Replies to post #59688 on Plastic2Oil Inc (PTOI)

[jobynimble]

How come Honest John didn't give back another 400,000 shares to the treasury to make up for the 400k that was issued as bonuses? And what happens in the future if they need to raise more money, which I think is very likely, despite what the fact he says they won't need to? Will he give back more?

[jimmenknee]

Sorry for the moment-- hopefully to turn around shortly for you.

I ran PSR after the last Q and JBI was trading around a 4 multiple on annualized sales-- low for a speculative buy IMO.

It's the illiquid float that's getting in the way moreso than any other factor at the moment IMO-- it creates an environment for *manipulation*. You'll need liquidity above 250k-ish:

Float Turnover Ratio (TOR) 0.26% (need min > 1%) 
Float (approx) 24,500,000  
8EMA 64,500  
Working Float: 208,722  
Effective Float: 546,434   
EF % Float: 2.23% (need 10%)

Day TOR: 0.39%
Day Vol: 94,960

[PaperProphet]

Re:<"I eat my crow every time I look at my unrealized loss. In my case due to being too busy to think at a critical trading point, but nonetheless...">

I see most people get in too deep when they start averaging down with every new lower price being a new "bargain" for them. If you weren't adding shares at $5 and down, you are probably better off than many.

In my opinion, it will take JBII somewhere between one and a half to two and a half years to get below a cent. When and if it happens, you will see people who averaged down all the way and end up keeping the vestiges as a "lottery ticket." I see that way too often. Sometimes even if a person believes that their penny stock will change the world (and most are absolutely emphatic about their investment's 'revolutionary' product), it's still better to know when they've invested too much already and not continue to throw more and more money at the stock.

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