Going over assumptions just makes us spin our whee
Post# of 43066
Posted On: 03/20/2014 12:20:10 AM
Going over assumptions just makes us spin our wheels. If you take anything Mr. Bordynuik says as gospel, you're also doing yourself a disservice.
Mr. Bordynuik said he was going to deliver third party fuel to customers a while back but he tries to suggest all the sales are from pyrolysis. We can swim through this forever trying to figure out where Mr. Bordynuik is being forthright and where he's lying and we can try to connect the dots in any number of ways. At some point it's good to back away from all the red herrings and get back to the basics.
The crux: Does Mr. Bordynuik's pyrolysis process take any sort of plastic and produce a liquid which is actually being sold for a higher price than the plastic being processed?? Nobody knows any facts and Mr. Bordynuik isn't talking.
For an unrelated example, if I had a company with a commercially viable pyrolysis process that took 2,000 tons of plastic costing $400,000 per quarter and converted that plastic to 500,000 gallons of pure diesel which passed AMSPEC specifications, I would unambiguously report to shareholders that the process takes 2,000 tons of plastic costing $400,000 per quarter and converted that plastic to 500,000 gallons of pure diesel which passed AMSPEC specifications. I would say it multiple times in a clear unambiguous fashion. If it was true, I wouldn't worry about going to jail or being sued for fraud.
With Mr. Bordynuik, you see dancing and dancing and dancing. Publicly he will say that the process takes unwashed plastic and publicly he will say that he's wiped out all agricultural plastic in the Niagara area...but privately he will tell Madison County that he won't accept agricultural plastic which is unwashed because he can't process it. Mr. Bordynuik has been a liar from the very beginning. He's bald-faced lied about everything from patents to commercial production. When you start to take his words as gospel and build a hypothesis around those words, you're not doing your portfolio any favors--you're buying Cadillac Escalades for his kids.
Mr. Bordynuik said he was going to deliver third party fuel to customers a while back but he tries to suggest all the sales are from pyrolysis. We can swim through this forever trying to figure out where Mr. Bordynuik is being forthright and where he's lying and we can try to connect the dots in any number of ways. At some point it's good to back away from all the red herrings and get back to the basics.
The crux: Does Mr. Bordynuik's pyrolysis process take any sort of plastic and produce a liquid which is actually being sold for a higher price than the plastic being processed?? Nobody knows any facts and Mr. Bordynuik isn't talking.
For an unrelated example, if I had a company with a commercially viable pyrolysis process that took 2,000 tons of plastic costing $400,000 per quarter and converted that plastic to 500,000 gallons of pure diesel which passed AMSPEC specifications, I would unambiguously report to shareholders that the process takes 2,000 tons of plastic costing $400,000 per quarter and converted that plastic to 500,000 gallons of pure diesel which passed AMSPEC specifications. I would say it multiple times in a clear unambiguous fashion. If it was true, I wouldn't worry about going to jail or being sued for fraud.
With Mr. Bordynuik, you see dancing and dancing and dancing. Publicly he will say that the process takes unwashed plastic and publicly he will say that he's wiped out all agricultural plastic in the Niagara area...but privately he will tell Madison County that he won't accept agricultural plastic which is unwashed because he can't process it. Mr. Bordynuik has been a liar from the very beginning. He's bald-faced lied about everything from patents to commercial production. When you start to take his words as gospel and build a hypothesis around those words, you're not doing your portfolio any favors--you're buying Cadillac Escalades for his kids.
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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.