"Well, when someone calls John Bordynuik nasty nam
Post# of 43066
Posted On: 05/10/2014 11:06:07 AM
"Well, when someone calls John Bordynuik nasty names and demeans his character and efforts, then it IS personal and toxic. Bordynuik has worked harder and longer to get here with P3 than all of those clowns' have ever worked, combined. How dare they slander and make libelous statements without consequence. Shame on them. "
I guess I haven't seen much of that but Mr. Bordynuik was charged with accounting fraud by the SEC. It's worth a read for anyone who thinks he's a man of high integrity ( http://www.sec.gov/litigation/complaints/2012/comp22220.pdf ) and Mr. Bordynuik did lie about being able to produce a crude oil equivalent for less than $10/bbl. A lot of investors relied on Mr. Bordynuik's statements and lost a boatload of money as a result. You can imagine why some people might be mad.
I also find it hard to imagine that Mr. Bordynuik put in so much hard work into JBI. Per that deposition, Mr. Bordynuik sold JBI shares and purchased a motel which needed to be rehabbed because he apparently had too much time on his hands in addition to his responsibilities in trying to start up P2O. That doesn't sound to me like someone who cares very much about trying to get P2O off the ground. It's been over five years since all he had to do was start a pyrolysis machine and pour in his secret catalyst. Even with promises of cash flow positive well over a year ago, the company appears to be dead in the water.
Even if Mr. Bordynuik did work tirelessly on something, does that make up for him lying to investors? I'm sure many of those investors worked tirelessly to earn the money which they invested with Mr. Bordynuik based on his fake claims of $10/bbl oil which was represented as having an offer for near the price of West Texas Intermediate crude.
I guess I haven't seen much of that but Mr. Bordynuik was charged with accounting fraud by the SEC. It's worth a read for anyone who thinks he's a man of high integrity ( http://www.sec.gov/litigation/complaints/2012/comp22220.pdf ) and Mr. Bordynuik did lie about being able to produce a crude oil equivalent for less than $10/bbl. A lot of investors relied on Mr. Bordynuik's statements and lost a boatload of money as a result. You can imagine why some people might be mad.
I also find it hard to imagine that Mr. Bordynuik put in so much hard work into JBI. Per that deposition, Mr. Bordynuik sold JBI shares and purchased a motel which needed to be rehabbed because he apparently had too much time on his hands in addition to his responsibilities in trying to start up P2O. That doesn't sound to me like someone who cares very much about trying to get P2O off the ground. It's been over five years since all he had to do was start a pyrolysis machine and pour in his secret catalyst. Even with promises of cash flow positive well over a year ago, the company appears to be dead in the water.
Even if Mr. Bordynuik did work tirelessly on something, does that make up for him lying to investors? I'm sure many of those investors worked tirelessly to earn the money which they invested with Mr. Bordynuik based on his fake claims of $10/bbl oil which was represented as having an offer for near the price of West Texas Intermediate crude.
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