Replies to post #136625 on Plastic2Oil Inc (PTOI)

[Justice37]

Don't have the time to respond to all of your speculations but I can clarify some things for readers.

Re: Oct. 1, 2009, Pak-It has always been close to making a profit or just made a profit before and after JBI purchased it. How is this running the company into the ground. What was once seen as a potential money maker is going to be sold as the focus of the company is going to be Plastic to Oil. Pak-It is an asset that will be sold.

Re: August 28, 2009. For the most part Javaco made small profits for the company. If it is sold it will sold as an asset. In regards to the $10 million dollars in media credits, it's been explained numerous times that the credits were worth $10 million, the issue was that they were listed incorrectly when filed with the SEC, something JBI corrected over a year ago. Please read the following post for more details.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65504393

Re: Feb. 12, 2010. The fuel blending site has been used for storage of fuel. The cost of the multi-million dollar site was just over $100,000 dollars and is an asset. I expect it to be used shortly (or even now) once fuel production warrants it. It is also an asset that if needed could be sold down the road if the blending on the processor makes mass blending redundant.

Re: Feb. 12, 2010. The 18 press releases were supposed to be released during the weekend, the company decided to release them after trading stopped on Friday, Feb. 12, 2010, there was no accident about it.

Re: December 15, 2010. Contracts in regards to fuel sales and joint ventures could not be concluded until the P2O factory was actually running. Delays have occurred as the technology has been upgraded to meet client need. P2O has gone from table top testing to production in less than 2.5 years, much faster than the competition (by 3 years). I'm a long, I would have preferred that the company be selling fuel last January and that they were up to full production now, but I certainly would not want them to do this if it was to the detriment of the companies long range business plans. I'll just have to wait.

Re: August 8, 2010. You're missing some information, the Wells Notice was announced, July 20, 2011 and was received by the company on July 14, 2010. The Rock Tenn agreement was announced August 4, 2010 and was signed on July 29, 2010, nine days after the Wells Notice was announced. Where did you get this same day information related to both events??? It shows a lot of confidence on the part of Rock Tenn to sign the deal after the Wells Notice was issued. Lets agree to disagree on the details regarding what JBI have to provide and what Rock Tenn have to provide.

Item 1.01 Entry into a Material Definitive Agreement.

On July 29, 2011, JBI, Inc. (“JBI” or the “Company”) and RockTenn Company (“RockTenn”) entered into a Master Revenue Sharing Agreement (the ‘Agreement”) for a ten (10) year term with an automatic 5 year renewal term.

http://www.sec.gov/Archives/edgar/data/1381105/000121390011004040/f8k072911_jbi.htm