200% CORRECT DD beats *documentation* any day!
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Then Rick needs to give his micromanagement issues a rest and turn the company over to someone who will put some time into P2O or shut the company down.
More time is spent on documenting this weeks $6 worth of trades then Rick has spent in the last year trying to make P2O work.... I assume.
I said that years and years and years ago to stop filing and use that money to fix the machines, prove they work and then maybe sell one.
Are we still doing Weeeeeeeeeeee's or no?
Should I bust out the P20 Matrix or no?
How about anything under $10 is a gift?
Brent Crude Oil
$10.72 ?-2.06 (-16.12%)
Well that's the issue. That plastic that is in the landfill is there for a reason. That plastic has no dollar value, can't be recycled and can't be used in the P2O process.
So now what?
Light Crude Oil (CL1:COM)
$1.75 +$39.38 (104.65%)
As of: 04/21/20 9:41:54 am
Is Plastic 2 Oil still and emerging sector if they are paying me to take oil?
Plastic2Oil Announces Plan to Resume Fuel Production & Sales and Amends Veridisyn Agreement
Posted Aug 10th, 2018 in 2018 News Releases
Plastic2Oil Announces Plan to Resume Fuel Production & Sales and Amends Veridisyn Agreement
NIAGARA FALLS, NY-- (Marketwired – August 7, 2018) - Plastic2Oil, Inc. (OTCQB: PTOI): Plastic2Oil, Inc. (“P2O”) today announced that the Company plans to resume limited production and sale of fuel products by processing used oils and film plastics. P2O previously engaged in fuel production for commercial sale before shifting its business strategy in 2014 to licensing its P2O technology.
The Company secured additional debt financing commitments from two current directors for approximately $250,000 for the intended use of initially restarting one of its processors in such a way that should allow the Company to process used oils and film plastics. It is the Company’s goal to produce and sell #2 fuel oil from the processor to provide operating cash to support P2O’s core technology licensing business.
In support of the Company’s goal to license P2O’s technologies, the Company has also entered into an amendment of its Master Agreement with Veridisyn Technologies, LLC, (“Veridisyn”) a company engaged in the development of alternative energy projects. On August 6th, 2018, P2O executed an amendment to its Master Agreement with Veridisyn that extends the date that Veridisyn must submit purchase orders for the first two processors by November 26th, 2018, along with the amendment of certain other related time period changes in the agreement. For more information concerning this amendment please refer to the Company’s Form 8-K, Filed on August 7, 2018.
“We are pleased to have secured the financial commitments that should allow us to re- initiate the processing of used oils and film plastics and we thank our two directors for their financial support and faith”, stated CEO Rick Heddle. “We are also looking forward to accelerating our work with Veridisyn in the near term, as they work to complete the remainder of their financing and other planning efforts in support of our Master Agreement. While it has taken longer than either party had initially planned, the progress has been moving along well and we look forward to a mutually beneficial partnership in the future.”
I don't understand what the issue ever is. Its all a bunch of ZERO'S!
$0 + $0 +$0 = $0
There... Done
1 + 1 + 1 + 1 + COVID 19 = 8'ish months?
I'm thinking maybe even $7.70 as a high again?
Ill post the P2O matrix soon!
Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
Annnnnnnnnnnd oil is taking a dump again...
Oil below $23 that is...
$22.98 ?-3.97 (-14.73%)
Best case scenario... They "process FREE UNWASHED, UNSORTED" plastic at $10 a barrel.
At $3,000,000 plus, plus plus for a machine... Doesn't leave much room for profit and is going to take one hell of a while to pay off...
Safe to say the 2020 AGM wont be anytime soon?
Asking for a friend....
Remember when the #1 saying on this board was..... anything under $10 a share is a gift... LMFAO.
I also know we have been saying forever we would be sub penny, but if this deal doesn't go through, or is delayed cause of this virus.... We have to be headed that way. But then again, when you buy at $1 or $2, what's the point of selling now?
Time will tell in a few weeks :)
This soon to be world wide quarantine is going to kill this deal...….. Unfortunately…..
IMHO
Hmmmm. Never thought of that. Good point!!!!
Jebus…...
I do not understand how they can make some of the unrealistic deals and something needs to be done about it.
Also to clear up some other business:
Short Interest (Shares Short) 45,600
Short Interest Ratio (Days To Cover) 0.3
Short Percent of Float %
Short % Increase / Decrease 508 %
Short Interest (Shares Short) - Prior 7,500
Link: http://shortsqueeze.com/shortinterest/stock/PTOI.htm
With this COVID-19 virus becoming a worldwide Pandemic PTOI should prepare for it by doing the following.
1) Cancel ALL contracts.
2) Shut processors 1, 2 AND #3 DOWN.
3) Have ALL employees stop work on fixing the processors and stay away from P2O and stay home.
We cry. We sit in a corner and cry is what we do. I got lucky for once in my life and sold 10% of what I have at this last peak all to buy another stock that has crashed.... I give up.
Coronavirus sends shudders through mining industry as case confirmed after top conference
Attendees at PDAC 2020, which attracted 23,000 people from around the world, are advised to monitor themselves for symptoms for 14 days
The consequences of holding one of the largest mining conferences on the planet in Toronto last week in the midst of a global health scare became clearer on Wednesday when public health authorities confirmed that an attendee from Sudbury, Ont., has tested positive for coronavirus, sending shudders through the industry.
The conference, hosted by the Prospectors and Developers Association of Canada, was widely attended including appearances by Prime Minister Justin Trudeau and senior cabinet officials, Ontario Premier Doug Ford and his senior cabinet officials, as well as numerous senior and junior mining executives, drawing some 23,000 people in total — down only 10 per cent from the prior year, despite the known risks of the spread of coronavirus strain COVID-19.
Actually it cost them about $80,000,00.00ish to make about 1,000,000 litres of oil.
200 litres in a barrel of oil, divided by what they produced is= 5,000 barrels
$80 mil divided by what was produced is- $16,000.00 A BARREL!
Or WTI price right now is $33.67...
Why haven't they sold a machine yet?
With crude oil at $33 a barrel and dropping like JBII @ $7.70 a share, that doesn't leave much profit for these new guys coming in and buying machine to make it at $10.00 a batter.
$10 a barrel. +snicker+
Pretty ignorant of them to dump a pile of trash out front of the gate closest to the river then!
Whats the reason the boat has been in storage right out front for the last 2 years, or is that P2O Marine renting that out?
Just drove P2O. No signs of anything going on at all. Place is starting to look neglected if anything. Starting to look like a dump.
Power was still on though. Expected that to get disconnected by now.
Judging by the writeup they need $$$ bad.
So they have no deal and no $$$.
Good job RICK!
Guess what's for sale...…. again
So doesn't look like a change of plans or anything like that.
I find it amazing how many people listen to crazy theory's around here.
I have a theory. There are 7,500 shares shorted on PTOI. Here is the proof, here is the link:
Short Interest (Shares Short) 7,500
Short Interest Ratio (Days To Cover) 0.2
Short Percent of Float %
Short % Increase / Decrease -43 %
Short Interest (Shares Short) - Prior 13,100
LINK: http://shortsqueeze.com/shortinterest/stock/PTOI.htm
Why can nobody else on here waiting for this massive short squeeze prove me other wise?
Pretty simple if you ask me!
Any idea of a number or % of the float that's short? If so do you have a link so I can look that # up as well?
All of China is starting to shut down because of this Corona Virus epidemic. Maybe Rick is that smart and can see into the future that he shut down P2O 6 years ago to be prepared for the Corona Virus.
I'm starting to think I have mistaken our brilliant CEO this entire time.
Hmmmmmmmmmmmmmmmmmmmmm
P2O is prepared!
Short interest decreased 43%
Short Interest (Shares Short) 7,500
Short Interest Ratio (Days To Cover) 0.2
Short Percent of Float %
Short % Increase / Decrease -43 %
Short Interest (Shares Short) - Prior 13,100
Link to verify the true short #'s
http://shortsqueeze.com/shortinterest/stock/PTOI.htm
Also, for sale sign is still up at blending site.
I don't get the blending site. It has been taken off the market since Monday I believe, but the for sale sign is still up, which is illegal in Ontario btw.
Some trailers have been moved onto the property a few weeks ago but nothing is being done.
???????????
As for P2O.... Still a ghost town.
Living in a world without documentation.... is like living in a world without vegan gummies...
I'll check out the blending site soon. Beyond curious to see if it sold and if so for how much? Maybe enough to get those processors fixed?
Drove by the plant today. Yes it was a Saturday and didn't expect anything, and of course, saw nothing. No signs of any work being done or anyone even being there.
No signs of work even beginning to start.
If my memory recalls when Rick took over, "the beast" was running wasn't it?
Rick is the one who shut everything down to reduce costs and then tried to sell a machine that hasn't run for years.
What ever happened to those run tickets anyway?
I don't get it. Rick has single handily destroyed this company. He shut everything down which destroyed any chance of ever selling a processor.
I wouldn't even buy a car for $100 without seeing it run, neve mind this state of the art technology that converts dirty plastic to fuel for $3,000,000.
Rick has come up with a bunch of bull poop deals... Congrats!
Only think productive I can think of that Rick has done for the company is continued to file... but in the end. I would rather see the hundreds of thousands it costs to file spend of fixing the machines, then filing.
But hey, I know as much about selling a processor as Rick does. We have both have sold ZERO so far!
Well... Buying PTOI with the current CEO Rick, is more like going to 7-11 and giving someone money for the used, already scratched, already checked non winning tickets...
We need a new CEO who cares and puts some time into the business, machines need to be working, running and making a profit if this thing is going anywhere.
Until then... Its a dead company.
PTOI Short interest UP 162%
Short Interest (Shares Short) 13,100
Short Interest Ratio (Days To Cover) 0.1
Short Percent of Float %
Short % Increase / Decrease 162 %
Short Interest (Shares Short) - Prior 5,000
Link to verify:
http://shortsqueeze.com/shortinterest/stock/PTOI.htm
After I searched the building they were in, I found the Corian video.
If it was me, and maybe its just me, but if I truly believed in P2O and the unsorted, un washed plastic to make fuel at $10 a barrel I would:
#1) Read tapes to raise funds to fix the machines and keep this thing going!
#2) Bring this recycling of Corian to PTOI and use the profits to fix the machines and keep this thing going
#3) I would sell Vegan Gummies to raise funds and keep this thing going.
But I guess sitting IDLE and letting things RUST away is the way Dick H feels is the best way to move this company forward.
Sad......