"And that's how start-ups work, especially ones in
Post# of 43066
Posted On: 08/20/2014 10:16:37 AM
"And that's how start-ups work, especially ones in an emerging tech sector."
- Golfgod
Not really. Start ups, the honest ones anyway, will immediately do a proof-of-concept and show the results. That benefits the founders, the investors, anyone providing financing and any customers. Everyone is better off through open communication of the results.
Mr. Bordynuik certainly said the proof-of-concept was done with the 1kg and 1ton processors which, according to him, ran perfectly. Even the scaling up, which worried him, went perfectly. The process could make an oil for under $10/bbl and be sold for WTI-$3, clearing $68/bbl at the time and would be over $90/bbl today.
So even today the suggestion is that all which is needed is to put the catalyst and plastic into a processor and crude oil or even diesel comes out the other. But five years of excuses and delays keeps shareholders believing the process is highly profitable but that somehow start ups are always plagued with constant delays. That's just not true.
At any rate, it doesn't take five and a half years to show how well the proof-of-concept works. Mr. Bordynuik has had that data since testing five years ago. You can guess why Mr. Bordynuik chose not to share those results with which he often states he's "pleased," "excited," or other worthless suggestive adjectives.
.
- Golfgod
Not really. Start ups, the honest ones anyway, will immediately do a proof-of-concept and show the results. That benefits the founders, the investors, anyone providing financing and any customers. Everyone is better off through open communication of the results.
Mr. Bordynuik certainly said the proof-of-concept was done with the 1kg and 1ton processors which, according to him, ran perfectly. Even the scaling up, which worried him, went perfectly. The process could make an oil for under $10/bbl and be sold for WTI-$3, clearing $68/bbl at the time and would be over $90/bbl today.
So even today the suggestion is that all which is needed is to put the catalyst and plastic into a processor and crude oil or even diesel comes out the other. But five years of excuses and delays keeps shareholders believing the process is highly profitable but that somehow start ups are always plagued with constant delays. That's just not true.
At any rate, it doesn't take five and a half years to show how well the proof-of-concept works. Mr. Bordynuik has had that data since testing five years ago. You can guess why Mr. Bordynuik chose not to share those results with which he often states he's "pleased," "excited," or other worthless suggestive adjectives.
.
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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.