I don't know if I can do better DD on PTOI than I'
Post# of 43066
Posted On: 09/17/2015 12:59:54 PM
I don't know if I can do better DD on PTOI than I've already doone. I pointed out exactly why PTOI was defrauding shareholders with the $10/bbl claims and with the accounting *before* PTOI was even charged with accounting fraud by the SEC--I pointed out the accounting fraud before it became public information. I've placed phone calls to customers to ask about the relationship and I've e-mailed PTOI--the phone calls were unconclusive and PTOI simply doesn't respond to my e-mails.
I wrote an article four years ago on SeekingAlpha showing exactly what investors are seeing and what they would see--you can re-read it and see how spot on I was. It was a darn near 100% perfect crystal ball. That article saved everyone who sold a loss of 95% on their money.
I can point investors to scrap plastic prices and show that even if that plastic could be converted to 100% in-spec diesel then it's still not worth processing. Plastic is a value-added material and if it's sorted out of the waste stream, it has a higher value to plastic recyclers than converted to any type of fuel. Anyone who digested the simple math undoubtedly saved themselves another 90% loss. Those who didn't are looking for others to blame for their losses.
I can tell you that honest start up companies will make it paramount to do a proof-of-concept as soon as possible. Founder Mr. Bordynuik said he did one...but as you can see from the charges by the SEC and the OSC, Mr. Bordynuik is a swindler. His claims are fake and Mr. Heddle makes no attempt to do a real proof-of-concept. I don't know what type of start up companies of which you were a part, which never did any sort of analysis to show how they could be commercially viable...but my guess is that those companies never made a profit either.
So go ahead and continue to poo-poo everything I say. It will continue to cost you. The 'manipulators', whom you are convinced drove the company down from $7 to $0.07, don't exist. It's PTOI which continues to lie, lie by omission and never deliver which is hurting your investment. Trying to tell me to do DD while you've been getting smacked around by PTOI for close to seven years isn't a logical call. Not only have I done the DD, I've shared it.
Well, I'm out of posts.
I wrote an article four years ago on SeekingAlpha showing exactly what investors are seeing and what they would see--you can re-read it and see how spot on I was. It was a darn near 100% perfect crystal ball. That article saved everyone who sold a loss of 95% on their money.
I can point investors to scrap plastic prices and show that even if that plastic could be converted to 100% in-spec diesel then it's still not worth processing. Plastic is a value-added material and if it's sorted out of the waste stream, it has a higher value to plastic recyclers than converted to any type of fuel. Anyone who digested the simple math undoubtedly saved themselves another 90% loss. Those who didn't are looking for others to blame for their losses.
I can tell you that honest start up companies will make it paramount to do a proof-of-concept as soon as possible. Founder Mr. Bordynuik said he did one...but as you can see from the charges by the SEC and the OSC, Mr. Bordynuik is a swindler. His claims are fake and Mr. Heddle makes no attempt to do a real proof-of-concept. I don't know what type of start up companies of which you were a part, which never did any sort of analysis to show how they could be commercially viable...but my guess is that those companies never made a profit either.
So go ahead and continue to poo-poo everything I say. It will continue to cost you. The 'manipulators', whom you are convinced drove the company down from $7 to $0.07, don't exist. It's PTOI which continues to lie, lie by omission and never deliver which is hurting your investment. Trying to tell me to do DD while you've been getting smacked around by PTOI for close to seven years isn't a logical call. Not only have I done the DD, I've shared it.
Well, I'm out of posts.
(0)
(0)