Replies to post #71580 on Plastic2Oil Inc (PTOI)

[jjsmith]

For credibility. John claimed he would have 2,500 P2O machines in the next few years. He claims each machine uses 40,000lbs of plastic per day.

2,500 machines X 40,000lbs per day X 365 days per year = 36,500,000,000 lbs of free plastic per year X 10 years = 365,000,000,000 lbs of free plastic. Even if the plastic was only worth $.01 lbs the contract would have a dollar value of $3.65 BILLION. Material event? I think so. Who can provide JBI with 365 Billion lbs of free plastic?

Value the plastic at $.20 per pound and you are looking at an alleged contract worth $73 BILLION. It seems when a company announces an alleged deal of this magnitude and one that is as unbelievable as this in a PRIVATE email exchange, it only seems right to issue an 8K and a press release. Why wouldn't the company want the publicity for allegedly securing such a huge deal? Red Flag.

The plastic used in the video appears to be clean, shredded plastic. Where do you get that for free?

It was rather commical watching the video. Everything I thought about it was proven. 1. Plastic looks to be clean 2. Plastic is already shredded and the machine doesn't appear to have it's own shredder. 3. The machine is not self loading, but a person has to drive a forklift and dump the plastic into it. Is this for real? LOL Why didn't John use landfill scrap waste dirty contaminated unshredded plastic in the video?

Why would someone PR a contract for a 10 year supply when they haven't gotten a permit yet or approval to begin producing commercially.
What happens if they can't get a permit? They would have a mountain of plastic the size of Mt Everest.
First the permit.
Then the annoucement of the supply etc.
Please use some common sense.

[buenokite]

Why would someone PR a contract for a 10 year supply when they haven't gotten a permit yet or approval to begin producing commercially.

for the same reason they PRed multiple JVs in Fla without a permit. And they did that quite a long time ago. Do you want me to provide the link? They even had provisional language in the deal that said it was contingent on an air permit.

It seems very logical if you are going to announce JVs and it was not just a bunch of hype, then you could announce both supplier and buyer contracts. I GUARANTEE if they did, diehards here would be bouncing off the rafters, but since they don't seem to have them in place everybody acts like they are no big deal. It is almost comical.