2016 hasn't had the allure of previous years for PTOI.
2009 had Mr. Bordynuik fully testing the process and purchasing the Donghe processor for use with his secret catalyst. At that time, the secret catalyst was the ingredient which supposedly gave JBII/PTOI the unfair advantage.
2010 had the processor ready to go and investors were just waiting for the air permit for most of the year. Full commercial production was announced at the end of the year.
2011 had investors believing full commercial production was happening for most of the year, producing 115 bbl/day of $100/bbl oil.
2012 had investors believing the second, improved, processor was online, with the only obstacle being rain on the feedstock, bad feedstock, etc...
2013 had investors believing that Mr. Bordynuik had improved the process further and saw the "flagship" processor come online in June...followed by an update at the end of the year that everything was going swimmingly.
2014 had investors believing for the first half of the year that processor #3 was cranking away producing oil and diesel for under $10/bbl before announcing that it had actually been kaput the entire time. That was followed up by a press release announcing the processors were fixed so, obviously, production must be happening again.
2015 had investors believing that processors were sold for $2.5M each and that the LLC buying six processors also found two customers to buy an additional thirty+ processors. The entire year was spent waiting for a pilot test.
2016 ...Mr. Heddle promised to announce something to pump the stock but that fizzled...otherwise nothing for the first half of the year.
Maybe Mr. Heddle is taking a year off and will start pumping again in 2017??
2009 had Mr. Bordynuik fully testing the process and purchasing the Donghe processor for use with his secret catalyst. At that time, the secret catalyst was the ingredient which supposedly gave JBII/PTOI the unfair advantage.
2010 had the processor ready to go and investors were just waiting for the air permit for most of the year. Full commercial production was announced at the end of the year.
2011 had investors believing full commercial production was happening for most of the year, producing 115 bbl/day of $100/bbl oil.
2012 had investors believing the second, improved, processor was online, with the only obstacle being rain on the feedstock, bad feedstock, etc...
2013 had investors believing that Mr. Bordynuik had improved the process further and saw the "flagship" processor come online in June...followed by an update at the end of the year that everything was going swimmingly.
2014 had investors believing for the first half of the year that processor #3 was cranking away producing oil and diesel for under $10/bbl before announcing that it had actually been kaput the entire time. That was followed up by a press release announcing the processors were fixed so, obviously, production must be happening again.
2015 had investors believing that processors were sold for $2.5M each and that the LLC buying six processors also found two customers to buy an additional thirty+ processors. The entire year was spent waiting for a pilot test.
2016 ...Mr. Heddle promised to announce something to pump the stock but that fizzled...otherwise nothing for the first half of the year.
Maybe Mr. Heddle is taking a year off and will start pumping again in 2017??
1
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.
