Replies to post #168779 on Plastic2Oil Inc (PTOI)

[Toxic Avenger]

You're right. I stand corrected. I should have said, "3 months of which the first processor COULD have been working full time"

The point remains that the first processor which was projected to be on line in 2010 and came on line late in the 2nd quarter of 2011, was responsible for a relatively small amount of revenues relative to predictions.

I would say the odds of them becoming profitable, based on past performance is virtually zero until perhaps there are 10 or more processors. Even then it's a coin toss. And the cost of getting there, seems to be in the tens of millions. PIPE investors may be willing to take a chance with enough of a discount, but I suspect the cost to the PPS will be significant.