Replies to post #248823 on Plastic2Oil Inc (PTOI)

[the big guy]

Yes, Straw is more or less correct. I am not an accountant, but an asset ie worth the lesser of it's cost or market value. Unless P2O can be shown to be profitable, the processors are worth peanuta. Anytime equipent is customized for an industrial application, it is only of vale for the purpose it was designed for in the system it was a part of. Othwise, it is basically scrap. The only value above scrap value for Proc #3 is if someone wanted to coNtinue testing. They would understand it is a money-losing proposition, so the value is minimal.

[Jahuel]

I disagree.

If this is a scam, that does not mean the assets have no value.

JBI may just collapse from a lack of money, not because the tech was disproven.

That would leave the tech alive & kicking to be re-used again with a new company, new ticker, new scam - and Heddle could make back a lot more than $3 million.

Conspiracy theory? Yes. Does that make it automatically wrong? No, but only time and 10-q's can tell.