Replies to post #102798 on Plastic2Oil Inc (PTOI)

[ergo sum]

According to what I am being told it is just accounting tricks.

[Rawnoc]

"Non-Recurring and Non-Cash Expenses
Many of the Company’s expenses in 2010 were non-cash and/or non-recurring expenses. Such non-recurring expenses have been primarily attributable to the preparation for the commercialization of Plastic2Oil, various legal expenses, the restructuring of Pak-It, and the preparation of the Fuel-Blending Facility"

"There were significant non-cash operating expenses in 2010. 2010 non-cash operating expenses accounted for $8,409,259, or 59%, of the $14,343,469 net loss in 2010."

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So it was more like less than $1.5 million average per Q cash expenses. Not bad.... so 2 processors should make them nicely profitable for the entire company if not just 1.