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  4. Plastic2Oil, Inc. (PTOI) Message Board

So how long does Heddle and this engineering firm

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Post# of 43066
Posted On: 07/16/2014 10:45:21 AM
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Posted By: SaulGoodman
Re: It takes a brain #10860
So how long does Heddle and this engineering firm have to sell a processor before Chapter 11 becomes the option in the future ?

Serious question.

As of now there is neither the work force , supply, or cash on hand to run the processor to make any significant revenue.

It's been alost a year of trying different ways to interest a buyer with no results.

So how much longer, in months, can they keep searching for buyers before Heddle has to throw in the towel and file Chapter 11 ?

Obviously there has to be a limit. Money can not just keep going out and never coming in.

And if they do make a sale, how long will they have until a.other must be made ?

This new business plan is contingent on selling machines over and over. And there doesn't seem to be much of a market at all after about a year of trying and finding no buyers.

So how often will they need to sell a processor ?

Splitting the profits with this engineering firm will not be the cash cow shareholders were expecting long term, and with the engineering firm running the processor all the future revenues are gone also.

Yes there might be some royalties and such, but they will be never amount to tens of millions a year. Maybe a million at most.

So what is a stock worth for a company that makes a couple of million a year and has a share count of 250 million ?

About .$.05-$.10 cents ?

So what is the long term plan and how many machines need to be sold every year ?

There are some gaping holes in this new business plan for any significant returns to shareholder value.



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