Replies to post #202776 on Plastic2Oil Inc (PTOI)

[arvitar]

PIPERs have only ever bought JBI shares at 40-60% discount to the market. Even the dimmest of those have come to recognize the pattern:


Step-1: JBI announces amazing "signed agreement" in PR, suggesting huge increase in production of P2O, and in revenues for sales of oil generated from plastic (usually around the time that the next PIPE is needed to avoid bankruptcy).

Step-2: No evidence of any increase in production of P2O, or in sales of P2O in any subsequent SEC filing for several years.

Step-3: Whenever "old" PR or agreement is brought up, JBI has its promoters claim "Nah, that's just old news. It's all about the future."

Step-4: Return to Step-1

[Estimated_Prophet]

Depends. Do you feel confident that the company is going to execute? Obviously, if you aren't confident of that, you wouldn't participate in another one. Then, you would gladly start selling some or all of your position to the new players. Something that I speculate is happening for most of this year. I could be wrong, but hope I'm right that they are about to execute.