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Plastic2Oil, Inc. PTOI
Posted On: 02/11/2013 10:37:47 AM
Post# of 43066
Posted By: Mikea52
Re: techisbest #3963

I understand the growing pain and technological issues with new small tech companies and believe this will eventually turn around. However, I am extremely disappointed with their communications and it is only adding fuel to the craphub's bashing camp.


They knew about the December downtime relating to the stack test, they knew about their fabrication delays (there is no issue at all with delays as I believe investors would prefer JBI to build a rock solid machine rather than patch working it). However, why would you communicate achieving specific goals that would be difficult to attain? Not sure if it is my Finance/accounting nature but I tend to prefer conservative projections. All mining companies especially the juniors that are about to declare commercial production (I consider JBI somewhat similar to junior miners) have clear timelines to spell out their one to few years outlook with steps outlining what their plans are (which could also be used to measure against their progress). Wish they would have better communications and set specific goals and targets to be measured against.


Just venting!














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