Does anyone remember the "mid-quarter updates" which current CEO, Mr. Heddle, promised?? Where are those updates now that quarter after quarter goes by with no results whatsoever?? Can you guess why Mr. Heddle isn't telling investors what hurdles need to be overcome before sales can occur?? Is it reasonable to assume that since Mr. Heddle misled investors about production two years ago--that he might also be trying to swindle investors by implying that processor sales are still moving forward??

Almost five years ago, I pointed out that the math doesn't work on converting plastic to oil. Compare the price of scrap plastic to the price of any petro-product, including diesel. There are people who lost thousands of dollars, or even hundreds of thousands of dollars, all because they were too stubborn to go through that math. Founder Mr. Bordynuik simply swindled investors by representing he could get the plastic he needed for free because it was "waste" and convert that to a crude oil equivalent or even diesel at $10/bbl.

If anyone knows the inside of PTOI, my guess would be that diesel sales did occur a few years ago...but that it was diesel purchased from a wholesaler through Robbin's Feed and Fuel operations, owned by PTOI, and re-sold. PTOI's SEC filings are very vague but try hard to imply that diesel was produced from plastic being run through the processors and sold. I would bet my money that third party fuel was purchased and then sold to customers prop up PTOI's revenues in order to falsely suggest that the processors were producing salable fuel--you investors were simply swindled. I know Mr. Bordynuik's dishonesty isn't limited to accounting fraud--he's a bad egg all around.