"This guy is very determined to get this plant sto
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What's ironic is that the person who wrote that letter hoping to stop the plant needn't worry about potential pollution from Foy Group's plastic-to-oil plant. Foy Group won't ever get the plant running.
In a similar situation, a number of people in Cleveland, Ohio, protested the building of VADXX's $20M plastic-to-oil plant five years ago. Whatever the reason, VADXX ultimately decided to build the plant in Akron instead. Now several years later after the plant has been built and ready to go in Akron, it appears to never have been started.
People throw money at these plastic-to-oil schemes as fast as they can and never ask for any evidence of value. PTOI is no different--the CEO chooses not to share any processor results whatsoever despite having significant data and shareholders choose to believe the process is highly valuable despite the absence of information. The constant stream of sham deals where customers supposedly want to buy multiple processors at a time for $2M each, helps convince investors that PTOI's process has value. Then 'bad luck' strikes each and every time and the deals mysteriously fall apart.