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  4. Plastic2Oil, Inc. (PTOI) Message Board

I'll have to say, I was wrong when I stated my gue

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Post# of 43066
Posted On: 12/05/2014 12:31:09 PM
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Posted By: PaperProphet
I'll have to say, I was wrong when I stated my guess a few years ago that PTOI would be $0.04 to $0.07 by year end 2011 and sub-penny by year end 2012.

My reasoning at the time: In late 2010, Mr. Bordynuik announced that the first processor was in full commercial production making 115 bbls/day of $90/bbl gross margin fuel. I felt that with a lie that big, investors would hammer the stock once they found out Mr. Bordynuik was defrauding them. It didn't happen--Mr. Bordynuik expertly kept investors optimistic and I still don't quite know how.

Then in early 2012 when Mr. Bordynuik announced that the second processor was online, I once again thought he shot himself in the foot. I didn't think there was any way after his announced delays and excuses for the first processor, that he could juggle excuses for TWO processors not running. However with excuses about plastic getting left in the rain, maintenance, bad feedstock, processor modifications, heat transfer fluid, etc..., Mr. Bordynuik once again was able to keep shareholders following the carrot around the calendar.

I know the stock is worthless but I don't know how long it will take the price to reflect that. As I said, I was already schooled regarding timelines and unbridled investor optimism. Investors can keep unconditional faith for years and years.
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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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