Posted On: 08/22/2014 12:24:26 PM
Post# of 43066
Maybe not everyone realizes this, but Mr. Bordynuik highly misrepresented his process as being able to make "fuel" for under $10/bbl with an offer of WTI-$3/bbl to buy it. He defrauded investors and now there has been five years of excuses why he just can't get a processor running. In doing so trying to convince shareholders that other factors are preventing the company from moving forward and not his fake claims.
Today what you shareholders own is a stake in a broken plant with the illusion that once $200k is received it will be back on track. In the meantime the insiders have shareholders looking forward full of hope to a potential sale of a processor for $8M where apparently a customer won't care whether or not the company has anything but broken processors and hasn't been able to show anything can be processed into a higher value. Any guess why there's not one customer lined up after over a year of the business plan shift?? Same reason all the "joint ventures" failed since 2009.
I don't know if another insider-led pump will occur but in aggregate any pump has a better chance of being coupled with sales of more shares than with any type of profits from the company. Everyone wants to get out on a pump but few will be able to.
...but if you're here for a potential pump, don't start pretending that PTOI's problems are anything external to PTOI to try to rationalize or convince yourself that PTOI is worthwhile.
You're invested in a company which was founded by a fraudster and the media credit accounting fraud led by Mr. Bordynuik should have woken all shareholders from their slumber. Figure out what's going on here and you'll be better off, better late than never.
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Today what you shareholders own is a stake in a broken plant with the illusion that once $200k is received it will be back on track. In the meantime the insiders have shareholders looking forward full of hope to a potential sale of a processor for $8M where apparently a customer won't care whether or not the company has anything but broken processors and hasn't been able to show anything can be processed into a higher value. Any guess why there's not one customer lined up after over a year of the business plan shift?? Same reason all the "joint ventures" failed since 2009.
I don't know if another insider-led pump will occur but in aggregate any pump has a better chance of being coupled with sales of more shares than with any type of profits from the company. Everyone wants to get out on a pump but few will be able to.
...but if you're here for a potential pump, don't start pretending that PTOI's problems are anything external to PTOI to try to rationalize or convince yourself that PTOI is worthwhile.
You're invested in a company which was founded by a fraudster and the media credit accounting fraud led by Mr. Bordynuik should have woken all shareholders from their slumber. Figure out what's going on here and you'll be better off, better late than never.
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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.
