Posted On: 01/30/2015 12:37:45 AM
Post# of 43065
I can see how people might have initially given Mr. Bordynuik the benefit of the doubt, especially if they haven't had much experience with penny stocks. Most people in the world are honest, upright people--they say things and they keep their word. Why would anyone believe Mr. Bordynuik would be any different even if his claims were incredible??
However over time, Mr. Bordynuik has shown he is anything but. He's a despicable swindler and I don't think there's an honest bone in his body. The SEC bringing him up on accounting fraud charges and the corresponding published investigation should have alerted all shareholders to that fact. If not that then Mr. Bordynuik's lying about having an offer from Somerset Refinery after it was shut down or lying about commercial operations should have been enough for investors to take notice that he's not an honest person.
Mr. Heddle now has taken the reigns and has shown that ethics don't rank anywhere near his top ten priorities either. He literally announced that he would provide transparency and promised mid-quarter updates...and then let investors go on thinking for half a year that production was ramping up while the plant was kaput. Think about that for a minute.
You are invested in a scam stock. If you think about it you will realize why for six years you've never been told what exactly went into the processor at what cost and what exactly came out. You have no idea if there is any value added. Mr. Bordynuik's fantastical claims of $10/bbl cost and WTI-$3 sales were simply a fabrication made by a con man so he could extract dollars from anyone who believed him.
PTOI isn't the first scam stock in the pinks and it won't be the last. At least recognize that penny stock scams do exist and be more careful as you head off to invest in your next penny stock.
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However over time, Mr. Bordynuik has shown he is anything but. He's a despicable swindler and I don't think there's an honest bone in his body. The SEC bringing him up on accounting fraud charges and the corresponding published investigation should have alerted all shareholders to that fact. If not that then Mr. Bordynuik's lying about having an offer from Somerset Refinery after it was shut down or lying about commercial operations should have been enough for investors to take notice that he's not an honest person.
Mr. Heddle now has taken the reigns and has shown that ethics don't rank anywhere near his top ten priorities either. He literally announced that he would provide transparency and promised mid-quarter updates...and then let investors go on thinking for half a year that production was ramping up while the plant was kaput. Think about that for a minute.
You are invested in a scam stock. If you think about it you will realize why for six years you've never been told what exactly went into the processor at what cost and what exactly came out. You have no idea if there is any value added. Mr. Bordynuik's fantastical claims of $10/bbl cost and WTI-$3 sales were simply a fabrication made by a con man so he could extract dollars from anyone who believed him.
PTOI isn't the first scam stock in the pinks and it won't be the last. At least recognize that penny stock scams do exist and be more careful as you head off to invest in your next penny stock.
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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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