Replies to post #213667 on Plastic2Oil Inc (PTOI)

[loanranger]

"6400 gallons of fuel/day

/31.5 = 203.17 barrels/day"

The standard oil barrel of 42 US gallons is used in the United States as a measure of crude oil and other petroleum products.

[Steady_T]

Your first line is correct....More math problems.

You incorrectly use the 80% number from the SAIC summary.

For some unexplained reason you take the 80% conversion rate of plastic into fuel and use that to convert plastic in PLASTIC.

Makes ZERO sense to do that.

Then you take that erroneously reduced plastic amount and apply a plastic to fuel conversion rate of 9 lbs/gal a second time.

Talk about math problems..... Wow, just Wow.

After that erroneous calculation you convert from gallons to barrels using the beer barrel volume of 31 gals/bbl.

An oil barrel is 42 gallons.

Then from there you decide to use a sale price of $90 per barrel which seems very strange since JBI has documented sales of product at $109.80 per barrel. That is an 18% decrease in sales price for no discernible reason.

As you say "More math problems".

[Zardiw]

JBII 4Q revs over a $milly....now THAT would be a good math problem for certain *persons unknown* who are short the stock...........lol.........z

[cantgetmyname]

Here is something else interesting,

According to the SAIC summary,
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=84261024

121,318 lbs of plastic were processed yielding 80 lbs of liquid fuel per 100 lbs of plastic.

specifically
10,287 gal. of number 6
4,269 gal of naptha

Using numbers I found for weight for these two fuels I come up with
84,353.4 lbs of #6
30,224.5 lbs of naptha

this equals
114,578 lbs of liquid fuel for a 94% yield.

I'm no petroleum engineer but I find it hard to believe that the weight per gallon of these fuels can vary by a pound or so, which would be needed to get to the 80% yield in the SAIC summary.

But maybe they can.