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The latest financial disclosure is actually a 200K infusion by various investors within the last couple months or so. I wonder how that plays out against a raging short interest who would love nothing more than to see dilution and a reverse split to sweeten the pot. Oh ...boo hoo...not going to happen...
GL PTOI'rs...
going to be a great run when the shorts cover their phantom activity
And nothing speaks more directly to the fact that that particular bit of doodling has no value whatsoever.
A downtrend in prices with an uptrend in the Accumulation Distribution Line indicate underlying buying pressure (accumulation) that could foreshadow a bullish reversal in prices.
ER....Gee... Upon more careful review...the Accumulation line has been increasing for TWO YEARS!!! Add the 50 day is soon to be passing through the 200 day.... Oh my my my... when this thing busts loose...hang on!!
GL PTOI'rs.... going to be a great run!!!
Longs sold nearly 215,000 shares today.
Based on the latest 8K announcing an agreement
WHAT????? Nobody DYING to sell @ .05???? what happened to the .0001???? Where's my .0001??? You guys promised!!!
Another shot over the bow..... I wonder how many it will take for a little interest from those who may be falling a bit short??!! :)
yeah ...right...retail was selling @ .02.... .03. HA! The only folks getting duped around here are the ones who ARE NOT buying in at these low prices and at the same time watching these MM's scramble for shares...that just won't be had until much later in the game~~~
GL PTOI'rs
sure is fun watching shorty get a little antsy.... If the action now is any indication of the close....it's going to get pretty exciting around here!!
I gave the painter a raise....and look where he's putting his money...that silly rascal!
getting a laugh out of this "pump" talk.... who pumped this ...Heddle??
He's dangling a carrot you say???
Actually, by the tale of the tape....he gave the shorts fair warning...right about the time they are having to zero out the books by the end of the day...because they have nothing left!! They are in deep...and nowhere to go!!! This is going up...with a few retail...and the inevitable running the price up by MM's...because they have no choice. When those who have been waiting on the sidelines...decide to climb in...volume and price are going to climb considerably!! This is going to be wonderful!!
GL PTOI'rs~~~~
ohhhh....these shorts are gonna burn...
burn shorty burn....
.09 right around the corner
no selling down here!!! :)
Got a little hot for the newbie INTL...they bailed...hahahaha...they're not messing with NITE!!! ahaha
Good Luck PTOI'rs!!!!
And yet the oft predicted short squeeze never happens...
there are no sellers.....they're totally phantom shares...totally made up... nothing legit about them...and at some point...someone is going to realize... Wait a minute...the OS is totally accounted for...and nobody is selling....so how do all these buys occur???
the things that make one go hmmmmm....
are the same things that make shorty just a teeny tiny bit caught up in their underlinings....
ohhhhhhhh It will be an epic run....
GL PTOI'rs!!!!!!
yeah ..right....there were sellers @ .02--.03...right. Just like there were sellers @ .04....right. Poor NITE is sitting there with .045 bid...and has nothing...others @ .04....and nothing!! The recent news is not responsible for that! There's no selling at these levels.....and one day...these MM's are going to stop trying to stick a square peg in a round hole....the game is just about up. They have nothing...and hanging on by fingernails....ohhhhhh...this is going to be fun!!
GL PTOI'rs....going to be a great run!!!!
EDIT HA!!!! a new kid on the block....... INTL....now that's special!!! fingernails cut to the bone!!!!
The company recently reported in its Form 8-K filed with the Securities and Exchange Commission on August 10, 2013 that it had received $100,000 in financing proceeds from a private placement of 12% secured promissory notes and warrants
NEWS.............
NIAGARA FALLS, NY--(Marketwired - Sep 13, 2016) - Plastic2Oil, Inc. (OTCQB: PTOI) -
-- Company progressing on securing additional debt financing to provide working capital -- Executed Memorandum of Understanding (MOU) with potential waste-to-energy partner in Southern United States -- Exploring reduction in warehouse and office space to cut costs and generate working capital
Plastic2Oil, Inc. (OTCQB: PTOI), an innovative North American fuel company that transforms unsorted, unwashed waste plastic into ultra-clean, ultra-low Sulphur fuel without the need for refinement, today announced several business updates.
Securing Working Capital
The company recently reported in its Form 8-K filed with the Securities and Exchange Commission on August 10, 2013 that it had received $100,000 in financing proceeds from a private placement of 12% secured promissory notes and warrants. On August 24, 2016, an additional $100,000 was received from investors in the private placement. The terms of the current financing were identical to the terms of the company's prior debt financing in which Plastic2Oil CEO Richard Heddle and Heddle Marine Services, Inc. cumulatively purchased $4 million of secured notes, aligning his interests with new investors in the company.
Additionally, in the company's efforts to generate working capital, the company has listed for sale its unused office and warehouse space in Thorold, Ontario. The company cannot make any assurance that a sale will consummate.
The company is also actively exploring other options to monetize its blending facility in Thorold, Ontario. Such options may include seeking either an outright sale of the facility, or leasing the site to generate cash flow. Further details on any potential monetization of the facility will be provided as they develop. There is no assurance that the company will be able to monetize this site.
Plastic2Oil Business Prospects
The primary focus of the business continues to be the license of the company's Plastic2Oil technology to potential partners and businesses that can vertically integrate the P2O process.
The company has recently finalized a Memorandum of Understanding (MOU) with a Southern U.S. company regarding potential licensing of the company's technology and a potential sale of units. The MOU, which is non-binding, sets forth an understanding between Plastic2Oil and a potential partner regarding mutual intent to negotiate and enter in definitive agreements providing for cooperation and collaboration on business ventures related to the production and sale of fuel derived from plastics. The definitive agreements will encompass the first site housing two processors and will define the rights of the partner to develop additional (15-20) facilities. Material developments regarding this relationship will be disclosed in a timely fashion at the appropriate time. There can be no assurance that this MOU will lead to entry into a definitive agreement with the potential partner or that any such venture will generate revenue or profits for Plastic2Oil.
The company is also currently working with a vendor to supply full control systems for Processors #4 and #5, the machines that would be first to be deployed in the event that a sale, license, JV, or other business venture is consummated. The company also remains in active talks with other vendors regarding fabrication and supply of the remaining components of its Plastic2Oil processors.
About the Company
Plastic2Oil, Inc. ("P2O") is an innovative North American fuel company that transforms unsorted, unwashed waste plastic into ultra-clean, ultra-low Sulphur fuel without the need for refinement. The Company's patent-pending Plastic2Oil(R) (P2O(R)) is a proprietary, commercially viable and scalable process designed to provide immediate economic benefit for industry, communities and government organizations faced with waste plastic recycling challenges.
With its revolutionary P2O technology, P2O has pioneered a process that has the ability to change the way the world handles waste plastic and plastic recycling. P2O is committed to environmental sustainability by diverting plastic waste from landfill and potential incineration.
The Company is also committed to the creation of green employment opportunities and a reduction in the cost of plastic recycling programs for municipalities and business.
U.S. investors can find current financial disclosures and Real-Time Level 2 quotes at http://www.otcmarkets.com/stock/PTOI/quote.
FORWARD-LOOKING STATEMENTS
The information presented in this Press Release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties. Forward-looking statements include, but are not limited to, statements with respect to management's current beliefs, plans, strategies, objectives, goals and expectations, including expectations about the future financial or operating performance of Plastic2Oil, Inc. (the "Company") and its projects, sales, vendor and customer contracts, capital expenditures, capital needs, government regulation of the industry, environmental risks, limitations of insurance coverage, and the timing and possible outcome of regulatory matters, including the granting of patents and permits. Words such as "expect," "anticipate," "intend," "attempt," "may," "will," "plan," "believe," "seek," "estimate," and variations of such words and similar expressions are intended to identify such forward-looking statements. The potential risks and uncertainties that could cause actual results to differ materially from those expressed, implied or forecasted herein may include, without limitation, risks associated with general business, economic, competitive, political and social uncertainties; risks associated with changes in project parameters as plans continue to be refined; risks associated with failure of plant, equipment or processes to operate as anticipated; risks associated with accidents or labor disputes; risks associated in delays in obtaining governmental approvals or financing, or in the completion of development or construction activities; risks associated with financial leverage and the availability of capital; risks associated with the price of commodities and the inability of our Company to control commodity prices; risks associated with the regulatory environment within which our Company operates; risks associated with litigation including the availability of insurance; and risks posed by competition. The forward-looking statements in this press release are made as of the date of this press release. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
The Company urges readers of this press release to consider carefully the disclosures in the Company's filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K, which was filed on April 14, 2016.
Contact Information Plastic2Oil, Inc. 20 Iroquois Street Niagara Falls, NY 14303 Direct 716-278-0015 (MORE TO FOLLOW) Dow Jones Newswires September 13, 2016 06:00 ET (10:00 GMT)
The A/D line has been rising for ...easily the last 18 months...but has been boohoo'd on this board .... the contention being that someone paints the tape at the end of the day to make it appear folks are accumulating!! heh heh...
There's no denying folks are accumulating...have been accumulating...and will continue to accumulate at these ridiculously low prices... Nobody is selling down here... These phantom shares at the ask are all made up. The last legit selling, IMO, was .09...and we were almost there today...might have been a few sellers today...to chill the books... but otherwise...nahhh..not so much.
GL PTOI'rs...that A/D line is going to be the story pretty soon...gonna be a good run! :)
hey..wouldn't surprise me if some folks sold a few @ .07. Especially if they bought in some time ago and have since averaged down to whatever. They could be selling at a huge loss,FIFO, but on par for their average share price. Realizing that must be difficult for some. It's possible!! I think what is just as likely is a whacked bid by some MM's to see if retail would play along..the games that go on...endless :) Longs are acutely aware of the history here...and IMO, waiting for an inked deal..
but clearly....that putrid bid of .045 is sucking wind....nobody's selling down here.
GL PTOI'rs~~~~
well...he's learning about a public company....that's for sure
I'm sure he got sick and tired of the calls and emails that questioned..."over the next few weeks" or whatever it was with the last update...
Material developments regarding this relationship will be disclosed in a timely fashion at the appropriate time
I wonder if it would be too much trouble to get that PR in the appropriate space with the rest of the filings...etc??
OHHHH NICE!! Things are going to get just a bit interesting around here!!! Another 100K...MOU...partners? JV? negotiations?? Ahhh...things headed in the right direction...
It's all good....
shorty getting a little hot around the collar???
GL PTOI'rs...revenue around the corner!!!
zero doubt nobody's actually buying this scam
It's all made up...make believe...sure makes you believe there are sellers though...huh??? It's called disinhibitory modelling...hoping to catch those war torn...exhausted longs...in a bad moment...and making them believe...there are real sellers...in hopes they will join in to dump a few of their very contentious shares.
I sure would hate to be short... stooping to these levels...they've doing it since about .09. Clearly, the plan isn't working...nobody is selling...these guys ...lol...trying to stick a square peg in a round hole...again...and again
GL PTOI'rs.... it's going to be a fantastic run when the good news breaks!!!
It's amazing how Bordynuik continues to be defended here by certain *entities*...
It hasn't traded at .09 since June 2015, 15 months ago. 23 million shares have traded since then.
I love it...nobody's been selling since about .09... and these clowns are trying to make it appear as though the market is real @. 034....
PFFFTTT....give it up you crooked souls....nobody is selling...it's all made up...
what 'ya gonna do when they come for you....bad boys bad boys.....
GL PTOI'rs.....can you smell shorty starting to take on a little heat!!???
LOL :)
ugh....could there be a better time for some good news??? I suppose so...let's wait till this bugger creeps .09-.10 on it's own. C'mon shorties...time to get back in before the news hits...
GL PTOI'rs....
gonna be a great run
get a few more cheapies before the tsunami hits :)
ever get the feeling...the price of the metals is only a secondary concern as compared to the price of the miners??... the guys who actually dig the stuff out of the ground?? These bullion banks, institutional investors, big-big money, deep pockets...they're not buying the metals....if anything they're selling the actual metal...and they're sucking up the mining stocks where they can earn multiples of their money...only then to sure up their short positions in the metals...off nothing but profits. I've thought this for some time...but it's becoming more and more, at least in my mind, this was was the plan all along....and it so simple...and sick...and greedy...and right up the alley of these scoundrels.
Hold em tight...this sector is about to explode!!
I was hoping it was going to .0001. Most everyone around here claimed it was going there...so I've been patiently waiting! :)
Wait for it...there will be this surge of volume and a SP that increases proportionately....which will be a red flag for some....but the story will be ....it's "insiders".
We know there will be very little buying from longs/retail unless there is GOOD news. We will probably continue to see a dribble of "real" volume, but I would guess even less than what has been the "norm" over the past 6-12 months...the price appears to be adjusting to the lack of game playing...interesting. I think it's been 4 days or so...something has changed.
If it keeps up like this...even on this cheesey volume...I may have to adjust my price points!! :)
What this stock would do with an infusion of cash...and a PR that spells out revenue...WOW!!!
tick tock......
GL PTOI'rs
There better be news soon...because there's going to be a whole lot of "buying" going on...and it's not going to be retail without GOOD news. Talk about falling on a sword!
I'm all for it...march it right on down to .0001....problem is....they attempt to walk it down to under .02... and hit a bit of a snag. I can't imagine what the problem is. I've been waiting since about January for this march down to .0001 and every time...SOS...we get hung up.
I mean, how does that happen...a company with no revenue over most of three years...machines that are not producing...or even running....mounting debt...exhausted retail...no news to bring in new investors....but still filing...
There must be a catch.....
grandalf48ct you got a Price target?
Wow... L2 looks "ripe" for a smashing PR.
I wouldn't want to be short on this one...
one breath of good news...
and we're off the races...
GL PTOI'rs :)
IF RH can fill that 900K without a PR... one might assume there's a whole lot more going on than what is currently known. Perhaps some folks in the wings waiting for that Form D filing. I'm expecting some kind of update beyond that blissful 10Q. I can't imagine the Leahy transaction alone will buy a whole lot of time.
BUT, in the meantime....there doesn't appear to be a whole lot of game playing today ....and there sits CDEL @ .025 99,990.....(heh heh...10 share theme) empty handed...
GL PTOI'rs..... I think I can hear those crooked mm's writhing in pain at the thought of having to bid this thing up!!! hahaha
was that a head fake...computer glitch....the Fed's.... maybe....perhaps....what if..... what the heck happened?
K ...well...I'm not calling Finra...
nor did you answer my question...
We know that 50% or more yesterday was "legit"....yet it appears marked as %6 or whatever... and that information would be provided to REG SHO via MM's
SOOOOOOO..."what is reported and when reported...is "manipulated"
that is the truth...
4k...let's make this very simple...just answer my question..ok :)
I'm not in that arena..... don't know that I want to be...but with baby steps...we can make certain of some things you say...
so ...here we go again...very simply...
Quote:
20160823|PTOI|5220|0|79165|O 6.59%
So let me get this correct...
only 5220 or 6.59% was considered "legit" trades via REG SHO?
20160823|PTOI|5220|0|79165|O 6.59%
I'm not the one with the crazy theories.....
well...how can someone "paint" to the tune of 20k shares....and not have any legit shares traded...
how does that happen?????
Sure....the mortgage is in default....they have no money.....they can't raise more than 100 grand in order to prepare,audit and file the latest 10Q....and they have multiple kilns and towers shrink wrapped in storage for years they can't unload upon any sap willing to lose money....