Some, like myself, feel it’s just a failed business. I have watched the machine work. Stood waist high in Crayola CRAYONS. Yes it was CRAYONS running thru the machine. The FACT is that plastic cannot be run without significant HTF, without constant breakdowns due to buildup at the end of the process. That buildup is valuable and can be used in heavy manufacturing. Problem is they were denied a BUD. Not sure why...With HTF, that issue was solved. Running straight HTF, OR basically cleaning used oil and other similar product is where the machine works best. For whatever reason, NYS wouldn’t give a permit for that.
In the CURRENT environment, with our country being energy independent and a exporter of oil, gas, LNG....PTO is becoming less relevant and an even more difficult business to run for a profit. The rise of TESLA and now every other major car and truck maker developing electric and autonomous vehicles is another major obstacle. The clean diesel may soon be obsolete altogether. IMO, the alternative to plastic waste will be the slow elimination of it altogether. Grocery stores in many states have moved away from plastic bags and turns to paper or reusable. The real ascending sector is in the alternatives to plastic packaging and everything else.
Aside from that....I question why the machine needs Nulixo to fund the repairs. Heddle has tens of millions on the line between his shares and monies owed to him from salary and loans made from the company. This proclaimed super businessman doesn’t seem to feel another 300 grand is a wise idea? If what we are told is true, which I don’t believe, the MOASS created by a successful machine would make him Bezos rich. Same goes for JB. He supposedly still holds over 3 million shares. Yet, Apparently, he feels his money is better spent investing in machines to make vegan gummie bears. Yet, somehow, this makes sense to *some*.
So, there are more than two sides to the story. I will continue to post any activity I see in Niagara Falls when I am in the area. My shares I view as lottery tickets....most likely losers. But...you never know.
In the CURRENT environment, with our country being energy independent and a exporter of oil, gas, LNG....PTO is becoming less relevant and an even more difficult business to run for a profit. The rise of TESLA and now every other major car and truck maker developing electric and autonomous vehicles is another major obstacle. The clean diesel may soon be obsolete altogether. IMO, the alternative to plastic waste will be the slow elimination of it altogether. Grocery stores in many states have moved away from plastic bags and turns to paper or reusable. The real ascending sector is in the alternatives to plastic packaging and everything else.
Aside from that....I question why the machine needs Nulixo to fund the repairs. Heddle has tens of millions on the line between his shares and monies owed to him from salary and loans made from the company. This proclaimed super businessman doesn’t seem to feel another 300 grand is a wise idea? If what we are told is true, which I don’t believe, the MOASS created by a successful machine would make him Bezos rich. Same goes for JB. He supposedly still holds over 3 million shares. Yet, Apparently, he feels his money is better spent investing in machines to make vegan gummie bears. Yet, somehow, this makes sense to *some*.
So, there are more than two sides to the story. I will continue to post any activity I see in Niagara Falls when I am in the area. My shares I view as lottery tickets....most likely losers. But...you never know.
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