Posted On: 04/17/2015 2:07:49 PM
Post# of 43065
For Golfgod and others who still believe that the company can produce fuel for under $10/bbl which has a market value of around $100/bbl or even $50/bbl...think it through. If the 80%-90% gross margins were really true, it really doesn't matter what business plan would be pursued as they would virtually all be successful. They could almost set up processors in supermarkets and have shoppers bring in plastic--sarcasm but you see the point.
PTOI has had six years of excuses why they just couldn't throw the switch on any of the three plastic-eating, diesel-spitting monsters. Bad feedstock, feedstock left out in the rain, taking the processor offline to enhance the design for more throughput, using HTF to enhance the throughput, the slowest start up for any piece of equipment in history (six months) followed by another six months of breakage due to freeze damage, etc..., etc... ...and every excuse comes with one- to two-quarter delay. It takes them three months to realize they have bad feedstock...every single time?!.
If the process could do anything useful, fixing and getting a processor online would be of the absolute highest priority, not put on the back burner. The business plan didn't change itself, Mr. Heddle made that decision. Either he hates money and also wants to deny shareholders any return...or the process isn't profitable...just like all other pyrolysis processes today--unremarkable and not revolutionary. Mr. Bordynuik and the company initially fraudulently misrepresented the process and the company continues to hide the truth about how well the process actually works.
PTOI has had six years of excuses why they just couldn't throw the switch on any of the three plastic-eating, diesel-spitting monsters. Bad feedstock, feedstock left out in the rain, taking the processor offline to enhance the design for more throughput, using HTF to enhance the throughput, the slowest start up for any piece of equipment in history (six months) followed by another six months of breakage due to freeze damage, etc..., etc... ...and every excuse comes with one- to two-quarter delay. It takes them three months to realize they have bad feedstock...every single time?!.
If the process could do anything useful, fixing and getting a processor online would be of the absolute highest priority, not put on the back burner. The business plan didn't change itself, Mr. Heddle made that decision. Either he hates money and also wants to deny shareholders any return...or the process isn't profitable...just like all other pyrolysis processes today--unremarkable and not revolutionary. Mr. Bordynuik and the company initially fraudulently misrepresented the process and the company continues to hide the truth about how well the process actually works.
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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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