You're the one who asked, Gandalf. I know plastic-to-oil isn't commercially viable based on the costs of plastic and the potential final product. I can see PTOI's intentional and constant deception. The latter is what makes PTOI interesting. It makes me wonder how long they can keep it going...and so far it's almost a decade.
What makes it more interesting now is that Mr. Heddle is changing up the governance structure so I'm wondering if there's nothing left of value to take. Mr. Heddle pulled in $1.6M in the past year through the $600k sale to six note investors, through the sale of a piece of PTOI's property and through an insurance settlement for PTOI's own fraud. That's money which most likely went directly to pay himself as there don't appear to be many other expenses...and Mr. Heddle simply didn't pay other expenses, such as mortgages and mechanics' liens anyway. Is PTOI tapped dry so Mr. Heddle wants to tap out??
Although unlikely, PTOI's new directors, Mr. Aspin and Mr. Brain, could potentially influence the direction of the company...and it was Mr. Heddle who put that in place. It will be interesting to know if they're given any power...or if they're just taking on legal liability. It makes me wonder if Mr. Heddle now wants someone else to come in as CEO to manage what is essentially a big pile of debt with no real assets other than a dream. A new CEO would have the responsibility for raising money to pay his or her own salary and pay the debt owed to Mr. Heddle.
What's also interesting to me is that through 8.5 years of delays and excuses, PTOI never, ever blamed the commercial viability of the process. That high-value story is sacred and PTOI would fold if the story collapses. Mr. Bordynuik and Mr. Heddle have blamed everything under the sun...but they've been very careful to protect the story. That's not unusual in these types of companies...but it is interesting. Nobody suspects PTOI's technology is the problem because PTOI never mentions that anything might be amiss...even though the Patent Office refuses to issue any sort of patent, time after time, because PTOI can't show there is anything unique about their "disruptive" technology.
Reached posting limit.
What makes it more interesting now is that Mr. Heddle is changing up the governance structure so I'm wondering if there's nothing left of value to take. Mr. Heddle pulled in $1.6M in the past year through the $600k sale to six note investors, through the sale of a piece of PTOI's property and through an insurance settlement for PTOI's own fraud. That's money which most likely went directly to pay himself as there don't appear to be many other expenses...and Mr. Heddle simply didn't pay other expenses, such as mortgages and mechanics' liens anyway. Is PTOI tapped dry so Mr. Heddle wants to tap out??
Although unlikely, PTOI's new directors, Mr. Aspin and Mr. Brain, could potentially influence the direction of the company...and it was Mr. Heddle who put that in place. It will be interesting to know if they're given any power...or if they're just taking on legal liability. It makes me wonder if Mr. Heddle now wants someone else to come in as CEO to manage what is essentially a big pile of debt with no real assets other than a dream. A new CEO would have the responsibility for raising money to pay his or her own salary and pay the debt owed to Mr. Heddle.
What's also interesting to me is that through 8.5 years of delays and excuses, PTOI never, ever blamed the commercial viability of the process. That high-value story is sacred and PTOI would fold if the story collapses. Mr. Bordynuik and Mr. Heddle have blamed everything under the sun...but they've been very careful to protect the story. That's not unusual in these types of companies...but it is interesting. Nobody suspects PTOI's technology is the problem because PTOI never mentions that anything might be amiss...even though the Patent Office refuses to issue any sort of patent, time after time, because PTOI can't show there is anything unique about their "disruptive" technology.
Reached posting limit.
1
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.
