Replies to post #49813 on Plastic2Oil Inc (PTOI)

[jjsmith]

They are currently processing about 700 tapes a day, but will be processing many more due to 70 new tape drives coming online.

This statement implies 700 tapes per day everyday, which is completely false. Here are the financials on the tape biz.

http://google.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6530564-17450-18417&type=sect&TabIndex=2&companyid=759947&ppu=%252fdefault.aspx%253fcompanyid%253d759947

$46K/day tape revenues (according to filing) x 250 working days / 50M = .23/share.........et z"

Another completely false statement. The company reported 2 days of revenue at like $40K per day, yet in 2007 they only had $49K of revenue and all of 2008 they only had $90k of revenue and 6 months ended jan 31, 2009 they only had $1,600 yes that is correct, sixteen hundred dollars. This is the booming tape biz.. ahhahahaha. This is a very old trick, to process and report revenue for a few days then report only those days so people will assume this happens everyday and they then come up with FALSE projections of revenue, which enables the company to raise money with PIPE offerings.

It is obvious why the company has never mention tape revenues after the famous reporting of the 2 days. Below is the NASA public records for the tape biz. Funny how they tout this as a great biz (NASA Sole Sourced) LOL, yet it loses massive amounts of money.

Contracts to BORDYNUIK JOHN INCORPORATED
(FY 2009)


Summary

Fiscal Year:2009 3Q *
Total dollars: $0
Total number of contractors: 1
Total number of transactions: 1
Get list of contractors
Get list of transactions
Extent of Competition

Top 5 Known Congressional Districts where Work is Performed

Invalid district: $0

Top 5 Products or Services Sold

Data Collection Services $0

Top 5 Contracting Agencies Purchasing from Contractor(s)

NATIONAL AERONAUTICS AND SPACE ADMINISTRATION $0

Top 10 Contractors

BORDYNUIK JOHN INCORPORATED $0


http://www.fedspending.org/fpds/fpds.php?reptype=r&detail=-1&sortp=f&datype=T&reptype=r&database=fpds&database=fpds&parent_id=392897&fiscal_year=2009&record_num=f500



======================

Contracts to BORDYNUIK JOHN INCORPORATED
(FY 2000-2009)


Summary

Total dollars: $88,004
Total number of contractors: 1
Total number of transactions: 3
Get list of contractors
Get list of transactions
Extent of Competition


Top 5 Known Congressional Districts where Work is Performed

Invalid district: $0

Top 5 Products or Services Sold

ADP Support Equipment $51,430
Data Collection Services $36,574

Top 5 Contracting Agencies Purchasing from Contractor(s)

NATIONAL AERONAUTICS AND SPACE ADMINISTRATION $88,004

Top 10 Contractors

BORDYNUIK JOHN INCORPORATED $88,004

Trend


2000 $0
2001 $0
2002 $0
2003 $0
2004 $0
2005 $0
2006 $0
2007 $36,574
2008 $51,430
2009 3Q * $0
*Note: FY 2009 only includes data up through part of third quarter.

http://www.fedspending.org/fpds/fpds.php?parent_id=392897&sortp=f&detail=-1&datype=T&reptype=r&database=fpds&fiscal_year=&submit=GO