"2. JB and Heddle are scammers and liars." Hold
Post# of 43064
(Total Views: 218)
Posted On: 07/18/2017 12:37:56 PM
"2. JB and Heddle are scammers and liars."
Hold on there. I agree with (2) but I don't say investors are stupid.
PTOI founder Mr. Bordynuik clearly committed accounting fraud when he traded $1M worth of shares (at the time) for media credits and booked them at $10M. No auditor would would have signed off on that either without undue influence...which explains why Mr. Bordynuik paid for the auditor's criminal trial for felony DUI and possession of marijuana to get the auditor to sign off on the fraudulent accounting. https://www.sec.gov/litigation/complaints/2012/comp22220.pdf
When Mr. Heddle took over as CEO of PTOI in late 2013, he told investors that production of the flagship processor was increasing. His only stated concern was that operators could only achieve 90% of Mr. Bordynuik's throughput when running the processor. When Mr. Heddle then hid the plant breakage for six months while letting investors go on thinking production was increasing, that was Mr. Heddle pounding the table telling investors that they shouldn't trust him as CEO.
For the processor, anyone can look at the price of scrap plastic and see if the math works out in the most optimistic case of fuel production, even choosing the petroleum fuel of their choice. The math doesn't work. I encourage investors to try to talk to Mr. Heddle to get answers...but I haven't made any judgments about those who don't.
Yes, I believe that PTOI's pyrolysis processor is just a regular pyrolysis processor with no value. Everything else is just inferences.
Hold on there. I agree with (2) but I don't say investors are stupid.
PTOI founder Mr. Bordynuik clearly committed accounting fraud when he traded $1M worth of shares (at the time) for media credits and booked them at $10M. No auditor would would have signed off on that either without undue influence...which explains why Mr. Bordynuik paid for the auditor's criminal trial for felony DUI and possession of marijuana to get the auditor to sign off on the fraudulent accounting. https://www.sec.gov/litigation/complaints/2012/comp22220.pdf
When Mr. Heddle took over as CEO of PTOI in late 2013, he told investors that production of the flagship processor was increasing. His only stated concern was that operators could only achieve 90% of Mr. Bordynuik's throughput when running the processor. When Mr. Heddle then hid the plant breakage for six months while letting investors go on thinking production was increasing, that was Mr. Heddle pounding the table telling investors that they shouldn't trust him as CEO.
For the processor, anyone can look at the price of scrap plastic and see if the math works out in the most optimistic case of fuel production, even choosing the petroleum fuel of their choice. The math doesn't work. I encourage investors to try to talk to Mr. Heddle to get answers...but I haven't made any judgments about those who don't.
Yes, I believe that PTOI's pyrolysis processor is just a regular pyrolysis processor with no value. Everything else is just inferences.
(1)
(0)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.
Scroll down for more posts ▼