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Posted On: 01/01/2021 10:25:21 AM
Post# of 43065
2021! PTOI has survived, nay, thrived into yet another year! Sure there may not have been any operations since 2013 and the company stopped reporting but things are probably happening behind the scenes!
In good news, PTOI did get recent (2018) financing from the two directors to fix one of the processors. There are probably long lead times in getting everything aligned to fix those processors but rest assured that CEO Mr. Heddle will not rest until it's done!
"The Company secured additional debt financing commitments from two current directors for approximately $250,000 for the intended use of initially restarting one of its processors in such a way that should allow the Company to process used oils and film plastics."
Let's give Mr. Heddle the benefit of doubt--if the processors aren't fixed by 2025 then shareholders should send a strongly worded letter to Mr. Heddle, politely requesting an update.
In good news, PTOI did get recent (2018) financing from the two directors to fix one of the processors. There are probably long lead times in getting everything aligned to fix those processors but rest assured that CEO Mr. Heddle will not rest until it's done!
"The Company secured additional debt financing commitments from two current directors for approximately $250,000 for the intended use of initially restarting one of its processors in such a way that should allow the Company to process used oils and film plastics."
Let's give Mr. Heddle the benefit of doubt--if the processors aren't fixed by 2025 then shareholders should send a strongly worded letter to Mr. Heddle, politely requesting an update.
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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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