How did shorts prevent the following from happening? Did they steal the 250k?
Plastic2Oil Announces Plan to Resume Fuel Production & Sales and Amends Veridisyn Agreement
NIAGARA FALLS, NY, Aug. 07, 2018 (GLOBE NEWSWIRE) -- Plastic2Oil, Inc. (OTCQB: PTOI): Plastic2Oil, Inc. (“P2O”) today announced that the Company plans to resume limited production and sale of fuel products by processing used oils and film plastics. P2O previously engaged in fuel production for commercial sale before shifting its business strategy in 2014 to licensing its P2O technology.
The Company secured additional debt financing commitments from two current directors for approximately $250,000 for the intended use of initially restarting one of its processors in such a way that should allow the Company to process used oils and film plastics. It is the Company’s goal to produce and sell #2 fuel oil from the processor to provide operating cash to support P2O’s core technology licensing business.
Read More: https://investorshangout.com/recentnews/PTOI#ixzz6DZvkEuwn
Plastic2Oil Announces Plan to Resume Fuel Production & Sales and Amends Veridisyn Agreement
NIAGARA FALLS, NY, Aug. 07, 2018 (GLOBE NEWSWIRE) -- Plastic2Oil, Inc. (OTCQB: PTOI): Plastic2Oil, Inc. (“P2O”) today announced that the Company plans to resume limited production and sale of fuel products by processing used oils and film plastics. P2O previously engaged in fuel production for commercial sale before shifting its business strategy in 2014 to licensing its P2O technology.
The Company secured additional debt financing commitments from two current directors for approximately $250,000 for the intended use of initially restarting one of its processors in such a way that should allow the Company to process used oils and film plastics. It is the Company’s goal to produce and sell #2 fuel oil from the processor to provide operating cash to support P2O’s core technology licensing business.
Read More: https://investorshangout.com/recentnews/PTOI#ixzz6DZvkEuwn
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