"So Mr. Paperman, I ask again....why do you post h
Post# of 43064
Sure. I'm an open book and will answer almost anything. I've been watching scam companies for almost a couple of decades and it's always interesting to me how they keep weaving stories to string along investors. I firmly believe PTOI is a scam, so I post. No financial interest, just a morbid fascination.
If you're willing to reciprocate and answer my questions, can you tell me your thought process which led you to believe that PTOI's process has value?
Keep in mind that plastic, sorted out of the waste stream or however, has value to recyclers and, pound for pound, that plastic value is on par with diesel. Virgin plastic is worth much more than diesel and recyclable plastic is on par. The math says its impossible or virtually impossible to make any profit in pyrolyzing plastic. The term, "waste plastic" is a misnomer because it doesn't exist...except in small quantities when a person tosses a plastic bottle into the garbage instead of into the recycling bin.
Former CEO Mr. Bordynuik and current CEO Mr. Heddle keep the cost of the feedstock and the value of the resulting fuel secret despite the processor runs. They make heavy suggestions and then rely on investors to assume the process has economic value without needing to be directly lied to. Mr. Bordynuik was initially vocal about saying he could make diesel for under $10/bbl ($0.25/gallon) but being brought up on accounting fraud charges seemed to make him more careful with his fibbing and he stopped saying that. So, again, please tell me what assumptions you made, what information you've heard and what logic you used which led you to believe PTOI's process has value.