Company:  PLASTIC2OIL, INC. (PTOI)
Form Type:  8-K
Filing Date:  10/8/2019 
CIK:  0001381105 
Address:  20 IROQUOIS ST 
City, State, Zip:  NIAGARA FALLS, New York 14303 
Telephone:  716-278-0015 
Fiscal Year:  12/31 
Last Trade
Last Trade: 
$0.02  
Change: 
-0.004 (-21.66%)  
Trade Time: 
Sep 20  
Market Cap: 
$2.00M
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Description of Business
We are a technology development and licensing company. We have developed technology that converts waste plastic into ultra-clean, ultra-low sulphur fuel products through our proprietary plastic-to-oil, or P2O, process. Previously, our business model was the sale of fuel produced from our own P2O processors and subsequently we sought to manufacture P2O processors for sale to commercial customers. These prior experiences allowed the Company to hone and solidify its technology, however, the capital requirements were significant. For this and other reasons, management shifted its business strategy to technology development and licensing model. We no longer produce and market fuel for sale and no longer manufacture processors ourselves, instead we rely on third party manufacturers.
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  FORM 8-K
    Section 1 - Registrant's Business and Operations
      Item 1.01 Entry into a Material Definitive Agreement.
    SIGNATURE