Your list of "reality" is mostly false: - Claim
Post# of 43066
Posted On: 11/03/2013 1:21:49 PM
Your list of "reality" is mostly false:
- Claim: There is little evidence of a magical catalyst. It has not been mentioned in financial reports for years.
** False: page 23 of the last Q filing reads ..."through a series of chemical reactions." (clearly the catalytic process)
- Claim: They were just tinkering... Processors #1 and #2 were not commercially viable, just prototypes that "wore out" under use. Snicker... these things do not wear out, they just require more maintenance.
** False: The original R&D machine (P1) wore out and now has a separate function. P2 and P3 continue to operate (please read the filings)
- Claim: their financial statements reveal that they are a huge money-loser, such that the recent changes won't really make much difference.
**False: continued investment in Plastic2Oil technology by accredited investors is due to its positive evolution, and such investment has been a fraction of other companies (e.g. Kior or Agilyx). We shall soon see if "recent changes" make a difference. You can read about the evolution of the technology here:
http://www.plastic2oil.com/site/nawtec-paper
- Claim: the tape business turned out to be a joke and was discontinued.
**False, the tape business had over $50,000 in revenue in the most recent quarter, but it has clearly not been a priority for years (again, it helps to read the filings)
- Claim: the subsidiaries were money-losing and were sold (at a loss) because they needed cash.
**Partially true... the subs were money losing and were sold. However, historically JBI has had access to financing whenever they have needed it.
- Claim: There is little evidence of a magical catalyst. It has not been mentioned in financial reports for years.
** False: page 23 of the last Q filing reads ..."through a series of chemical reactions." (clearly the catalytic process)
- Claim: They were just tinkering... Processors #1 and #2 were not commercially viable, just prototypes that "wore out" under use. Snicker... these things do not wear out, they just require more maintenance.
** False: The original R&D machine (P1) wore out and now has a separate function. P2 and P3 continue to operate (please read the filings)
- Claim: their financial statements reveal that they are a huge money-loser, such that the recent changes won't really make much difference.
**False: continued investment in Plastic2Oil technology by accredited investors is due to its positive evolution, and such investment has been a fraction of other companies (e.g. Kior or Agilyx). We shall soon see if "recent changes" make a difference. You can read about the evolution of the technology here:
http://www.plastic2oil.com/site/nawtec-paper
- Claim: the tape business turned out to be a joke and was discontinued.
**False, the tape business had over $50,000 in revenue in the most recent quarter, but it has clearly not been a priority for years (again, it helps to read the filings)
- Claim: the subsidiaries were money-losing and were sold (at a loss) because they needed cash.
**Partially true... the subs were money losing and were sold. However, historically JBI has had access to financing whenever they have needed it.
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