Replies to post #215549 on Plastic2Oil Inc (PTOI)

[buenokite]

NYSE: SAI completely disagrees and has a different, experienced, intelligent and measured take on it:

http://postimage.org/image/y1uezgx53

Scam? Not commercially viable?

ROFL!!!!!!

Then why can the company not run their machines even close to the performance levels contained in the document you linked? Maybe a 3 day study is not long enough to truly determine commercial viability especially if it is spiked with assumptions that do not match reality? Put another way I find it absolutely amazing people think the very conservative estimates below are too aggressive.

I have said let's just assume #2 was able to run just 30 days for all of Q4. And machine #1 finally finishes warming up and is able to run for just 15 days. That is 45 days of processor time which seems pretty conservative. So 45 days x 218 barrels a day x $109 gives us about $1.069M in revenue. The company claims they can produce this fuel for under $10 per barrel so at $10 per barrel that gives us a cost of $98,100 to produce that fuel. But lets say due to the fact not all 3 processors are running and unforeseen stuff it takes $40 per barrel to produce the fuel or a total cost of of about $392k. So again how does the company not produce about $675k in gross profit?

[Arthur Edward Whoof]

The SAIC report is obsolete.

Nothing in the report is based on testing of the current revised process or the current redesigned machines.

Until additional testing is done on the CURRENT operation NONE of the past conclusions can be relied upon.

And it seems that they couldn't be relied upon in the past either or there would not have been a need to change and redesign the process and machines again and again and still not be up and running 4 years AFTER the overinflated and yet unproven claims were originally made.

Aside from that, it is not possible to turn $750 worth of plastic into $660 worth of oil and turn a profit.