(Total Views: 379)
Posted On: 12/16/2019 9:00:01 PM
Post# of 43065
So let me get this straight. Nulixo needs the government to become a customer of theirs before they become a customer of PTOI's?? That seems like a step backwards.
So is the PTOI-Nulixo agreement not "effective" unless the government awards a contract to Nulixo?? Why wasn't that previously mentioned?? It sounded like the initial payment was forthcoming.
So is Nulixo still going to ride in on a white horse and fix up all of the processors at their own expense as apparent phone calls indicated...or is that also contingent on a government contract?? Odd that the phone calls didn't uncover that caveat.
"On October 2, 2019, Plastic2Oil, Inc., a Nevada corporation (the “Company”), entered into an agreement (“Agreement”) with Nulixo, Inc. (the “Buyer”), whereby the Buyer agreed to appoint the Company as the exclusive supplier for plastic to oil processors for a period of twenty (20) years. Specifically, the Buyer agrees to purchase at least eight (
processors over a period of three (3) years, and at least one (1) to be ordered upon the effectiveness of the Agreement. Pursuant to the first purchase order, for which the company is awaiting initial funding of the purchase order, the Buyer ordered two (2) processors for Six Million Dollars ($6,000,000) with an initial payment of Three Million Dollars ($3,000,000). Any subsequent processor purchased shall be at a fixed rate of ($3,000,000). In addition, the Company has further agreed to provide monitoring and servicing services for a fee to be determined on a case by case basis."
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So is the PTOI-Nulixo agreement not "effective" unless the government awards a contract to Nulixo?? Why wasn't that previously mentioned?? It sounded like the initial payment was forthcoming.
So is Nulixo still going to ride in on a white horse and fix up all of the processors at their own expense as apparent phone calls indicated...or is that also contingent on a government contract?? Odd that the phone calls didn't uncover that caveat.
"On October 2, 2019, Plastic2Oil, Inc., a Nevada corporation (the “Company”), entered into an agreement (“Agreement”) with Nulixo, Inc. (the “Buyer”), whereby the Buyer agreed to appoint the Company as the exclusive supplier for plastic to oil processors for a period of twenty (20) years. Specifically, the Buyer agrees to purchase at least eight (
processors over a period of three (3) years, and at least one (1) to be ordered upon the effectiveness of the Agreement. Pursuant to the first purchase order, for which the company is awaiting initial funding of the purchase order, the Buyer ordered two (2) processors for Six Million Dollars ($6,000,000) with an initial payment of Three Million Dollars ($3,000,000). Any subsequent processor purchased shall be at a fixed rate of ($3,000,000). In addition, the Company has further agreed to provide monitoring and servicing services for a fee to be determined on a case by case basis." .
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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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