Nulixo is unquestionably a deal which will go nowh
Post# of 43064
PTOI's processors weren't running for any length of time even before they, tragically, were left in the building with water in the condensers in the dead of winter with the heat somehow turned off, over six years ago. The hurdle isn't fixing the processors. It seems very safe to assume there wasn't any value in running the processors even when they were in tip top shape.
PTOI isn't giving you the information you need to know. For over a decade the company has made no attempt to clarify the value produced by the processors nor whether that value justified the cost of plastic. Universally the only reason for that silence is that there isn't any value. Yes, pyrolysis works...but nobody has found a way to make it worthwhile. PTOI tried to get investors to believe they found a way to make pyrolysis worthwhile...initially with unsubstantiated claims then later through vague suggestion...but hasn't provided any objective evidence. Why do you think that's the case??
Don't fall in love with this penny stock. If the previous fraud charges leveled against the company weren't enough to convince you that the company is deceptive, and the company continuing to withhold information on how well or poorly the processor performs isn't enough either, then think through about what might be going on at PTOI. Personally I believe any deception by a company is enough of a warning to stay away. Companies which have real value don't need to resort to deception nor lying by omission.
In my opinion, PTOI accomplished what it set out to do...pay insiders a fat paycheck at the expense of investors while it pretended to make progress...and later under Mr. Heddle where he continued to get paid through property sales, debt investment from directors and, ironically, the insurance settlement of the fraud suit which was paid to the company to supposedly benefit shareholders who were defrauded.
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