Replies to post #54016 on Plastic2Oil Inc (PTOI)

[laurap]

thanks righty - indeed

the verbiage does not answer my question.

if john has the cash to rollout p2o/p2fuel to profitability.

but thanks for bringing that up for me.

Message in reply to:

after

"May 21, 2010 - 12:19 PM EDT

JBI, Inc. Completes Private Placement
May 21, 2010 (GlobeNewswire) --
NIAGARA FALLS, Ontario, May 21, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB:JBII) has completed a private placement. A total of 488,779 shares were sold at $4.00 per share allowing the Company to raise a total of $1,955,116.

JBI CEO John Bordynuik commented, "The money raised in this placement will allow JBI to run all continuing operations and support development of our Plastic2Oil rollout."


but be advised of the verbiage not conforming to your request precisely...bolded above

[jobynimble]

JBI CEO John Bordynuik commented, "The money raised in this placement will allow JBI to run all continuing operations and support development of our Plastic2Oil rollout."

But for how long?

[Rawnoc]

"This restatement will in no way impact the Company's ability to execute its business plan during the 2010 fiscal year. The Company has sufficient cash to complete the P2O factory in Niagara Falls NY and to upgrade the Pak - It facility for retail rollout and to bring the fuel blending site to an operational state"

[MorningLightMountain]

don't forget the most important part, as any Co attorney will tell you:

the exact verbiage, with red by me....

Forward Looking Statements

This press release contains statements which may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees as of 1995. Those statements include statements regarding the intent, belief or current expectations of JBI, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: JBI, Inc.