If this was some sort of private venture I could see that. But pubco companies need investors, and investors expect a return on there investment. So when determining if a company is worthy, knowing what what the costs are is important. Right now, PTO has tens of millions in debt, operations have ceased, sales don't appear to be imminent, and the debt is increasing to the tune of about 12% a year.
As mentioned ted before, I highly doubt government incentives will be easy to find in the current political climate. And the pressure to "go green" is dissipating imo.
At this point, an all out sale of the company may be the way it has to go.