As painfully slow that RH has moved in getting a first sale done, the activity in his negotiating process with RC/Verdisyn in the last year to me has been feeling like it had real substance to it versus anything that JB ever did (remember RockTenn and the others?). If one reads the master agreement carefully, you can see the give and take of the negotiating process written into it.
I think RH may have intentionally waited to share the master agreement publicly in the 10k in order to get investors (and the bashers?) past most of the 120 day period before the first purchase order needs to be placed. PTOI has the right to terminate the master agreement if this purchase order does not occur by the end of April!
RC would be a fool not to get the first order placed soon and lose all of the "first right of refusal" opportunities in all of those southern states that I am sure are extremely important to the investors/companies interests that he is representing.
I also find it very telling that RC & company will have 18 MONTHS to run the 2 processors AFTER they have been installed & verified as functional by OBG before 62.5% of the purchase price is due to be paid! That is a big as a financial guarantee that the processors will work well that I can imagine that can reasonably be given by RH! And the MA specifies that it is on PTOI to make the processors work properly if there are any problems (can you say "here comes JB to the rescue" if necessary?).
I am quite certain that these generous terms will not apply to future sales beyond the first 2 processors. Note that the timing and amount of the processor payment requirements in the MA apply only to the initial purchase order!
I also find it fantastic that RC/Verisyn agreed that PTOI will be the ONLY source of P2O processors that they can purchase. No competition!!
I am quite sure that this master agreement is way much more real world and financially truly in PTOI's interest than the one JB agreed to with RH for "PTOI Marine" a long time ago. Note that RH was been very careful to make sure this marine agreement has been documented in every SEC filing since he took over as CEO just in case he and all others involved make PTOI a profitable company. Which is ultimately what all real parties involved want to see happen! (And I will have no issue as an PTOI investor with RC making lots of money outside of PTOI as he begins the process of cleaning up the world's oceans.)
I don't consider the bashers and any manipulating "entities" involved to be real parties involved in PTOI. In fact, I also find it beyond telling that no basher has had much of anything to say about the master agreement!!! The worst they can say at this moment is to drag up past events and harp on the current share price and the fact that a "sale" hasn't happened yet!
It will be glorious to read the update from RH (that odds are high is coming) that the initial purchase order has been placed by Verdisyn and that PTOI will be receiving $1.5 million as a down payment within 5 days of the date the purchase order was placed. Can't wait to see how the stock price moves and "is handled" then!
I think RH may have intentionally waited to share the master agreement publicly in the 10k in order to get investors (and the bashers?) past most of the 120 day period before the first purchase order needs to be placed. PTOI has the right to terminate the master agreement if this purchase order does not occur by the end of April!
RC would be a fool not to get the first order placed soon and lose all of the "first right of refusal" opportunities in all of those southern states that I am sure are extremely important to the investors/companies interests that he is representing.
I also find it very telling that RC & company will have 18 MONTHS to run the 2 processors AFTER they have been installed & verified as functional by OBG before 62.5% of the purchase price is due to be paid! That is a big as a financial guarantee that the processors will work well that I can imagine that can reasonably be given by RH! And the MA specifies that it is on PTOI to make the processors work properly if there are any problems (can you say "here comes JB to the rescue" if necessary?).
I am quite certain that these generous terms will not apply to future sales beyond the first 2 processors. Note that the timing and amount of the processor payment requirements in the MA apply only to the initial purchase order!
I also find it fantastic that RC/Verisyn agreed that PTOI will be the ONLY source of P2O processors that they can purchase. No competition!!
I am quite sure that this master agreement is way much more real world and financially truly in PTOI's interest than the one JB agreed to with RH for "PTOI Marine" a long time ago. Note that RH was been very careful to make sure this marine agreement has been documented in every SEC filing since he took over as CEO just in case he and all others involved make PTOI a profitable company. Which is ultimately what all real parties involved want to see happen! (And I will have no issue as an PTOI investor with RC making lots of money outside of PTOI as he begins the process of cleaning up the world's oceans.)
I don't consider the bashers and any manipulating "entities" involved to be real parties involved in PTOI. In fact, I also find it beyond telling that no basher has had much of anything to say about the master agreement!!! The worst they can say at this moment is to drag up past events and harp on the current share price and the fact that a "sale" hasn't happened yet!
It will be glorious to read the update from RH (that odds are high is coming) that the initial purchase order has been placed by Verdisyn and that PTOI will be receiving $1.5 million as a down payment within 5 days of the date the purchase order was placed. Can't wait to see how the stock price moves and "is handled" then!
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