"mindless rhetoric PP ..at least try to be creative once in a while..."
As I said, you and other investors are mad at me because you could have saved a lot of money by taking my advice...but you didn't. I'm not the one who swindled you. On the contrary, I gave you sound advice.
The thesis is very straight forward. As I brought up in 2010 when I pointed out to investors that the cost of the scrap plastics needed by PTOI are prohibitively expensive. I told investors that the "few months" time line investors were anticipating would be replaced by delay after delay after delay after delay as PTOI came up with excuses to avoid telling investors the truth. Now they have over six years of excuses under their belt why no processor can be placed into profitable operation.
It's very expensive to sort scrap out of the waste stream and similarly expensive to buy it. Today investors have a second data point....
Sure pyrolysis works to depolymerize plastic--it's not magic. However for over five years, PTOI has been unable to find a single profitable situation where they could...
1) get paid to take acceptable plastic from some company which has to pay to dispose of the needed waste plastics anyway or...
2) get acceptable plastic for free from some company which was throwing it away for free or...
3) pay for plastic for which the process could add value.
Now the company, after failing on all fronts, is looking for a company for which one of the above would apply so that customer could find the process useful...and PTOI wants that customer to pay for the processor and do what PTOI was entirely unable to do??
There's a reason why Mr. Bordynuik and Mr. Heddle need to lie and mislead investors to keep moving forward. PTOI's pyrolysis process is just regular pyrolysis--yes, they don't have any magical way of heating up material in an oxygen-reduced chamber to break down plastic into an oil. To sell shares, PTOI has to continue to dupe unwitting investors.
As I said, you and other investors are mad at me because you could have saved a lot of money by taking my advice...but you didn't. I'm not the one who swindled you. On the contrary, I gave you sound advice.
The thesis is very straight forward. As I brought up in 2010 when I pointed out to investors that the cost of the scrap plastics needed by PTOI are prohibitively expensive. I told investors that the "few months" time line investors were anticipating would be replaced by delay after delay after delay after delay as PTOI came up with excuses to avoid telling investors the truth. Now they have over six years of excuses under their belt why no processor can be placed into profitable operation.
It's very expensive to sort scrap out of the waste stream and similarly expensive to buy it. Today investors have a second data point....
Sure pyrolysis works to depolymerize plastic--it's not magic. However for over five years, PTOI has been unable to find a single profitable situation where they could...
1) get paid to take acceptable plastic from some company which has to pay to dispose of the needed waste plastics anyway or...
2) get acceptable plastic for free from some company which was throwing it away for free or...
3) pay for plastic for which the process could add value.
Now the company, after failing on all fronts, is looking for a company for which one of the above would apply so that customer could find the process useful...and PTOI wants that customer to pay for the processor and do what PTOI was entirely unable to do??
There's a reason why Mr. Bordynuik and Mr. Heddle need to lie and mislead investors to keep moving forward. PTOI's pyrolysis process is just regular pyrolysis--yes, they don't have any magical way of heating up material in an oxygen-reduced chamber to break down plastic into an oil. To sell shares, PTOI has to continue to dupe unwitting investors.
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.
