Replies to post #74802 on Plastic2Oil Inc (PTOI)

[ABIGIDIOT]

pretty astute observation right here, that many posters [investors] fail to acknowledge:

People need to understand that the early shareholders are in at a very cheap price. Dumping for anything is likely to yield them a profit so all they need is liquidity, the price doesn't really matter.

that is a huge factor. additionally, there are some that feel the issuing of the air permit will be an instant panacea for the stock.

read this: it will not.

what will happen subsequently, is people will hold back and wait for some kind of production info/reports, and then the subsequent sales/revs report.

which, could very well happen in time. [a long time].

however, what i suspect will rear its ugly head will be myriad hurdles the company, and its not so adept CEO will have to jump thru. there will be multitudes of more permitting issues, which, while some feel at this time are unnecessary, will later prove to be part of state/federal criteria.

so, will a simple permit explode it to the previously pumped up price level of 7 bucks?

highly doubtful. investors are far more savvy after months and months and months of waiting, double talk, and false hopes.

as one poster postulated : " when this happens, when that happens, this should happen, this may happen " . lots of the proverbial woulda coulda shouldas.

if JBI proves to be a bona fide entity, and the currently inept CEO can right the ship, perhaps in time, it will cross over into the dollar levels.

but, time is on the company's side, not too good for eager investors.

[neverquit]

jjsmith - what is your accounting competency? Specialty?

"Realistically, this company is probably worth about $500K so less than a penny per share. Anything more than that is highly overvalued"

I'd say a smidge more unless you are only talking about one division:

http://www.sec.gov/Archives/edgar/data/1381105/000121390010003178/f10q0610_jbi.htm