It always seems different. Every new deal announced by PTOI for the past nine years has felt to shareholders like success was finally at hand--if they didn't, shareholders would have left years ago. If you don't believe me, look back over messages from years past and you can re-live the excitement surrounding these deals. Oxy Vinyls, Coco Paving, Crayola, RockTenn, EcoNav and two customers, XTR Energy, Indigo, Sousa, Somerset Refinery, American Refinery Group, dozens of anonymous parties, Madison County, ... and that's probably less than half the list. The deals keep coming and investors always get super-excited...then the deals always vanish, usually silently.
It may sound great this time that new investors might be found to continue financing PTOI, this time indirectly through an LLC, but investors have already funded PTOI to the tune of $70M. PTOI has a fully licensed site where everything is ready to go except for supposedly some freeze damage and at last report there was plenty of cash on the books to fix that freeze damage...but Mr. Heddle opted not to fix anything. Now he's telling everyone a new LLC will start from scratch using PTOI's processors and, at a minimum, pay PTOI $4M from new investors before embarking on their own PTOI-inspired journey.
Think this through before putting in more money. There's a reason why PTOI hasn't produced any single result in almost a decade and there's a reason why PTOI isn't disclosing how well or poorly the processors produce economic results. At least consider the notion that PTOI's pyrolysis process is just regular pyrolysis--the processors can essentially melt plastic...but can do no better than anyone else can. There's a reason why Mr. Heddle doesn't want to run the processors...and it's not because he doesn't want to get rich.
Mr. Heddle may have given shareholders a 'Christmas present' with that press release which raised shareholders' optimism...but he didn't do anyone any favors.
It may sound great this time that new investors might be found to continue financing PTOI, this time indirectly through an LLC, but investors have already funded PTOI to the tune of $70M. PTOI has a fully licensed site where everything is ready to go except for supposedly some freeze damage and at last report there was plenty of cash on the books to fix that freeze damage...but Mr. Heddle opted not to fix anything. Now he's telling everyone a new LLC will start from scratch using PTOI's processors and, at a minimum, pay PTOI $4M from new investors before embarking on their own PTOI-inspired journey.
Think this through before putting in more money. There's a reason why PTOI hasn't produced any single result in almost a decade and there's a reason why PTOI isn't disclosing how well or poorly the processors produce economic results. At least consider the notion that PTOI's pyrolysis process is just regular pyrolysis--the processors can essentially melt plastic...but can do no better than anyone else can. There's a reason why Mr. Heddle doesn't want to run the processors...and it's not because he doesn't want to get rich.
Mr. Heddle may have given shareholders a 'Christmas present' with that press release which raised shareholders' optimism...but he didn't do anyone any favors.
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.
