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Replies to post #290070 on Plastic2Oil Inc (PTOI)
03/01/16 1:27 PM
03/02/16 7:57 AM
every *OTC* company/stock is *targeted* .. the target is specific to the $cycle of money in play (orchestrations
UP and the short back DOWN) .. both are illegal stock manipulation 101 .. and as noted by moi a few 100x
via this very venue .. *well organized* and clearly (based on 99% stat trotted out by rote) lucrative ..
03/08/16 12:26 PM
As CEO, I have substantially reduced the Company's monthly cash burn rate. One of my first cost cutting decisions was to cease operations at the RRON facility in Thorold, Canada. I am pleased to report that we recently came to terms regarding the remaining balance of the lease agreement. With that and other time consuming and financial issues largely behind us, our efforts are laser focused on closing the first P2O processor sales in 2016.
Over the next few weeks, we will be sharing important information with you regarding the sales and marketing program that we intend to launch. Our efforts will include direct sales as well as a new partnership. To that end, we made the decision not to further extend our agreement with EcoNavigation as their firm has been unable to conclude processor sales via acceptable terms.
Through years of testing and refinement in conjunction with our outside engineering firm, we are considering bringing our flagship processor #3 back online in the coming months. It will be important to be able to demonstrate the commercial viability of this processor by regular operations at our Niagara Falls plant.
Of primary influence to our decision to expand our sales efforts and to bring the flagship processor #3 back on line is our view based on analysis and consultation that oil prices have reached a bottom and could rise to $50 a barrel by the end of the year.
While the price of crude is a factor in certain economic analysis pertaining to our processor sales, it is not the only factor. There are significant costs associated with landfill disposal.
Financial decisions regarding P2O's disruptive technology are based on the results of models that are tailored specifically to each potential client. These include, but are not limited to, the anticipated life of a processor or cluster, specific configurations of customers' sites and facilities on hand, and the ability to integrate P2O's technology into existing operations.
Internal Changes
While our primary focus continues to be on the sale of our disruptive technology, a number of internal operational changes are being addressed:
1. The Niagara Falls plant will provide a source of revenue in the coming quarters. The Company plans to raise additional outside capital for the restart of flagship processor #3 and we are also considering modifications to our processor #2 in order to improve economies of scale and resultant cash flow.
2. Plastics2Oil owns a fully permitted fuel blending facility in Thorold, Canada. Regional demand justifies bringing the facility back on line and we intend to lease the blending facility to a qualified independent operator in 2016.
3. We will continue to draw support from our loyal shareholder base that includes individuals with impressive business credentials, experience and acumen. Valuable strategic suggestions have been offered and are being evaluated. I am also considering making important additions to our management team in the coming months and we may establish an advisory board.
