Replies to post #290794 on Plastic2Oil Inc (PTOI)

[fourkids_9pets]

Question: Why doesn't RH sell the blending plant and HQ and use that money to get #3 back up and running to prove itself instead of trying to raise money to fix it? A few million in the bank right away will get things done quicker than leasing it for a few thousand per month? I think I know why he is leasing but not selling, just wondering what you think?

imo 2 reasons ..

first is *selling* is a short term solution that removes a potential cash cow out of P2O's long term equation

second is clearly P2O doesn't *need to fire sale* this asset .. which makes me go *hmmm*

one other aspect that may or may not have *legs* .. *rumor* back in early 2014 .. had it .. that there was a serious
buyer with interest .. take it FWIW .. because as all who interact with me know my mantra .. rumors are just rumors
until they are 8k'd .. but *rumor* had it serious buyer was *observing* the take DOWN of PTOI's pps from Fall of
2013 to early Jan 2014 (35c to 10c to 6c) and *anticipated* and ability to garner an asset for pennies on the $ ..
which *reminded* me of my own belief specific to certain dirty whales .. who i strongly suspect believed they too
could *gain* an asset of P2O's from a severely reduced (and imo illegally manipulated) price per share

http://www.plastic2oil.com/site/sec-filings

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.

4kids

[Risicare]

Liquidating any assets right now is giving his money away. His interest is in keeping enough assets in the company to cover the money he has lent. He will pull the plug instead of selling off uneeded company assets like another CEO would.