Replies to post #9385 on Plastic2Oil Inc (PTOI)

[guzaling]

Hopefully Stu the conference call will spell it all out...JBII is moving along quite nicely...yes that's JBII. It will take some time to get used to typing JBII and not TRTN...LOL!

[GWMAN]

Obviously the franchise thing was posted by someone here but I think it was taken from the company website, unless it was a fake. We even had a brief discussion here about the interpretation of it.

[tykundegex]

Regarding revenue estimates for P2O...

In the article guzaling posted a few days ago (link below), in an interview with J.B. it states:

"The initial plant is expected to get through up to 20 tons of scrap per day."

So if we assume "up to" here doesn't refer to a "rated output" but rather a realistic and expected volume for a working day:

20 tons = 20000 kg = $6000 worth

so 25 JV's running 50 processors = $300k / working day

with 50% profit and 65% franchise fees, that adds up to about $22m / year in JBI revenue for the 25 JV's they're setting up now.

S.

http://www.canadianmanufacturing.com/plasticsincanada/news/industry/article.jsp?content=20090924_110713_6584