"btw all equities carry risk .. there is no such t
Post# of 43064
There is such a thing as a guaranteed loss. If you find a company where the math simply doesn't work out, it's guaranteed that company is worthless and that the stock price will eventually converge to that value of $0.
That could also have been a guaranteed very nice gain but historically PTOI's borrow costs were too prohibitively high for anyone wanting to short the stock.
Here's a new 'DD list', to follow the example of a previous PTOI investor:
1) Does the math work out? The price of scrap plastic vs. the price of diesel show that it doesn't work in PTOI's case. Investors can stop at this step as this failure automatically means the company is worthless.
2) Are insiders honest enough to trust with your money? PTOI's history of accounting fraud with the media credits and current CEO's withholding material information show that PTOI badly fails this criteria.
3) Are the delays continuous despite supposedly having a revolutionary and valuable technology? In PTOI's case...eight years worth of delays and counting. In one quarter (three months), investors will see the next scheduled delay...unless the CEO simply goes silent.
Ignoring those steps is tantamount to throwing away money.