"If he really was making oil with the early proces
Post# of 43066
Posted On: 05/11/2014 11:31:07 AM
"If he really was making oil with the early processor prototypes for less than $10/barrel but they were small scale, could only run short periods of time, output poor quality fuel and it broke down often... was he lying?"
It was the first commercial processor which Mr. Bordynuik purchased for $80,000 from Donghe which he tested and said it could produce 109 barrels per day of oil for under $10/bbl and said that he had an offer from Somerset Refinery to purchase that oil for WTI-$3 or around $70/bbl at that time. As I said, he even gave out fuel samples which were found to work in a lawnmower. Mr. Bordynuik was absolutely clear on what he was communicating to shareholders.
So at what point did all of that break down and why didn't Mr. Bordynuik tell shareholders that the very essence of P2O's value was no longer valid??
People need to understand that the billion dollar concept (it if were true, even I would believe it would be worth billions) with P2O was that fuel could supposedly made for under $10/bbl and sold for at least north of $70/bbl. That's the big, big value. If that's compromised, the value of P2O is compromised. If it's compromised to the point where what comes out of the processor isn't worth more than the feedstock going in, P2O is worth zero. It's worth zero to run and the processor is worth zero to potential customers.
It was the first commercial processor which Mr. Bordynuik purchased for $80,000 from Donghe which he tested and said it could produce 109 barrels per day of oil for under $10/bbl and said that he had an offer from Somerset Refinery to purchase that oil for WTI-$3 or around $70/bbl at that time. As I said, he even gave out fuel samples which were found to work in a lawnmower. Mr. Bordynuik was absolutely clear on what he was communicating to shareholders.
So at what point did all of that break down and why didn't Mr. Bordynuik tell shareholders that the very essence of P2O's value was no longer valid??
People need to understand that the billion dollar concept (it if were true, even I would believe it would be worth billions) with P2O was that fuel could supposedly made for under $10/bbl and sold for at least north of $70/bbl. That's the big, big value. If that's compromised, the value of P2O is compromised. If it's compromised to the point where what comes out of the processor isn't worth more than the feedstock going in, P2O is worth zero. It's worth zero to run and the processor is worth zero to potential customers.
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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.