Faustus, I can see you're being sarcastic but the truth is than anyone who had listened to my advice would have saved themselves up to a 99% loss.
Again, the crux here is that PTOI is fundamentally worthless because it's not possible to obtain significant, sustainable quantities of the plastics needed (HDPE, LDPE, PP) at a price which would make conversion commercially viable...even if that output could be magically transformed into pure salable diesel. Plastic has significant value to recyclers which is, pound for pound, on par with diesel.
I understand you found a couple of ads on the scrap plastic sites which were well below the average price for the needed scrap plastics. You felt there was probably nothing wrong with those plastics so you feel PTOI should be able to always pay below market for plastic. That's the same argument Rawnoc used a few years ago. He did you one better and found ads for free plastic. One example was someone giving away 300 HDPE plastic buckets. Another was someone giving away tons of polystyrene...a very light, voluminous material which would have needed to have been shipped from the east coast at an enormous cost. Both of you came up with some ludicrously optimistic, quixotic logic and, if you're both the investors you purport to be, you both lost money.
You need to look at the big picture. People have been trying to make pyrolysis commercially viable since the 1980's and probably before that as well. Nobody has done it. Then along comes Mr. Bordynuik with little to no experience in the field, celebrates that his lack of knowledge 'frees his mind' to look at the issue with a fresh perspective, and claims he found a way not only to make plastic pyrolysis profitable, but wildly profitable with 90% margins. Then it turns out that Mr. Bordynuik is a prolific liar. The Securities Exchange Commission and the Ontario Securities Commission both call Mr. Bordynuik a fraud and as part of the settlement with the OSC, Mr. Bordynuik admits he's a swindler.
It would be very smart for an investor to consider the probability of whether a swindler is being truthful when he claims to have stumbled across a multi-billion dollar revolutionary technology. It takes a lot of confidence to tell a lie that big...but that confidence doesn't turn a lie into the truth.
And again, I understand that optimistic shareholders will find a way to rationalize that Mr. Bordynuik 'isn't really a swindler', that the SEC or OSC are really the 'bad guys' or that somehow Mr. Bordynuik is trustworthy enough to believe when he claims he revolutionized pyrolysis. In fact we just saw that in xxxxcslewis' ode in which he expressed love, adoration and respect toward Mr. Bordynuik and Mr. Heddle. Xxxxcslewis didn't care about the constant misrepresentations or machinations brought about by Mr. Bordynuik and Mr. Heddle--he just found the most optimistic scenario possible and that became the truth in his mind.
I would certainly advise other investors not to follow your line of reasoning. Good luck. Maybe Mr. Bordynuik will give you and other investors another 'Christmas present' in the form of a BS press release which pumps the stock.
.
Again, the crux here is that PTOI is fundamentally worthless because it's not possible to obtain significant, sustainable quantities of the plastics needed (HDPE, LDPE, PP) at a price which would make conversion commercially viable...even if that output could be magically transformed into pure salable diesel. Plastic has significant value to recyclers which is, pound for pound, on par with diesel.
I understand you found a couple of ads on the scrap plastic sites which were well below the average price for the needed scrap plastics. You felt there was probably nothing wrong with those plastics so you feel PTOI should be able to always pay below market for plastic. That's the same argument Rawnoc used a few years ago. He did you one better and found ads for free plastic. One example was someone giving away 300 HDPE plastic buckets. Another was someone giving away tons of polystyrene...a very light, voluminous material which would have needed to have been shipped from the east coast at an enormous cost. Both of you came up with some ludicrously optimistic, quixotic logic and, if you're both the investors you purport to be, you both lost money.
You need to look at the big picture. People have been trying to make pyrolysis commercially viable since the 1980's and probably before that as well. Nobody has done it. Then along comes Mr. Bordynuik with little to no experience in the field, celebrates that his lack of knowledge 'frees his mind' to look at the issue with a fresh perspective, and claims he found a way not only to make plastic pyrolysis profitable, but wildly profitable with 90% margins. Then it turns out that Mr. Bordynuik is a prolific liar. The Securities Exchange Commission and the Ontario Securities Commission both call Mr. Bordynuik a fraud and as part of the settlement with the OSC, Mr. Bordynuik admits he's a swindler.
It would be very smart for an investor to consider the probability of whether a swindler is being truthful when he claims to have stumbled across a multi-billion dollar revolutionary technology. It takes a lot of confidence to tell a lie that big...but that confidence doesn't turn a lie into the truth.
And again, I understand that optimistic shareholders will find a way to rationalize that Mr. Bordynuik 'isn't really a swindler', that the SEC or OSC are really the 'bad guys' or that somehow Mr. Bordynuik is trustworthy enough to believe when he claims he revolutionized pyrolysis. In fact we just saw that in xxxxcslewis' ode in which he expressed love, adoration and respect toward Mr. Bordynuik and Mr. Heddle. Xxxxcslewis didn't care about the constant misrepresentations or machinations brought about by Mr. Bordynuik and Mr. Heddle--he just found the most optimistic scenario possible and that became the truth in his mind.
I would certainly advise other investors not to follow your line of reasoning. Good luck. Maybe Mr. Bordynuik will give you and other investors another 'Christmas present' in the form of a BS press release which pumps the stock.
.
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.
