"I guess it just continues to *elude* me that I can't expect "seamless" from a start-up rolling out such staggeringly valuable tech..."
That's exactly right. The story was pitched by PTOI that the catalyst could be put into pyrolysis and suddenly pyrolysis of plastic could make oil for under $10/bbl which could be sold for WTI-$3...or at about 90% gross margins. Plastic goes in, valuable oil comes out. That was the story told to investors by Mr. Bordynuik and PTOI. With those margins, it should be relatively seemless.
A proof-of-concept takes little time...a couple of months to get everything set up at the most. Mr. Bordynuik pretended to do that with his 1-ton processor and through testing of processor #1 when he was very clear in announcing to shareholders that this fully-tested process can make oil for under $10/bbl for which he said he had offers in hand to buy for WTI-$3 from Somerset and another offer from American Refinery Group and other "refineries". The problem: Mr. Bordynuik flat out lied. Mr. Bordynuik is an honest-to-goodness run-of-the-mill penny stock swindler.
Now over five years of bad luck and delays in trying to shove plastic into a processor?? It's a little hard to swallow that the excuses we keep hearing are the real reason. In late 2010 Mr. Bordynuik even said he was in full commercial production...and let investors think that for all of 2011 after which he finally announced that he decided to keep the processor off line for 'enhancements' to double the throughput. Investors oddlly didn't bat an eye that an $80,000 processor which should have been producing $3.6M per year, was purportedly silently taken off line for 'enhancements' for an entire year. In a real world situation, nobody would dare try to 'improve' a running machine making an almost 50,000% ROI...such a machine would pay for itself in eight days. If the numbers told to investors were real, any company would be smart enough to simply replicate the resounding success.
That's exactly right. The story was pitched by PTOI that the catalyst could be put into pyrolysis and suddenly pyrolysis of plastic could make oil for under $10/bbl which could be sold for WTI-$3...or at about 90% gross margins. Plastic goes in, valuable oil comes out. That was the story told to investors by Mr. Bordynuik and PTOI. With those margins, it should be relatively seemless.
A proof-of-concept takes little time...a couple of months to get everything set up at the most. Mr. Bordynuik pretended to do that with his 1-ton processor and through testing of processor #1 when he was very clear in announcing to shareholders that this fully-tested process can make oil for under $10/bbl for which he said he had offers in hand to buy for WTI-$3 from Somerset and another offer from American Refinery Group and other "refineries". The problem: Mr. Bordynuik flat out lied. Mr. Bordynuik is an honest-to-goodness run-of-the-mill penny stock swindler.
Now over five years of bad luck and delays in trying to shove plastic into a processor?? It's a little hard to swallow that the excuses we keep hearing are the real reason. In late 2010 Mr. Bordynuik even said he was in full commercial production...and let investors think that for all of 2011 after which he finally announced that he decided to keep the processor off line for 'enhancements' to double the throughput. Investors oddlly didn't bat an eye that an $80,000 processor which should have been producing $3.6M per year, was purportedly silently taken off line for 'enhancements' for an entire year. In a real world situation, nobody would dare try to 'improve' a running machine making an almost 50,000% ROI...such a machine would pay for itself in eight days. If the numbers told to investors were real, any company would be smart enough to simply replicate the resounding success.
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.
