Posted On: 01/18/2016 8:03:06 AM
Post# of 43065
Every investor is here because the founder of John Bordynuik, inc.'s (later renamed Plastic2Oil) claims of having invented an $80,000 pyrolysis processor that could make 115 bbl of oil per day for under $10/bbl with offers in hand to buy that oil for WTI-$3...which was around $80/bbl at the time.
You can see how founder Mr. Bordynuik was charged with securities fraud by the SEC and OSC for putting worthless 'media credits' on the books for a value of $10M. Do you think it's more likely that Mr. Bordynuik really did invent the world's best version of pyrolysis which was so great that it yielded around 90% gross margins, while nobody else ever came close to making pyrolysis remotely profitlable??...or do think it's more likely that Mr. Bordynuik lied about those claims in addition to cooking the books?? Does his dishonesty stop at accounting...or might he have lied about other things??
Both the OSC and the SEC showed investors that Mr. Bordynuik could be sued directly and that PTOI didn't shield that liability. If you want your investment back, you need to go directly after its founder, who took millions of dollars of your money, not after the company which is broke. If you don't take any action, your hard-earned investment money you lost in PTOI won't come walking back to you.
If you've already sold your shares, you can still sue for fraud.
You can see how founder Mr. Bordynuik was charged with securities fraud by the SEC and OSC for putting worthless 'media credits' on the books for a value of $10M. Do you think it's more likely that Mr. Bordynuik really did invent the world's best version of pyrolysis which was so great that it yielded around 90% gross margins, while nobody else ever came close to making pyrolysis remotely profitlable??...or do think it's more likely that Mr. Bordynuik lied about those claims in addition to cooking the books?? Does his dishonesty stop at accounting...or might he have lied about other things??
Both the OSC and the SEC showed investors that Mr. Bordynuik could be sued directly and that PTOI didn't shield that liability. If you want your investment back, you need to go directly after its founder, who took millions of dollars of your money, not after the company which is broke. If you don't take any action, your hard-earned investment money you lost in PTOI won't come walking back to you.
If you've already sold your shares, you can still sue for fraud.
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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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