"Everyone knows the shorts are rigging the system even the SEC."
Do any of the longs here place any blame on PTOI for over six years of delays? Is the problem always shorts, market makers, colluding entities, etc... but PTOI is blameless??
Here's what really happened...
Over six years ago PTOI's founder, John Bordynuik, purchased controlling interest in his second shell stock which was to become PTOI. The controlling interest in PTOI cost $80,000, money which undoubtedly came from investment for Mr. Bordynuik's previous go-nowhere venture called Expedite2. Mr. Bordynuik then concocted the story that he stumbled across the recipe for a catalyst lost on a tape drive from decades ago. This catalyst, as Mr. Bordynuik's story goes, allowed him to revolutionize the process of pyrolysis and make crude oil for under $10/bbl. He went on to say he had offers to buy the oil for just under the price of West Texas Intermediate spot, around $100/bbl.
With Mr. Bordynuik pretending that the process was fully tested to back up his fabricated claims, he continued to swindle investors. Investors, believing Mr. Bordynuik to be an honest man, dived into the stock in droves. With Mr. Bordynuik's continued stories of progress and even commencing full commercial production, trusting investors drove the initially low-float stock up to about $7/share.
That was all fake. The claims were never real. Investors were simply defrauded and the stock started sinking as investors realized they were swindled or simply got tired of delay after delay after excuse after excuse...or maybe Mr. Bordynuiks continued fraud by cooking the books with the media credits warned others that they were dealing with a crook.
Now Mr. Bordynuik has stepped down and is off enjoying the millions of dollars of investors' money which he took...and the die-hard faithful and patient investors are still here defending PTOI with all the passion they can muster. PTOI is a worthless company, born out of fraud and lingering on hope--but don't try to tell the remaining investors that.
A Richard Heddle is the part-time CEO now--and he's already showing his dishonest colors and continuing the deception. After promising mid-quarter updates, Mr. Heddle fell silent for six months after the plant broke, content to let investors have the false belief that production was ramping up. Mr. Heddle is no better than Mr. Bordynuik. Investors were merely handed off from one liar to another.
Remaining investors trust that PTOI has a value-adding process...but they require no evidence. Not only have Mr. Bordynuik and Mr. Heddle never earned anyone's trust, they've shown definitively that they *can't* be trusted. To simply trust that a penny stock is legitimate after this much misinformation isn't a wise choice.
Investors rode PTOI up on its fake claims...and PTOI is sinking down over time as reality sets in. That's how investors lost money...not because of shorts, bashers, skeptics, market makers nor anyone else.
Do any of the longs here place any blame on PTOI for over six years of delays? Is the problem always shorts, market makers, colluding entities, etc... but PTOI is blameless??
Here's what really happened...
Over six years ago PTOI's founder, John Bordynuik, purchased controlling interest in his second shell stock which was to become PTOI. The controlling interest in PTOI cost $80,000, money which undoubtedly came from investment for Mr. Bordynuik's previous go-nowhere venture called Expedite2. Mr. Bordynuik then concocted the story that he stumbled across the recipe for a catalyst lost on a tape drive from decades ago. This catalyst, as Mr. Bordynuik's story goes, allowed him to revolutionize the process of pyrolysis and make crude oil for under $10/bbl. He went on to say he had offers to buy the oil for just under the price of West Texas Intermediate spot, around $100/bbl.
With Mr. Bordynuik pretending that the process was fully tested to back up his fabricated claims, he continued to swindle investors. Investors, believing Mr. Bordynuik to be an honest man, dived into the stock in droves. With Mr. Bordynuik's continued stories of progress and even commencing full commercial production, trusting investors drove the initially low-float stock up to about $7/share.
That was all fake. The claims were never real. Investors were simply defrauded and the stock started sinking as investors realized they were swindled or simply got tired of delay after delay after excuse after excuse...or maybe Mr. Bordynuiks continued fraud by cooking the books with the media credits warned others that they were dealing with a crook.
Now Mr. Bordynuik has stepped down and is off enjoying the millions of dollars of investors' money which he took...and the die-hard faithful and patient investors are still here defending PTOI with all the passion they can muster. PTOI is a worthless company, born out of fraud and lingering on hope--but don't try to tell the remaining investors that.
A Richard Heddle is the part-time CEO now--and he's already showing his dishonest colors and continuing the deception. After promising mid-quarter updates, Mr. Heddle fell silent for six months after the plant broke, content to let investors have the false belief that production was ramping up. Mr. Heddle is no better than Mr. Bordynuik. Investors were merely handed off from one liar to another.
Remaining investors trust that PTOI has a value-adding process...but they require no evidence. Not only have Mr. Bordynuik and Mr. Heddle never earned anyone's trust, they've shown definitively that they *can't* be trusted. To simply trust that a penny stock is legitimate after this much misinformation isn't a wise choice.
Investors rode PTOI up on its fake claims...and PTOI is sinking down over time as reality sets in. That's how investors lost money...not because of shorts, bashers, skeptics, market makers nor anyone else.
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.
