"BECAUSE THE PROCESS WORKS"
Sure the process works. It's pyrolysis and pyrolysis really can break down plastic and organic material into gasses, oils and char. There's just enough truth to the story to whet investors' appetites. That's why numerous scam companies have used that pyrolysis concept to regale investors over the past decades. "Waste to oil" gets a lot of traction. However, pyrolyzing garbage gives an oil which worth about the same as garbage. Sure the oil can burn...but then so could the garbage. While I personally believe that pyrolyzing pure HDPE/LDPE plastic can give a valuable fuel, even scrap HDPE is expensive. Even sorting HDPE/LDPE out of landfills is labor intensive.
I can understand that nobody believes it when I show them the math of how scrap can't profitably be turned into oil. After all, maybe PTOI can find some really worthless feedstock and turn it into quality oil. In an optimistic black box, anything is possible. However it's still a black box and PTOI literally hides those actual results of the runs from investors and has been hiding results for six years. The only thing anyone knows is that Mr. Heddle has decided the processors are not worth running at the company's facilities and the only reason would be that PTOI has, to date, not found any feedstock anywhere, anyhow, under any circumstances...which could be transformed to an oil worth more than the feedstock.
It's psychology. If something said supports the idea that PTOI is valuable, like suggestion of value from the company or that there are twice as many short shares 'manipulating the stock down' as outstanding shares, it requires no proof. Longs just accept positive statements as fact so the company doesn't have to provide any evidence of value.
On the other hand if something said doesn't support the company, like PTOI's accounting fraud, it will be refuted, refuted and refuted and proof four ways until Sunday will be demanded. Once the proof is out, the SEC and OSC litigate and, as part of the settlment, Mr. Bordynuik admits that his intent was to deceive investors...only then is the proof enough and it becomes, "That's ancient history! Nobody relied on that accounting anyway!"
You investors would do well to ask the company which is taking your money as investment to provide evidence that they have something worthy of investment...not demanding from skeptics some proof that the black box the tight-lipped company is holding doesn't contain something of value.
Even my post will now be "evidence" that "shorts are running scared." To those people I ask, did you squeeze all of the money out of your bank accounts and mortgage your house to buy into PTOI which you believe was manipulated to a tiny fraction of its true value?? If not, why not?? Don't you want to put your money where your mouth is?? Why are you personally taking a pass on what you are promoting to others as a golden opportunity??
Sure the process works. It's pyrolysis and pyrolysis really can break down plastic and organic material into gasses, oils and char. There's just enough truth to the story to whet investors' appetites. That's why numerous scam companies have used that pyrolysis concept to regale investors over the past decades. "Waste to oil" gets a lot of traction. However, pyrolyzing garbage gives an oil which worth about the same as garbage. Sure the oil can burn...but then so could the garbage. While I personally believe that pyrolyzing pure HDPE/LDPE plastic can give a valuable fuel, even scrap HDPE is expensive. Even sorting HDPE/LDPE out of landfills is labor intensive.
I can understand that nobody believes it when I show them the math of how scrap can't profitably be turned into oil. After all, maybe PTOI can find some really worthless feedstock and turn it into quality oil. In an optimistic black box, anything is possible. However it's still a black box and PTOI literally hides those actual results of the runs from investors and has been hiding results for six years. The only thing anyone knows is that Mr. Heddle has decided the processors are not worth running at the company's facilities and the only reason would be that PTOI has, to date, not found any feedstock anywhere, anyhow, under any circumstances...which could be transformed to an oil worth more than the feedstock.
It's psychology. If something said supports the idea that PTOI is valuable, like suggestion of value from the company or that there are twice as many short shares 'manipulating the stock down' as outstanding shares, it requires no proof. Longs just accept positive statements as fact so the company doesn't have to provide any evidence of value.
On the other hand if something said doesn't support the company, like PTOI's accounting fraud, it will be refuted, refuted and refuted and proof four ways until Sunday will be demanded. Once the proof is out, the SEC and OSC litigate and, as part of the settlment, Mr. Bordynuik admits that his intent was to deceive investors...only then is the proof enough and it becomes, "That's ancient history! Nobody relied on that accounting anyway!"
You investors would do well to ask the company which is taking your money as investment to provide evidence that they have something worthy of investment...not demanding from skeptics some proof that the black box the tight-lipped company is holding doesn't contain something of value.
Even my post will now be "evidence" that "shorts are running scared." To those people I ask, did you squeeze all of the money out of your bank accounts and mortgage your house to buy into PTOI which you believe was manipulated to a tiny fraction of its true value?? If not, why not?? Don't you want to put your money where your mouth is?? Why are you personally taking a pass on what you are promoting to others as a golden opportunity??
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.
