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Posted On: 04/28/2017 9:20:08 AM
Post# of 43065
"On April 24, 2009, John Bordynuik purchased 40,250,000 shares of Company common stock, representing 63.19% voting interest from our President and Chief Executive Officer, Nicole Wright."
PTOI just finished another lap around the calendar, still without providing a shred of evidence that its version of pyrolysis is any better than regular pyrolysis. Now PTOI is starting its ninth year since Mr. Bordynuik purchased controlling interest in the shell stock which he ultimately renamed "Plastic2Oil Inc.," purporting to be able to make crude oil for under $10/bbl for which the founder said the company had offers for $3/bbl under prevailing oil prices..
The current carrot is an memorandum of understanding signed eight months ago which investors hope will turn into a definitive agreement and then ultimately lead to the sale of a processor.
The company still maintains it lacks its estimated $175k to $200k to fix the freeze damage on the piping. The $600k recently received by issuing notes to private investors, vanished into SG&A. In addition, CEO Mr. Heddle said it would now take an additional $300k to resume operations of the processors if the processors were to be fixed. No word was mentioned on how big of a bolus of cash would have to be infused into PTOI before $500k would be allocated toward fixing and starting the processors.
PTOI just finished another lap around the calendar, still without providing a shred of evidence that its version of pyrolysis is any better than regular pyrolysis. Now PTOI is starting its ninth year since Mr. Bordynuik purchased controlling interest in the shell stock which he ultimately renamed "Plastic2Oil Inc.," purporting to be able to make crude oil for under $10/bbl for which the founder said the company had offers for $3/bbl under prevailing oil prices..
The current carrot is an memorandum of understanding signed eight months ago which investors hope will turn into a definitive agreement and then ultimately lead to the sale of a processor.
The company still maintains it lacks its estimated $175k to $200k to fix the freeze damage on the piping. The $600k recently received by issuing notes to private investors, vanished into SG&A. In addition, CEO Mr. Heddle said it would now take an additional $300k to resume operations of the processors if the processors were to be fixed. No word was mentioned on how big of a bolus of cash would have to be infused into PTOI before $500k would be allocated toward fixing and starting the processors.
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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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