Replies to post #249141 on Plastic2Oil Inc (PTOI)

[arvitar]

JBI doesn't have enough cash to last another quarter, and their losses of $1M/month haven't diminished, in spite of all their "cost cutting".

Hence the pummeling by Mr. Market

Did Heddle mention how he was going to overcome that wee problem?













SPLAT

[stocker11]

I expect JBI would like to hear from all interested buyers before making a decision on who to partner with. There is little doubt that sales will now be the major source of revenue moving forward. The sale of just 1 processor will make them CFP and that's something that equates to massive interest in my view. As you heard they are working on Processors 4 & 5 (duplicate of Processor # 3 design) so entering into a sales agreement would only require the necessary paperwork.

[Ryoko]

There is little reason for buyers looking to get their hands on a processor to start throwing money at JBI yet. JBI needs to show that the processors can be run as a commercially viable operation. After all these years, that has never been shown to be the case. Not even close. And no, the tiny gross profit for this quarter doesn't mean these can be run profitably. Let's see them post a net profit for operations.