Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. Stock Boards ›
  4. Plastic2Oil, Inc. (PTOI) Message Board

There's something called the "Dirt Pile Swindle" o

Message Board Public Reply | Private Reply | Keep | Replies (2)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 43066
Posted On: 05/08/2014 6:37:40 PM
Avatar
Posted By: PaperProphet
Re: stocker11 #7791
There's something called the "Dirt Pile Swindle" of yesteryear where swindlers would convince investors that they found a gold mine chock full of gold. They would use investors' money to buy equipment but mostly pay themselves handsomely. In the end they would report to investors that it just didn't pan out despite their best efforts and off they would go with their pockets lined with cash.

At what point is that a swindle??...when they represented that there was value in their operation when they had no reasonable basis for believe it to be true. Sure, for all the swindlers knew, maybe they would start digging and they would strike a lode. But did they have a rational basis or did they make that up??

You can decide whether or not Mr. Bordynuik had any reasonable basis for saying that he could make fuel for under $10/bbl for which refineries had offered him WTI-$3...or even whether he had any reasonable basis for saying his secret catalyst made the process of pyrolysis any more valuable.

For the dirt pile swindle, sure it's possible that the person running it had good intentions and was merely a quixotic idiot who really believed that there was gold in the area because he saw the end of a rainbow over the area...but then why didn't that person share his 'evidence' with his investors so they could better evaluate whether he was rational or just plain dumb?? Why would he hide any of his perceived evidence of value??


(0)
(0)




Plastic2Oil, Inc. (PTOI) Stock Research Links


  1.  
  2.  


  3.  
  4.  
  5.  


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.




Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us