200% CORRECT DD beats *documentation* any day!
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Do you ever think that you and I have sold just as many processors that Rick has over the last 4+ years?
ZERO!
Hahahahhaha
Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
Worth repeating, worth digesting and even worth a sticky note!
fourkids_9pets Member Level Saturday, 04/22/17 12:04:43 PM
Re: DZ25 post# 299089
Post # 299091 of 299113 Go
i've always noted how much the company's founder reminds me of the late Steve Jobs ..
here's to those disruptive technologies .. and their *global* impact over decades .. :)
http://www.plastic2oil.com/site/home
4kids
You be proud of that $0.04- $0.05 range. Rick has worked hard to keep it in that area!
Keep buying and keep up the good work!
you know what i see as telling ..
Worth repeating, worth digesting and even worth a sticky note!
fourkids_9pets Member Level Saturday, 04/22/17 12:04:43 PM
Re: DZ25 post# 299089
Post #
299091
of 299113 Go
i've always noted how much the company's founder reminds me of the late Steve Jobs ..
here's to those disruptive technologies .. and their *global* impact over decades .. :)
http://www.plastic2oil.com/site/home
4kids
Worth repeating, worth digesting and even worth a sticky note!
fourkids_9pets Member Level Saturday, 04/22/17 12:04:43 PM
Re: DZ25 post# 299089
Post #
299091
of 299113 Go
i've always noted how much the company's founder reminds me of the late Steve Jobs ..
here's to those disruptive technologies .. and their *global* impact over decades .. :)
http://www.plastic2oil.com/site/home
4kids
Mcewen Mining Incorporated
$ 3.07 MUX
0.05
Short Interest (Shares Short) 35,684,100
Short Interest Ratio (Days To Cover) 8.4
Short Percent of Float 16.07 %
Short % Increase / Decrease -2 %
Short Interest (Shares Short) - Prior 36,290,700
Shares Float 222,113,200
Trading Volume - Today 3,301,879
Trading Volume - Average 4,226,000
Trading Volume - Today vs. Average 78.13%
% Owned by Insiders 25.21%
% Owned by Institutions 20.80%
Market Cap.
$ 919,679,900
http://shortsqueeze.com/?symbol=mux&submit=Short+Quote%E2%84%A2
Would you buy the 3rd Tesla vehicle that they made over 4 years ago?
It never really ran. They won't tell you how far it will go without it needing to be rebuilt.
They won't tell you how long the battery will last.
They really won't tell you anything. It has sat in a building and not ran for over 4 years.
It will cost you a fortune to run.
Would you buy it?
PLEASE ANSWER THE QUESTION ONLY TALKING ABOUT P2O AND NOT TALKING ABOUT PTOI!
Plastic2Oil Inc (OTCPK:PTOI)
Float Percentage Of Total Shares Outstanding
=GURUF("OTCPK:PTOI","Float Percentage Of Total Shares Outstanding")
95.99% (As of Today)
Float percentage of total shares outstanding is the percentage of float shares relative to the total shares outstanding. As of today, Plastic2Oil Inc's float shares is 119.76 Mil. Plastic2Oil Inc's total shares outstanding is 124.76 Mil. Plastic2Oil Inc's float percentage of total shares outstanding is 95.99%.
Insider ownership is the percentage of shares that are owned by company insiders relative to the total shares outstanding. As of today, Plastic2Oil Inc's insider ownership is 79.95%.
Institutional ownership is the percentage of shares that are owned by institutions out of the total shares outstanding. As of today, Plastic2Oil Inc's institutional ownership is 3.40%.
Short percentage of float is the percentage of shares shorted compared to the float. As of today, Plastic2Oil Inc's short percentage of float is 0.00%.
JBII Stock Price Matrix and Report
Assumptions:
~110,000,000 O/S (Currently around 106,000,000 when factoring in Series B)
$80.00/barrel of oil
0.0165
See the sheet/tab at the bottom labeled P2O #'s, and change any # to your liking and receive corresponding stock prices in the table below.
# of P2O Processors EPS PE Stock Price
3 -0.020 200 $(4.07) The PE is likely to be in the 200+ range in the early days due to the
4 -0.004 200 $(0.76) disruptive nature of the technology, and the high profitability
5 0.013 200 $2.55 and replicability of the P2O processor
6 -0.001 200 $(0.15)
10 0.065 175 $11.45
12 0.099 150 $14.78
15 0.128 125 $16.02
20 0.181 75 $13.57
50 0.627 50 $31.36
You can change the PE Ratio or # of processors in the chart above to your liking, and it will instantly update the corresponding share price.
EPS has built in estimated expenses that ramp up as they move to outside sites
I have to apologize to my fans that rely on my 100% CORRECT DD.
I will not be able to spend much time on *here* or *there.
I will be busy focusing on my preparations I MUST take for *Discovery*
I CAN NOT WAIT FOR DISCOVERY!
CAN NOT WAIT!
Apology accepted!
Finally!
Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
100% CORRECT DD!
who knows but obviously the ? would have to be posed directly to the source
and we'll agree to disagree about *accuracy* .. across multiple levels ..
It will be extremely embarassing when they take this "case" to a bunch of different lawyers, and the lawyers say "this isn't bashing, they are just talking common sense, you have no case here".
When I say nobody is going to buy a 4 year old rusted machine. This isn't bashing, its common sense.
When I say you need to run the machine and show that it works. This isn't bashing, its common sense.
When someone says tankers are coming and going and I drive by that day and the place is locked up and there hasn't even been tire tracks in the snow. This isn't bashing... ITS 100% CORRECT DD!!!!!!!!!!!!!!
So let me get this straight? The "buyer" saw the machine run first hand the back half of 2013? When oil was just under $100 a barrel? And is now going to buy the machine 4 years later when oil is around $50 a barrel?
Same buyer?
Do you realize how silly that sounds?
I do not believe there was ever a serious "southern buyer" but that's just my opinion.
The "road map" is soon coming to a cliff, with no warning signs... just a 500' drop
Add> Answer the question about P2O without talking about PTOI!
the obvious reason is because the buyer of P2O's first sale has previously
seen *flagship* fully operational in the back half of 2013 .. which has
been discussed here more than a few x ..
and since it's pretty *clear* that current mgmt has a road map (clearly
articulated via the 10K) laid out .. and mgmt has both maintained IO
and for the first time since 2009 .. has *control* of PTOI's shares ..
all the while NON RETAIL was *relentlessly compressing* PTOI's pps
via every trick in CEs' arsenal .. my money (and odds) remain *invested*
with P2O's tactics and LT *strategies* re: this emerging sector in its ascension .. :)
4kids
I have stated I was wrong about the 10K being filed a few times here and there but the "message is no longer posted".
I admit when I'm wrong unlike.....
The CFO was MIA for a week or two leaking up to the filing. I was thinking he quit and thats how I came up with my assumption.
This is the second time I was wrong on here and appologized.
Still waiting for mine bte about "tankers coming and going" during the 6 months that The Beast was shut down.
PTOI filed... They always do! :)
So let me get this straight? The "buyer" saw the machine run first hand the back half of 2013? When oil was just under $100 a barrel? And is now going to buy the machine 4 years later when oil is around $50 a barrel?
Same buyer?
Do you realize how silly that sounds?
I do not believe there was ever a serious "southern buyer" but that's just my opinion.
The "road map" is soon coming to a cliff, with no warning signs... just a 500' drop.
the obvious reason is because the buyer of P2O's first sale has previously
seen *flagship* fully operational in the back half of 2013 .. which has
been discussed here more than a few x ..
and since it's pretty *clear* that current mgmt has a road map (clearly
articulated via the 10K) laid out .. and mgmt has both maintained IO
and for the first time since 2009 .. has *control* of PTOI's shares ..
all the while NON RETAIL was *relentlessly compressing* PTOI's pps
via every trick in CEs' arsenal .. my money (and odds) remain *invested*
with P2O's tactics and LT *strategies* re: this emerging sector in its ascension .. :)
4kids
So let me get this straight. The "buyer" saw the machine run first hand the back half of 2013 when oil was just under $100 a barrel and is now going to buy the machine 4 years later when oil is at $50 a barrel? Same buyer?
Do you realize how silly that sounds?
I do not believe there was ever a serious "southern buyer" but that's just my opinion.
The "road map" is soon coming to a cliff, with no warning signs... just a 500' drop.
the obvious reason is because the buyer of P2O's first sale has previously
seen *flagship* fully operational in the back half of 2013 .. which has
been discussed here more than a few x ..
It's math. $664,830 / 3.5 = Approx. $189,951 per employee to accomplish what?
Why not lay off 1 employee for 1 year and use that $190K to fix the machine?
The 3.5 employees didn't even shovel the snow this winter. What did they do all that time? Answer the phones from the longs calling to ask when the company will do anything productive?
What could 3.5 employees do at an idle company?
What a waste of $$$$$
Again...
3.5 employees.....Compensation $664,830.
LMFAO
No operations, no sales, nada....yet some major pay is being doled out.
Is "the beast" back up and running and is fully automatic that it only takes 1 employe to operate it? Why else would Rick keep 1 guy on payroll for an entire year in operations?
Employees
As of April 7, 2017, we employed three and one half persons on a full-time equivalent basis, of which one is were executive management, one and one half were in finance and administration, one were in operations.
As much as I $hit on CEO Rick, and as much as I complain about CEO Rick, I have realized that Rick and I have some things in common...
#1 We both put the same amount of time in per week trying to sell a processor- ZERO
#2 We both have sold the same amount of processors over the last 4 years- ZERO
There is no +southern company+. Just wait and see...
Haven't we been pounded with the tale of 'NY is the hardest state to get permitted in and P2O has them so that means blah, blah,blah ?'
Well based on that oft told tale shouldn't permits elsewhere be easy to get ?
So what's the actual holdup.....Or is the NY permit line a bunch of bullshit.
PTOI Timeline:
#1 As previously reported, Plastic2Oil, Inc. (the “Company”) is party to a Memorandum of Understanding (the “MOU”) with a Southern U.S. company regarding potential licensing of the Company’s technology and a potential sale of units. On March 27, 2017, the parties agreed to extend the term of the MOU until May 24, 2017, as the parties need additional time to negotiate and finalize a definitive agreement and to address zoning and permitting at the proposed site. The MOU was extended on two prior occasions. There can be no guarantee that a definitive agreement will be executed prior to expiration of the extended term of the MOU.
#2 As previously reported, on August 26, 2016 Plastic2Oil, Inc. (the “Company”) executed a Memorandum of Understanding (the “MOU”) with a Southern U.S. company regarding potential licensing of the Company’s technology and a potential sale of units. On November 28, 2016, the parties agreed to extend the term of the MOU until January 23, 2017. On January 23, 2017, the parties agreed to further extend the term of the MOU until March 24, 2017. The parties will need to execute a definitive agreement by this date unless a further extension is mutually agreed upon. This second extension of the MOU was agreed upon due to additional time needed to address zoning and permitting at the proposed site. There can be no guarantee that a definitive agreement will be reached prior to expiration of the extended term of the MOU.
#3 As previously reported, on August 26, 2016 Plastic2Oil, Inc. (the “Company”) executed a Memorandum of Understanding (the “MOU”) with a Southern U.S. company regarding potential licensing of the Company’s technology and a potential sale of units. On November 28, 2016, the parties agreed to extend the term of the MOU until January 23, 2016. The parties will need to execute a definitive agreement by this date unless a further extension is mutually agreed upon. This extension of the MOU was agreed upon due to additional time needed to address zoning and permitting at the proposed site. There can be no guarantee that a definitive agreement will be reached prior to expiration of the extended term of the MOU.
I agree!
i will reiterate .. all with *interest* will know P2O (company) has no *future*
Hey Buddy,
Just a few questions about P2O and not PTOI.
Have you used Google Earth and taken a look at #4 and #5? The pictures are quite recent and will give you a great idea of what the plan is for #4 and #5. No need to wait for Rick to file anything in regards to the future of them!
Also have you ever been to and AGM or plant tour?
I missed the first one but made all the others.
I understand the jobs, the environment, blahhh, blahhhh, blahh....
But with oil heading well below $47 a barrel, I don't think that is going to help Rick sell a machine.
How many hours a week do you think Rick puts in as CEO of this PUBCO?
And....
With oil WELL under $48 a barrel again, do you think there is more money to be made turning plastic into oil, or do you think there is more money to be made lending the company money?
Keep in mind... Math doesn't lie!
Also do you think Rahoul QUIT and PTOI will never file another K or Q again? (Edit> Not only may have Rahoul tapped out but some longs are starting to tap out as well... Not *here* but over there*)
I'll ask again...Do you think there is more money in converting plastic into oil or do you think there is more money to be made lending the company money at 12%?
Base amount: $3,000,000.00
Interest Rate: 12%
Effective Annual Rate: 12.68%
Calculation period: 3 years
1 $380,475.09 $380,475.09 $3,380,475.09
2 $428,728.86 $809,203.95 $3,809,203.95
3 $483,102.41 $1,292,306.35 $4,292,306.35
And after 4 years:
4 $544,371.88 $1,836,678.23 $4,836,678.23
Just incase he compounded the interest yearly not monthly like above:
(interest compounded yearly - added at the end of each year)
Year Year Interest Total Interest Balance
1 $360,000.00 $360,000.00 $3,360,000.00
2 $403,200.00 $763,200.00 $3,763,200.00
3 $451,584.00 $1,214,784.00 $4,214,784.00
4 $505,774.08 $1,720,558.08 $4,720,558.08
Way to drop the ball again Rick!
Doing a great job as a less than part time CEO!
Quit micromanaging and turn the company over to someone who cares about it!
I really can't wait to see what Rick files next :)
Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
Item 8.01 Other Events.
As previously reported, on August 26, 2016 Plastic2Oil, Inc. (the “Company”) executed a Memorandum of Understanding (the “MOU”) with a Southern U.S. company regarding potential licensing of the Company’s technology and a potential sale of units. On November 28, 2016, the parties agreed to extend the term of the MOU until January 23, 2017. On January 23, 2017, the parties agreed to further extend the term of the MOU until March 24, 2017. The parties will need to execute a definitive agreement by this date unless a further extension is mutually agreed upon. This second extension of the MOU was agreed upon due to additional time needed to address zoning and permitting at the proposed site. There can be no guarantee that a definitive agreement will be reached prior to expiration of the extended term of the MOU.
Plastic2Oil Inc (OTCPK:PTOI)
Float Percentage Of Total Shares Outstanding
=GURUF("OTCPK:PTOI","Float Percentage Of Total Shares Outstanding")
97.59% (As of Today)
Float percentage of total shares outstanding is the percentage of float shares relative to the total shares outstanding. As of today, Plastic2Oil Inc's float shares is 121.76 Mil. Plastic2Oil Inc's total shares outstanding is 124.76 Mil. Plastic2Oil Inc's float percentage of total shares outstanding is 97.59%.
Insider ownership is the percentage of shares that are owned by company insiders relative to the total shares outstanding. As of today, Plastic2Oil Inc's insider ownership is 79.95%.
Institutional ownership is the percentage of shares that are owned by institutions out of the total shares outstanding. As of today, Plastic2Oil Inc's institutional ownership is 3.40%.
Short percentage of float is the percentage of shares shorted compared to the float. As of today, Plastic2Oil Inc's short percentage of float is 0.00%.
Valid source: www.gurufocus.com/term/FloatPercentageOfTSO/OTCPK:PTOI/Float-Percentage-Of-Total-Shares-Outstanding/Plastic2Oil-Inc
Share Statistics
Avg Vol (3 month) 29.31k
Avg Vol (10 day) 15.76k
Shares Outstanding 124.76M
Float 121.76M
Valid source #2: https://finance.yahoo.com/quote/PTOI/key-statistics?p=PTOI
1 Data provided by Thomson Reuters.
2 Data provided by EDGAR Online.
3 Data derived from multiple sources or calculated by Yahoo Finance.
4 Data provided by Morningstar, Inc.
5 Shares outstanding is taken from the most recently filed quarterly or annual report and Market Cap is calculated using shares outstanding.
6 EBITDA is calculated by Capital IQ using methodology that may differ from that used by a company in its reporting.
Found this interesting in comparing it to PTOI's $10 a barrel production costs.
Oil and gas barrel production Cost, March 2016[39]
Taxes, Capital spending, Production, Transport, Total
UK $0 $22.67 $17.36 $4.30 $44.33
Brazil $6.66 $16.09 $9.45 $2.80 $34.99
Nigeria $4.11 $13.10 $8.81 $2.97 $28.99
Venezue $10.48 $6.66 $7.94 $2.54 $27.62
Canada $2.48 $9.69 $11.56 $2.92 $26.64
U.S. Shal$6.42 $7.56 $5.85 $3.52 $23.35
Norway $0.19 $13.76 $4.24 $3.12 $21.31
U.S. no $5.03 $7.70 $5.15 $3.11 $20.99
Indonesi$1.55 $7.65 $6.87 $3.63 $19.71
Russia $8.44 $5.10 $2.98 $2.69 $19.21
Iraq $0.91 $5.03 $2.16 $2.47 $10.57
Iran $0 $4.48 $1.94 $2.67 $9.08
Saudi $0 $3.50 $3.00 $2.49 $8.98
2 days away from the big day! Come on Rick. Don't let us down.... AGAIN!
I even emailed him to remind him of what he wrote 88 days ago or so.
You know he tends to forget since PTOI is the last thing on his list of "to do's".
Rick is going to make this the best Christmas EVER!!!!
Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee.
As previously reported, on August 26, 2016 Plastic2Oil, Inc. (the “Company”) executed a Memorandum of Understanding (the “MOU”) with a Southern U.S. company regarding potential licensing of the Company’s technology and a potential sale of units. On November 28, 2016, the parties agreed to extend the term of the MOU until January 23, 2017. On January 23, 2017, the parties agreed to further extend the term of the MOU until March 24, 2017. The parties will need to execute a definitive agreement by this date unless a further extension is mutually agreed upon. This second extension of the MOU was agreed upon due to additional time needed to address zoning and permitting at the proposed site. There can be no guarantee that a definitive agreement will be reached prior to expiration of the extended term of the MOU.
Drove by the plant. Same car and truck are back that are usually there.
I a$$ume that Rahul was inside his trailer work hard at filing on time.
Glad to see he didn't quit and leave the company high and dry!
Glad to see he is making a "fresh carrot"!
It will take about 40 days to find out who the buyer was but that is a very interesting theory. I assume it will be a # Ontario company and we will never find out. Wonder whats going to happen with all that junk on the property of HQ that they moved there?
Interesting how that sale price is very , very close to the funds raised recently by Heddle.
Wonder if Heddle actually paid the defaulted mortgage so he could have time to sell before foreclosure and now those proceeds will be used to repay note holders.
Since CEO Rick H is deaf, dumb, mute, stupid and lies I thought I would let everyone know that the main office building in Thorold on Allanport Rd HAS BEEN SOLD and will close by next week. Not early January like Rick 8'kd.
I hear that the property sold for $525-535,000.
You're welcome for my 100%_CORRECT_DD once again!
IF PTOI is in the business of turning plastic into oil, and if the sector is in its ascension and its emerging, why didn't the $350,000,000.00 recycling plant WITH A PLASTIC 2 OIL component in it come and knock on Ricks door or better yet, WHY DIDN'T RICK GO KNOCKING ON THEIR DOOR!!!!!
How do you let something like this slip by?
$350,000,000.00 project that brings PLASTIC to your DOORSTEP!
No thanks, not interested!
What a JOKE RICK IS!
factually false .. sector is in its ascension .. that means it's emerging .. and the value of the market lies
ahead specific to P2O
cant help those who cant recognize stock manipulation and why undertaken on the mostly fungible OTC
where PTOI currently trades ..
do the research on PK .. ;)
Dying sector in its assassination and all with common sense know it...
emerging sector in its ascension and all with interest know it ..
Excuse me...
Do you think it's cheaper, year to year, to keep the "doors open" than for CEO RICK to close the doors and face the multiple lawsuits?
With oil WELL under $48 a barrel again, do you think there is more money to be made turning plastic into oil, or do you think there is more money to be made lending the company money?
Keep in mind... Math doesn't lie!
Also do you think Rahoul QUIT and PTOI will never file another K or Q again? (Edit> Not only may have Rahoul tapped out but some longs are starting to tap out as well... Not *here* but over there*)
I'll ask again...Do you think there is more money in converting plastic into oil or do you think there is more money to be made lending the company money at 12%?
Base amount: $3,000,000.00
Interest Rate: 12%
Effective Annual Rate: 12.68%
Calculation period: 3 years
1 $380,475.09 $380,475.09 $3,380,475.09
2 $428,728.86 $809,203.95 $3,809,203.95
3 $483,102.41 $1,292,306.35 $4,292,306.35
And after 4 years:
4 $544,371.88 $1,836,678.23 $4,836,678.23
Just incase he compounded the interest yearly not monthly like above:
(interest compounded yearly - added at the end of each year)
Year Year Interest Total Interest Balance
1 $360,000.00 $360,000.00 $3,360,000.00
2 $403,200.00 $763,200.00 $3,763,200.00
3 $451,584.00 $1,214,784.00 $4,214,784.00
4 $505,774.08 $1,720,558.08 $4,720,558.08
I thought this msg board was out of control *here*, but I can't believe whats going on over *there*? Talks of hedge funds buying, 120 MILLION shorted shares and to top it all off a SP of $20. Hahahah. My Lord...WHEN REALITY HITS ITS GOING TO SUCK FOR THEM!
Think it's cheaper, year to year, to keep the "doors open" than for CEO RICK to close the doors and face the multiple lawsuits?
With oil WELL under $48 a barrel again, do you think there is more money to be made turning plastic into oil, or do you think there is more money to be made lending the company money?
Keep in mind... Math doesn't lie!
Also do you think Rahoul QUIT and PTOI will never file another K or Q again? (Edit> Not only may have Rahoul tapped out but some longs are starting to tap out as well... Not *here* but over there*)
I'll ask again...Do you think there is more money in converting plastic into oil or do you think there is more money to be made lending the company money at 12%?
Base amount: $3,000,000.00
Interest Rate: 12%
Effective Annual Rate: 12.68%
Calculation period: 3 years
1 $380,475.09 $380,475.09 $3,380,475.09
2 $428,728.86 $809,203.95 $3,809,203.95
3 $483,102.41 $1,292,306.35 $4,292,306.35
And after 4 years:
4 $544,371.88 $1,836,678.23 $4,836,678.23
Just incase he compounded the interest yearly not monthly like above:
(interest compounded yearly - added at the end of each year)
Year Year Interest Total Interest Balance
1 $360,000.00 $360,000.00 $3,360,000.00
2 $403,200.00 $763,200.00 $3,763,200.00
3 $451,584.00 $1,214,784.00 $4,214,784.00
4 $505,774.08 $1,720,558.08 $4,720,558.08
FYI (AKA For your information):
Avg Vol (3 month) 43.87k
Avg Vol (10 day) 15.4k
Shares Outstanding 124.76M
Float 121.76M
Think it's cheaper year to year to keep the "doors open" than for CEO RICK to close the doors and face the multiple lawsuits?
With oil WELL under $50 a barrel again, do you think there is more money to be made turning plastic into oil, or do you think there is more money to be made lending the company money?
Keep in mind... Math doesn't lie!
Also do you think Rahoul QUIT and PTOI will never file another K or Q again? (Edit> Not only may have Rahoul tapped out but some longs are starting to tap out as well... Not *here* but over there*)
I'll ask again...Do you think there is more money in converting plastic into oil or do you think there is more money to be made lending the company money at 12%?
Base amount: $3,000,000.00
Interest Rate: 12%
Effective Annual Rate: 12.68%
Calculation period: 3 years
1 $380,475.09 $380,475.09 $3,380,475.09
2 $428,728.86 $809,203.95 $3,809,203.95
3 $483,102.41 $1,292,306.35 $4,292,306.35
And after 4 years:
4 $544,371.88 $1,836,678.23 $4,836,678.23
Just incase he compounded the interest yearly not monthly like above:
(interest compounded yearly - added at the end of each year)
Year Year Interest Total Interest Balance
1 $360,000.00 $360,000.00 $3,360,000.00
2 $403,200.00 $763,200.00 $3,763,200.00
3 $451,584.00 $1,214,784.00 $4,214,784.00
4 $505,774.08 $1,720,558.08 $4,720,558.08
Think it's cheaper year to year to keep the "doors open" than for CEO RICK to close the doors and face the multiple lawsuits?
With oil WELL under $50 a barrel again, do you think there is more money to be made turning plastic into oil, or do you think there is more money to be made lending the company money?
Keep in mind... Math doesn't lie!
Also do you think Rahoul QUIT and PTOI will never file another K or Q again? (Edit> Not only may have Rahoul tapped out but some longs are starting to tap out as well... Not *here* but over there*)
I'll ask again...Do you think there is more money in converting plastic into oil or do you think there is more money to be made lending the company money at 12%?
Base amount: $3,000,000.00
Interest Rate: 12%
Effective Annual Rate: 12.68%
Calculation period: 3 years
1 $380,475.09 $380,475.09 $3,380,475.09
2 $428,728.86 $809,203.95 $3,809,203.95
3 $483,102.41 $1,292,306.35 $4,292,306.35
And after 4 years:
4 $544,371.88 $1,836,678.23 $4,836,678.23
Just incase he compounded the interest yearly not monthly like above:
(interest compounded yearly - added at the end of each year)
Year Year Interest Total Interest Balance
1 $360,000.00 $360,000.00 $3,360,000.00
2 $403,200.00 $763,200.00 $3,763,200.00
3 $451,584.00 $1,214,784.00 $4,214,784.00
4 $505,774.08 $1,720,558.08 $4,720,558.08
FYI:
Share Statistics
Avg Vol (3 month) 45.6k
Avg Vol (10 day) 27.76k
Shares Outstanding 124.76M
Float 121.76M