Replies to post #74803 on Plastic2Oil Inc (PTOI)

[mikeo56]

You have mentioned this a few times
"With 2 more in the wings." and
"They have one running processor and 2 more nearing completion."

This is news to me. John has said that they have "parts" for 2 more processors.

In my simple mind I see parts which could be a bunch of copper tubing only, and nothing else, If they were building 2 more I would think they would be visible from some outside location and someone driving by would see them and report back and that has not happened.
Whatever happened to "shareholders win traders lose" John used to tout so often?

Dont get me wrong here I have been buying shares all along the way and will buy again in the next few days, but seeing the price go down day after day takes the umph out of a person. I would just like to see an update from John soon, I left a message pertaining to this on Christines? Message machine.

So getting back to my point, Where are the processors being put together at? And CAN ANYONE ELSE CONFIRM THIS

Thank You for all the information on the board.

[jjsmith]

It went to seven because the CEO put out a press release stating they anticipated deployment of the large p2o in july of 2009, along with many other "hints" that production was right around the corner. Then the claim of 2,500 processors in a "few years". Then the claim of $10 barrel oil. There were financials that were overstated by around $10 million, which effectively doubled the companies book value.
http://globenewswire.com/newsroom/news.html?d=167300
So the company announcements had alot to do with it, then anonymous internet posters took over from there with a massive promotion campaign on internet message boards complete with false brochures touting eps of $.18 per share even though they were losing money. Then you have the price matrix which touts outrageous values for the company. Claims of millions being made by the money losing tape business. I could go on forever. Very sad story here. When you add up, the losses of shareholders is in the high multi-millions of dollars. This is penny stocking at its finest.

Now the permit is the next milestone that really should have never been a big deal. It's a simple air permit. There still is zero evidence that JBI can make oil for $10 per barrel. In fact, all evidence points to this not being possible to make a profit with P2O, but in an effort to create liquity for the dumping of shares, internet posters are trying to convince people of P2O's future profitability.

JBII went to $7 WITHOUT a Processor that was running. Now we have a production processor only waiting for a permit. With 2 more in the wings.

My thought is when the permit is issued, and production commences, $7 will be peanuts......but at the very least, announcement of the permit ALONE should result in a $3-5 share price.

When the first sales are announced it will increase the price even more.

Then when media spreads the word.....who knows.....but I predict a new 52 week high will easily be made.

Then with filings showing massive revenues guess where the price will go???

JBII will become the JUGGERNAUT of all time...........z