"Here's one for you to answer. Why do you think th
Post# of 43064
Because he's stupid.
I believe Mr. Bordynuik convinced Mr. Heddle that P2O was a real deal profitable pyrolysis process just like he convinced all the other investors, including PIPE investors. A lot of people got sucked in to Mr. Bordynuik's fake claims and a lot of people lost money because they trusted Mr. Bordynuik even has he defrauded them. I think Mr. Heddle is just the latest in a string of 'capable' people which shareholders feel they can rely on as a substitute for their own DD.
So we're stuck with two strong opposing arguments. Mr. Heddle trusts Mr. Bordynuik so you should too...and the math doesn't work at all so the process is worthless. Only one of us is right.
I will point out that Mr. Heddle is already showing signs of dishonesty. He promised mid-quarter updates last year...and then felt no twinge of guilt when for a year he didn't deliver on that promise. Mr. Heddle also stood by letting investors believe processor #2 was running and processor #3 was on the upswing for the first half of this year...hiding the fact that the plant was broken. Then he was content with the press release saying that the plant was fixed...again not caring that investors were being misled.
And after all that, no explanation from Mr. Heddle about the misrepresentations, only a statement saying he's dropped fuel production as a business plan and made "tangible progress" on processor sales. Any guesses why, after sixteen result-less months, there is no color on what "tangible progress" means??