It's PTOI's ten year anniversary as a public compa
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Posted On: 04/24/2019 11:40:58 AM
It's PTOI's ten year anniversary as a public company today if I recall correctly. Ten years ago PTOI's founder, Mr. Bordynuik, bought his second shell and boldly told investors he had a secret catalyst which would allow him to heat up plastic waste and sell the melted liquid "fuel" at 90% gross margins.
Even today some investors still trust PTOI founder Mr. Bordynuik's statements about his plastic melter and no amount of the founder's accounting fraud nor deception was able shake that undying faith and trust in the founder. For many, the technology is as valuable as represented by the founder on day one and no actual evidence of value is required. The founder's word is enough.
So ten years of excuses why the processor just couldn't be made to run, sold, licensed nor anything else. Ten years of deals falling apart, 'validations' and exciting news to keep investors on the edge of their seats.
Today the predominate theme is that nefarious short sellers are really to blame for PTOI's demise. These alleged short sellers are so powerful that they are able to keep their shorting off of the FINRA short lists in what must be a share accounting nightmare. Likewise they were able to keep PTOI off the Reg SHO list despite the supposedly massive short position.
This alleged nefarious short selling consortium was so successful at manipulating PTOI from dollars down to pennies that........the short selling consortium is now completely underwater on PTOI and is running scared! It wasn't fully explained how this supposedly happened since short sellers usually make money when shares drop in price but that's the gist of the pro-PTOI argument. Now the company is starting its second decade as a public company and investors are sure that Mr. Heddle will announce something, anything, and with investors clasping tightly onto their shares, the pending news will allow PTOI to take the highly anticipated moon trip.
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Even today some investors still trust PTOI founder Mr. Bordynuik's statements about his plastic melter and no amount of the founder's accounting fraud nor deception was able shake that undying faith and trust in the founder. For many, the technology is as valuable as represented by the founder on day one and no actual evidence of value is required. The founder's word is enough.
So ten years of excuses why the processor just couldn't be made to run, sold, licensed nor anything else. Ten years of deals falling apart, 'validations' and exciting news to keep investors on the edge of their seats.
Today the predominate theme is that nefarious short sellers are really to blame for PTOI's demise. These alleged short sellers are so powerful that they are able to keep their shorting off of the FINRA short lists in what must be a share accounting nightmare. Likewise they were able to keep PTOI off the Reg SHO list despite the supposedly massive short position.
This alleged nefarious short selling consortium was so successful at manipulating PTOI from dollars down to pennies that........the short selling consortium is now completely underwater on PTOI and is running scared! It wasn't fully explained how this supposedly happened since short sellers usually make money when shares drop in price but that's the gist of the pro-PTOI argument. Now the company is starting its second decade as a public company and investors are sure that Mr. Heddle will announce something, anything, and with investors clasping tightly onto their shares, the pending news will allow PTOI to take the highly anticipated moon trip.
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(0)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.