The elephant in the room here is that Mr. Bordynuik has never shown any evidence that his pyrolysis process can convert a material into liquid worth more than the starting material. In fact after siphoning off/burning through $60M of investors' money over five years, he's shown that he's unable to do so.
Mr. Bordynuik paid himself handsomely for five years out of invested funds while suggesting he had a 90% gross margin process which he didn't have. Investors thought he had proven it...after all he tested it in a 1-kg processor, a 1-ton processor and a 20-ton processor and all the while announcing he could make fuel for under $10/bbl for which he could sell for around $80+/bbl. Not only was that lying but it would have been lying by omission if he neglected to tell investors that his process didn't measure up. Investors had every reason to believe Mr. Bordynuik's $10/bbl to $80+/bbl claims. Unfortunately they were fake.
No doubt if high-quality, hydrocarbon-only scrap is used in pyrolysis, simply heating it to a high temperature without oxygen so it can't burn, the scrap will be converted into a good quality valuable fuel...but hydrocarbon-only scrap plastic already valuable to plastic recyclers so the cost will make pyrolysis a money-loser regardless of the resulting fuel product. If cheaper, mixed plastic scrap--then less valuable output. Even municipal solid waste can be pyrolyzed into an oil...but that oil is relatively worthless even though it does burn.
I've seen a number of pyrolysis scams--the garbage-to-gold story resonates with investors and there's just enough truth with the pyrolysis process to sell the story. Heating material really does break down plastics and other organic solids into flammable liquids and gasses.
If any of you want to start a scam, I highly recommend buying controlling interest in a shell stock and pitching a story about pyrolyzing used tires. There's no question that anyone can get paid to take old tires and pyrolysis really can convert old tires into a burnable fuel oil. Investors hear the word, "oil" and they immediately think value even though that's not always the case. The scam company helps opinions and assumptions along by using meaningless subjective descriptions like, "high quality oil." I've seen the story of converting old tires to oil win investors' hearts and cash over and over--the element of truth sells the story.
Mr. Bordynuik paid himself handsomely for five years out of invested funds while suggesting he had a 90% gross margin process which he didn't have. Investors thought he had proven it...after all he tested it in a 1-kg processor, a 1-ton processor and a 20-ton processor and all the while announcing he could make fuel for under $10/bbl for which he could sell for around $80+/bbl. Not only was that lying but it would have been lying by omission if he neglected to tell investors that his process didn't measure up. Investors had every reason to believe Mr. Bordynuik's $10/bbl to $80+/bbl claims. Unfortunately they were fake.
No doubt if high-quality, hydrocarbon-only scrap is used in pyrolysis, simply heating it to a high temperature without oxygen so it can't burn, the scrap will be converted into a good quality valuable fuel...but hydrocarbon-only scrap plastic already valuable to plastic recyclers so the cost will make pyrolysis a money-loser regardless of the resulting fuel product. If cheaper, mixed plastic scrap--then less valuable output. Even municipal solid waste can be pyrolyzed into an oil...but that oil is relatively worthless even though it does burn.
I've seen a number of pyrolysis scams--the garbage-to-gold story resonates with investors and there's just enough truth with the pyrolysis process to sell the story. Heating material really does break down plastics and other organic solids into flammable liquids and gasses.
If any of you want to start a scam, I highly recommend buying controlling interest in a shell stock and pitching a story about pyrolyzing used tires. There's no question that anyone can get paid to take old tires and pyrolysis really can convert old tires into a burnable fuel oil. Investors hear the word, "oil" and they immediately think value even though that's not always the case. The scam company helps opinions and assumptions along by using meaningless subjective descriptions like, "high quality oil." I've seen the story of converting old tires to oil win investors' hearts and cash over and over--the element of truth sells the story.
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.
