"Plastic2Oil is fits the classic definition of a p
Post# of 43066
Posted On: 06/30/2015 11:18:12 AM
"Plastic2Oil is fits the classic definition of a publicly traded, development stage company. Many fail. Some succeed. Investors must make their own decisions based on their own research."
- Xxxxcslewis
I have two problems with that statement. The first is because PTOI always alleges that it's already commercial when convenient and "development" when trying to explain away delays. Keep in mind that in 2009 at the reverse merger, PTOI represented that development was already complete on the secret catalyst. The catalyst only needed to be added to an off-the-shelf pyrolysis processor. PTOI, via Mr. Bordynuik, tested the catalyst and continued his cost and price claims. In late 2010, PTOI announced "commercial operations," represented as 115 bbl/day clearing around $80/bbl. "Development" was supposedly done years ago.
Are you saying the company is still in development but is actively trying to sell processors before the process is full developed??...or are you using "development stage" to paint PTOI in some sort of infancy stage after over six years??
Second, the "...based on their own research." belies the fact that PTOI does not give information on how well the process produces results. Investors can research all they want and they will never find the answer. That information is withheld from the very investors who own the company. The investors, again who own the company, could quickly determine whether PTOI falls into the "many fail" or "some succeed" category by demanding that Mr. Heddle show the results of the process.
Has PTOI found any situation where it's worthwhile to shove plastic into one end of the processor and pyrolyze that plastic into oil?? Only Mr. Bordynuik, Mr. Heddle and maybe a few other insiders know. The investors who constantly donate money to PTOI and who actually own the company aren't privy to that information. I've done the math and I can see the situation--if PTOI shared that information with its shareholders, shareholder donations would fall off sharply and that conflicts with Mr. Heddle's goals.
- Xxxxcslewis
I have two problems with that statement. The first is because PTOI always alleges that it's already commercial when convenient and "development" when trying to explain away delays. Keep in mind that in 2009 at the reverse merger, PTOI represented that development was already complete on the secret catalyst. The catalyst only needed to be added to an off-the-shelf pyrolysis processor. PTOI, via Mr. Bordynuik, tested the catalyst and continued his cost and price claims. In late 2010, PTOI announced "commercial operations," represented as 115 bbl/day clearing around $80/bbl. "Development" was supposedly done years ago.
Are you saying the company is still in development but is actively trying to sell processors before the process is full developed??...or are you using "development stage" to paint PTOI in some sort of infancy stage after over six years??
Second, the "...based on their own research." belies the fact that PTOI does not give information on how well the process produces results. Investors can research all they want and they will never find the answer. That information is withheld from the very investors who own the company. The investors, again who own the company, could quickly determine whether PTOI falls into the "many fail" or "some succeed" category by demanding that Mr. Heddle show the results of the process.
Has PTOI found any situation where it's worthwhile to shove plastic into one end of the processor and pyrolyze that plastic into oil?? Only Mr. Bordynuik, Mr. Heddle and maybe a few other insiders know. The investors who constantly donate money to PTOI and who actually own the company aren't privy to that information. I've done the math and I can see the situation--if PTOI shared that information with its shareholders, shareholder donations would fall off sharply and that conflicts with Mr. Heddle's goals.
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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.