So as a reminder as to the current situation, shar
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Posted On: 02/12/2018 11:33:00 AM
So as a reminder as to the current situation, shareholders are currently waiting for a limited liability company called Veridisyn to purchase the first two, out of six, units from PTOI by April 27th, based on a master agreement Veridisyn signed with PTOI. According to the agreement, Veridisyn will purchase the units for $2M each, will give PTOI 5% of gross fuel sales and will buy the catalyst from PTOI. The agreement promises to rain money onto shareholders.
However by now everyone knows that April 27th will come with an "deadline extended but now the situation is even better!" excuse as Mr. Heddle throws out even more carrots to weary and unwary shareholders. Shareholders have been through this many, many times with PTOI over the past decade and PTOI has never shown their supposed technology has any value whatsoever...but hope really does spring eternal.
As usual, Mr. Heddle only keeps one story in the air at any one time and the stories play themselves out over a year or two. Previous CEO Mr. Bordynuik at least pretended he was still pursuing deals rather than waiting. It now looks like the 90 day extensions might be a thing of the past and Mr. Heddle seems to have switched to throwing carrots 120 days into the future. That way he only has to 'update' his sham stories three times a year rather than four. For those who believe the stories aren't shams and that Mr. Heddle truly believes in what he is telling investors, wait a few years and take notes.
However by now everyone knows that April 27th will come with an "deadline extended but now the situation is even better!" excuse as Mr. Heddle throws out even more carrots to weary and unwary shareholders. Shareholders have been through this many, many times with PTOI over the past decade and PTOI has never shown their supposed technology has any value whatsoever...but hope really does spring eternal.
As usual, Mr. Heddle only keeps one story in the air at any one time and the stories play themselves out over a year or two. Previous CEO Mr. Bordynuik at least pretended he was still pursuing deals rather than waiting. It now looks like the 90 day extensions might be a thing of the past and Mr. Heddle seems to have switched to throwing carrots 120 days into the future. That way he only has to 'update' his sham stories three times a year rather than four. For those who believe the stories aren't shams and that Mr. Heddle truly believes in what he is telling investors, wait a few years and take notes.
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(0)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.