"or they just want the sale .. "
I'll have to agree with
"or they just want the sale .. "
I'll have to agree with 4kids on this one. As I previously said, listing the blending facility for sale for $1M was probably to sucker in an unwary lender or two (the directors??). If a naïve lender sees the listing for $1M, they will probably assume that's somewhere in the ballpark of the real value. However my guess is that the property is literally worthless but it didn't cost Mr. Heddle anything to ask $1M for it.
PTOI, under control of founder Mr. Bordynuik about a decade ago, bought the blending facility from Mr. Bordynuik's uncle for $130,000 CAD. The land might have appreciated a little but the buildings and equipment are now ten years older and have been neglected. I'm certain that fuel tank on the property is also full of 'fuel' which can't be sold. Mr. Heddle shipped the oil to the tank (250,000?? gallon tank) years ago and let it sit--he would have sold it if he could have found anyone willing to buy it. Now the oil has been sitting for years. Disposing of that old oil would probably cost more than the value of the land.
My guess is that the property is worthless as it sits. I would guess Mr. Heddle just wants any sale...although I don't know what game he's playing by still asking that much for it. Maybe he wants to convince the director lenders that he was clueless about the real value and a sharp drop would bring into question as to when he discovered the real value.
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.
Scroll down for more posts ▼
Top 10 Most Recent News Articles
Paving the Way for Seamless International Shipping Supply Maverick's got a new mantra, folks: simplicity. They're slicing through the mess of international shipping and bringing some much-needed clarity for customers in Canada, Australia, and New Zealand. It’s about time someone shook up the logistics playbook. The Nuts and Bolts of the New Shipping System Imagine being...
Continue Reading
Massive Prize Pools Emerge in Just Four Days I found myself eyeballing some jaw-dropping numbers from Americas Cardroom's latest poker series, the Online Super Series XL. It's not every day you see nearly a hundred tournaments rake in over $7.2 million in prize pools in just four days. From September 6th to 9th, a whopping 62,847 entries signed up to make an honest...
Continue Reading
AI Without the Headache Alright folks, IREX is shaking things up, and not in the usual iterative, bit-by-bit tech progression way. StreamVLM™ has been rolled out as the world's first vision-language model (VLM) analytics engine tailored for the public safety sector—specifically, for cloud platforms. I’ve been around the block enough times to spot a significant shift...
Continue Reading
They say good things come in bizarre packages, and that's exactly the case as David Boylan's Lick the Plate zany celebration marks 15 years on air with its 2,000th episode. If you think of radio as a predictable endeavor, well, you're not tuned into Lick the Plate. A Milepost Draped in Multicolored Fabrics When you're browsing through colorful avenues of radio fame, it's...
Continue Reading
An Unstoppable Force in Fintech Well, if QuickFi hasn't made a name for itself in fintech, then folks, I don't know what to tell you. This year, they’ve snagged yet another prestigious Finovate Award—this time for Best SMB/SME Banking Solution. That's not their first rodeo either; it’s the fourth time they’ve walked away winners. It's almost like they're...
Continue Reading
Sustainability Investments: A Tale of Contrasts In the world of sustainability, a staggering $17 trillion has been poured into technologies over the past decade. That’s no chump change. But what do we have to show for it? According to Bain & Company’s latest report, this massive financial injection hasn’t exactly hit a home run. Progress, much like the stock market...
Continue Reading
Toss out your one-size-fits-all real estate predictions; the Q2 2026 Buy-Side Index just unveiled some real whoppers about the housing market. What we're seeing isn't your typical year-over-year growth across the board. Nope, we're seeing splits as sharp as a knife between states. Some places are shooting up in price, while others seem to be stuck in mud. Price Surges and...
Continue Reading
Fermi's Roller Coaster: A Founder’s Stand Seems like Fermi Inc. is on a wild ride through the business landscape, and it's giving shareholders more whiplash than satisfaction these days. Toby Neugebauer, co-founder of Fermi and the loudest voice in the room, is feeling like his company is facing some serious turbulence and seems determined not to sit idly by as it hits...
Continue Reading
They say you can never go home again, but don't tell that to Melissa Rivers. Rolling the dice on nostalgia and kicking off a new chapter, she's waltzing back to the Emmys red carpet for the first time in nearly 20 years. Alright, what's in it for investors? Not much—unless you're looking to invest in nostalgia. But there's something here about legacy, reinvention, and...
Continue Reading
Decoupling Oil Price and Production Response This oil market isn’t your usual rodeo. With Brent flirting with $100, it’s a seismic shift that’s not yielding new drills but redirecting capital to the existing infrastructure landscape. Ask yourself why we're not seeing the usual cavalry charge of new rigs. It’s simple: Pipeline mileage and producing wells have...
Continue Reading
Top 5 Most Recently Viewed Articles
Redefining Skincare with Nature's Power In an era where water scarcity is a pressing issue, the beauty industry is undergoing a transformative shift. Leading this change is OLIVE TREE PEOPLE, an innovative beauty brand that is ushering in a new era of clean beauty. This movement champions waterless products, utilizing the power of olive leaves instead of water in skincare...
Continue Reading
Celebrating 25 Years of TeleNet Marketing Solutions TeleNet Marketing Solutions, a key player in the B2B marketing landscape, marks an incredible milestone of twenty-five years dedicated to driving marketing and sales success for its diverse clientele. Established with a vision to deliver impactful marketing solutions, the company has grown from a modest office space with...
Continue Reading
Empowering B2B Advertisers with Intent and Audience Data In today's competitive market, effective advertising solutions are crucial for businesses aiming to boost their outreach. Bombora is at the forefront of revolutionizing B2B marketing by integrating its data solutions with Audigent. This collaboration brings Bombora’s specialized B2B audience insights directly into...
Continue Reading
Golden Columbia Completes Strategic Acquisition Golden Columbia, an innovative real estate investment platform backed by GANMI Corporation, has successfully finalized the acquisition of One Columbia Place and Two Columbia Place in downtown. One Columbia Place features a majestic 27-story design, offering 556,943 square feet of prime Class A office space, while Two...
Continue Reading
Financial Performance Overview In a recent report, Associated Capital Group, Inc. (NYSE: AC) has revealed a solid performance for the first quarter of the year. The company's merger arbitrage strategy yielded a remarkable return of 3.8% before expenses and 2.8% after expenses. This performance demonstrates the firm’s ability to navigate complex market conditions...
Continue Reading