What's so amazing about this whole PTOI saga is that the math is simple and investors could have easily avoided their losses. There's a reason why I was able to debunk PTOI as a scam just thirty minutes after I ran across it. Yet investors continued to pour in millions of dollars over years which was ultimately all flushed down the toilet.
For the math:
1) Look up the price of scrap plastic or the price of any plastic which has been sorted out of the waste stream
2) Look up the spot price for diesel and naphtha
3) Use PTOI's stated efficiency of 90% in converting plastic to what PTOI only describes as "fuel." In my opinion, 90% is actually a reasonable number for the liquid portion of pyrolysis.
If you go through that math, PTOI will be near break-even if and only if:
1) The product created is pure diesel, naphtha or anything else which actually is clean enough or good enough to command a price near the price of real diesel or naphtha.
2) The company has no other costs. Employees work for free, etc...
A person can claim the process is 'green' even if it's losing money but plastic sorted from the waste stream can already be recycled. There's literally no value to PTOI's process.
That's the proof that PTOI is worthless and that founder Mr. Bordynuik's statements about "$10/bbl" is complete fraud. The company has provided no evidence of any value whatsoever, only vague suggestion. Someone could take that proof and ask PTOI to poke holes in it...but that won't happen. In fact, investors won't even discuss the math because they feel I'm a 'basher'. So it's an impasse.
Given that PTOI's process will never be worthwhile, it means all PTOI can do is dance around inside the box and pretend that they're about to burst out of that box even though doing so is mathematically impossible.
Investors can also think about various scenarios for PTOI's success until they find one which will work inside their own head and then hold on to that dream...but that's futile as well. I actually do have a scenario where PTOI could make money: PTOI could write an game app based loosely on 'Oregon Trail' where the player runs a fictional plastic-to-oil operation and earns coins by tricking investors into investing. That app could then be sold for $2 per download on an app store.
For the math:
1) Look up the price of scrap plastic or the price of any plastic which has been sorted out of the waste stream
2) Look up the spot price for diesel and naphtha
3) Use PTOI's stated efficiency of 90% in converting plastic to what PTOI only describes as "fuel." In my opinion, 90% is actually a reasonable number for the liquid portion of pyrolysis.
If you go through that math, PTOI will be near break-even if and only if:
1) The product created is pure diesel, naphtha or anything else which actually is clean enough or good enough to command a price near the price of real diesel or naphtha.
2) The company has no other costs. Employees work for free, etc...
A person can claim the process is 'green' even if it's losing money but plastic sorted from the waste stream can already be recycled. There's literally no value to PTOI's process.
That's the proof that PTOI is worthless and that founder Mr. Bordynuik's statements about "$10/bbl" is complete fraud. The company has provided no evidence of any value whatsoever, only vague suggestion. Someone could take that proof and ask PTOI to poke holes in it...but that won't happen. In fact, investors won't even discuss the math because they feel I'm a 'basher'. So it's an impasse.
Given that PTOI's process will never be worthwhile, it means all PTOI can do is dance around inside the box and pretend that they're about to burst out of that box even though doing so is mathematically impossible.
Investors can also think about various scenarios for PTOI's success until they find one which will work inside their own head and then hold on to that dream...but that's futile as well. I actually do have a scenario where PTOI could make money: PTOI could write an game app based loosely on 'Oregon Trail' where the player runs a fictional plastic-to-oil operation and earns coins by tricking investors into investing. That app could then be sold for $2 per download on an app store.
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.
