Posted On: 07/25/2016 4:14:42 PM
Post# of 43066
Due diligence isn't magic. It's what investors do before they buy a stock, not immaterial information they stumble across during searches to pretend they know more than other investors
Here's an example: If a company says they can generate crude oil and diesel from plastic at a cost of under $10/bbl ($0.25 per gallon), an investor should ask for some evidence from the company that this is possible. That's due diligence.
A person can look at scrap plastic prices and see that at $0.20/lb for scrap plastic, it would put the cost per gallon at about $1.40, or $56/bbl, just for the cost of the plastic feedstock. Since that seems that seems inconsistent with PTOI's claims and also renders profitability virtually impossible, doing due diligence would mean the investor would ask the company to sort out that inconsistency *before* investing.
Here's an example: If a company says they can generate crude oil and diesel from plastic at a cost of under $10/bbl ($0.25 per gallon), an investor should ask for some evidence from the company that this is possible. That's due diligence.
A person can look at scrap plastic prices and see that at $0.20/lb for scrap plastic, it would put the cost per gallon at about $1.40, or $56/bbl, just for the cost of the plastic feedstock. Since that seems that seems inconsistent with PTOI's claims and also renders profitability virtually impossible, doing due diligence would mean the investor would ask the company to sort out that inconsistency *before* investing.
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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.
