Posted On: 10/23/2014 7:37:03 AM
Post# of 43066
Everything was overpaid for starting with Bordynuik buying now closed recycling centers, other worthless companies, nepotism jobs, trips to Africa and abroad, etc.
Bordynuik blew millions of dollars and overspent wildly on just about everything he touched because it was free shareholder money.
Too funny.
The subsequent CEO's paid a few cents more per pound on feedstock because Bordynuiks machines kept breaking down and not handling the 'free' plastic he claimed it could handle and they get skewered.
Yes, that's the gist of this companies current financial problems. Overpaid feedstock. Good lord.
Let's focus only on that and ignore the tens of millions Bordynuik blew through.
Bordynuik blows tens of millions of dollars over three years on now closed, or defunct operations
vs.
A few extra pennies per pound of feedstock the subsequent CEO's paid over approximately the next year because Bordynuik failed to be able to get the machines to run on his claimed 'free' feedstock process.
Makes complete sense.
Bordynuik blew millions of dollars and overspent wildly on just about everything he touched because it was free shareholder money.
Too funny.
The subsequent CEO's paid a few cents more per pound on feedstock because Bordynuiks machines kept breaking down and not handling the 'free' plastic he claimed it could handle and they get skewered.
Yes, that's the gist of this companies current financial problems. Overpaid feedstock. Good lord.
Let's focus only on that and ignore the tens of millions Bordynuik blew through.
Bordynuik blows tens of millions of dollars over three years on now closed, or defunct operations
vs.
A few extra pennies per pound of feedstock the subsequent CEO's paid over approximately the next year because Bordynuik failed to be able to get the machines to run on his claimed 'free' feedstock process.
Makes complete sense.
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