"A sale which would lift the sp, squeeze the short
Post# of 43064
It's even easier than that. Mr. Heddle just needs to show the numbers from the best case run--what exactly went into the processor (price, quantity, source) and what exactly came out (realized price in an unrelated third-party transaction, quantity).
It's not a sale investors need--investors were whipsawed by that latest business plan shift to pursuing sales three years ago just like previously investors supposedly just needed production. In the future Mr. Heddle could shift the business plan to licensing and the carrot would be fresh again. It comes down to what value the process can provide...and the cat has Mr. Heddle's tongue on that very important point. Mr. Heddle stays mute and investors don't ask--it's a perfect symbiotic relationship.
If there was any value to PTOI's process, even in turning others' 'waste' plastic into fuel, PTOI could have gotten paid to take waste, processed the waste plastic and turned that value into cash. Since PTOI itself has found no way to profitably process any plastic in over seven years and would rather keep the processors idle, what are the odds that some customer could find enough value in a processor to pay $2.5M??
Mr. Heddle is just as dishonest as Mr. Bordynuik before him. They're very literally swindlers. You can see how Mr. Heddle withheld material information about their 'flagship' processor being out of commission for six months even after his last communication to investors was that production was ramping up. By holding and averaging down, you're continuing to trust a con man with your money.
Think about the possible reasons why Mr. Heddle has chosen to stay silent on how well the processor can actually process material. Can you think of any reason why Mr. Heddle wouldn't want the world to know how well the process does or doesn't work??