SPOT ON Prophet, Thank You! "Feasibility isn't
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Posted On: 03/13/2018 4:19:51 PM
Re: PaperProphet #39013
SPOT ON Prophet, Thank You!
"Feasibility isn't the problem. Youtube videos abound--basically anyone with a way to heat plastic and keep air out, no matter how simple, can feed in plastic bags and generate a diesel-like oil. Grad students, kids in India, etc..., etc.... All the way to bigger start up companies like Agilyx, Cassandra, VADXX, etc..., etc... which take investors' money and then never find a way to turn a profit.
A decade ago, along came PTOI which has claimed it found a way to solve the economics, even to the tune of incredible 90%+ gross margins. Except the founder couldn't say ten words without eleven of them being lies, was prosecuted for accounting fraud and couldn't ever run the processor profitably or even keep his story straight. That fraudster passed the baton to CEO Mr. Heddle who continues lying to investors by withholding material information and announcing sham deals which never go anywhere.
So the only company which claims to have solved the economics issue, is truth challenged and those other companies which aren't truth challenged never can show any results. What's going on?? The answer is in the cost of plastic feedstock vs. the cost of the final product. Either the cost of separating plastic from the waste stream or buying plastic as scrap vs. the oil produced. If you think that's wrong, ask PTOI to explain its value proposition to you--but be prepared for silence."
Read More: https://investorshangout.com/post/view?id=496...z59f7LPkfv
"Feasibility isn't the problem. Youtube videos abound--basically anyone with a way to heat plastic and keep air out, no matter how simple, can feed in plastic bags and generate a diesel-like oil. Grad students, kids in India, etc..., etc.... All the way to bigger start up companies like Agilyx, Cassandra, VADXX, etc..., etc... which take investors' money and then never find a way to turn a profit.
A decade ago, along came PTOI which has claimed it found a way to solve the economics, even to the tune of incredible 90%+ gross margins. Except the founder couldn't say ten words without eleven of them being lies, was prosecuted for accounting fraud and couldn't ever run the processor profitably or even keep his story straight. That fraudster passed the baton to CEO Mr. Heddle who continues lying to investors by withholding material information and announcing sham deals which never go anywhere.
So the only company which claims to have solved the economics issue, is truth challenged and those other companies which aren't truth challenged never can show any results. What's going on?? The answer is in the cost of plastic feedstock vs. the cost of the final product. Either the cost of separating plastic from the waste stream or buying plastic as scrap vs. the oil produced. If you think that's wrong, ask PTOI to explain its value proposition to you--but be prepared for silence."
Read More: https://investorshangout.com/post/view?id=496...z59f7LPkfv
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