In Stocker11's defense, Stocker11 was just repeating what Mr. Bordynuik said with a assumption that "next few years" meant two years.
The original article from 2009 with Mr. Bordynuik's quote is gone with the exception of what's been cached. The below quote from Mr. Bordynuik will eventually disappear forever. I'm sure hard core longs will be delighted to hear that because that's more negative 'ancient history' which will be hidden from future marks.
"For P2O, which is one division I haven’t talked it, which is probably the biggest homerun of our company, is really in addition to the fixed cost and the clustering capabilities, we have in-house a catalyst, which is key. So, the catalyst that’s now been optimized and developed here basically allows us to convert waste unwashed plastics to fuel. 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. So, our plan is to launch 2,500 sites over the next few years. This doesn’t include the best scenario, which is really installing a cluster of processors into an oil tanker. Our greatest, so our greatest barrier at this time is how to deal with a 35% tax that we will be having to deal with on the Plastic2Oil sites. We are working on that now."
- John Bordynuik in WallStreetReporter. December 10, 2009
The original article from 2009 with Mr. Bordynuik's quote is gone with the exception of what's been cached. The below quote from Mr. Bordynuik will eventually disappear forever. I'm sure hard core longs will be delighted to hear that because that's more negative 'ancient history' which will be hidden from future marks.
"For P2O, which is one division I haven’t talked it, which is probably the biggest homerun of our company, is really in addition to the fixed cost and the clustering capabilities, we have in-house a catalyst, which is key. So, the catalyst that’s now been optimized and developed here basically allows us to convert waste unwashed plastics to fuel. 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. So, our plan is to launch 2,500 sites over the next few years. This doesn’t include the best scenario, which is really installing a cluster of processors into an oil tanker. Our greatest, so our greatest barrier at this time is how to deal with a 35% tax that we will be having to deal with on the Plastic2Oil sites. We are working on that now."
- John Bordynuik in WallStreetReporter. December 10, 2009
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.
