Replies to post #257286 on Plastic2Oil Inc (PTOI)

[Roth_IRA_3000]

No shock....just awe, now I am disappointed. ;-)

[jaxstraw]

Plenty of avenues, are available to this company for financing.

Really?

Why don't you list a few examples because eacch progressive PIPE got cheaper and cheaper.Then they finally had to get bailed out last minute (I believe they had about 140k left) by their new CEO who required first lien on all assets.

What 'avenues' are left ?

[Risicare]

Their assets are encumbered, they are broke and the share price is in the toilet. Sounds like they have few if any options. I bet they still have the 300K lien and it would not be surprised if there are more liens at this point.

[greedy__malone]

Do you have something to back that up? Loans are given upon ones ability to pay back. JBII loses money, has no assets that can be used as security, is nowhere near a profitable state, has no way to repay money and nobody is going to use "just wait until we sell a processor for $8 million....ooooooooh.......ahhhhhhhh...." As security for a loan. There is a serious disconnect between real world and fantasy penny stock world around here. No processor sale equals no financing. They have nothing to offer a lender.