It used to be almost like clockwork on a quarterly basis that Mr. Bordynuik would report, after the fact, that PTOI was blindsided by some new adverse event which precluded profitable production. That was almost always immediately followed up by statements that the new problem was resolved and all systems were 'go' again, leaving shareholders unaware that the carrot once again moved one quarter away from them.
- Realized months into the quarter that the feedstock was bad!
- Wasn't conducting heat, needed to experiment with motor oil!
- The feedstock was left in the rain! (Yes, that also took up a quarter).
- Needed a 24-hour stack test (time: one quarter year). Needed to file permit (time: another quarter year).
- Etc....
Over the past year, Mr. Bordynuik seems to have shifted to half year excuses.
- Processor #3 is amazing!...but it needs a very slow start up, lasting from May to at least December.
- The weather got cold and broke the condensers.
Now PTOI seems to be on an indeterminate schedule, waiting for a customer who wants to buy a processor. No time line.
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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.