Posted On: 10/26/2014 6:47:01 PM
Post# of 43065
I guess the Faithful and Patient believe it's just bad luck over and over and over and over.
The company supposedly has had a fully tested process since 2009 which can turn waste plastic into diesel at 90% gross margins. After blowing through $60M of investors' money through various mistakes...the company was finally on the very cusp of being at the end of the six-month-long slow startup for the third (fourth??) processor when the condensers broke and, sadly, there wasn't even $300k left to fix it.
And even though PTOI is on the very cusp, the PIPE investors which already ante'd up tens of millions of dollars won't put in a couple hundred thousand more to watch the company bloom. How tragic that so much bad luck could befall a company with the world's only highly profitable waste plastic to oil process.
Of course those of us who believe Mr. Bordynuik is just another penny stock swindler aren't surprised at how this unfolded.
The company supposedly has had a fully tested process since 2009 which can turn waste plastic into diesel at 90% gross margins. After blowing through $60M of investors' money through various mistakes...the company was finally on the very cusp of being at the end of the six-month-long slow startup for the third (fourth??) processor when the condensers broke and, sadly, there wasn't even $300k left to fix it.
And even though PTOI is on the very cusp, the PIPE investors which already ante'd up tens of millions of dollars won't put in a couple hundred thousand more to watch the company bloom. How tragic that so much bad luck could befall a company with the world's only highly profitable waste plastic to oil process.
Of course those of us who believe Mr. Bordynuik is just another penny stock swindler aren't surprised at how this unfolded.
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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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