Yes. That quote you posted was years ago from another scam company called Internal Hydro in which I had no financial interest and which had extended an invitation for me to see the machine in operation. I'm sure the machine 'worked' so seeing it wouldn't have proven anything. The problem was that it was virtually useless despite what the dishonest lawyer running the company was suggesting. He announced a number of sales and deals over the years, none of which panned out. Does any of that sound familiar to PTOI??
Likewise, I'm sure Techisbest here honestly reported what he saw when he attended PTOI's demonstration of the processor in action. I don't think anyone denies that PTOI's processor can break down plastic into oil. People can do that in home experiments with just as much success. What Techisbest and others who witnessed PTOI's processor in action couldn't have seen is the market price of the plastic feedstock going into the processor nor the market value of the resulting oil, diesel or whatever coming out of the other end.
There's also a reason why neither Mr. Bordynuik ( "run tickets" ) nor Mr. Heddle disclose the actual cost and market price information from the processor runs. Making public a report showing it isn't economical, as the math already shows, would eliminate any chance of getting more investment money from investors or naive directors. Lying and reporting numbers which show that the process is economical would open up Mr. Heddle to fraud charges. That's why PTOI has to make up stories of supposed progress instead of detailing the value proposition.
The theme is much more common than one would think unless a person has seen that same swindle play out in other scams over and over and over and over again. Investors eventually get sick of the lack of progress and the shell is left to 'rest' until any potential lawsuits ghost away...then a large reverse split, a new fraud story and it's off to the races with a new scheme. Investors could save themselves a lot of time and money if they demanded that those companies prove the value or at least take them down the mental journey which convinced the founders that there was value. Oddly I've never seen that happen and I don't expect Mr. Heddle to get any such demands from the shareholders for whom Mr. Heddle works and for whom he is beholden as CEO.
For the most part, shareholders never sue the swindlers either. Either they're embarrassed to have fallen for the scam or they try to sue the company directly rather than suing the fraudsters running the show and then figure out there's no money left at the company level. In PTOI's case, the SEC pierced that corporate veil which Mr. Bordynuik felt could protect him from personal liability and made it obvious to shareholders that lawsuits don't have to stop at the company doorstep. There's likewise no firewall protecting Mr. Heddle from fraud from when he didn't disclose that PTOI's processors were out of commission. The statute of limitations might protect him...but not the company.
Likewise, I'm sure Techisbest here honestly reported what he saw when he attended PTOI's demonstration of the processor in action. I don't think anyone denies that PTOI's processor can break down plastic into oil. People can do that in home experiments with just as much success. What Techisbest and others who witnessed PTOI's processor in action couldn't have seen is the market price of the plastic feedstock going into the processor nor the market value of the resulting oil, diesel or whatever coming out of the other end.
There's also a reason why neither Mr. Bordynuik ( "run tickets" ) nor Mr. Heddle disclose the actual cost and market price information from the processor runs. Making public a report showing it isn't economical, as the math already shows, would eliminate any chance of getting more investment money from investors or naive directors. Lying and reporting numbers which show that the process is economical would open up Mr. Heddle to fraud charges. That's why PTOI has to make up stories of supposed progress instead of detailing the value proposition.
The theme is much more common than one would think unless a person has seen that same swindle play out in other scams over and over and over and over again. Investors eventually get sick of the lack of progress and the shell is left to 'rest' until any potential lawsuits ghost away...then a large reverse split, a new fraud story and it's off to the races with a new scheme. Investors could save themselves a lot of time and money if they demanded that those companies prove the value or at least take them down the mental journey which convinced the founders that there was value. Oddly I've never seen that happen and I don't expect Mr. Heddle to get any such demands from the shareholders for whom Mr. Heddle works and for whom he is beholden as CEO.
For the most part, shareholders never sue the swindlers either. Either they're embarrassed to have fallen for the scam or they try to sue the company directly rather than suing the fraudsters running the show and then figure out there's no money left at the company level. In PTOI's case, the SEC pierced that corporate veil which Mr. Bordynuik felt could protect him from personal liability and made it obvious to shareholders that lawsuits don't have to stop at the company doorstep. There's likewise no firewall protecting Mr. Heddle from fraud from when he didn't disclose that PTOI's processors were out of commission. The statute of limitations might protect him...but not the company.
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.
