"I would guess that the number of people who rode
Post# of 43064
Posted On: 10/18/2014 7:58:08 PM
"I would guess that the number of people who rode the stock from $7.00 to .075 is pretty small; I think the DCA for posters here varies quite a bit."
Sure. That's why I said, "as high as."
Half a billion dollars in market cap evaporated since PTOI was pumped up on My Bordynuik's fraudulent claims of $10/bbl oil with offers of WTI-$3 from Somerset Refinery. The approximately $60M in accumulated deficit was almost entirely funded by investors. You can poo poo the losses by saying many were able to dollar cost average down, but it's still a lot of money lost.
"If you're referring to your "simple math theory", I think that was shown to be relevant only when HDPE prices are @ or above $537 a metric ton; I believe I came up with a number of instances when sellers were asking far less than that, as well as a number of scenarios where it pencils out nicely when they simply use the output to offset their own fuel needs"
I believe you came up with two examples where the prices being asked for scrap were lower than the average. Even the example you pointed out which had 20 tons available (about $15,000 worth...and about half a day's worth at PTOI's stated rate), do you think even if you could get a $4,000 discount from the market value, that it might cost you more than that in shoe leather to filter out those low prices which might not work and scout out new sources?? I do.
If you want a sustainable source of HDPE/LDPE/PP plastic scrap, you're going to pay market, not an the price of an ad you found which was a bit lower.
Sure. That's why I said, "as high as."
Half a billion dollars in market cap evaporated since PTOI was pumped up on My Bordynuik's fraudulent claims of $10/bbl oil with offers of WTI-$3 from Somerset Refinery. The approximately $60M in accumulated deficit was almost entirely funded by investors. You can poo poo the losses by saying many were able to dollar cost average down, but it's still a lot of money lost.
"If you're referring to your "simple math theory", I think that was shown to be relevant only when HDPE prices are @ or above $537 a metric ton; I believe I came up with a number of instances when sellers were asking far less than that, as well as a number of scenarios where it pencils out nicely when they simply use the output to offset their own fuel needs"
I believe you came up with two examples where the prices being asked for scrap were lower than the average. Even the example you pointed out which had 20 tons available (about $15,000 worth...and about half a day's worth at PTOI's stated rate), do you think even if you could get a $4,000 discount from the market value, that it might cost you more than that in shoe leather to filter out those low prices which might not work and scout out new sources?? I do.
If you want a sustainable source of HDPE/LDPE/PP plastic scrap, you're going to pay market, not an the price of an ad you found which was a bit lower.
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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.
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