"I am hard pressed to understand why someone who i
Post# of 43064
I don't just post rhetorical questions. Since I ran across this company in 2010, I also was pointing out that the scrap prices of the plastics needed by PTOI cost around $800/ton...about the same price per weight as diesel. That's pretty conclusive evidence that PTOI's process can't be profitable at all, much more so that Mr. Bordynuik's claims of $10/bbl cost and WTI-$3/bbl or even diesel prices were fake all along. I don't know if anyone listened since most people were content to ignore that and ride the stock straight down.
I've been equally hard-pressed to understand why people would ignore that math but I've come to realize that penny stock investors laugh in the face of contrary evidence but easily succumb to suggestive comments and sweet nothings from swindlers.