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I believe many of us were complete rookies when it comes to investing... I know I was... it has been a real learning experience. Dare I use the word "entertaining" to describe how I look at this right now? Stock markets are a gamble... look at what is happening in china right now... people losing their fortunes because the market is going through a severe correction.... they were all rookies too and got caught up in the mass frenzy of easy money to be made.... I think some of us got caught up in that here too.... and if we would of sold when we should have, I know I would have a quarter of a million in the bank right now... Oh well.... lol... it IS a game.Right now, like chess... we are in a stalemate. Good luck to all legitimate investors..... :o)
Thanks 4K.... while we may disagree on the pedigree of a certain investor, I do appreciate all of the work you put into this. And what you say after years and years of documentation does make sense to me.
I can only hope that you are correct in your estimates... it is time. :o)
Hi 4k. As i have mentioned privately i trust this source implicitly and i personally know him. Unless you can claim the same i would question your source.
Not a hotel anymore.... and no for sale sign... suggest whoever started that rumor check your source... got a link?
If it wasnt so sad it would be comical to see this stock trade and change price by the thousandths of a penny.
FWIW i agree with you.
http://www.pr.com/press-release/620336
Competitive Landscape
Key players in plastic-to-fuel business in the U.S. are Plastic2Oil, Vadaxx Energy, Agilyx Corporation and RES Polyflow. The companies active in the market are undergoing expansion plans within and outside the countries. However, one of the key players in the market recently announced closure of one of the plastic-to-oil production facility.
Link doesn't work............
You know it doesn't work that way, and so do most of us who have been along for this ride.... borrow one share... sell one share... replace first share borrowed by buying it back... no extra shares in the market.
Just thinking to myself here, but it shouldn't matter who bought the shares... bought and paid for... the question is who borrowed them to sell and what do they have to pay to give them back.
People think about it.... the number of shares being traded is miniscule in dollar amount.... it is probably retail and wash.... if this is going to be the multi million or billion dollar company as is being touted daily, it sure doesn't act like one. People in the know would be buying a lot more shares imo.
The more logical scenario is that someone is slowly selling off as people are willing to buy.....
Anyway, I'm not selling, just raising a point of view. I'm not buying either.
Don't feel sorry for me.. I sure am not selling anything that I have either. These low prices have allowed me to accumulate slowly and I am happy where I am at this point in time. Should I start to see results I will accumulate more. :o)
Hi 4K,
since you constantly discuss "Threshold triggered" as it pertains to PTOI, I thought it might be worthwhile for the uneducated to understand what exactly that means, as it pertains to PTOI, so I am posting the following definition:
As defined in Rule 203(c)(6) of Regulation SHO, a “threshold security” is any equity security of any issuer that is registered under Section 12 of the Exchange Act, or that is required to file reports under Section 15(d) of the Exchange Act (commonly referred to as reporting securities), where, for five consecutive settlement days:
There are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more per security;
The level of fails is equal to at least one-half of one percent of the issuer’s total shares outstanding; and
The security is included on a list published by a self-regulatory organization (SRO).
A security ceases to be a threshold security if it does not exceed the specified level of fails for five consecutive settlement days.
I hope this enlightens all investors who are not sure what you are talking about when you speak of this as it pertains to PTOI.
Mind you, ... one-half of one percent is not really a big number all things considered...............
Still long and strong but sure not buying any more until there are signs of life..... :o)
Thank goodness for myself (yes I am being selfish here), that I don't give a rats a** what happens day to day... 7 years in on a ten year investment.... let's see where we are in 2018. Everything else is pure entertainment and I truly mean that. Reading these boards provides great information, if you have on the right filters. :o)
TGIF and have a great weekend everybody! :o)
From Energy Economist - February 2015
"Technology and Deployment Technology and Deployment
Plastics to oil
Canadian company Plastics2Oil
announced in January the sale of
six of its third generation plasticsto-oil
processors to EcoNavigation
under a non-exclusive license
agreement. The sale is the
company’s first since it announced
a shift towards licensing its
technology rather than being a
producer and seller of fuel.
The company’s processers use
unwashed and unsorted waste
plastics as feedstock, although
polyethylene and polypropylene
would be optimal. The processor
uses natural gas to fire up, but then
operates on waste gases produced
by the plastic, which represent about
10-12% of the process output. The
company says the conversion of
waste plastic into fuel is about 86%.
The process uses water for cooling
in a closed loop system and requires
53 kWh of electricity to run fans,
pumps and small motors. The use of
the processes’ own off-gases means
the unit requires little external energy
to run. The unit needs 4,500 square
feet of space and 20 ft height.
According to the company, the
processor produces No.2 Fuel
(diesel), No.6 Fuel, naphtha and
2-4% petroleum coke without any
further refining requirement and
without the use of a distillation
tower. About 1 gallon of fuel is
extracted from 8.3 lbs of plastic.
When the plastic arrives it is
shredded and fed into a rotary
reactor, which vaporizes it. The
vapor is then fed into one of two
catalyst towers where it is broken
down into different types of fuel, a
process known as catalytic
deploymerization. The unit emits
fewer greenhouse gases than a
natural gas furnace, according to
the company. Platstics2Oil has a
permit from the New York
Department of Environmental
Conservation for commercial
operation of its unit in Niagara Falls.
According to a study published by
Colombia University’s Earth
Engineering Center in July last year,
plastic represents about 11%, or
39.3 million tons, of total municipal
solid waste in the US. By 2011,
9.9% of this was being converted to
electricity via waste-to-energy
plants, with the vast majority –
82.7% or 32.5 million tons –
disposed in landfill sites.
The American Chemistry Council
produced a report on plastics-to-oil in
October, which found that the US
could support 350 to 600 PTO
facilities, which would require $6.6
billion in investment, but would
generate $18 billion in economic
output during the investment phase
and $8.9 billion a year thereafter,
eliminating 6.5 million tons of
landfilled plastic. The ACC assumed
that only 20% of post-consumer nonrecycled
plastic landfilled each year
would be diverted to PTO and focused
specifically on pyrolysis technologies.
The ACC assumed two scenarios.
The first was based on small PTO
facilities with an individual
investment cost of $10.5 million,
each processing 10,600 tons of
plastics and producing 42,500
barrels of synthetic crude a year.
600 such facilities would be
required to process 20% of landfilled
plastic. The second scenario was for
350 larger $18.8 million units,
processing 18,300 tons of plastic
and producing 106,000 barrels of
crude each a year. The second
scenario, which produces more fuel,
equates to about 100,000 b/d of
refined products.
According to Sam Haig of UK
company Axiom Consulting, plastics
incineration makes neither
environmental nor economic sense,
while landfill is simply burying a useful
resource and recycling has high
operating costs and produces low
yields. Conversion to oil products, he
argues, makes more sense. Speaking
at the 12th European Gasification
Conference, held in the Netherlands
in March last year, (when the price of
oil was still above $100/barrel), he
outlined three PTO routes: pyrolysis,
catalytic depolymerization and
gasification to syngas followed by
Fischer-Tropsch synthesis, methanol
to gasoline conversion or
bioproduction of ethanol.
Haig concluded that gasification
routes are preferable because of
the greater control over and
flexibility with products, but notes
that pyrolysis provides the best
energy yield with low capital
expenditure. He said: “Our analysis
suggests that it is now economically
viable to convert low grade plastics
into fuel. We studied five chemical
engineering processes and
concluded that three: fast pyrolysis;
depolymerization; and gasification
with biological treatment provided
significant financial returns over a
ten-year period.”
Summary comparison of PTO technologies
Process Product Energy yield Minimum scale CAPEX required
Pyrolysis crude oil 80% small low
Catalytic depolymerization gasoline/diesel mix 75% small medium
Gasification with FT synthesis diesel (+ waxes) 30% (50%) large high
Gasification with MeOH-gasoline gasoline 45% large high
Gasification with bioprocessing ethanol 50% large high
Source: Axion Consulting"
Today's trades worth approx $8165.00
Approximately $4600.00 in trades today.
everybody seems to be tracking different things around here... lol
I think I will start to track daily amount of money spent on shares... today approximately $810.00
Let's see if a pattern emerges after awhile.
Still long and strong but can recognize treading water.
Yes, I too have followed the international progress and it is nice to see the name showing up in various countries throughout the world... it might still take a few years, but the ball is rolling... I wonder how the assembly line construction is coming along. :o)
Nobody selling, but nobody buying either.... only $500.00 worth traded hands today. Just saying.
For me anyway, this has always been a ten year investment... still 4 years to go to see how this will play out. But I will definitely take your recommendations seriously when the time comes. :o)
Yes I tend to agree with you.... slow and steady as usual..... and I am reminded that nobody loses anything until they sell... I will join you on that island one of these years. :o)!!
Hey Guz! Glad you're still here. I picked up a small bit more today... still in accumulation mode... :o)
Good luck to all PTOI Longs... :o)
I have received my papers from CIBC
Re: settlement ... Still waiting on BMO and Questrade.
Fine was a slap on the wrist In my opinion.
I think I feel like buying a bit more again.... :o)
0.076
Nothing will happen until this trial run is finished imo , in fact the price will probably continue to drop.
Looks like I will just continue my slow accumulation mode. :o)
Finally...we have a definitive end goal in mind.... if this outside company likes the trial run then the machines are a proven success and Longs win.... if this outside company walks away, then this company is dead and Longs lose... all in my opinion of course.
The long wait is almost over. One way or another 2015 will answer a lot of questions.
:o)
So, 120 days from beginning of the pilot test program...I wonder how long it will take to get that started... I think we won't know much until June or July at the earliest.
:o|
Dare I pull out an old saying and say "Release the Kraken"? :o)
As much as I hope you are correct, I don't believe any rumours any more..... too many in the past and nothing to show for it. This doesn't mean to say that I am not still Long, it just means that in my opinion to believe anything said on here is just crazy.
Have a good one! :o)
Happy New Year to all those invested in PTOI. :o)
IF there is a huge short position, I wonder which MM will get stuck with the Hot Potato?
A very Happy New Year to everybody on board here, both long and short, traders and flippers and everybody else... :o)
:o)
PTOI
Buy 2400 @ 0.085 Limit GTC
December 31 2014 at 09:30
Happy New Year!
If I believed every rumor on these message boards I would have sold my shares years ago.... but I am still accumulating. :o)
I am curious... since this always has been about the PLASTIC and not the oil, how has the market for recycled plastic been affected by the rapid drop in oil prices? Or the closure of China as a disposal site for it? Anybody know?
If the plastic market has tanked and more of it is going into landfills, then there is an even more immediate use for the processors. Landfills don't take it for free......
IMO
:o)
I agree. I do not think that anybody is happy at where we are at right now, but I agree with you and will ride this thing whichever way it goes... imo it would be foolish to sell at this low price.
Have a great New Year!
You are doing better than me... I was going to Berlin! LOL