Replies to post #102287 on Plastic2Oil Inc (PTOI)

[houtheman]

haha ur funny rawman

report to the sec here: http://www.sec.gov/complaint/select.shtml

[Imperial Whazoo]

Rawnoc

Thank you.

Its like everybody has lost their mind, IMHO.

I mean, people sit in stock after stock, bitching and moaning about the fact that too little news comes out.

Its the same with any pink or bb out there:
Some deal is in the works. News lapses. Bicthing and moaning ad nauseum all over the boards. The company is crooked.... or maybe they are a scam. They are not doing this or that and everybody should figure the lies out because, if anything real was going on, they would tell us.....

I mean, its a comedy to see it and yet to not "see" it.

So, JBII tells us all that there is reality in the works and that they are working to get it done, but, as anyone with even the brainpower of a garden slug would do, they put in cautions and warnings. Heck, you pay lawyers to cover your ass. Why would you have a corporate counsel and refuse to cover your legal butt when he tells you its the smart thing to do? And you can guaran-damn-tee that this PR was vetted by counsel. Guarantee.

So of course there are cautionaries and boiler-plate risk statements all throughout the PR. Duh.

Raw, you nailed it in the three aspects you selected to quote. Let me transliterate for the panic prone.

A:

"Company received what management believes is a final referral agreement with a large company"

Translation: Look everybody, we have told you before we are buddying up to a major corp in the waste management business. Well, we are. And heres where we are on it. We have been back & forth with them to hash out a business plan that makes all parties money and we are now in possession, after the long & involved work this has required, to cautiously report that we believe that the version of an agreement that satisfies all parties is now in our hands.

B:

"JBI has been negotiating Joint Venture agreements with both the aforementioned company and one of its customers"

Translation: And also, patient shareholders, we have a special customer who wants a side deal. We are well on the way in getting that done too.

C:

"At this time, a definitive fuel supply agreement is being negotiated"

Translation: And, regarding another thing we have told everyone about, we have lined up a fuel buyer, (we think). We told you guys about this a little while ago and the negotiations to get this done (and all parties satisfied) are being engaged in. We have nothing new to tell anyone about this at this time, other than to be very clear that everybody understands that this is a deal that is under discusion. We hope we get the deal. But don't go counting your chickens before they are hatched because, as of this time, we are in process and we can not predict the timing or the nature of the outcome. Good... bad..... or indifferent, everybody needs to settle down. It may happen. We are trying to get there. But be realistic and grasp the fact that the deal is being worked on. Thats all, at this time."

So, everybody needs to just settle down and watch the trading happen. Watch the volumes and figure out what the buying and selling is telling you about whether or not there is interest in stepping into JBII at this time.

Volume will tell the tale.

And let me ask folks this:
If its a disaster, then why did volume come in at the 1.20 range? If its failure on a stick, what accounted for it's retrace a few moments ago, back to the 1.42 level? Is this a train-wreck, or is it just your standard "buy the rumor, sell the news"?

It absolutely amazes me when it happens every time and yet its always seen as a surprise.

Personally, I sold on the way up and held to buy back in. Any guesses as to how I fared by looking at the whole of it in manner I've described herein?

And again, thanks Rawnoc. Nice three quotes. Very "to the point".

Imperial Whazoo