Does anyone remember Mr. Bordynuik's statements fr
Post# of 43066
Posted On: 09/30/2014 7:12:04 PM
Does anyone remember Mr. Bordynuik's statements from 2009??
"So, our plan is to launch 2,500 sites over the next few years."
- John Bordynuik. November 2009
Well, it's officially a few years. That was at the time Mr. Bordynuik fraudulently represented his process as being able to produce fuel for under $10/bbl which he said he had offers to buy at WTI-$3/bbl.
So you can see how anyone who believed Mr. Bordynuik was honest five years ago would have jumped into PTOI stock with both feet. 2,500 sites with each processor making 115 bbls/day and clearing $90/bbl. That comes to almost $10 billion in gross margin. Since Mr. Bordynuik said the $10/bbl figure was 'loaded up' with expenses, that would have been around $100/share in net income per year.
Now that everything has evaporated and it's clear to everyone that Mr. Bordynuik got rich by lying to shareholders about the capabilities of his process, the remaining shareholders are placing the blame squarely on...the skeptics posting on the message boards who believe Mr. Bordynuik is a swindler.
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"So, our plan is to launch 2,500 sites over the next few years."
- John Bordynuik. November 2009
Well, it's officially a few years. That was at the time Mr. Bordynuik fraudulently represented his process as being able to produce fuel for under $10/bbl which he said he had offers to buy at WTI-$3/bbl.
So you can see how anyone who believed Mr. Bordynuik was honest five years ago would have jumped into PTOI stock with both feet. 2,500 sites with each processor making 115 bbls/day and clearing $90/bbl. That comes to almost $10 billion in gross margin. Since Mr. Bordynuik said the $10/bbl figure was 'loaded up' with expenses, that would have been around $100/share in net income per year.
Now that everything has evaporated and it's clear to everyone that Mr. Bordynuik got rich by lying to shareholders about the capabilities of his process, the remaining shareholders are placing the blame squarely on...the skeptics posting on the message boards who believe Mr. Bordynuik is a swindler.
.
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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.