There are definitely more 'thumbs up' on the pro-PTOI posts. That popular vote has been dead wrong for a decade and continues to be that way. A 99% drop in the share price hasn't instilled much reality.
The unpopular opinions about PTOI being deceptive haven't really gained any traction and that's despite the U.S. and Canadian enforcement divisions suing PTOI for fraud. That's despite Mr. Heddle withholding information from investors.
Be careful of popular opinions--they can cost you dearly.
What I find remarkable is that I've been pointing out the math and the pro-PTOI camp continues to poo poo that math because doing so is easier than looking up the information. That has been a costly mistake for investors as well.
Again, look at the spot price for diesel. It's currently $1.76 per gallon. A gallon of diesel weighs 6.94 lbs. It's easy to see that the plastic feedstock would have to cost less than $0.254 per lb just to break even and that's if plastic could be perfectly converted to diesel.
The plastic scrap market isn't well defined but you can get a feel for the prices by googling scrap plastic sites. Keep in mind that PTOI claimed 90% efficiency, not 100%. Keep in mind that the product would have to be salable diesel passing all of the ASTM specifications. Keep in mind there are other costs in processing. Keep in mind the alternative for the scrap plastic is recycling.
The math looks grim so an investor would do well to confront PTOI with the numbers before investing a dime to see what excuse PTOI has for why they think it's worthwhile despite what the math shows and then see if their story makes sense.
Look at how much you lost by investing in PTOI and compare that to the opportunity cost of investing in something else. It doesn't cost anything to give all the pro-PTOI people accolades for their continued faith and patience...but blinders, as comforting as they are to wear, have been particularly expensive for a lot of investors.
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The unpopular opinions about PTOI being deceptive haven't really gained any traction and that's despite the U.S. and Canadian enforcement divisions suing PTOI for fraud. That's despite Mr. Heddle withholding information from investors.
Be careful of popular opinions--they can cost you dearly.
What I find remarkable is that I've been pointing out the math and the pro-PTOI camp continues to poo poo that math because doing so is easier than looking up the information. That has been a costly mistake for investors as well.
Again, look at the spot price for diesel. It's currently $1.76 per gallon. A gallon of diesel weighs 6.94 lbs. It's easy to see that the plastic feedstock would have to cost less than $0.254 per lb just to break even and that's if plastic could be perfectly converted to diesel.
The plastic scrap market isn't well defined but you can get a feel for the prices by googling scrap plastic sites. Keep in mind that PTOI claimed 90% efficiency, not 100%. Keep in mind that the product would have to be salable diesel passing all of the ASTM specifications. Keep in mind there are other costs in processing. Keep in mind the alternative for the scrap plastic is recycling.
The math looks grim so an investor would do well to confront PTOI with the numbers before investing a dime to see what excuse PTOI has for why they think it's worthwhile despite what the math shows and then see if their story makes sense.
Look at how much you lost by investing in PTOI and compare that to the opportunity cost of investing in something else. It doesn't cost anything to give all the pro-PTOI people accolades for their continued faith and patience...but blinders, as comforting as they are to wear, have been particularly expensive for a lot of investors.
…
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.
