"Documentation of processor and engineering validation were
"Documentation of processor and engineering validation were completed when Heddle took over, and it is baffling that he has not been able to close a sale as yet. I suspect Heddle is used to customers "needing his services" at the marine facility, and he likely does not know how to negotiate complex variables involved in a processor sale, where one needs to reach out to others and persist."
- Korogi
Going beyond the longs' thesis that Mr. Heddle just doesn't know how to communicate and that Mr. Heddle just doesn't know how to negotiate, Korogi brings up a point on which he should follow through. I'm sure other longs are also baffled as to why customers keep turning down the opportunity to buy PTOI's supposedly wonderful technology.
What Korogi could do is e-mail Mr. Heddle and simply ask why all of these deals keep falling apart. What is it that customers don't like about PTOI's processor that compels them to pass?? Obviously there's a disconnect between what investors believe and what prospective customers believe. A few good questions could clear that up.
The excuse for the last delay was that Mr. Heddle needed to negotiate permits and zoning. The new delay doesn't offer any excuse. Is it still permits and zoning or did a brand new snag in the negotiations pop up??
Keep in mind that CEO Mr. Heddle doesn't even want to run PTOI's processor...and he doesn't even have to pay $2.5M to buy the processor...nor go through "complex negotiations" to get the processor. I think it's a safe hypothesis that PTOI's processor isn't any more economical to run than any other plastic-to-oil start up company's plastic melting/evaporating system. Maybe that hypothesis could be run by Mr. Heddle as well to see whether he agrees with that or not. Even if he's just "bad at communicating," he could at least nod his head 'yes' or shake his head 'no' for simplicity.
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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.
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