Replies to post #238715 on Plastic2Oil Inc (PTOI)

[jaxstraw]

Not liking the selling machines angle.

Clearly Heddle has just stated they do not think JBI can ever make enough P2O to be profitable.

Whatever reason...feedstock costs, supply, footprint for enough machines....whatever.

It is a total lack of confidence statement as to making enough revenue with just production to be self sustaining.

[Rev Kilgore Mullet]

Why would selling expensive, developmental stage machines with, say, 25% margins and three month assembly schedules be preferable over selling oil in a continuous process?

Remember, the faster Heddle drives the company into default, the sooner he owns all of the assets including the unfinished and unsold processors.

[tykundegex]

What machines are they selling anyway? The fully working #3 stand alone, or with #2 tacked on as a premelt, and with or without the new proprietary gas cooling/compression system that was designed and built in a week? How many sqft does it take up now, and what is the final cost, and do blueprints exist?

OK I'm bagging on them pretty hard, but in ANY configuration if it's true they have run 23 days continuously (ie 24 hours each day) and not yet required clean out of residue, then it is indeed a game changer (that equals less than 10% downtime albeit at low throughput) .

They just need to show they can "stand on their own two feet", and despite having the best production capability ever, they are farther from this objective that this time last year.

Next update in 3 months... Hitting the snooze button on this one.