Posted On: 09/17/2014 2:55:16 PM
Post# of 43065
Goord, I'm interested to know, as you are apparently someone looking at investing in the stock, why you don't believe that the needed feedstock will cost around $800/ton rendering the 'technology' no better than any other pyrolysis process. Have you looked at all at market prices for scrap HDPE, PP and LDPE?? Do you generally see offers and asking prices of around $0.40/lb??
It would be great to get your perspective as a prospective investor. What do you think about Mr. Bordynuik lying about being able to make fuel for under $10/bbl with offers to buy it for WTI-$3, or currently around $90/bbl??
Further, the founder of this 'technology' was charged with accounting fraud by the SEC, which you can read about here: http://www.sec.gov/litigation/complaints/2012/comp22220.pdf
...where it shows Mr. Bordynuik knew the accounting was fraudulent but took steps to hire an auditor and even kept that auditor after the auditor landed in jail. Mr. Bordynuik paid for the auditor's criminal representation just to get the auditor to sign off on PTOI's fraudulent SEC documents.
The SEC showed that Mr. Bordynuik is highly dishonest. The OSC followed suit.
Why, after seeing the founder make fake claims about the capabilities of a secret catalyst used with pyrolysis and further seeing that person get charged with fraud for accounting...would you consider putting money into PTOI?? Are you hoping for a pump or do you genuinely feel there's something valuable about the secret catalyst and processor despite the math showing otherwise and despite the misrepresentations by its founder??
.
It would be great to get your perspective as a prospective investor. What do you think about Mr. Bordynuik lying about being able to make fuel for under $10/bbl with offers to buy it for WTI-$3, or currently around $90/bbl??
Further, the founder of this 'technology' was charged with accounting fraud by the SEC, which you can read about here: http://www.sec.gov/litigation/complaints/2012/comp22220.pdf
...where it shows Mr. Bordynuik knew the accounting was fraudulent but took steps to hire an auditor and even kept that auditor after the auditor landed in jail. Mr. Bordynuik paid for the auditor's criminal representation just to get the auditor to sign off on PTOI's fraudulent SEC documents.
The SEC showed that Mr. Bordynuik is highly dishonest. The OSC followed suit.
Why, after seeing the founder make fake claims about the capabilities of a secret catalyst used with pyrolysis and further seeing that person get charged with fraud for accounting...would you consider putting money into PTOI?? Are you hoping for a pump or do you genuinely feel there's something valuable about the secret catalyst and processor despite the math showing otherwise and despite the misrepresentations by its founder??
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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.
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