PTOI Time Line
2009 - The year of getting the processor ready.
2010 - Getting the processor running delayed due to permits but the year went out with a bang--the processor was put in commercial operation producing 115 bbl of crude oil at a cost of under $10/bbl. Over $1M/quarter in profits for those who did the calculations.
2011 - Mostly silence until the end of 2011...at which point founder Mr. Bordynuik announced that the processor wasn't really running for most of the year like investors thought. Mr. Bordynuik had taken it out of operation to 'enhance' it to double the output. Nobody bothered to ask why he didn't just keep it running to net over $1M/quarter in profits and work on a second one instead of killing the golden goose.
2012 - Processor #1 is taken out of the full production which never happened so processor #2 could be built. Running while welding was unsafe. In Feb 2012, both processors were running in full production. Well, later it was disclosed that all sorts of problems cropped up and neither of them were running.
2013 - Processor #3, the flagship was completed in the spring while #1 and #2 vanished from communications. Processor #3 then commenced with the slowest startup ever...but finally seven months later at the end of 2013 it was in full commercial production and ramping up production. The only problem was getting an operator to run the processor at the 10% higher rate which Mr. Bordynuik was able to achieve.
2014 - Half way through the year, newer CEO Mr Heddle announced that cold weather had put the plant out of commission in late 2013 and no production was occurring. The state of the plant was unclear for the rest of 2014.
2015 - EcoNav LLC, a new limited-liability company with no identifiable assets, comes on the scene early January, 2015, and promises to buy six processors. They quickly find two additional customers willing to buy thirty more processors. The year ends with no sales and a perpetually-extended deadline.
2016 - (New story for 2016 still has not been dispensed, Mr. Heddle!)
2009 - The year of getting the processor ready.
2010 - Getting the processor running delayed due to permits but the year went out with a bang--the processor was put in commercial operation producing 115 bbl of crude oil at a cost of under $10/bbl. Over $1M/quarter in profits for those who did the calculations.
2011 - Mostly silence until the end of 2011...at which point founder Mr. Bordynuik announced that the processor wasn't really running for most of the year like investors thought. Mr. Bordynuik had taken it out of operation to 'enhance' it to double the output. Nobody bothered to ask why he didn't just keep it running to net over $1M/quarter in profits and work on a second one instead of killing the golden goose.
2012 - Processor #1 is taken out of the full production which never happened so processor #2 could be built. Running while welding was unsafe. In Feb 2012, both processors were running in full production. Well, later it was disclosed that all sorts of problems cropped up and neither of them were running.
2013 - Processor #3, the flagship was completed in the spring while #1 and #2 vanished from communications. Processor #3 then commenced with the slowest startup ever...but finally seven months later at the end of 2013 it was in full commercial production and ramping up production. The only problem was getting an operator to run the processor at the 10% higher rate which Mr. Bordynuik was able to achieve.
2014 - Half way through the year, newer CEO Mr Heddle announced that cold weather had put the plant out of commission in late 2013 and no production was occurring. The state of the plant was unclear for the rest of 2014.
2015 - EcoNav LLC, a new limited-liability company with no identifiable assets, comes on the scene early January, 2015, and promises to buy six processors. They quickly find two additional customers willing to buy thirty more processors. The year ends with no sales and a perpetually-extended deadline.
2016 - (New story for 2016 still has not been dispensed, Mr. Heddle!)
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.
