spent back out of it. It is entirely unrealistic.

Here is the P&E line from the last financial statements:

PROPERTY, PLANT AND EQUIPMENT, NET (Note 5) 8,618,865

Sounds an awful lot like 8 or 9 Million, doesn't it? That is the only logical reason I can see. Complete naivete on the part of JBI.