I'm absolutely not trying to dismiss the facts. Y
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For the rest, I'm sure you saw crayons go into the processor. What I didn't see is PTOI giving evidence that it was worthwhile to process crayons nor anything else. Even with HTF, there has been no evidence of value given by PTOI, only vague suggestion...or in in the founder's case, claims of amazing 90% gross margins with no evidence and no follow through.
I don't put any weight on your opinion of PTOI becoming less relevant because of the direction of oil. There's still a commodity market for crude oil so if PTOI could deliver, the money would come rolling in. However PTOI refuses to give evidence of value and, as you pointed out, Mr. Heddle is even reluctant to move forward and fix the pipes on the processors.
I don't think the problem is that Mr. Heddle doesn't want to take a risk--I think the issue is that Mr. Heddle knows PTOI's version of pyrolysis is as worthless as all other versions and doesn't want to waste 'his' money fixing the processor(s). It's a better story saying the only hurdle is that he's looking for financing to fix the processors than it is to say he can't sell the output at any kind of a profit.
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