Due diligence isn't magic. It's what investors do
Post# of 43064
Here's an example: If a company says they can generate crude oil and diesel from plastic at a cost of under $10/bbl ($0.25 per gallon), an investor should ask for some evidence from the company that this is possible. That's due diligence.
A person can look at scrap plastic prices and see that at $0.20/lb for scrap plastic, it would put the cost per gallon at about $1.40, or $56/bbl, just for the cost of the plastic feedstock. Since that seems that seems inconsistent with PTOI's claims and also renders profitability virtually impossible, doing due diligence would mean the investor would ask the company to sort out that inconsistency *before* investing.
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