I didn't have anything to do with your losses.
Post# of 43066
Posted On: 03/10/2016 7:54:31 PM
I didn't have anything to do with your losses.
You'll have to admit the difference in the company from seven years ago. Back then PTOI represented that they had a fully tested and operational processor already placed in highly profitable commercial full production and which converted waste into a crude oil equivalent for under $10/bbl for which refineries were offering WTI-$3 or about $80/bbl. As of over two years ago, the even better "flagship" processor setup isn't even worth fixing. Of the millions of dollars Mr. Heddle loaned to the company at 12%...none of that went to the company's estimate of $200k to fix the condenser.
So where did Mr. Heddle's millions go which provided a better return to PTOI than a processor which could process 30 tons into 150 bbls of oil per day and clear over a million dollars every quarter??? We don't have transparency but you can bet that the money went right back to pay Mr. Heddle for his services...and if the company gets fresh money, Mr. Heddle's senior debt will be the first in line to be paid back.
Is it any wonder why the stock sank 99.5%??
I'm not your problem...but I do understand that you and other investors want to feel good about their investment and don't want to hear any opinions that their company is a scam. As the other person said, you don't have to listen. Good luck on your investment.
You'll have to admit the difference in the company from seven years ago. Back then PTOI represented that they had a fully tested and operational processor already placed in highly profitable commercial full production and which converted waste into a crude oil equivalent for under $10/bbl for which refineries were offering WTI-$3 or about $80/bbl. As of over two years ago, the even better "flagship" processor setup isn't even worth fixing. Of the millions of dollars Mr. Heddle loaned to the company at 12%...none of that went to the company's estimate of $200k to fix the condenser.
So where did Mr. Heddle's millions go which provided a better return to PTOI than a processor which could process 30 tons into 150 bbls of oil per day and clear over a million dollars every quarter??? We don't have transparency but you can bet that the money went right back to pay Mr. Heddle for his services...and if the company gets fresh money, Mr. Heddle's senior debt will be the first in line to be paid back.
Is it any wonder why the stock sank 99.5%??
I'm not your problem...but I do understand that you and other investors want to feel good about their investment and don't want to hear any opinions that their company is a scam. As the other person said, you don't have to listen. Good luck on your investment.
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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.