Interesting PTOI development. PTOI is still trying
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(Total Views: 498)
Posted On: 12/14/2020 10:01:11 PM
Interesting PTOI development. PTOI is still trying to sell the Thorold property after years of having it listed. Credit: other board.
First of all, the property was purchased for CAD130,000 a decade ago and the buildings are ten years older now. Maybe there's some inflation to offset that...but CAD450,000 seems way overpriced. Still better than the $1M original listing.
Bigger point regarding the oil in the tanks which I've mentioned before: PTOI is offering to sell the property with a $100k holdback if a buyer wants the Juicy Juice removed from the tanks. My guess is that the oil, for lack of a better word, was worthless even before it sat for years. The cost of removing 1M liters of hazardous waste may not be cheap. Maybe $0.40/liter for disposal??
If anybody wants to buy the property with Mr. Heddle's promise to remove the oil for only a $100k holdback, They're going to find themselves receiving the $100k money but still having 1M liters of hazardous waste because Mr. Heddle isn't going to remove it.
My guess is that the Juicy Juice in the tanks makes the property a net liability but that Mr. Heddle is holding out for a sucker.
Thorold property:
$450,000
1776 ALLANPORT Road
Thorold, Ontario L0S1A0
MLS® Number: 30820549
MUST BE SOLD AND ALL OFFERS WILL BE CONSIDERED. Being sold in as is where is condition. Exceptional parcel over 6 ac. with above ground storage capacity of 1.1M litres of liquid storage. Fenced with security gate, zoned DI (Dry Industrial). Upon an acceptable Offer and if requested by the Buyer the Seller will remove/empty the tanks with a $100,000.00 holdback will be applied upon Completion of the Offer. (52905211)
First of all, the property was purchased for CAD130,000 a decade ago and the buildings are ten years older now. Maybe there's some inflation to offset that...but CAD450,000 seems way overpriced. Still better than the $1M original listing.
Bigger point regarding the oil in the tanks which I've mentioned before: PTOI is offering to sell the property with a $100k holdback if a buyer wants the Juicy Juice removed from the tanks. My guess is that the oil, for lack of a better word, was worthless even before it sat for years. The cost of removing 1M liters of hazardous waste may not be cheap. Maybe $0.40/liter for disposal??
If anybody wants to buy the property with Mr. Heddle's promise to remove the oil for only a $100k holdback, They're going to find themselves receiving the $100k money but still having 1M liters of hazardous waste because Mr. Heddle isn't going to remove it.
My guess is that the Juicy Juice in the tanks makes the property a net liability but that Mr. Heddle is holding out for a sucker.
Thorold property:
$450,000
1776 ALLANPORT Road
Thorold, Ontario L0S1A0
MLS® Number: 30820549
MUST BE SOLD AND ALL OFFERS WILL BE CONSIDERED. Being sold in as is where is condition. Exceptional parcel over 6 ac. with above ground storage capacity of 1.1M litres of liquid storage. Fenced with security gate, zoned DI (Dry Industrial). Upon an acceptable Offer and if requested by the Buyer the Seller will remove/empty the tanks with a $100,000.00 holdback will be applied upon Completion of the Offer. (52905211)
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(0)Plastic2Oil, Inc. (PTOI) Stock Research Links
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.
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