"The Company had to shut down its production late in the fourth quarter of 2013 due to severe cold weather that caused damage to condensers and other components of our processors. Management estimates that the repair of the processors will require the expenditure of between $175,000 and $200,000. At August 14,, 2014, we lacked the working capital or access to bank credit to make these repairs."

Neither the founder nor Mr. Heddle are dumb enough to put up the cash. I'm pretty certain no bank will lend PTOI the money to make repairs--I don't think there's anything in the company worth that much for collateral. Any money will have to come from investors.

So about eight months so far. 2014 can be know as the year the plant was down at PTOI.

2009: The year needed to procure the processor from Donghe.
2010: The year needed to get the simple air permit. (actual time: 20 days)
2011: The year of tinkerfarking (but not disclosed until November 2011)
2012: The year of working toward cash flow positive
2013: The year of the slow startup of the flagship processor
2014: The year the plant was out of commission due to some welds breaking

Well, Q2 is now out of the way. Now the company needs to get investors to part with more money. It's for a revolutionary technology, don't you know.
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