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Posted On: 03/02/2017 5:24:24 PM
Post# of 43065
"I know it is hard to wait but we don't control oil prices, the biggest hold up to our success in getting this sold so far."
I don't remember PTOI saying oil prices were the biggest hold up. I remember the CEO saying "zoning and permit" discussions were the biggest hold up for the signing of an agreement with the anonymous partner last year. The last delay mentioned by the CEO didn't give any reason at all!
This is an eight year old "start up" company which burned through $70M of investors' money...yet has been unable to even perform a proof-of-concept. Apparently the proof-of-concept is pending...providing a customer with just the right plastic is found.
Nobody other than Mr. Heddle knows the reason for the hold up. Right now there's an unknown obstacle holding up a definitive agreement for an undefined joint venture with an anonymous partner...and that's all the information investors are being given.
I think it would be worthwhile for investors to actually e-mail the company and ask what obstacles still need to be overcome before a processor is put into profitable operation. Simply assuming that oil prices are to blame might be too optimistic or too pessimistic.
I don't remember PTOI saying oil prices were the biggest hold up. I remember the CEO saying "zoning and permit" discussions were the biggest hold up for the signing of an agreement with the anonymous partner last year. The last delay mentioned by the CEO didn't give any reason at all!
This is an eight year old "start up" company which burned through $70M of investors' money...yet has been unable to even perform a proof-of-concept. Apparently the proof-of-concept is pending...providing a customer with just the right plastic is found.
Nobody other than Mr. Heddle knows the reason for the hold up. Right now there's an unknown obstacle holding up a definitive agreement for an undefined joint venture with an anonymous partner...and that's all the information investors are being given.
I think it would be worthwhile for investors to actually e-mail the company and ask what obstacles still need to be overcome before a processor is put into profitable operation. Simply assuming that oil prices are to blame might be too optimistic or too pessimistic.
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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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