For anyone interested, I can share some of the tip
Post# of 43066
Posted On: 04/03/2015 5:54:36 PM
For anyone interested, I can share some of the tip offs which showed PTOI was a scam from the start. These could have saved investors a boatload of money.
First, if someone invents/procures/acquires a revolutionary technology, the logical way to go about it is to do a proof-of-concept to prove to investors, financiers, customers, stakeholders and to themselves that they have something of value. That's something which was never done. Mr. Bordynuik opted to bamboozle investors by focusing on "scaling" the process, leading them to believe his claims weren't in question.
Second, if you see a new technology company take investors' money and purchase unrelated businesses without showing any value from the supposed technology, you're not looking at an honest company. The high return is supposed to be in the revolutionary technology, not in mature industries such as a recycling facility, a blending facility, a wholesale fuel operation, electronics distributors, non-stick flooring, etc.... That's ridiculous.
Third, if the company trying to showcase it's revolutionary technology creates a "P2O" division and shoves into the division, recycling/paperboard operations, a fuel wholesaler (Robbins Fuels) and blending site, and everything else under that misleading name...and then only breaks out paperboard revenues...you don't have an honest company. A company trying to showcase its technology would work hard to peel back all potentially confusing factors to proudly display and lay bare the results of how well the technology itself was performing. PTOI instead worked hard to obfuscate those numbers and nobody really knows if any actual plastic-derived fuel oil #2 was ever sold. Fuel oil #2 surely was sold...but was it purchased through PTOI's fuel operations purchased from Mr. Bordynuik's uncle or was it plastic-derived?? Why hide the numbers of actual plastic-derived fuel??
You have an honest-to-goodness penny stock swindle here with PTOI promising $10/bbl cost oil with a market value of WTI-$3. The problem is NOT six years worth of bad luck and delays--it's that the cost/price claims are fake. Figure it out. If you want to hold PTOI stock until the end because its a "lottery ticket" then consider the remaining market value of your shares as a donation to a scam company.
First, if someone invents/procures/acquires a revolutionary technology, the logical way to go about it is to do a proof-of-concept to prove to investors, financiers, customers, stakeholders and to themselves that they have something of value. That's something which was never done. Mr. Bordynuik opted to bamboozle investors by focusing on "scaling" the process, leading them to believe his claims weren't in question.
Second, if you see a new technology company take investors' money and purchase unrelated businesses without showing any value from the supposed technology, you're not looking at an honest company. The high return is supposed to be in the revolutionary technology, not in mature industries such as a recycling facility, a blending facility, a wholesale fuel operation, electronics distributors, non-stick flooring, etc.... That's ridiculous.
Third, if the company trying to showcase it's revolutionary technology creates a "P2O" division and shoves into the division, recycling/paperboard operations, a fuel wholesaler (Robbins Fuels) and blending site, and everything else under that misleading name...and then only breaks out paperboard revenues...you don't have an honest company. A company trying to showcase its technology would work hard to peel back all potentially confusing factors to proudly display and lay bare the results of how well the technology itself was performing. PTOI instead worked hard to obfuscate those numbers and nobody really knows if any actual plastic-derived fuel oil #2 was ever sold. Fuel oil #2 surely was sold...but was it purchased through PTOI's fuel operations purchased from Mr. Bordynuik's uncle or was it plastic-derived?? Why hide the numbers of actual plastic-derived fuel??
You have an honest-to-goodness penny stock swindle here with PTOI promising $10/bbl cost oil with a market value of WTI-$3. The problem is NOT six years worth of bad luck and delays--it's that the cost/price claims are fake. Figure it out. If you want to hold PTOI stock until the end because its a "lottery ticket" then consider the remaining market value of your shares as a donation to a scam company.
(0)
(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.