Receiving no answer from the company is valuable information in itself. There's a reason why no answers are forthcoming from PTOI.
Normally a company in this situation would anticipate what questions investors might have and make sure investors stay informed...but PTOI doesn't even answer questions when directly asked. With PTOI's value proposition, it seems very likely that the $10/bbl oil/diesel story was fake...but Mr. Heddle doesn't reiterate those numbers nor provide new numbers. Complete silence on those topics is odd for any company with a supposedly valuable product which wants the world to know how great their technology really is.
As far as the excuse you mentioned that's now been carrying PTOI for almost four years, that the processors are broken, Mr. Heddle himself estimated it would cost $175k - $200k to fix the broken, freeze damaged pipes. $200k is multiples of the $25k it cost to install the pipes in the first place judging by the mechanic's lien put in place because PTOI didn't pay their bill.
Even this past year, Mr. Heddle received $600k from investors Mr. Leahy and Mr. Aspin and another $1M from an insurance settlement plus from selling a piece of property. $1.6M in just the past year...and the processors are still broken. Nice excuse for not moving forward...but it doesn't hold much water.
What about the four years before the processors broke?? Even the last excuse: after negotiating the MOU for a year, PTOI suddenly realized that the property they had in mind was unacceptable and needed another five months. Isn't it odd that PTOI keeps having bad luck over and over and over and over and over and that each bad luck event stops PTOI dead in its tracks??
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Normally a company in this situation would anticipate what questions investors might have and make sure investors stay informed...but PTOI doesn't even answer questions when directly asked. With PTOI's value proposition, it seems very likely that the $10/bbl oil/diesel story was fake...but Mr. Heddle doesn't reiterate those numbers nor provide new numbers. Complete silence on those topics is odd for any company with a supposedly valuable product which wants the world to know how great their technology really is.
As far as the excuse you mentioned that's now been carrying PTOI for almost four years, that the processors are broken, Mr. Heddle himself estimated it would cost $175k - $200k to fix the broken, freeze damaged pipes. $200k is multiples of the $25k it cost to install the pipes in the first place judging by the mechanic's lien put in place because PTOI didn't pay their bill.
Even this past year, Mr. Heddle received $600k from investors Mr. Leahy and Mr. Aspin and another $1M from an insurance settlement plus from selling a piece of property. $1.6M in just the past year...and the processors are still broken. Nice excuse for not moving forward...but it doesn't hold much water.
What about the four years before the processors broke?? Even the last excuse: after negotiating the MOU for a year, PTOI suddenly realized that the property they had in mind was unacceptable and needed another five months. Isn't it odd that PTOI keeps having bad luck over and over and over and over and over and that each bad luck event stops PTOI dead in its tracks??
Reached posting limit.
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.
