Plastic2Oil Inc (PTOI)

[retiredptt]

NO WE HAVE AN ATTEMPT TO REWRITE HISTORY! Bordynuik was very clear about what he had when owning his $10 per barrel claim while in R&D and actively selling shares!

THERE IS WAY TOO MUCH BACK PEDALING NOW FOR MY LIKING! JUST READ JOHN BORDYNUIK'S (JB) OWN WORDS HIGHLIGHTED IN RED BELOW!

Techisbest interviews CEO John Bordynuik

JB: Yes we did. In fact $10/barrel was a very conservative amount. It is much less.

IQ has nothing to do with it. Bringing in the right people to test, refine, and build a successful process is what is key. I have a gift to apply knowledge and solutions in one area to a completely different field. It paid off again with P2O.

Q: Honestly, I'm intellectually offended with the way he throws that number around with no good explanation of the factors involved....does it include employee retention costs, maintenance, property, feedstock handling equipment, etc., etc.? Frankly, I don't think he can honestly claim to have a clue of the production costs without any operations history to refer to....that number is completely based on assumptions....and I've never even seen a basic explanation of what those are.

JB: It clear this individual has done no DD on our management team. I don't throw numbers out lightly. Our management team has completed many $100M+ private deals that do involve complex costs and they make them profitable. Geoff Weber loaded up the JV business model with every cost imaginable including: royalties, maintenance, labour, permitting (URS), operator, spares, and then after determining those costs (really loaded up), he cut production in half.

I'm surprised this individual hasn't done 10 minutes of DD. Start with islechem and work back if needed.

I would suggest this individual not invest until he is comfortable. To me, it really doesn't matter. I haven't sold a share and our management team is not on payroll. We get paid when the process is highly successful. We get nothing otherwise. (insert vomit noise here)

What do we feel about what I've highlighted in red??? Bordynuik was being pretty clear about his definition of 10 per barrel wasn't he??? My favorite is "We get paid when the process is highly successful. We get nothing otherwise." That's a real kick in the pants, huh?


ITS A CHALLENGE FOR ME TO UNDERSTAND HOW ANYONE CAN LEGITIMATELY RALLY BEHIND PTOI/JBII IN AN HONEST FASHION AS WE'VE BEEN SOLD EVERYTHING BUT HE BROOKLYN BRIDGE!