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Plastic2Oil, Inc. PTOI
Posted On: 12/22/2012 12:25:49 AM
Post# of 43066
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Posted By: Commando911
Re: yuggibeht #2880
Nah, pure speculation. There could be numerous reasons why the first remote site isn't operating. IMO, all resources are being allocated to NF and for processor parts. No sense in Allocating resources to a second location when the first location isn't even complete. Rauber himself said they would need more funds to move forward. I doubt he would allocate funds to a second site before the first site is running full speed and putting the company in the black. My speculation is that the Falls will need about 600 to 700k in revenue to get in the black. That is if cost cutting is effective and fees for attys are lowered. Absolutely gotta get the monkey off our backs.(SEC). Three to four processors running steady in the falls will make the company profitable.
And no, I do not wish to debate "uptime" past claims, or another topic that has been beaten to death. Niagara Falls first, profitability first, then I will consider where the next site will be.













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