Replies to post #182760 on Plastic2Oil Inc (PTOI)

[dreaminbig]

Agreements with the Investment Group? $10MM Equity Capital Investment

JBI is pleased to announce that investors have agreed to invest $10 million of equity capital via a private placement of unregistered securities at $0.80 per share. The Investment Group participating consists of prominent private equity investors, venture capitalists, investment bankers and accomplished corporate executives.

http://ih.advfn.com/p.php?pid=nmona&article=52415124&symbol=JBII

Contingent on the filing of this Form 10-Q with the SEC and additional confidential factors

I wonder what those additional factors are...without the cash, they're dead in the water, upside down on their current ratio.

TOTAL CURRENT ASSETS

1,562,536

TOTAL CURRENT LIABILITIES

4,419,821