To be fair, PTOI's founder, Mr. Bordynuik, was very clear in saying that the process made oil and diesel for under $10/bbl after he tested the process on a table top version and after he tested the process on a one-ton processor. He stood by those numbers when he announced full commercial production in late 2010. A lot of people did invest based on those numbers.
If the $10/bbl oil and $10/bbl diesel representations specifically made by PTOI are deemed to be no longer true then what exactly goes into the processor and what exactly comes out?? PTOI hasn't given any update on that. Merely adding an arbitrary tolerance band around garbage numbers doesn't make PTOI's version of pyroysis any better than regular pyrolysis. What if Mr. Bordynuik claimed he could make diesel for under $1/bbl...could you multiply that by three and feel safe that the real number is under $3/bbl??
I will say that if the process had any value, Mr. Heddle is smart enough to know that describing the results of the testing of the 'flagship processor' during the back half of 2013 would be enough to get financing rolling in and make everyone happy. He's not doing so. If the results aren't good then the PTOI's processor is simply a 'solution' in search of a problem...just like Kior, Agilyx and a number of other failed pyrolysis companies. If the processor results showed that PTOI's processor could produce a fuel from waste plastic worthy of obtaining green credits, saving tipping fees, etc... where Agilyx, Kior and others couldn't, you can bet your bottom dollar Mr. Heddle would be shouting from the rooftops.
The often told tear-jerking sob story that Mr. Heddle shouldn't give any updates until he can show positive results because the mean old bashers will pick apart the updates on the message boards, doesn't hold water. Mr. Heddle isn't giving worthwhile updates because he's intentionally trying to keep investors in the dark.
If the $10/bbl oil and $10/bbl diesel representations specifically made by PTOI are deemed to be no longer true then what exactly goes into the processor and what exactly comes out?? PTOI hasn't given any update on that. Merely adding an arbitrary tolerance band around garbage numbers doesn't make PTOI's version of pyroysis any better than regular pyrolysis. What if Mr. Bordynuik claimed he could make diesel for under $1/bbl...could you multiply that by three and feel safe that the real number is under $3/bbl??
I will say that if the process had any value, Mr. Heddle is smart enough to know that describing the results of the testing of the 'flagship processor' during the back half of 2013 would be enough to get financing rolling in and make everyone happy. He's not doing so. If the results aren't good then the PTOI's processor is simply a 'solution' in search of a problem...just like Kior, Agilyx and a number of other failed pyrolysis companies. If the processor results showed that PTOI's processor could produce a fuel from waste plastic worthy of obtaining green credits, saving tipping fees, etc... where Agilyx, Kior and others couldn't, you can bet your bottom dollar Mr. Heddle would be shouting from the rooftops.
The often told tear-jerking sob story that Mr. Heddle shouldn't give any updates until he can show positive results because the mean old bashers will pick apart the updates on the message boards, doesn't hold water. Mr. Heddle isn't giving worthwhile updates because he's intentionally trying to keep investors in the dark.
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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.
