It's coming...
Well, everything except the actual sale of processors or fuel.
Quote:We do not generate sufficient cash to fund our operations and we have limited capital resources. To fund operations during our development, we have primarily relied on net proceeds from the sale of equity or debt securities in private placement transactions, including investment by our officers and directors. If we fail to raise additional capital as and when needed, then we may be forced to severely curtail or cease operations.
There can be no assurance that financing will be available on favorable terms or at all. If we raise additional capital through the sale of equity or convertible debt securities, the issuance of such securities will result in dilution to existing stockholders.
In the short term, we expect to need additional capital and will need to this raise additional capital in order to obtain cash flow positive results from our P2O processors. We expect that we will attempt to raise capital through the issuance of long term notes, through private placements of our common and/ or preferred stock or through other financing efforts in which we can obtain substantial liquidity. Additionally, we could enter into transactions with third parties in which we sell and potentially operate our P2O processors on their sites. We expect that this would generate additional needed cash.
In the long term, we expect that we will be able to fund our daily operations through the generation of sales of our fuels and P2O Processors. However, we will require significant proceeds from the sale of our common stock, preferred stock, debt securities in order to fund the construction of multiple processors.
Well, everything except the actual sale of processors or fuel.
Plastic2Oil, Inc. (PTOI) Stock Research Links
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