Posted elsewhere... "Some of us think PTOI has
Post# of 43066
Posted On: 05/16/2015 12:04:57 PM
Posted elsewhere...
"Some of us think PTOI has developed a disruptive technology and there is support for that view from reputable third party sources."
The poster who wrote the above is mistaken. No third party has ever shown PTOI's process is anything but regular pyrolysis.
in 2009, Islechem lab tested the process and said the resulting liquid was "diesel-like." Even I agree with Islechem's statement. Anyone can heat up plastic until the bonds start to break and the resulting liquid will be "diesel-like." The liquid will even burn...just like the plastic from which it was made burns.
In addition to Islechem, a couple years after PTOI had supposedly started full commercial production, PTOI hired SAIC to 'validate' the technology. SAIC did what they were hired to do and evaluated the process starting with PTOI management's assumptions and SAIC wrote a report on their work. PTOI then ran a PIPE investment offering giving the report to PIPE investors as evidence of value...and then a few months later PTOI said the assumptions they gave to SAIC to use in their analysis were unreliable...meaning the report was unreliable as well.
Also keep in mind that when PTOI hired SAIC for 'third party validation', PTOI already was running the process and was fully aware of what the real results were. PTOI already knew the process wasn't commercially viable but needed a glowing report to regale more PIPE investors...that's where hiring SAIC to do an analysis, starting with PTOI's fabricated assumptions, came in. These days, Mr. Heddle made the decision not to run the processors at all--further 'validating' that PTOI as of yet not found any useful value-adding function for the process.
And for those saying the process is at least environmentally friendly...how is it environmentally friendly to buy plastic away from recyclers to instead pyrolyze that plastic?? How is depolymerized plastic in the form of a liquid better for the earth?? Do those people feel it's just better that the plastic isn't landfilled??...well that would make a case for simply burning plastic in a waste-to-energy facility--a facility which could additionally take any and all dirty plastics in addition to regular solid waste. A facility which wouldn't just take plastic otherwise bound for recyclers.
There is nothing PTOI has which is revolutionary nor disruptive--PTOI just made a bunch of misleading statements to investors and now many investors simply blindly believe that PTOI's pyrolysis is the best in the world without ever having seen any evidence that's true.
What you have in PTOI is just a run-of-the-mill penny stock scam. The main difference between PTOI and other scams is that PTOI was much more egregious and bold in lying to investors...boldness which occasionally earned the company fraud charges and other litigation.
"Some of us think PTOI has developed a disruptive technology and there is support for that view from reputable third party sources."
The poster who wrote the above is mistaken. No third party has ever shown PTOI's process is anything but regular pyrolysis.
in 2009, Islechem lab tested the process and said the resulting liquid was "diesel-like." Even I agree with Islechem's statement. Anyone can heat up plastic until the bonds start to break and the resulting liquid will be "diesel-like." The liquid will even burn...just like the plastic from which it was made burns.
In addition to Islechem, a couple years after PTOI had supposedly started full commercial production, PTOI hired SAIC to 'validate' the technology. SAIC did what they were hired to do and evaluated the process starting with PTOI management's assumptions and SAIC wrote a report on their work. PTOI then ran a PIPE investment offering giving the report to PIPE investors as evidence of value...and then a few months later PTOI said the assumptions they gave to SAIC to use in their analysis were unreliable...meaning the report was unreliable as well.
Also keep in mind that when PTOI hired SAIC for 'third party validation', PTOI already was running the process and was fully aware of what the real results were. PTOI already knew the process wasn't commercially viable but needed a glowing report to regale more PIPE investors...that's where hiring SAIC to do an analysis, starting with PTOI's fabricated assumptions, came in. These days, Mr. Heddle made the decision not to run the processors at all--further 'validating' that PTOI as of yet not found any useful value-adding function for the process.
And for those saying the process is at least environmentally friendly...how is it environmentally friendly to buy plastic away from recyclers to instead pyrolyze that plastic?? How is depolymerized plastic in the form of a liquid better for the earth?? Do those people feel it's just better that the plastic isn't landfilled??...well that would make a case for simply burning plastic in a waste-to-energy facility--a facility which could additionally take any and all dirty plastics in addition to regular solid waste. A facility which wouldn't just take plastic otherwise bound for recyclers.
There is nothing PTOI has which is revolutionary nor disruptive--PTOI just made a bunch of misleading statements to investors and now many investors simply blindly believe that PTOI's pyrolysis is the best in the world without ever having seen any evidence that's true.
What you have in PTOI is just a run-of-the-mill penny stock scam. The main difference between PTOI and other scams is that PTOI was much more egregious and bold in lying to investors...boldness which occasionally earned the company fraud charges and other litigation.
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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.