Posted On: 08/22/2014 5:24:40 PM
Post# of 43066
"Are you suggesting that JBI wrote the summary or in some way influenced what SAIC wrote..."
I can explain. Mr. Bordynuik hired SAIC to provide 'validation' of commercial viability of P2O, with the scope of the work being that SAIC does the calculations based on assumptions provided to them by Mr. Bordynuik. SAIC did what they were hired to do and found that, under the assumptions provided to them by Mr. Bordynuik, Plastic2Oil was indeed commercially viable.
Then Mr. Bordynuik did another PIPE with that report in effect. A few months after the PIPE was done, the executive summary of SAIC's report was posted on the message boards and PTOI immediately put out a press release saying that the SAIC report shouldn't be relied upon. Pretty much the same thing as valuing the media credits at $10M showing the company had positive equity, doing a PIPE, then saying the financial reports couldn't be relied upon.
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I can explain. Mr. Bordynuik hired SAIC to provide 'validation' of commercial viability of P2O, with the scope of the work being that SAIC does the calculations based on assumptions provided to them by Mr. Bordynuik. SAIC did what they were hired to do and found that, under the assumptions provided to them by Mr. Bordynuik, Plastic2Oil was indeed commercially viable.
Then Mr. Bordynuik did another PIPE with that report in effect. A few months after the PIPE was done, the executive summary of SAIC's report was posted on the message boards and PTOI immediately put out a press release saying that the SAIC report shouldn't be relied upon. Pretty much the same thing as valuing the media credits at $10M showing the company had positive equity, doing a PIPE, then saying the financial reports couldn't be relied upon.
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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.
