Posted On: 02/18/2016 12:21:27 PM
Post# of 43064
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"As previously reported, the Company Plastic2Oil, Inc. (the “Company”) entered into four related agreements with EcoNavigation, LLC (“EcoNavigation”) in connection with the supply of plastic-to-oil, or P2O, processors by the Company to EcoNavigation. As of January 27, 2016, such agreements expired and were not renewed by the parties, however, the parties continue to pursue joint opportunities for the sale of processors to third parties."
I can just feel some of the longs here bristling, ready to defend the company against anyone who says anything negative...but take a look at what PTOI just announced. They had that EcoNav carrot up for almost fourteen months! Now, with absolutely no explanation whatsoever, the agreement is terminated. Don't you investors feel you deserve to know why EcoNav fell apart after being PTOI's only focus for over a year?? PTOI was so busy, busy, busy, busy with EcoNav that they couldn't even hold a shareholders' meeting yet there's no information to share?? You shareholders collectively own PTOI and Mr. Heddle works for you--don't you feel you deserve answers from PTOI??
I can just feel some of the longs here bristling, ready to defend the company against anyone who says anything negative...but take a look at what PTOI just announced. They had that EcoNav carrot up for almost fourteen months! Now, with absolutely no explanation whatsoever, the agreement is terminated. Don't you investors feel you deserve to know why EcoNav fell apart after being PTOI's only focus for over a year?? PTOI was so busy, busy, busy, busy with EcoNav that they couldn't even hold a shareholders' meeting yet there's no information to share?? You shareholders collectively own PTOI and Mr. Heddle works for you--don't you feel you deserve answers from PTOI??
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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.