Replies to post #279351 on Plastic2Oil Inc (PTOI)

[Ubertino]

$15 million!!!!

6 processors!!!!!!

This company is going places.

Now to mortgage my home of 65 years and make some easy money for a change!!

[geo56p]

"PTOI signs $15M contract to sell up to 6 processors!!!"


REALLY, REALLY, REALLY great news as long as none of these stipulations are invoked.

"EcoNavigation has the right to terminate each of the Processor Agreements upon either of the following events: (i) if EcoNavigation does not accept the results of a pilot test program to be performed within the first 120 days of the execution date (“Pilot Program”); or (ii) EcoNavigation does not obtain adequate funding for the Pilot Program, or the Initial Processor Order and/or lacks adequate working capital. In addition, the Processor Agreements contain certain customary termination rights, including without limitation, upon a material breach of one or more of the Processor Agreements or upon the other party’s bankruptcy or insolvency. A termination of any one of the Processor Agreements triggers a termination of the other Processor Agreements."



I did notice that they aren't able to cancel if the sky is cloudy, thats one thing we don't have to worry about... In other words

SAME STORY---DIFFERENT DAY---DIFFERENT YEAR---AD NAUSEAM