Posted On: 06/05/2015 10:42:49 PM
Post# of 43065
So far neither Mr. Bordynuik nor PTOI have been charged with fraud related to the claims of $10/bbl oil with offers in hand of WTI-$3/bbl or even diesel. The 90% gross margin story was PTOI's entire value proposition yet was utterly fake...and still no suit directly related to that.
If any of you want to recover some of your money, Mr. Bordynuik has a lot of your money which he got by making those grandiose and bald-faced lies about the cost and price. PTOI has slowly downshifted over the years by no longer mentioning the fake numbers and by making excuses about delays, breakages, testing and whatever else would move that carrot. For a while, it was plausible to trusting investors that Mr. Bordynuik's claims were true but that delays and other external factors just prevented the incredible profits from coming to fruition.
However with Mr. Heddle recently announcing that he no longer wants to run the processors in house, you have a clear indication that the initial numbers given to investors to induce them to invest, were fake...even though investors can't go and test the process themselves to verify the numbers are fake. Given the circumstances, I'm sure any jury would be more than sympathetic to shareholders in awarding them money while disgorging Mr. Bordynuik.
You can still believe in PTOI if you want, but it wouldn't hurt to get some money back and kick at least one swindler in the head to show other swindlers that there can be consequences for defrauding investors.
If any of you want to recover some of your money, Mr. Bordynuik has a lot of your money which he got by making those grandiose and bald-faced lies about the cost and price. PTOI has slowly downshifted over the years by no longer mentioning the fake numbers and by making excuses about delays, breakages, testing and whatever else would move that carrot. For a while, it was plausible to trusting investors that Mr. Bordynuik's claims were true but that delays and other external factors just prevented the incredible profits from coming to fruition.
However with Mr. Heddle recently announcing that he no longer wants to run the processors in house, you have a clear indication that the initial numbers given to investors to induce them to invest, were fake...even though investors can't go and test the process themselves to verify the numbers are fake. Given the circumstances, I'm sure any jury would be more than sympathetic to shareholders in awarding them money while disgorging Mr. Bordynuik.
You can still believe in PTOI if you want, but it wouldn't hurt to get some money back and kick at least one swindler in the head to show other swindlers that there can be consequences for defrauding investors.
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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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