Looks like PTOI dropped as low as $0.043 after bei
Post# of 43064
I know the current "joint venture" carrot looks juicy but Mr. Heddle pulled the same stunt just two years ago. Mr. Heddle supposedly vetted out a company called EcoNavigation which was going to buy six processors from PTOI and EcoNavigation supposedly found two customers willing to buy thirty more processors. The total value would have been about $85M. Those sales vanished without a trace or excuse. There have been seven and a half years of fake carrots so far. If you're new, don't fall for those tricks. CEO Mr. Heddle is a unethical businessman who literally let investors think that production was happening in early 2014 before giving the excuse that the processors had been broken six months earlier. Anyone who purchased shares during that time when that material information was being withheld was literally defrauded by Mr. Heddle.
The people here will try to tell you the stock is down here because of abusive shorts...but those same people can't explain how those abusive shorts somehow knew that every one of these deals would inexplicably fall apart. Just one processor sale or just running the processor at a profit at any time in the past seven years and these supposed shorts would have been hung out to dry. How do these supposed abusive shorts know that PTOI will keep failing, to give them the confidence to stay short a $0.05 stock that's supposedly worth tens of dollars/share??
PTOI was started by a Gregg Jaclin, a lawyer who ran a shell mill to crank out worthless shell companies, in conjunction with John Bordynuik, a swindler who was charged with fraud for cooking PTOI's books. Mr. Bordynuik paid off an accountant who was currently charged with felony DUI and violation of probation to sign off on the cooked books. The proprietary process itself was highly misrepresented and appears entirely worthless. Mr. Heddle was with PTOI since the beginning, and put together a fake deal to make plastic-to-oil ships for PTOI. Mr. Heddle also worked with EcoNavigation, a brand new LLC put together in part by a felon. PTOI is run by crooks who are still trusted unconditionally by the very shareholders who were victimized.
Caveat Emptor when considering buying shares in PTOI.