I mostly agree with you regarding revenues because
Post# of 43066
Posted On: 03/11/2015 10:26:10 PM
Re: AsaCandler #18214
I mostly agree with you regarding revenues because over time it costs companies to keep unprofitable revenues. In the short term, even scam companies can find ways to increase revenues since profitability is second to duping investors. Just like PTOI added paper fiber revenues and Robbin's Feed and Fuel revenues into the "P2O" division's revenues, it's easy to fool investors. Why showcase "P2O"...and then lump pyrolysis process revenues in with other, unrelated, revenues so nobody can tell what's really happening with P2O??...you can guess why.
One CEO made a point about revenues last year needing to be profitable revenues by saying, "I can sell dollar bills for fifty cents all day on the street corner and my revenues will go through the roof!"
As PTOI has also shown, buying money-losing companies, such as Pak-it and Javaco, are cheap and add to revenues to make it look like the company is moving and shaking...when it's really not. They served to obfuscate P2O.
I can add the example of a scam operation which routinely launches penny stock companies where scam concepts are coupled with legitimate businesses. That can demonstrate how that's used to dupe investors but since I'm a skeptic, the moderator here keeps me on a short leash.
I will say I have worked with start up companies and I can add my experience. First of all, you need, need, need, need honesty from the company's principals. I absolutely can't stress that enough. Even Mr. Heddle lying about mid-quarter updates and transparency, and withholding material information about the plant being shut down for six months should make an investor run for the hills. You simply cannot trust dishonest men like Mr. Bordynuik and Mr. Heddle with your hard-earned money. You can't--that's financial suicide.
Second, early on a company should provide a value proposition and a proof-of-concept proving the value proposition. Start up companies that seem to have merit to more savvy investors are often given tranches of money based on milestones. Initially a milestone will be to prove the concept. A proof-of-concept is done first so everyone can see with what they're dealing. Mr. Bordynuik certainly said he had a value proposition with $10/bbl crude oil and pretended to have put together a proof-of-concept...but see criteria number one about honesty again. Alternatively, Mr. Heddle at the helm now is showing no inclination to provide any type of evidence of value. Investors would need to see a proof-of-concept to make any type of an informed decision...not simply have patience to hold on for multiple years because other companies took multiple years to show a profit. Other companies often have a positive gross margin where PTOI is reluctant to say what exactly (price/quantity) goes in the processor and what exactly comes out.
One CEO made a point about revenues last year needing to be profitable revenues by saying, "I can sell dollar bills for fifty cents all day on the street corner and my revenues will go through the roof!"
As PTOI has also shown, buying money-losing companies, such as Pak-it and Javaco, are cheap and add to revenues to make it look like the company is moving and shaking...when it's really not. They served to obfuscate P2O.
I can add the example of a scam operation which routinely launches penny stock companies where scam concepts are coupled with legitimate businesses. That can demonstrate how that's used to dupe investors but since I'm a skeptic, the moderator here keeps me on a short leash.
I will say I have worked with start up companies and I can add my experience. First of all, you need, need, need, need honesty from the company's principals. I absolutely can't stress that enough. Even Mr. Heddle lying about mid-quarter updates and transparency, and withholding material information about the plant being shut down for six months should make an investor run for the hills. You simply cannot trust dishonest men like Mr. Bordynuik and Mr. Heddle with your hard-earned money. You can't--that's financial suicide.
Second, early on a company should provide a value proposition and a proof-of-concept proving the value proposition. Start up companies that seem to have merit to more savvy investors are often given tranches of money based on milestones. Initially a milestone will be to prove the concept. A proof-of-concept is done first so everyone can see with what they're dealing. Mr. Bordynuik certainly said he had a value proposition with $10/bbl crude oil and pretended to have put together a proof-of-concept...but see criteria number one about honesty again. Alternatively, Mr. Heddle at the helm now is showing no inclination to provide any type of evidence of value. Investors would need to see a proof-of-concept to make any type of an informed decision...not simply have patience to hold on for multiple years because other companies took multiple years to show a profit. Other companies often have a positive gross margin where PTOI is reluctant to say what exactly (price/quantity) goes in the processor and what exactly comes out.
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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.