Replies to post #132802 on Plastic2Oil Inc (PTOI)

[loanranger]

The company filed an 8-K saying:
"As of July 20, 2011, JBI, Inc. (“JBI” or the “Company”) has shipped over 60,000 Litres of Petroleum Distillate to Coco Asphalt Engineering, A division of Coco Paving, Inc. (“Coco Asphalt”), pursuant to the Agreement executed June 10, 2011."

Your analysis assumes that ALL that stuff was shipped before June 30.
"According to the last filing "oil sales" were about $40k. The Coco sale was reported at 60,000 liters @$.70/L or so. 60,000 times $.70 is $40k+. Therefore it appears that "lone sale to Oxy" never happened."

Let's approach it from the other direction.
The Oxy delivery was supposed to be made on 5/9, according to the Purchase Order. If it was made as required, it would account for $23,460 of the $47,480 ("For the three and six month period ending June 30, 2011, revenues of P20 include fuel sales from the Niagara Falls, New York facility of $47,480 revenue from sale of processed waste product (primarily paper fibre) of $33,621 and incidental revenue from sale of products of $4,914.") P2O fuel sales through 6/30/11.
Assuming Coco was the only other fuel customer, we could calculate that the other $24,020 in fuel sales went to them in the form of 34,800 litres (24,020/.69) of Petroleum Distillate.

Either way, accepting that there were actually $47,480 in fuel sales would mean that there were a total of 68,800 litres or 18,175 gallons of fuel sold.

[Rawnoc]

That makes zero sense -- total P2O fuel sales for Q2 were greater than 100% of the fuel sales to Coco including three full weeks after the quarter ended. In fact, the majority of the timeframe that we know about the 60,000 litres disclosed occurred after the quarter ended. So to think that they sold 60,000 litres in the first 2 weeks then nothing the next 3 weeks seems unlikely to me.