Replies to post #128852 on Plastic2Oil Inc (PTOI)

[Rawnoc]

Apparently you and Billy missed this NYSE: RKT approved PR:

"RockTenn's paper mills and MRFs currently produce thousands of tons of plastic per day. To handle the plastic waste stream, RockTenn has been storing this by-product in company-owned plastic-only monofill sites for several years. The agreement gives JBI the exclusive rights to mine plastic from these sites."

"RockTenn has the industrial relationship and feedstock to support hundreds of Plastic2Oil(TM) processors."

http://finance.yahoo.com/news/JBI-Inc-Announces-Ten-Year-pz-2017141521.html?x=0&.v=1

Using your metaphor, "Little Billy" just inherited a lemon farm the size of Wisconsin.

[Steady_T]

Wow... You seem to have all of the data about plastic supplies available to you so that you can come to such a firm conclusion.

Would you care to explain how you know this in spite of the data presented and confirmed on this board that 93% of the plastic produced goes into land fills.

Then there is that Master Agreement with RockTenn that says they will give JBI all their plastic waste for FREE.

You may have missed that one little detail.

[clu82]

If the lemons provided by Billy's Mom were a useless by-product of making supper, you bet Billy would have plenty of free useless lemons from all neighborhood Moms who were in the same situation.

But since Mom had to purchase the lemons, your logic is flawed. RKT is not purchasing the waste plastic. They just don't want to have to pay to get rid of it. To continue your analogy, Billy's Mom gets reduced-cost lemonade after giving the useless by-product-of-supper lemons to Billy.

[stocker11]

So what you're trying to say is that because it's costing JBI about $10.00 to make a barrel of fuel and they're only selling it for $109.80 per barrel that it means that its not a sound business plan - what are the flaws you see in making that money?
By the way you mentioned below that the production and process is a border line fraud - please provide us with any proof you have of that.

Think of it as the 'Lemonade Stand Principle'. Little Billy opens a lemonade stand, and was given 4 pitchers of lemonade form his mother. Little Billy is THRILLED when he makes $8 from selling Lemonade. Little Billy decides to go into the lemonade stand business city wide hoping to make enough for college. Sadly Little Billy didn't realize that his mother wasn't going to supply free lemonade on a large scale as free things are great for kicks and giggles and to keep Little Billy inspired, but in reality, just as with JBII...Little Billy had a flawed business plan. The 'Lemonade Stand Principle'. Oops.
Not to mention in JBII's case it's production and process claims are a borderline fraud in my opinion.
RUN, don't walk....it won't be above a dollar much longer when reality sets in.