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Posted On: 10/17/2019 8:24:10 AM
Post# of 43065
PTOI founder Mr. Bordynuik wrote that it was economically viable??...well if he says that then it must be true.
Mr. Bordynuik also said each processors could produce 109 barrels per day (and then doubled that to 218 bbls) of fuel for under $10/bbl for which he said he had offers from refineries to purchase for WTI-$3. That's 80-90% gross margins!!
Unfortunately customers don't appear to believe that it's economically viable and the current CEO Mr. Heddle doesn't seem to believe it's economically viable either. Nobody will put money toward it and Mr. Heddle won't pay a paltry sum to fix the pipes.
Not even Mr. Bordynuik seemed to believe his own story. In the court deposition he was selling his shares. He's not bumping his shares up to a mere $150k worth either because no 13G's have been filed.
The only ones who still seem to believe the story are shareholders and they're not customers of the processor.
So how can PTOI get others to believe this amazing, amazing story so processors will start flying off the shelves?? What a conundrum.
Me...out of purpose??!! I've got news--investors don't listen to me. I've been out of purpose here for a long time. I'm pretty sure the reason why my article from years ago dropped PTOI from about $1.40 down about 25% to around $1 was that I pointed out the fraud suit against PTOI in my article. PTOI itself didn't disclose that material event when it occurred.
On a number of stocks, I've pointed out where the math simply doesn't work and other discrepancies but penny stock investors only get mad...and sometimes vow to buy more just out of spite as they dig in their heels and start defending their investment. However I haven't been wrong yet.
But I don't mind prattling on about injustice...even if my posts only stay up temporarily.
Mr. Bordynuik also said each processors could produce 109 barrels per day (and then doubled that to 218 bbls) of fuel for under $10/bbl for which he said he had offers from refineries to purchase for WTI-$3. That's 80-90% gross margins!!
Unfortunately customers don't appear to believe that it's economically viable and the current CEO Mr. Heddle doesn't seem to believe it's economically viable either. Nobody will put money toward it and Mr. Heddle won't pay a paltry sum to fix the pipes.
Not even Mr. Bordynuik seemed to believe his own story. In the court deposition he was selling his shares. He's not bumping his shares up to a mere $150k worth either because no 13G's have been filed.
The only ones who still seem to believe the story are shareholders and they're not customers of the processor.
So how can PTOI get others to believe this amazing, amazing story so processors will start flying off the shelves?? What a conundrum.
Me...out of purpose??!! I've got news--investors don't listen to me. I've been out of purpose here for a long time. I'm pretty sure the reason why my article from years ago dropped PTOI from about $1.40 down about 25% to around $1 was that I pointed out the fraud suit against PTOI in my article. PTOI itself didn't disclose that material event when it occurred.
On a number of stocks, I've pointed out where the math simply doesn't work and other discrepancies but penny stock investors only get mad...and sometimes vow to buy more just out of spite as they dig in their heels and start defending their investment. However I haven't been wrong yet.
But I don't mind prattling on about injustice...even if my posts only stay up temporarily.
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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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