Plastic2Oil Inc (PTOI)

[fourkids_9pets]

great post korogi

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Yes, the BK slant has not been offered in a while. Perhaps because it has already been forgotten that there are recent new investors, or perhaps because also forgotten: the couple years during which Heddle supported PTOI financially.It is in the filings.

The only way Heddle files for BK is if he becomes convinced he cannot sell machines. And as recently as 6-7 months ago, Heddle said publicly he was "more convinced than ever" that he could. This was after he did not renew with Eco-Nav middle men.

Hence, those who reduce everything down to

"sell something"

have a point, except that I would predict not even selling machines will satisfy some. It is indeed all about selling machines now, and Heddle the ultra conservative CEO, who has millions invested, who has done pretty well building his marine facility, is going to announce something by the end of November. What that may be, we don't know for sure.

I rather doubt he will announce another maybe. Not like him to do so if he's doing the negotiating, and not at this stage of the game. He's clearly playing his cards close to the vest, but my sense is he'll announce some kind of sale with provisions for more, if the customer is happy.

As far as the "sell something" mandate goes, people are also prone to forget that fuel from the processors has already been sold to large outfits like US Steel, and tested by ASTM standards to have ultra-low sulphur content.

JBI/PTOI was also able to "sell" their innovative technology to the NYSDEC, resulting in multi-year permits being granted.

Now it is Heddle's turn to sell something.

So, BK is pure fantasy unless the CEO cannot ever close a deal. One would think that Heddle, with over 4 million into this venture, would certainly know his chances by now.

Ah yes, the ol' "bankruptcy filing" call. Haven't seen that one in a while....

4kids