Replies to post #72716 on Plastic2Oil Inc (PTOI)

[jjsmith]

Yep. The media credits are mainly used on stock promotion web sites and the company that usually publishes the articles, NewsUSA, is owned by the same person that owns the company the media credits are from, media4Equity. So basically Media4equity owns shares of JBII and they promote the stock in hopes the value of THEIR shares rises. They were given the shares and in return they promote the company. Not sure why they call them media credits as they can't be used by any mainstream media company. Stock promotion at it's finest. I think it's done more harm then good because anyone with a brain would realize the articles aren't "news", they are stock promotions. When stocks are heavily promoted by stock promoters any intelligent investor avoids them.

I posted a while back all the companies that media4equity received stock in for their stock promotion services is either bankrupt, or the stock is worth next to nothing. Great track record.

Not for press releases. The media credits are being used to advertise P2O and Pak-It.......and they'll be doing a good job bringing public awareness to both........z

22 press releases in one day doesn't sound very frugal to me.

JBII's CEO is a frugal man.......and we should be glad, since we're the owners of the company remember?..........z

ok...but why is this stock under $1 when it was $6+ this summer? wasn't it the same concept they were working on then and now have????

Because the company hasn't been able to prove the claims of making oil for $10 a barrell. The company filed inaccurate financials and had to restate them which devalued the book value of the company by 50% around $10 million, the company has yet to prove they can get free plastic in quantities needed for continuous production (without the free plastic, P2O is unviable), company is being sued in two seperate lawsuits, CEO claimed they would have 2,500 processors up and running in a "few years", yet we are over a year since they released a press release that stated "310 Holdings Commences Operation of P2O" yet they still haven't produced a penny from P2O, two presidents of subsideraries are GONE, two board members are GONE, VP of Mergers and Aquisitions GONE (by the way none of these highly important events have even been acknowledged by the company or the CEO. Apparently they don't care enough about their shareholders to inform them of important events,CEO balked at a shareholder who asked how many months the permit would take to acquire and replied it would be weeks not months (guess what it is months later and still no "simple air permit", etc etc. Ya get the picture?

[BigGreen101]

I cannot validate that JBII's CEO is a frugal man.

However that is not the point of my last reply. Is a $700.00 PR giving information about the status of P2O application - or lack of it being submitted - important enough to spend the money? Is it not about keep the investors informed?

As I also indicated in my last correspondence, we will just have to see how much the 3Q lost was this time around. Then I may be able to judge more accurately if the CEO is frugal.