Replies to post #57435 on Plastic2Oil Inc (PTOI)

[umiak]

nah, it's a good thing. that simple truth will polly be twisted to something bad. to bad for the good guys.

[SteveF]

It probably is JBII's, now that I've found the details from "Exhibit 9".

In addition to UPS, the board approved grants for several other companies through the authority's Business Employment Incentive Program.

They were: Atlantic Hoisting and Scaffolding LLC and affiliates, which was awarded $1.27 million to bring 101 jobs from New York to Carlstadt; Carlo's Bakery Inc., a Hoboken cake and pastry maker, awarded $45,000 to add 110 jobs; Holiday Image LLC, a retail display designer, awarded $107,000 to relocate 65 jobs from New York to Secaucus or another New Jersey site; and Pak-It LLC, to add 35 jobs in Pennsauken.

http://www.allbusiness.com/government/government-bodies-offices-regional-local/14380509-1.html

Are they adding 35 jobs or moving the 36? That's an odd coincidence.

For instance, on or about January 20, 2010, Pak-It reduced its workforce from 49 to 36 employees as part of a corporate restructuring of the bulk cleaning component of the business. The Company’s Chief Operating Officer, Jacob Smith, is overseeing the transition of the plant from primarily a bulk manufacturing company to a highly automated plant that will allow the Company to grow revenues by becoming more efficient and producing the water soluble packets at a rate that will support a national retail launch. The retail launch will require retooling the existing plant to become more efficient and will ultimately lead to job creation through an expansion of the bulk manufacturing capacity as well as the set-up of a new Pak-It plant in southern New Jersey.

http://www.sec.gov/Archives/edgar/data/1381105/000121390010000306/f8k062509a2_jbi.htm