P2O has always been less than forthcoming in their
Post# of 43064
(Total Views: 152)
Posted On: 11/12/2017 8:24:20 PM
P2O has always been less than forthcoming in their 10k/Q's so actual breakdown is not available.
For instance for years they hid the revenue from cardboard recycling within the reported revenues for sales of their oil.
And although it took them years to admit they were not actually getting free plastic as they claimed, they have never produced any numbers as to what they were paying for their feedstock.
Or transportation costs.
Basically when the machines were running and not breaking down the only numbers available were what they reported as cost per gallon leaving any investors a serious lack of information.
For instance for years they hid the revenue from cardboard recycling within the reported revenues for sales of their oil.
And although it took them years to admit they were not actually getting free plastic as they claimed, they have never produced any numbers as to what they were paying for their feedstock.
Or transportation costs.
Basically when the machines were running and not breaking down the only numbers available were what they reported as cost per gallon leaving any investors a serious lack of information.
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