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  4. Plastic2Oil, Inc. (PTOI) Message Board

The logic is pretty simple here. What does it cos

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Post# of 43066
Posted On: 07/03/2014 6:51:10 PM
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Posted By: PaperProphet
The logic is pretty simple here. What does it cost to get the plastics JBI is allowed to use by their permit?? Those plastics are HDPE, PP and LDPE. Turns out the cost for the cheapest scrap is somewhere around $0.44/lb.

Diesel on a per lb basis is about $0.42/lb. So even if JBI's magic catalyst could convert the plastic to 100% pure diesel, it still would lose money.

Plastic is a value-added material over crude oil. Per lb, even scrap plastic is worth more than diesel. Virgin plastic is worth about 50% more than diesel.

This can also be approached from a different angle...and since no JBI supporter will answer any of my questions, I'll build a conversation with a hypothetical JBI supporter who actually answers questions.

Q: Do you know whether or not JBI has found any plastic feedstock which they can convert to a fuel of a higher value?
JBI supporter: No, I don't know if they have.

Q: Do you know why you don't know?
JBI supporter: No, I don't.

Q: It's because JBI hasn't told you. Do you think JBI knows whether or not they've found any continuous source of plastic which they can convert into something more valuable and therefore make the process profitable?
JBI supporter: Yes. I believe JBI knows whether or not they've found such a source.

Q: Why do you think JBI isn't telling you whether or not they've found a way to make the process profitable, especially since disclosing positive results would send the stock soaring?
JBI supporter: I don't know.

...so if you can figure out the answer to the last question, consider yourself enlightened.


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Yes, I understand your penny stock also is the real deal, created with the inventiveness of Edison and destined to be the next Microsoft. Yes, I understand that the delays are also only because your company is making their product and/or technology even more revolutionary.




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