"Find it very interesting after years of buying PT
Post# of 43064
- Kugel
In early 2010 by information from the company, the process was fully tested and Mr. Bordynuik had an $80,000 processor which could generate 115 barrels per day at a profit of $90/bbl...$10,000 per day in profits per machine! That's a return on invested capital of 4,500% per year! It doesn't take a financial analyst to see that's amazing.
Now four years later after amazing, stupendous, unprecedented light speed progress, the company abandoned any production and is focusing on selling machines and well over a year later, still no customers. Kugel is so focused on chasing carrots around the calendar that he doesn't notice.
When I first ran across PTOI in 2010, I did the math and saw that investors were being defrauded. I told investors that they would see indefinite delays and excuses going forward which will always put that carrot 'in the future'. Since then it's come to light that Mr. Bordynuik defrauded shareholders with the accounting showing he's dishonest. Four years later PTOI is still keeping investors bounding after that carrot.
.