Plastic2Oil Inc (PTOI)

[steelyeye]

Understanding the difference between non-recyclable plastic waste and recyclable plastic that has a market is basic and rudimentary. It has been discussed for years. One does not "clean-up" Ag film and have it suddenly become a recyclable commodity like plastic coke bottles.

Pre-processing for JBI's machines often simply means shredding to a size that will allow the beast to swallow it. Municipal and private company MRFs sort incoming plastic all day long... by the truckload and tonnage every hour.

I agree any of this can be dealt with by sorting, cleaning (to make the plastic cleaner but not clean), and preprocessing by something like the MRF. The question becomes by the time you sort, clean, and preprocess the plastic, do you end up with recyclable plastic and if not does it become so expensive that it no longer makes sense to either run the machine (this is what JBI has proved emphatically so far, hence the change in business direction) or makes it very difficult to sell a machine with beneficial terms.

Very difficult to sell the flagship processor with beneficial terms?

The CEO has said they are negotiating with more than one company, but yes it will be very enlightening to see the terms of any sale.

Why would any third party even be interested in purchasing a JBI processor if the company is really just a scam?

Here's another question: why would a seasoned CFO with stellar credentials join JBI to replace a 20-something guy who has never completed or filed a 10K in his career? Nothing against Nick but I believe he wasn't quite up to the increasingly challenging duties required.