And the way I see it, ladies, you owe me for one jelly doughnut!
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Institutional Investors don't bid sit....lol.
When they target a stock they buy....and are not shy about it. They know their price point and how many shares they want. They aren't waiting.
I've discussed this with several friends who work at hedge funds way back when I first started getting involved in trading.
One of them thought it really funny actually....he couldn't believe anyone would think they cared about fractions of a cent.
It's very possible the supposed CEO of Nulixo wears a helmet full-time and is only allowed a spoon to eat for his own protection.
Seriously doubt he is allowed to use a keyboard without a parental lock.
According to the supposed Nulixo's CEO .. who's actions taken have many questioning his severe lack of intelligence.... they are bidding against other companies to take over already established municipal waste recycling.
That means they are only wishing to join the current 'solid waste management by developed and developing nations'.....not provide some miracle 'urgent action'.
And Nulixo isn't very successful at it also. Actually they suck at it. Probably because the supposed CEO never seems to do anything to dispute why his actions and comments make him appear imbecilic.
Do many ridicule Nulixo/P2O lack of success ?
Of course they do do.
Both are joke companies with no operations.... who's efforts to fool gullible marks is well documented.
One is a company founded by an admitted fraudster and the other is apparently run by a mentally challenged individual.
.... useless....
There... fixed it for you.
And the answer is both are equally useless.
Maybe those municipalities have actually researched Nulixo and P2O and decided to pass spending millions in taxpayer money on a paper company with no history of recycling anything and their partner who hasn't had an active operation in nearly 7 years, was founded and ran by a fraudster, and is multimillions in debt.
Yeah... because 'unpredictable' has worked out so well for P2O shareholders in the 6+ years Heddle has been in charge.
What a great attribute !!
Since Heddle showed up his amazing unpredictable trait has shown holders of this POS stock better than 90+% loss of investment.
Oh yeah.... more unpredictable behavior is what they should be hoping for..... LMFAO.
Putting unaudited financial information on a paid-for-publication site such as OTC Markets .... rather than actually filing the proper financial statements with the SEC for true oversight that benefits and protects shareholders...
.. is more equated to popping a bottle of Boone's Farm than any champagne.
Bottoms up PTOI shareholders !!
Oh yeah....Heddle hangs out with the finest people.....lmfao.
The flagship is #2
The flagship turns anything into #2.
It's a WIWO system. Waste in, Waste out.
Oh yeah.... someone knew something.
Over in batshitter land there was all kinds of documenting and nutball talk about how 1 share was traded and every lunatic conspiracy associated.
And then one batshitter step forward and claimed the trade.....lol.
Ooooops.
This company is worth pennies on the dollar as far as a buyout.
Heddles shares are only approximately 5% of the issued so he isn't in for too much there and I doubt he seriously cares if the buyout was for pennies a share.
It's the ridiculous loans he made to keep this junk afloat when he became CEO.
I didn't look but I wonder what the present day totals are within those OTC recent filings.
10-12-15 million...or more... he is owed supposedly.
If those loans were legit Heddle was the biggest bag holder of them all.
I thought they had to be current to deregister.
If so this makes total sense
Steve Price excels in dumbassery.
Steve Price is a moron batshitter.
So much of this is similar to P2O it's uncanny.
It's almost as if they studied Bordynuik and then copied his methods of how to run a scam.
https://www.plasticstoday.com/advanced-recycling/advanced-recycling-company-loop-industries-called-fraud
Advanced Recycling Company Loop Industries Called a Fraud
Loop Industries stock plummets as report from Hindenburg Research calls the company’s advanced recycling claims “smoke and mirrors with no viable technology.”
Clare Goldsberry | Oct 14, 2020
plasticstoday.com
Recycling plastics — all types of plastics — has been a holy grail for the industry as well as brand owners who depend on plastic packaging for convenience, safety, product freshness, and security. As the accumulation of plastic waste has become a high-profile issue, finding a recycling solution has taken on increased urgency.
Environmental activist groups have pressured big brand owners such as PepsiCo, Coca-Cola, and Nestle through shareholder proposals and even lawsuits if they don’t clean up the plastic waste caused by their products. So eager are these big companies to find the magic bullet to remove plastic bottles, containers, and other plastic items from the environment that they have been ripe for whatever scheme might come along offering them a way out of this mess.
I’ve often wondered about the press releases I get from various startups touting advanced recycling. Many times, they promote themselves big at the beginning, then go quiet. No follow-up information as to how the plan is working, how many tons of waste plastic they’ve managed to convert to virgin, food-grade plastic to help brand owners achieve sustainability goals. Crickets!
Call me a skeptic.
So, it didn’t surprise me when a news bulletin popped up announcing that Montréal-based Loop Industries had lost 39% of its stock value when charges of fraud slammed the company. Hindenburg Research (which disclosed that it holds a short position in Loop Industries’ stock) published a 28-page report titled, “Loop Industries: Former Employees and Plastics Experts Blow the Whistle on this ‘Recycled’ Smoke and Mirrors Show.”
You can read the report and make your own judgment, but I began questioning this company’s business model months ago. I had become suspicious because I was always getting press releases about new ventures with PepsiCo, Coca-Cola, Nestle, Danone, and other big-name brand owners, with Loop taking their PET bottles and containers and depolymerizing the material into monomers that could be made into new food-grade PET. I’ve probably done about 10 articles on Loop Industries over the past two years, but still know very little about them or whether their advanced chemical recycling technology is reaping the expected rewards.
Two labs, two results
Here’s a run-down of what Hindenburg Research discovered during a six-month investigation, interviewing former employees, competitors, industry experts, and company partners.
“Loop Industries has never generated revenue, yet calls itself a technology innovator with a ‘proven’ solution that is ‘leading the sustainable plastic revolution.’ Our research indicates that Loop is smoke and mirrors with no viable technology.”
“Former employees revealed that Loop operated two labs: One reserved for the company’s two 20-something lead-scientist brothers and their father, where incredible results were achieved, and a separate lab where rank-and-file employees were unable to replicate the supposedly breakthrough results.”
“The two brothers, who act as lead scientists for Loop and who co-invented Loop’s recycling process, appear to have no post-graduate education in chemistry and list no work experience other than Loop.”
“According to a former employee, Loop’s previous claims of breaking PET down to its base chemicals at a recovery rate of 100% were ‘technically and industrially impossible.’ The same employee told us the company’s claims of producing ‘industrial-grade purity’ base chemicals from PET were false.”
“According to litigation records, Loop CEO Daniel Solomita hired a convict, who had previously pled guilty to stock manipulation, to help raise Loop’s startup capital. That convict introduced Solomita to another convict, who facilitated Loop’s first investment. Solomita has no apparent formal science education but has a history of stock promotion at another publicly traded company that subsequently imploded.”
“Executives from a division of key partner Thyssenkrupp, with whom Loop entered into a ‘global alliance agreement’ in December 2018, told us their partnership is on ‘indefinite’ hold and that Loop ‘underestimated’ both costs and complexities of its process.”
“We contacted Loop’s other partners, including Coca-Cola and PepsiCo, most of whom refused to divulge whether any plastic had been recycled as part of their partnerships with Loop. Comments from Danone, owner of the Evian brand, suggested it had not bought any PET from Loop thus far. We suspect these partnerships have gone nowhere.”
“Loop’s JV with PET and chemical company Indorama, promoted frequently over the last two years as an imminent revenue stream, is ‘still being finalized,’ according to an employee, despite being announced in 2018. An Indorama employee told us no production has taken place thus far.”
“We expect Loop will never generate any meaningful revenue. With a market cap of $515 million, we see 100% downside to Loop once it burns through its $48 million in balance sheet cash.”
Hindenburg Research has submitted its findings to regulators.
Too good to be true
I’ve often been told that if it seems too good to be true, it probably is. The idea of being able to take all types of PET — even PET that has been floating around in the ocean for two years — and turn it into virgin-like new PET is certainly attractive at a time when sustainability is cited as a primary goal in every company’s annual report.
When it started its investigation, Hindenburg Research asked one expert why everybody in the plastics industry was not utilizing Loop’s process if it was as revolutionary as the company claimed. He responded, “Everyone isn’t doing it because I don’t see how you could make any money or save any money in doing it. It appears to me that they took a very complex process, significantly simplified it, omitted a lot of serious stuff, and only mentioned the favorable highlights. I would say it’s a scam in that sense.”
Did any of these multinational corporations actually vet Loop Industries before jumping into bed with them? Or were they so blinded by the light of recycling magic they bought into this whole scheme hook, line, and sinker?
Many long-time big-name resin producers never heard of Loop Industries, including Rick Perez, CEO of Avangard Innovative in Houston, whose company announced a partnership with $35-billion market cap Dow in 2020 supplying post-consumer plastic film pellets to Dow. “He told us he had ‘never heard’ of Loop and that ‘nobody has ever talked to [him] about [Loop’s] technology,'” said Hindenburg’s report.
Late in the day on Oct. 13, Loop Industries challenged the Hindenburg Research report, claiming that Hindenburg has “not engaged with Loop directly nor does Loop Industries believe Hindenburg Research has done the required due diligence for this report. The claims it makes are either unfounded, incorrect, or based on the first iteration of Loop’s technology, known as Gen 1, which was in use between 2014 and 2017. In 2017, Loop reinvented its process and developed its Gen 2 technology, which is at the core of Loop’s commercialization projects,” explained Loop Industries.
Hindenburg’s research addresses the Gen 2 development in noting that the process was invented and patented by the two Essaddam brothers, Adel (who is listed as Loop’s Lead Scientist) and Fares (listed as Loop’s Technology Lead). The brothers, who are in their 20s, have no apparent post-graduate degrees in chemistry or polymers or any work experience other than Loop. Adel started at Loop just months after completing his diploma and Fares started working for Loop while still attending university.
Hindenburg Research called into question the brothers’ abilities in complex polymer development. “In other words, the company claims to have discovered how to turn worthless trash into pure gold, a feat that multi-billion-dollar chemical companies such as DuPont, Dow Chemical, and 3M have been unable to achieve on a large scale despite years of efforts,” said Hindenburg’s report.
I would really like to receive a progress report from Loop Industries on how many tons of PET waste from various sources they’ve managed to process into virgin-like PET over the past two years. In other words, tell me your success story complete with commentary from PepsiCo, Coca-Cola, and other satisfied clients.
I’m waiting for PepsiCo and Coca-Cola to release a statement, which they may or may not do, depending on how badly they feel about being scammed. But I’ll keep you posted. This story isn’t over.
https://www.plasticstoday.com/advanced-recycling/advanced-recycling-company-loop-industries-called-fraud
This Steve Price persona comes off as another batshitter espousing as if Bordynuiks failed machines are the only way to pyrolyze waste plastic.
The same Donghe machine is still available at a fraction of the cost and hiring a reputable engineering firm to convert it into Bordynuiks 'neither new or novel' model could be done far more cheaply than handing Heddle a couple million dollars.
If this is truly Steve Price it explains everything one needs to know about Nulixo-.... a batshit true believer.
Kind of interesting also that on the day P2O files the form 15 Steve Price all of the sudden creates interest again by rallying the batshitter brigade with tales of somehow resurrecting the rusted broken junk in the closed plant.... while at the exact same time shares were being unloaded.... lol.
Form 15 is notorious for the beginning of a drastic drop in share price as well as an illiquid trading market. That is indisputable.
Somebody was buying heavy when that first Nulixo PR came out.... it would seem Steve Price is probably one of them and when blindsided by the Form 15 filing decided he needed to create some interest and unload.
He... similar to what Bordynuik did years ago.... admitted yesterday to being involved in the pump and dump game by knowing what it was like to get stuck with worthless shares on more than one occasion as an investor.
Is it really a big surprise Steve Price seems to be another penny stock player who is also a P2O batshitter ???
LMFAO.
Clown shoes aren't foot specific and from all the data and results that's what P2O and Steve Price wear.
Nulixo hasn't proven they can buy or sell anything ( since when are they selling Bordynuiks shit machines anyway ?) ....they have a webpage and a company officer who believes his companies success is dependent on comments from a social media penny stock chat board as Steve Price hilariously stated early tonight.
Steve Price ----"The world needs our process and P2O. I am asking myself why am I trying so hard when all of you are so negative"...
And Heddle DID decide what to do with the filings. He decided shareholders and investors deserve no information at all. He can sell anything, liquidate anything, sign contracts, break contracts, whatever and never have to file and let shareholders know.
That is always the beginning of the end for shareholders in penny stock crap company land.
As of now there is no proof or information you do anything.
You have a webpage and a lot of dreams.
The person claiming to be Steve Price admittedly was blindsided and never told of the filing to go dark by P2O today.
If you really think Heddle thinks Price is serious then why did he not bother to inform the one company that they have partnered with...the one company that is supposedly interested in a sale.... of such a major event ?
Is it possible because Heddle doesn't see Price as serious or a legitimate player in the recycling industry ?
Do you think Steve Price looked at the P2O processor and a light went off in his head with the thought..."somebody should burn that piece of crap "???
....or....
Did Steve Price realize that a P2O processor is probably only good for burning shortcakes ??
....or maybe it was seeing the P20 processor...think piece of shit.... thinking burning....and came up with the notion to burn shitcakes ??
Nulixo- "Let us make your shitcakes......because after dealing with P2O we know all about shit!"
No idea and the OP didn't bother to elaborate or didn't want to.
My point was the share price and volume from today's trading indicate either the suggestion of a meeting was bullshit ...... or if there was some sort of meeting involving P2O it wasn't favorable and the SP and volume reflect that..
Anyone notice the PPS drop almost to a penny the day after the big 'Nulixo Europe' pump was dropped ?
It's like the big flag was waving with 'Somebody wants to dump PTOI shares and not looking to totally tank this illiquid POS' written all over it.
Like almost all POS penny stocks once they start seeing long stretches of non reporting the costs associated with catching up with filing start becoming an overriding issue of ever actually doing it as the months and years accrue.
So apparently keeping an eye out for the 4 month window to get #3 up and running....as relayed by you from a talk with Steve from Nulixo in November ......was a worthless endeavor ?
Or is #3 up and running now ? Sure seems the answer is no.
Was Steve from Nulixo just straight up lying to you ?.....or is he still lying ?
It's simply amazing.
When checking the oversight of Heddle and fiduciary duty to shareholders it looks like that Lee Brain and the BOD has achieved Doodily Squat.
Is it Diddly or Diddly Squat?
We don't want to sell Heddle short and he does deserve the credit if it is due.
How much if the news is Heddle goes back to his first love at Heddle Marine......giving tug jobs to desperate sailors ???
You don't find it questionable that only one entity keeps claiming they are getting responses and phone calls answered on the 'tree' ??
lol..... it's pretty obvious what is going on.