And the way I see it, ladies, you owe me for one jelly doughnut!
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From elsewhere......
As CEO and also the companies largest creditor I would imagine he could easily transfer any of the companies assets to satisfy debt without actually having to declare bankruptcy or litigate in any way.
He already has taken a 50+% haircut on the asking price.....maybe he is just waiting himself out ???
Offer Heddle $/450k in shares of PTOI for it and see how fast he turns that down...
Sounds like Heddle is giving two tug jobs at the same time !!!!
Lee C. Brain
Lee C. Brain, 49, is the owner and operator of Hess Millwork, a custom commercial cabinetry manufacturing business that services architectural and commercial construction firms. He founded Hess Millwork in 1996, and continues to oversee every aspect of the business, from sales to production to customer service.
“I have been a P2O shareholder since early 2011, and in recent years I have been involved with a group of major investors in the company. I look forward to bringing the perspective gained by that involvement to the Board of Directors.
My commitment to P2O is based on my very strong belief in the global benefits that the company’s technology offers. I welcome this chance to work with the other Board members and with Rick Heddle and his team to maximize the company’s value through effective strategic planning, particularly in the areas of sales and the raising of capital.” - Lee C. Brain
He has the same usefulness as a Port-a-John so maybe that is what they called him.
Prove they work ???
Ha-ha-ha-ha !!!!
Oh they work....all pyrolysis works....it's just P2O machines don't work that well enough for Heddle to actually sell one to anyone who looks at the history of continuous breaking down and piss poor results.
The fact is Heddle has far more experience making sure tug jobs happen than selling P2O crappy processors
So what was discussed.....his shoe size....or why quarantines only derailed Nulixo in the recycling markets when anyone else involved was considered an essential worker and business ?
Five phone calls inside of two weeks and Steve Price didn't want to give any updates.
What else could possibly be the topic of lengthy conversations then ?
Instead of paying the current ASK price for shares.....a bid sitter enters a number either at the current BID price.....or in many cases an even lower BID price than the current price.....
.....and then sits hoping the share price eventually falls to that level so they can 'scoop up cheapies'.
The hilarious part is it is completely batshit to try and force the share price of a company, you supposedly believe in ,DOWN to increase the amount of their position.
Instead of in most cases just paying fractions of a cent more per share.
The tactic keeps POS illiquid penny stocks from rarely seeing price appreciation.
Oh.....and bidwetters is the same thing if you ever hear the term.
Thanks for letting everyone know the Nulixo website is full of lies.
This POS company is a corpse.
Has been for years.
My name is Chris Irons and I will fight for my CEO.
My name is Chris Irons and I will fight anyone who wants me to sell my shares !!
Goldman Sachs could give a rats ass if Brightmark or P2O succeeds.
They aren't a backstop for the funding....they were the underwriter.
And all the bonds sold....so Goldman Sachs has no risk since it is not holding any more bonds.
The sale closed.
The risk is entirely on the bondholders.
Good grief....this is basic stuff.
What do you suggest to Stevie Price to do when nobody wants to buy any of his processor oil from plastic ?
Is he supposed to dump it ?
Store it forever ?
Make sexual lubricant out of it ?
Burn it in large barrels ?
There is ZERO market for oil.....he has no way to get rid of any possible end product
Good grief.
If they can't sell the end product there is no need, and no possibility, for buying or selling processors.
It is ALL about the price of the commodity they produce.
And that commodity is oil.
And they can't sell oil when the whole world doesn't want what is already sitting in vast amounts of surplus.
Stevie Price just took a long ride on the poop shoot express because the hilarious idea of "it's all about solving a problem" doesn't pay for processors, loans, facilities, payroll, or anything else that makes a business run.
Another wild idea !!
Use 'the beast' to make hand sanitizer !
All they have to do is put in 10 gallons of hand sanitizer through the feeder.....and out pops 7 gallons at the finished end !!!
Presto !!!
-37 dollars WTI
Unbelievable.
Heddle and Steve Price just found out what no Vaseline is like.
Stevie Price is watching his ability to sell a single drop of oil made from plastic disappear.
$14 a barrel , worldwide massive stockpiling of oil reserves, and a trade war between countries to keep it that way for a long time.
Nulixo just got bent over.
Plastic2Oil Announces Ass Handed to Them In a Hat as Oil Hits Decades Low.
Wonder if Heddle is applying for the SBA Payment Protection Plan for the 3-1/2 employees ?
LMFAO.
It might be more interesting if you provided some proof.
An address.
A webpage.
A state contract.
A SOS filing.
Anything will do to support your claim.
You can also add in how B&D having a facility(s) is pertinent to P2O.
Good grief. It takes balls to call this 'news'.
No details at all, a laundry list of unverified claims, and nothing but exscuses while promising better news later.
It takes bigger balls to blame the Covid 19 travel restrictions as some sort of reason the news isn't better.
Actually it's a disgusting use of a national tragedy.
Those restrictions have only been in place for two weeks as far the worst hit areas, most states didn't put them into effect until last week, and Nulixo has had months to hash out these deals.
Steve Price would have people believe because he couldn't travel in the last week or so he can't release details.
Bullshit.
That 'mining' blurb has been in there from day one I believe.
Always found it odd.
Yeah....because they keep great news quiet for a few days after getting it.
Good grief.
You can bet the farm if it was something great they would have shouted it from the rooftop immediately. It's the year 2020....'IT guys' can get info posted in seconds.
Not let the 'IT guy' sit on it for days.
LMFAO.
Bordynuiks wonder machine probably can.
You only have to put in 5 gallons of hand sanitizer and it will spit out 3 gallons of low sulphur ready to use hand sanitizer.
With the current situation and banking and lending taking a massive hit it will be near impossible for a company with no assets or operations to borrow money.
This is becoming 2008/9 all over again and banks are going to be make lending requirements extremely stringent, draw back on credit extended, and slash existing exposure.
A company such as Nulixo just saw any chance of borrowing to build an infrastructure totally disappear.
Even if the principal's involved decided to use their personal wealth or credit they just saw a massive hit in paper equity.
The deal is for 20 years.....and they might need it to get back 5o prosperous times..
Shareholders who think anything is happening this year or next are SOL.
Heddle is a visionary.
He self isolated P20 processors by blowing them up and told employees not to come to work over 6 years ago preparing for this day.....
He was accused of hiding hundreds of thousands in income for a colleague in a NJ bankruptcy case .......and ripped of the Canadian government in repairs that were never completed at his shipyard.
It isn't a stretch to think he is also dishonest in his involvement with a stink pink stock operater who was banned by the SEC for regulatory violations.
Between the two choices of incompetent or scam artist it leans more towards the latter.
260 million gets 15 dollar an hr jobs and using ex convict labor.
Not exactly the benchmarks of a profitable operation.
It will be amazing if this facility can stay operational for long.
Because it seems even with free waste it can't generate enough to pay a decent wage or attract a workforce.
You can make the same money flipping burgers or working in the mall.....without being exposed to e-waste, grime, pollutants, and hazardous work environment.
https://www.insideindianabusiness.com/story/41470965/brightmark-recycleforce-partner-on-plasticstofuel-plant
The Charlie Brown/Lucy football scenario is starting to emerge once again for P2O processor sales......
Start with every SEC 10k and 10q once Bordynuik was bitch slapped by two regulatory agencies in separate countries.
After that the filings started to accurately reveal how unprofitable the machines are, how many millions of dollars was wasted copying a patented system, and how the previous filings hid much of these details.
Shareholders can rail against Bordynuiks two later replacements as CEO of this POS company but at least they seemed to make an effort to report the truth.
What happened to 'by the end of the quarter ' ????
Move those goalposts...... LMFAO.
Move the goalposts
The only sports analogy that applies to P2O.
It sure looks like it is once again happening.
They tried to transfer the permit over a year ago.