Replies to post #55872 on Plastic2Oil Inc (PTOI)

[Rawnoc]

Maybe you need to learn how to read a 10K.

I'll give you the heads up...

(1) Go to pro-forma numbers in the 10K and match them to the old 10K. Sales and net loss of $27,234 match to the PENNY.

(2) Cash. Match 'em up. I haven't bothered to check if it matches to the penny, but the cash in escrow and cash pending that both cleared a couple of weeks after the 10K matches the old 10K.


Very frustrating to see them execute so perfectly and the longs be so dead on balls accurate. I know. I'm sorry. :)

[Rawnoc]

New 10K vs. Old 10K -- 100% of numbers taken from the 10Ks:

Pro-forma Sales:

New 10K: 13,401,820
Old 10K: 13,401,820
Change: 0

Pro-forma Net Loss (excludes one-time, non-cash accounting adjustments -- numbers are by Withum in 10K):

New 10K: 27,234
Old 10K: 27,234
Change: 0

Cash:

New 10K: 4,112,327*
Old 10K: 4,059,123
Change: an INCREASE of 53,204

*cash in new 10K includes:
Cash 26,304
Cash in escrow 3,123,595
Subscriptions pending 817,928
Restricted cash 144,500