You might say that was only a 'goal' to produce at near capacity, 109 bbls/day or around 20 tons per day, but Mr. Bordynuik was pretty clear about how much could and would be processed.
"It’s a low initial cost per machine, which approximates around 80K. It can process about 20 metric tons of mixed plastics everyday. We are still at about 125 barrels a day and at the west, WTI the — I think it’s about $71 a barrel right now today. We clear $68 with delivery charges in and the clear is about $2.2 million per site. We are doing that business plan on a mass of land rush with our management team, which is good at high-growth models."
- John Bordynuik
http://www.wallstreetreporter.com/2009/12/jbi...interview/
"It's actually a fairly small footprint. It converts 20 tons of waste plastic into 109 barrels of fuel per day.”
- John Bordynuik
http://buffalo.twcnews.com/content/news/54478...=&ap=1
Again, there was no reason for investors to believe that a processor couldn't operate at the designed throughput. Mr. Bordynuik never cautioned investors that operating at the designed 109 bbls/day was "a bad idea."
Every single shareholder was fooled...and you're saying, "That's their own fault." For some reason you think all shareholders are stupid and Mr. Bordynuik isn't to blame at all, because that was just his goal. I suspect some people might beg to differ with you.
"It’s a low initial cost per machine, which approximates around 80K. It can process about 20 metric tons of mixed plastics everyday. We are still at about 125 barrels a day and at the west, WTI the — I think it’s about $71 a barrel right now today. We clear $68 with delivery charges in and the clear is about $2.2 million per site. We are doing that business plan on a mass of land rush with our management team, which is good at high-growth models."
- John Bordynuik
http://www.wallstreetreporter.com/2009/12/jbi...interview/
"It's actually a fairly small footprint. It converts 20 tons of waste plastic into 109 barrels of fuel per day.”
- John Bordynuik
http://buffalo.twcnews.com/content/news/54478...=&ap=1
Again, there was no reason for investors to believe that a processor couldn't operate at the designed throughput. Mr. Bordynuik never cautioned investors that operating at the designed 109 bbls/day was "a bad idea."
Every single shareholder was fooled...and you're saying, "That's their own fault." For some reason you think all shareholders are stupid and Mr. Bordynuik isn't to blame at all, because that was just his goal. I suspect some people might beg to differ with you.
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.
