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  4. Plastic2Oil, Inc. (PTOI) Message Board

Receiving no answer from the company is valuable i

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Post# of 43066
(Total Views: 397)
Posted On: 10/21/2017 9:22:10 PM
Posted By: Faustus
Re: PaperProphet #37752
Quote:
Receiving no answer from the company is valuable information in itself.



Or maybe there is simply nothing new to report. But no answers certainly opens the door to all sorts of fairy tales.

Quote:
There's a reason why no answers are forthcoming from PTOI.



Yes - see Answer #1 above.

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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 no operations and limited sales efforts, there is simply nothing to continuously update investors about. And yes, PTOI has answered questions - maybe not the ones you wanted answered, but they have answered questions. The contention that PTOI is hiding some sort of nefarious secret is simply more false narrative, feeble attempts to suggest controversy and malfeasance where none likely exist. Lame.

Quote:
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.



Hardly odd, if you take a little time to think about it. Until they (indeed, IF they) actually sell a processor and gather more run-time data based on specific waste materials, I think that trying to project per barrel costs would be little more than SWAGs, and not very useful. But issuing rough guesses would certainly give ammo to the perpetual naysayers if PTOI revises their initial projections later (I can already hear echoes of "LIAR! FRAUD!" as I type)

Quote:
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.



Focusing solely on the initial repair costs offered up years ago conveniently ignores all of the other start up costs (labor, securing & transporting enough feedstock for extended runs, etc) that would be incurred when bringing the Niagara facility back online; it is also entirely possible that until a long term, financially sustainable option of running the plant presents itself, the current team is erring on the side of caution. If Heddle has simply stuffed his pockets with the money received over the past few years, that will show up and he will have to answer for that - although he has been the lender of last resort for PTOI over that same period, and likely has a right to recoup that money.

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What about the four years before the processors broke??



What about them? From table top to Processor 3 - x number of gallons produced, x number of pounds of waste plastic converted. Certainly not $billions in revenues, but most companies rarely develop such revenue streams while developing their technology.

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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??
Quote:


I'll go out on a limb and guess that ALL shareholders here are frustrated with the lack of progress on the sales / licensing front - but with limited funds, a CEO with little public company / technology development experience, in a marketplace that is still not mature, the delays and discoveries are not that surprising.

Quote:
Reached posting limit.



Shame.




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