I made a mistake investing in P2O. I made a bigge
Post# of 43066
(Total Views: 399)
Posted On: 05/03/2018 11:25:51 PM
Re: Capitalgain #39606
I made a mistake investing in P2O. I made a bigger mistake by believing the hype and not the basic fundamentals. And I made an even bigger mistake by not cutting my losses years ago. I am only a shareholder now because it would probably cost me more to dump my shares than they are worth at this point. I sold some last year to offset some gains.
There’s nothing wrong with admitting you made a mistake.
There is no way in hell that P20 can make diesel out of plastic for a profit without a large amount of subsidy. It’s just a fact. Many refuse to believe it, but it is a fact. Regardless of what was said previously by whomever. The processor CANNOT process dirty random plastic and turn it into diesel fuel or any other. Not only does any plastic waste need sorting and processing, it also requires sorting, cleaning....and a 50% htf additive AT A MINIMUM to work optimally.
I understand that those facts make shareholders unhappy, and most would like to pretend it isn’t true. But it is the truth. It sucks, but it is.
Trying to figuratively kill the messenger won’t change anything on this or any,other SMB. Pointing to every other excuse won’t change the fact either. Shareholders were mislead. Whether that was intentional or not is another topic.
Blaming it on NSSs is just foolish.
The company is an absolute failure. And the stock price reflects that. There is absolutely no value here.
For me it’s a matter of already having lost 99.9%; so holding for a miracle or change in business plan is all I’m doing.
IMO, Heddle is a liar. Actually, it’s a fact. Lies of omission...are still lies. As far as the bod members investing their money...not a big deal. People invest and lose there money in companies everyday. Tens of millions of dollars have been flushed thru P2O, all those precious investors thought they were making the right decision, too.
There’s nothing wrong with admitting you made a mistake.
There is no way in hell that P20 can make diesel out of plastic for a profit without a large amount of subsidy. It’s just a fact. Many refuse to believe it, but it is a fact. Regardless of what was said previously by whomever. The processor CANNOT process dirty random plastic and turn it into diesel fuel or any other. Not only does any plastic waste need sorting and processing, it also requires sorting, cleaning....and a 50% htf additive AT A MINIMUM to work optimally.
I understand that those facts make shareholders unhappy, and most would like to pretend it isn’t true. But it is the truth. It sucks, but it is.
Trying to figuratively kill the messenger won’t change anything on this or any,other SMB. Pointing to every other excuse won’t change the fact either. Shareholders were mislead. Whether that was intentional or not is another topic.
Blaming it on NSSs is just foolish.
The company is an absolute failure. And the stock price reflects that. There is absolutely no value here.
For me it’s a matter of already having lost 99.9%; so holding for a miracle or change in business plan is all I’m doing.
IMO, Heddle is a liar. Actually, it’s a fact. Lies of omission...are still lies. As far as the bod members investing their money...not a big deal. People invest and lose there money in companies everyday. Tens of millions of dollars have been flushed thru P2O, all those precious investors thought they were making the right decision, too.
(4)
(0)