Replies to post #253217 on Plastic2Oil Inc (PTOI)

[arvitar]

That must explain why Bordynuik sold his JBII, and why the company loses over $1M/month.


It's the cheap oil! (good grief...)











SPLAT

[loanranger]

"75% plastic and 25% htf"
There's no reason to think that's correct or even close.

"htf at 1.00 per gal", "If htf was half the cost then..."
John Bordynuik:
"Instead, we will focus on reasonable HTF at a much lower price around $1.00-$1.30 per gallon and not risk new sources until we have infrastructure in place to flag possible unknowns."

What's a "10:1 throughput ratio"?

[retiredptt]

So you're using the $0.03 per pound for the Crayola plastic as if day and night all they're doing is burning markers?

See... thats exactly why JBI does what they do. They tell us what they're getting the Crayola markers for (which makes up just a fraction of what they're processing) but strategically "forget" to tell us what they're paying for the primary feedstock running through those processors day in and day out.

I'd love to know the percentage of Crayola plastic vs. the new premo plastic supply they have under Heddle's leadership. There is no way Crayola makes up even 5% of what they're burning and they sure aren't getting that other stuff at $0.03... hence why JB very strategically left out that cost. Damned if shareholders are to be fully in "the know" yet they have the information to share and they won't share unless we fight for it.

"With respect to feedstock issues, when Rick Heddle joined the company as CEO in August, we had significant volumes of unacceptable, useless feedstock that was procured at high prices prior to his arrival. With that transition that practice ceased and the company went back to procuring waste plastics that were not commingled with inert metal materials like wood, large bolts and other heavy objects that would assist the seller of plastic loads much more money. Since discarding this plastic and closing the recycling center we have not had any plastic, plastic in water, plastic in snow, plastic and large objects getting in the way of the processor causing problems."

It really is unbelievable that $0.03 was used in the math.

We're playing right into JB's grubby hands.

JB, how much are your paying per pound for that new supply of plastics you're buying that was referenced in the December 10th call?

Guesses so far:

GolfGod = $16 per barrel (assuming they're processing nothing but markers 24/7)

[retiredptt]

This link show plastic costs ranging from $0.27 - $0.87 per pound. I don't have confidence in how you came to your calculation but if not $0.03 what happens to your math?