$595k for the property. That should be a steal fo
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Posted On: 10/30/2019 9:13:28 PM
$595k for the property. That should be a steal for investors who believe in the value of PTOI's pyrolysis process--remember CEO Mr. Heddle filled up that 1M liter tank with PTOI fuel.
If investors believe the fuel is worth $1.30/liter similar to other fuels, that should be worth about $1.3M CAD if it's filled to the top. On the other hand, if the 'fuel' is worthless then it probably needs to be hauled away as hazardous waste for probably $0.50/liter...meaning an eventual cost of disposal of maybe $500,000.
The property itself was purchased by PTOI from PTOI's founder's uncle for $130k about ten years ago. The buildings and tanks have certainly depreciated during that time.
So for anyone who believes in PTOI's process of turning waste plastic into ultra clean fuel without the need for further refining, verify the tank is full and offer Mr. Heddle $130k. There's a great chance you will get it for that price...then you can sell the fuel for what you think it's worth, resell the property for $80k and pocket maybe $1.3M.
Although logic should tell people that if the fuel were worth anything, Mr. Heddle would have sold it rather than hauling it to the tank in the first place...indicating an expensive disposal will be required. Mr. Heddle certainly isn't giving away $1M. That would be like the story of the man living in his apartment in Nigeria who has been trying to give away $15M for ten years, but nobody ever e-mailed him back to accept the money.
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If investors believe the fuel is worth $1.30/liter similar to other fuels, that should be worth about $1.3M CAD if it's filled to the top. On the other hand, if the 'fuel' is worthless then it probably needs to be hauled away as hazardous waste for probably $0.50/liter...meaning an eventual cost of disposal of maybe $500,000.
The property itself was purchased by PTOI from PTOI's founder's uncle for $130k about ten years ago. The buildings and tanks have certainly depreciated during that time.
So for anyone who believes in PTOI's process of turning waste plastic into ultra clean fuel without the need for further refining, verify the tank is full and offer Mr. Heddle $130k. There's a great chance you will get it for that price...then you can sell the fuel for what you think it's worth, resell the property for $80k and pocket maybe $1.3M.
Although logic should tell people that if the fuel were worth anything, Mr. Heddle would have sold it rather than hauling it to the tank in the first place...indicating an expensive disposal will be required. Mr. Heddle certainly isn't giving away $1M. That would be like the story of the man living in his apartment in Nigeria who has been trying to give away $15M for ten years, but nobody ever e-mailed him back to accept the money.
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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.