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Gold/Mining/Energy : Plastic2Oil, Inc.
PTOI 0.00010000.0%Oct 22 11:09 AM EST

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From: Rawnoc9/1/2011 2:43:22 PM
of 621
 
"If you think that a major auto manufacturer is just gonna give away perfectly good scrap plastic you are wrong. Here is a link to an article about how chrysler is using recycled plastics to make auto parts. Now why would they use recycled plastic in parts yet then give away the extra plastic used in th process when they can just melt it and reuse it or sell it? GAME OVER."

~~jjsmith/fraudbusterP2O

"Chrysler conducted an extensive audit and now ships free plastic to our factory."
"After a full review, General Motors is also now providing free waste plastic to our P2O facility."

~~John Bordynuik

"Upon futher investigation, I found the testing required will involve studies on animals and many more tests/studies that will cost a FORTUNE."
"millions of dollars and years of time to do the studies necessary to be able to sell it"

~~jjsmith/fraudbusterP2O

"Oxy Vinyl Canada, a wholly owned subsidiary of Occidental Petroleum (NYSE:OXY), has agreed to purchase JBI's low sulphur heating oil for $109.80 per barrel. Low sulphur heating oil is a product of our Plastic2Oil(TM) process."

~~John Bordynuik

"That is absurd. If JBI's process is as the CEO claims it would be very easy to secure a "partner" and all of JBI's problems would go away. The fact that the CEO is still twiddling his thumbs and not partnered with a billion dollar company says it all to me. I think he is scared to even approach a company that has the resources to call him out."

~~jjsmith/fraudbusterP2O

"On July 29, 2011, JBI, Inc. (“JBI” or the “Company”) and RockTenn Company (“RockTenn”) entered into a Master Revenue Sharing Agreement (the ‘Agreement”) for a ten (10) year term with an automatic 5 year renewal term."

~~John Bordynuik

jjsmith /fraudbusterP2O puts $100 per share target on JBII:

"None of the other smaller machines, are feasible, so we will see if the magic catalyst makes it that much better than the rest. If it is as claimed then this stock goes to $100.00" ~~jjsmith

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