Here's the list of PTOI events going through about
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Posted On: 05/19/2019 10:40:01 AM
Here's the list of PTOI events going through about 2011 or maybe 2012...followed by a list which was posted on another board giving the situation at 2019. Unfortunately there's about a seven year gap of continuous PTOI failures in the middle. Too many to keep track...yet faith that some investors have in PTOI is unshaken and some investors are crying that evil entity short selling phantoms are to blame.
First JBII/PTOI 'operations' had started in June of 2009.
Ok, JBII's 'operations' was only firing up a 1kg pyrolysis machine purchased from Blest but the company can produce diesel for $10/bbl.
Ok, that claim was merely pulled from the founder's imagination and is a complete lie but JB acquired $10 million in media credits.
Ok, the media credits were artificially booked to inflate the book value But JB filed for patent protection for his P2O.
Ok, the filing of a patent press release was a lie but the "land rush" was starting with Sousa.
Ok, the area development agreement with Sousa for 45 sites wasn't real but JBI would clean up the Pacific Garbage Patch with Heddle Marine.
Ok, the Heddle Marine deal wasn't real but four separate companies put down deposits for their own P2O plant joint ventures.
Ok, the four joint venture deals was fake too but JB had purchased Javaco to allow for rapid entry into South America
Ok, no intention of going into South America but Pak-It is immediately profitable and was worth spending shareholders' money to buy.
Ok, Pakit was a dud and a money drain but the tape business which JBII's founder started is profitable as two days worth of sales shows and that was worth shareholders' money to pay himself for the purchase.
Ok, the tape business is a dud too but the blending facility will allow JB to blend spec fuel and that was worth shareholders' money to pay Mr. Bordynuik's uncle.
Ok, the blending facility sits idle but the recycling facility is a money magnet that will provide free plastic while making money.
Ok, the recycling facility isn't being used but JBI will begin plastic to oil production in the first quarter of 2010.
Ok, that was merely delayed but JBI would start production in the second quarter of 2010 as stated in the 10-K.
Ok, that was merely delayed and now he needs a 'simple air permit' but expects commercial operations in the third quarter.
Ok, commercial operations just delayed with no explanation but JB has an offer from Somerset Refinery to buy his pyrolysis oil at WTI-$3
Ok, that was a lie since Somerset had been shut down for months but American Refinery Group is offering to buy JB's oil.
Ok, that was just an offer on from American Refinery Group's website for real crude oil and not a real offer for JB but JB expects to be selling to independent gas stations in the fourth quarter of 2010.
Ok, no sales to independent gas stations but commercial operations have just commenced!
Ok, the 2011 2nd Q 10Q says JB was waiting to make sure commercial operations were imminent before purchasing the building in March 2011 but now commercial operations really have commenced.
Ok, commercial operation still hasn't commenced but JB signed an agreement with an undisclosed party to purchase naphtha.
Ok, JB won't produce any naphtha but JB has a signed purchase order with Oxy Vinyls for plastic derived oil.
Ok, the Oxy Vinyls order was never filled but JB is selling petroleum distillate to Coco Asphalt.
Ok, the petroleum distillate isn't derived from plastic but JB gets paid to take plastic.
Ok, JB doesn't get paid to take plastic but JB signed a deal with RockTenn for free plastic.
Ok, the RockTenn waste raggertail is only 20% plastic but JB spent 2011 enhancing the processor
Ok, the processor still sits idle even after a second round of stack tests and permitting but JB has a deal to sell diesel to Indigo and XTR Energy
Ok, XTR Energy requires transportation fuel that meets Canadian specifications and JB told them to expect it by Q2...and JB wants to "blend" in real fuel from third parties to meet demand.
Ok, the processor still sits idle and JB is simply re-selling petroleum products but investors say JB is learning from his mistakes
Ok, he's not learning so much as he's lying but the lying is working with volume up and the stock up over three times from last year
(end of around 2011/2012)
[Missing from this list: seven years of excuses, failures, fraud and deception from PTOI]
2019:
Permit NOT renewed
10K NOT filed
10Q NOT filed
No CFO
No COO
No Treasurer
No Secretary
No employees
No Lab, what happened to the lab?
No communication
No Econav deal
No Veridisyn deal
No processor repair
No processor sale
No revenue- almost 80 million in spent funds
First JBII/PTOI 'operations' had started in June of 2009.
Ok, JBII's 'operations' was only firing up a 1kg pyrolysis machine purchased from Blest but the company can produce diesel for $10/bbl.
Ok, that claim was merely pulled from the founder's imagination and is a complete lie but JB acquired $10 million in media credits.
Ok, the media credits were artificially booked to inflate the book value But JB filed for patent protection for his P2O.
Ok, the filing of a patent press release was a lie but the "land rush" was starting with Sousa.
Ok, the area development agreement with Sousa for 45 sites wasn't real but JBI would clean up the Pacific Garbage Patch with Heddle Marine.
Ok, the Heddle Marine deal wasn't real but four separate companies put down deposits for their own P2O plant joint ventures.
Ok, the four joint venture deals was fake too but JB had purchased Javaco to allow for rapid entry into South America
Ok, no intention of going into South America but Pak-It is immediately profitable and was worth spending shareholders' money to buy.
Ok, Pakit was a dud and a money drain but the tape business which JBII's founder started is profitable as two days worth of sales shows and that was worth shareholders' money to pay himself for the purchase.
Ok, the tape business is a dud too but the blending facility will allow JB to blend spec fuel and that was worth shareholders' money to pay Mr. Bordynuik's uncle.
Ok, the blending facility sits idle but the recycling facility is a money magnet that will provide free plastic while making money.
Ok, the recycling facility isn't being used but JBI will begin plastic to oil production in the first quarter of 2010.
Ok, that was merely delayed but JBI would start production in the second quarter of 2010 as stated in the 10-K.
Ok, that was merely delayed and now he needs a 'simple air permit' but expects commercial operations in the third quarter.
Ok, commercial operations just delayed with no explanation but JB has an offer from Somerset Refinery to buy his pyrolysis oil at WTI-$3
Ok, that was a lie since Somerset had been shut down for months but American Refinery Group is offering to buy JB's oil.
Ok, that was just an offer on from American Refinery Group's website for real crude oil and not a real offer for JB but JB expects to be selling to independent gas stations in the fourth quarter of 2010.
Ok, no sales to independent gas stations but commercial operations have just commenced!
Ok, the 2011 2nd Q 10Q says JB was waiting to make sure commercial operations were imminent before purchasing the building in March 2011 but now commercial operations really have commenced.
Ok, commercial operation still hasn't commenced but JB signed an agreement with an undisclosed party to purchase naphtha.
Ok, JB won't produce any naphtha but JB has a signed purchase order with Oxy Vinyls for plastic derived oil.
Ok, the Oxy Vinyls order was never filled but JB is selling petroleum distillate to Coco Asphalt.
Ok, the petroleum distillate isn't derived from plastic but JB gets paid to take plastic.
Ok, JB doesn't get paid to take plastic but JB signed a deal with RockTenn for free plastic.
Ok, the RockTenn waste raggertail is only 20% plastic but JB spent 2011 enhancing the processor
Ok, the processor still sits idle even after a second round of stack tests and permitting but JB has a deal to sell diesel to Indigo and XTR Energy
Ok, XTR Energy requires transportation fuel that meets Canadian specifications and JB told them to expect it by Q2...and JB wants to "blend" in real fuel from third parties to meet demand.
Ok, the processor still sits idle and JB is simply re-selling petroleum products but investors say JB is learning from his mistakes
Ok, he's not learning so much as he's lying but the lying is working with volume up and the stock up over three times from last year
(end of around 2011/2012)
[Missing from this list: seven years of excuses, failures, fraud and deception from PTOI]
2019:
Permit NOT renewed
10K NOT filed
10Q NOT filed
No CFO
No COO
No Treasurer
No Secretary
No employees
No Lab, what happened to the lab?
No communication
No Econav deal
No Veridisyn deal
No processor repair
No processor sale
No revenue- almost 80 million in spent funds
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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.
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