I definitely agree with you--if there are mandates or subsidies then PTOI, and anything else, can certainly become economically viable. Throw enough money and laws at anything and it will become profitable. However one of the issues is that plastic already has value to recyclers. Recycling is at least as environmentally friendly as turning plastic, which is already solid fuel, into liquid fuel.
My narrative is dated but is still as valid. For 7-8 years you've also seen the continuous delays and excuses as to why a processor simply can't be put into productive service, which I was saying back then. You didn't find anything I wrote which turned out wrong and anyone who listened saved themselves a 98-99% drop.
It doesn't kill me that Mr. Heddle isn't diluting. I fully expected trading to slowly wind down to where trying to sell any significant shares onto the market would be difficult. The three-month average volume is under $1,000 worth of shares per day. Mr. Heddle found other ways to get money: The insurance settlement paying for PTOI's legal settlement in its securities fraud case, the selling of PTOI's property, and loans from the directors he appointed a couple of years ago. Selling shares isn't the only way to pull in money.
It could also happen that PTOI manages to re-invigorate the story and get traction and then start selling more shares. I'm pretty sure that wouldn't be good for shareholders, though.
I've said before that I will turn on a dime and become PTOI's biggest fan if the company can provide evidence of its value. However I'm certain there isn't any.
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My narrative is dated but is still as valid. For 7-8 years you've also seen the continuous delays and excuses as to why a processor simply can't be put into productive service, which I was saying back then. You didn't find anything I wrote which turned out wrong and anyone who listened saved themselves a 98-99% drop.
It doesn't kill me that Mr. Heddle isn't diluting. I fully expected trading to slowly wind down to where trying to sell any significant shares onto the market would be difficult. The three-month average volume is under $1,000 worth of shares per day. Mr. Heddle found other ways to get money: The insurance settlement paying for PTOI's legal settlement in its securities fraud case, the selling of PTOI's property, and loans from the directors he appointed a couple of years ago. Selling shares isn't the only way to pull in money.
It could also happen that PTOI manages to re-invigorate the story and get traction and then start selling more shares. I'm pretty sure that wouldn't be good for shareholders, though.
I've said before that I will turn on a dime and become PTOI's biggest fan if the company can provide evidence of its value. However I'm certain there isn't any.
.
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.
