Replies to post #262598 on Plastic2Oil Inc (PTOI)

[Rawnoc]

We were talking about burn rate. It would be reckless, misleading, and irresponsible to include the first quarter burn rate of $4 million knowing that the third quarter burn rate was less than half of that.

The burn rate has gone from $40,000 a day to less than $20,000 per day to probably less than $10,000 per day now.

Any update on the scaffolding of doom?

[xxxxcslewis]

As of the beginning of Q4 the cash balance was $2,147,000. Add a payment of $200,000 for the sale of Pak-it and $120,000 from the sale of stock for a total of $2,467.000 in cash available, excluding revenue from any gross profit. That works out to less than $16,000 per day and includes the blood money payments to Bogolin and Ingram that ended 12/31/2013.

Note: They are still operating and therefore the cash burn rate may currently be much less than that, or even non-existent (read the company may currently be cash flow positive).

Note to shorts: Prepare to grab your ankles.