Replies to post #209815 on Plastic2Oil Inc (PTOI)

[loanranger]

I don't pretend to have your experience in such things, but the fact that the Executive Summary was prepared for distribution to the pipe investors is made plain by every word of the first paragraph:

"SAIC Energy, Environment & Infrastructure, LLC ("SAIC"), formerly R. W. Beck, Inc., was retained by JBI, Inc. ("JBI") to review and analyze JBI's Plastic 2 Oil technology (herein, the "Plastic2Oil technology"). JBI agreed that we would conduct our work and review of the Plastic2Oil technology from the perspective of an "Independent Engineer" for a project investor, who might be choosing to invest in a new, prospective project located in Jacksonville, Florida using the Plastic2Oil technology. The end result of our work is a White Paper, which can be obtained through requests to JBI."

None of that would have been news to JBI, obviously.


If you believe that 1)the document is fraudulent or 2)SAIC didn't perform what you consider to be a standard review and analysis, that's up to you. If they were hired with the understanding that they were to provide a report to prospective investors I can see how that would be perceived as a compromise to their independence and objectivity. But I think that you're going to have a tough time convincing me that, if "It would have originally been an internal JBI document", JBI executives would need to be told that "The end result of our work is a White Paper, which can be obtained through requests to JBI".

You're obviously welcome to try.