Replies to post #216696 on Plastic2Oil Inc (PTOI)

[fourkids_9pets]

Problem is that the alleged 'deal' was actually with a company called SmurfitStone which was acquired by RockTenn. This in itself does not mean that JBI has any 'deal' with RockTenn or if RockTenn can/will honor it under the circumstances.

literally lmao reading this ..

basic DD >> done at the time of SS acq .. revealed *specifics*
to say nothing of the way *corp counsel* covers all *particulars*
with a fine tooth comb .. in the >> er >> real world of business
acq's >> covering *both* sides (ie the acquirer and one being acq'd)

good grief

==
4kids
all jmo

[Rawnoc]

The problem with that theory is that it's based on bullshit.

Smurfit-Stone had already merged with NYSE: RKT. Smurfit-Stone was twice the size of NYSE: RKT but went with the Rock-tenn name. The deal was finalized and signed by NYSE: RKT only after NYSE: RKT and Smurfit-Stone already completed their merger months prior. The signature on the contract says Rock-tenn -- not Smurfit.

And, no, ink-contimained plastic is worthless for recycling but is "ideal feedstock" for P2O systems according to the American Chemsitry Council.

"Some of these plastics are films that are too contaminated for recovery at retail outlets. While these items
cannot be mechanically recycled, they are the perfect feedstock materials for PTF systems."
"Many paper recycling mills receive sizable volumes of mixed, contaminated plastics in the bales they purchase.
The level of contamination that occurs during the paper pulping process leaves the plastics covered in ink.
However, because most modern pyrolysis systems can tolerate a wide range of
contaminants, these plastics make an ideal feedstock for fuel recovery"
http://plastics.americanchemistry.com/Plastics-to-Oil