Replies to post #65253 on Plastic2Oil Inc (PTOI)

[guzaling]

I don't know about you but I "THROW OUT" all my waste plastic containers. Nobody pays me for them!!!!!

[Rawnoc]

Cost of Feedstock = $0. What happened to your claims that they will have to spend millions of dollars doing years of testing with the EPA?

Updated on that?

[Zardiw]

This post has alot of blatantly false information that is intended to manipulate the price of JBI stock.

The price matrix completely falls apart when you add in the cost of feedstock. The 10Q makes it very clear that feedstock is not free and is the one of the largest costs of the operation. Leaving out the cost of plastic is false and misleading.

"Profitability in the Plastic2Oil business will depend largely on the access to waste plastic feedstock where prices can fluctuate significantly"

Let's do some simple math to see if JBI's claims are even possible.

1. According to 10Q the company will NOT be getting free feedstock they will be paying for it contrary to all the false claims posted.
"Profitability in the Plastic2Oil business will depend largely on the access to waste plastic feedstock where prices can fluctuate significantly"

If it were free they would have stated such in the 10Q.

2. Company claims they can take 40,000 pounds of plastic and turn it into 110 barrels of oil every 24 hours per processor for $10/barrell.

So if they got lucky and were able to purchase the plastic for .25 per pound that would be $10,000 per 40,000 lbs which would make 110 barrells of "oil" which at $70 a barrel would bring them $7,700.00.(IF THEY CAN EVEN SELL THE FUEL) A whooping Gross Loss of $2,300.00 per day per processor. That is a loss of $839,500.00/year/processor before adding in overhead and other variable costs.
http://www.recycle.net/Plastic/other/xv100700.html

So the whole story falls apart without FREE plastic. Which according to the 10Q will not be free afterall. Notice on the link above with all the companies willing to pay .25 and up much higher for plastic. Why would a sane person give away their plastic to JBI when they can easily sell it? Now we know why ther is zero major media interest in the JBI story. GAME OVER.

Here is John claiming they get paid to take the plastic.

z