Replies to post #256987 on Plastic2Oil Inc (PTOI)

[jaxstraw]

Was this really in the AGM ?

Thus the need for financing - roll out. Again, that's all in the AGM.

Please provide any direct quote where this is stated.

I believe no where in the transcript of the AGM is it stated they require future financing for 'roll out'.

http://www.sec.gov/Archives/edgar/data/1381105/000121390013007124/f8k121013ex99i_jbiinc.htm

Aren't these the only three quotes that even address financing from the AGM .....

Rick Heddle (President and CEO):

Thanks Chris.

We’d like now to offer a look into operations, and where JBI stands as a company today.

First and foremost, we’re currently working on financing. We realize how important it is for us to improve our working capital situation, and we are exploring every possible option. We will disclose material events with regard to financing as they occur.

Additionally, we continue to be in talks with potential buyers for machines four and five. We have received many questions regarding the business model of such a deal, and while we work out the specifics on a case-by-case basis, a potential deal would involve an up-front licensing fee with continual royalties on fuel production, as well as machine maintenance, software maintenance, and our proprietary catalyst.

We are trying to turn around a slow first half of the quarter, we are looking at our financing options, and upon obtaining financing we will work on seating a five person Board of Directors.

As Rick mentioned earlier, we are currently working on securing financing. It is imperative that we improve our working capital in the short-term,