Here's a simple construct...why would Mr. Bordynui
Post# of 43066
Posted On: 06/07/2014 2:39:57 PM
Here's a simple construct...why would Mr. Bordynuik spend invested funds to build a processor rather than just immediately pocketing those funds??
It's not a hard concept. Basically a prop will bring in much more money than simply telling investors about it.
A snake oil salesman might be a swindler but if he stands at a booth and asks people to pay for an invisible bottle of air, he will have much less success than if he actually spends money to buy a few bottles and fills them with swamp water first.
Likewise spending some of investors' money to file the 10-K rather than shutting it down and pocketing the money indicates that he feels he can get more money out of investors and a further delay with that 'investment' in the 10-K. He's already holding out his hand for the $200k to fix the condenser...and an implied additional infusion for working capital.
Note that neither Mr. Bordynuik nor Mr. Heddle are willing to invest $200k for an additional stake in the company and they can pretty much set their price for a PIPE...but I'll admit if they did, I would suspect it's another 'prop' but it's telling that six months went by and they're still looking around nonchalantly and whistling. The only way to know for sure is to get credible evidence from JBI that the P2O process can actually transform some feedstock into something more valuable.
It's not a hard concept. Basically a prop will bring in much more money than simply telling investors about it.
A snake oil salesman might be a swindler but if he stands at a booth and asks people to pay for an invisible bottle of air, he will have much less success than if he actually spends money to buy a few bottles and fills them with swamp water first.
Likewise spending some of investors' money to file the 10-K rather than shutting it down and pocketing the money indicates that he feels he can get more money out of investors and a further delay with that 'investment' in the 10-K. He's already holding out his hand for the $200k to fix the condenser...and an implied additional infusion for working capital.
Note that neither Mr. Bordynuik nor Mr. Heddle are willing to invest $200k for an additional stake in the company and they can pretty much set their price for a PIPE...but I'll admit if they did, I would suspect it's another 'prop' but it's telling that six months went by and they're still looking around nonchalantly and whistling. The only way to know for sure is to get credible evidence from JBI that the P2O process can actually transform some feedstock into something more valuable.
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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.