"8 or 9 Million is a fantastic figure. It would ta
Post# of 43064
Posted On: 03/19/2014 2:50:28 PM
"8 or 9 Million is a fantastic figure. It would take 600 quarters or 150 years for a customer to recoup their investment. Do the math and correct me if I am wrong. 150 YEARS. That is without Cost of Capital."
I may not correct you...but I'm going to add a word of caution in relying on numbers from Mr. Bordynuik. You can see in 3Q2011 where he fudged the cost of goods. You can see where the depreciation in cost of goods lately is de minimis compared to the capitalized expenses. You can see how numbers are regularly fudged or massaged and even see where Mr. Bordynuik was charged with accounting fraud by the SEC. Do you trust that the true gross margins, even without depreciation, are positive??
I may not correct you...but I'm going to add a word of caution in relying on numbers from Mr. Bordynuik. You can see in 3Q2011 where he fudged the cost of goods. You can see where the depreciation in cost of goods lately is de minimis compared to the capitalized expenses. You can see how numbers are regularly fudged or massaged and even see where Mr. Bordynuik was charged with accounting fraud by the SEC. Do you trust that the true gross margins, even without depreciation, are positive??
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(0)Plastic2Oil, Inc. (PTOI) Stock Research Links
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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