I don't know if anyone can resolve that. The word
Post# of 43066
Posted On: 08/15/2014 4:00:47 PM
I don't know if anyone can resolve that. The wording is similar in this 10-Q:
"The Company had to shut down its production late in the fourth quarter of 2013 due to severe cold weather that caused damage to condensers and other components of our processors. Management estimates that the repair of the processors will require the expenditure of between $175,000 and $200,000. At August 14,, 2014, we lacked the working capital or access to bank credit to make these repairs. We are reviewing our financing options, including the sale of shares of our common stock or other securities, in order to allow us to obtain sufficient funds to make the required repairs and resume operation of our processors. "
It appears as of yesterday, the processors have not resumed operations despite the repairs PTOI said were done.
As screwed up as PTOI continually is, it would still be worthwhile to get to the crux and ignore all PTOI's clowning around. PTOI hides the results of the processor so nobody knows what went in or what came out and nobody knows what obstacles, besides repairs, are still holding up full profitable production.
Meanwhile as time goes by and we continue to talk about how much of a clown operation PTOI is while avoiding the crux, it becomes more and more likely that Mr. Bordynuik will walk away with all the cash he took from investors without being charged with fraud for his fake claims of $10/bbl oil and WTI-$3/bbl offer.
"The Company had to shut down its production late in the fourth quarter of 2013 due to severe cold weather that caused damage to condensers and other components of our processors. Management estimates that the repair of the processors will require the expenditure of between $175,000 and $200,000. At August 14,, 2014, we lacked the working capital or access to bank credit to make these repairs. We are reviewing our financing options, including the sale of shares of our common stock or other securities, in order to allow us to obtain sufficient funds to make the required repairs and resume operation of our processors. "
It appears as of yesterday, the processors have not resumed operations despite the repairs PTOI said were done.
As screwed up as PTOI continually is, it would still be worthwhile to get to the crux and ignore all PTOI's clowning around. PTOI hides the results of the processor so nobody knows what went in or what came out and nobody knows what obstacles, besides repairs, are still holding up full profitable production.
Meanwhile as time goes by and we continue to talk about how much of a clown operation PTOI is while avoiding the crux, it becomes more and more likely that Mr. Bordynuik will walk away with all the cash he took from investors without being charged with fraud for his fake claims of $10/bbl oil and WTI-$3/bbl offer.
(0)
(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.