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A little over 5 weeks to go (at the most) before sub-penny.
Have you ever stopped and tried to ask questions of anyone in those buildings, when there were cars there, or activity witnessed?
Sure.
But watch out for chop shops, lawn mowers, and identity thieves - I guess there might be hazards near the buildings you drive by.
If you were making innumerable trips past the same buildings without ever getting out of your car and actually trying to ask questions directly to those people inside the buildings who could best answer them, I would suggest that you try something different, too.
I don't think that your suggestions of chop shops or lawn mowers would accomplish what the poster seeks - but hey, everybody has their own ideas about what's best.
I had no idea that there was such an identity theft problem in Niagara.......interesting.
Well - maybe next time you drive by, you can try something different - leave a note on the gate, or door, with your questions and contact info. Obviously, if someone was there, it would be best to talk to them directly; easy enough to identify yourself as a former / current shareholder who has some questions. But leaving a note will certainly be better than just driving by without stopping; and maybe - just maybe - someone from PTOI will reach out to you with answers. Keep us posted.
I can't tell you how many times I drove by the blending plant, recycling plant and main office.
I wonder about that, too.
Did you find anyone there who could answer your other question?
When / how do we find out what Rick did with the property?
Someone suggested that this type of information can be gleaned from SEC filings, PACER updates, and Google searches. I am currently involved in another search, but will put this on my list.
As an aspiring responsible investor with a thirst for information, I should have been thinking about the mortgage issue more.
I guess we'll see if it becomes an issue down the road.
Well done on keeping the latest "crisis" front and center.
IMO it will be part of the mantra until it is no longer useful.
Remind us again why Seneca got those shares in the first place....what where the terms of the agreement?
Sorry, you lost me.
You refer to John Bordynuik here?
A man who has been charged with securities fraud not once, but twice, in two different counties.
a serial liar and con man.
an ice cream producer
a shameless penny stock promoter
and at least one felon convicted of bilking investors out of millions
who would've thunk it'd come to shareholders attempting to rub naysayers noses in the fact that the company, making absolutely no money and hiding from putting processors in production, has yet to file for bankruptcy?
Bankrupt and sub penny?
Any idea when?
This:
http://www.plastic2oil.com/site/news-releases-master/2015/05/05/letter-to-plastic2oil-stockholders-from-richard-heddle-chief-executive-officer
and this:
http://www.plastic2oil.com/site/news-releases-master/2015/02/23/89-billion-us-annual-economic-impact-for-plastics-to-oil
and this:
http://www.plastic2oil.com/site/news-releases-master/2015/01/21/letter-to-plastic2oilstockholders-from-richard-heddle-chief-executive-officer
I think I'll wait for company news, rather than missed predictions.
Yeah.....predictions of sub-penny, bankruptcy, and closing the doors have likewise missed the mark.
I guess we wait to see what happens next....
LA -
When do you think Michael will let the market (and existing shareholders) see audited books? When will investors get to see what the share structure looks like today, after years of the company using common stock for payroll?
The string of PRs is fine - but they all lack specificity , with respect to actual income for the company, which is (as we all know) what ultimately makes or breaks a company.
Why do you think that Michael Elliott has intentionally not reported these things in a verifiable manner for the past several years?
That is tiny considering the pump cycle going on now.
2014, 2015, is there anyone really keeping track? Isn't it enough that management has announced "something"? I mean, "late summer" definitely rules out January.....right?
I know that I would be grateful if you let some shares slide by .06 - there has been more than one call for this issue to trade sub-penny, and I'd like to be on the other side of those trades.
Yes, that's right!
8.5 weeks (or less) until .008 - everybody with shares to sell should mark their calendar.
I don't suppose you have a timeline on this theory? BK by fall 2015? Dec. 31st? Q1 2016?
How many "free" shares are left to sell? I haven't been tracking that line.....
The AGM is coming late summer......gonna go?
I would have to say that their strategy on dealing with the 35% tax barrier has been highly effective (to date).
And it's headed sub-penny in about 9 weeks, give or take the company's ability to fool more people into buying stock at these levels.
I know!
Weird.
Wait....someone posted here earlier that $3,000 worth of .07 shares were bought today......and now you say you're going to buy 3000 shares......
Something seems fishy here.
What?
The gate actually opened and closed? Was that all in one day? Because if that gate did open and close, there's no way it happened all in the same day.
Wow. That would be quite something.
And the .07s are back.
Weird.
Yeah - sorry. You typing slowly didn't do much for me, either. Probably more confused now.
You contend that EcoNav is only looking for publicly funded opportunities - fine. I haven't seen that officially announced, so I'm not holding my breath. This is what I did see officially announced:
EcoNavigation presented P2O with several promising opportunities and currently P2O and EcoNavigation are involved in multiple, complex negotiations for the potential sale and implementation of P2O processors with several end-users and organizations.
P2O and EcoNavigation began discussions with a firm in the southern U.S. regarding a development project that has the potential for the deployment of more than 30 processors over
the proposed project development period. This project has required significant attention from the P2O, EcoNavigation, and O’Brien & Gere project opportunity team. Assuming P2O consummates the deal, the anticipated testing requirements will be a three to five day run of the firm’s specific feedstock. If testing is successful, we are expecting an initial purchase order for 12 processors for phase one of the project.
The primary business of Plastic2Oil is to sell Plastic2Oil processors to sites that need to purchase processors to convert their waste into a valuable commodity. This eliminates disposal and transportation fees. The market demands for recycling solutions like this increase when oil prices drop so at this time there is a lot of activity from potential future sites and partners. For example, when oil prices drop significantly, scrap plastic markets tend to shrink and companies seeking to dispose of scrap plastics are faced with significant disposal costs. So while these companies might typically receive approximately a penny per pound for the sale of waste plastic in a normal oil market, and perhaps payment of shipping costs, now these companies are faced with paying disposal fees of as much as $90/ton plus $500 per truck load. Plastic is not dense so the shipping costs are high.
As you may be aware, I (Rick Heddle) currently own 3,000,000 shares of our common stock and thus, my personal wellbeing and net worth are every bit as exposed to the fluctuations in our stock price as are other common stockholders. I want to remind everyone that I have not sold a single share of the company's stock since I began investing in this company more than four years ago. Like many of you, I've invested at prices significantly higher than the current price. During my tenure as CEO, one constant has kept me motivated: I believe that if we execute the sale and licensing of processors, we will achieve significant revenues and the valuation of our company will increase accordingly.
As disclosed, I continue to defer pay and have extended substantial loans to the company while John Bordynuik, our Chief of Technology, has deferred pay, paid debts, paid for lab work, consumables, equipment, and assumed obligations approaching in aggregate of $400,000.
Fact- Econav is trolling for and dependant upon grant $$.
Econav's main players have no intention whatsoever to fund this sham agreement with their own $
The AG plastic waste is not a fit for PTOI's machines
It's clear that the only ones that can answer your questions to your satisfaction are the people at EcoNavigation - I'd be interested to hear what they have to say if you are successful in reaching them.
No company is going to fork out all that kind of money when every Tom, Dick (not R.H) and Harry is pounding on every door looking to buy scrap plastic. Scrap plastic has a higher value as a plastic then it does a fuel.
I'll take a poke - although I have no contacts at the company, haven't spoken to EcoNavigation or Heddle, and have not been privy to glance at any of the above-mentioned parties' financial net worth statements.
If you don't believe that "Econavigation lacks the capital to proceed with even the simplest of test runs" (as another poster contended) then how, exactly, do you explain the failure to complete the initial Customer #1 test run during the contracted period?
I would be interested in knowing how to determine the cost basis for the transactions recorded as sales of PTOI common stock - I would have imagined one would have to know the seller, and his / her cost basis, in order to make such claims. Do you know the sellers, and their cost basis?
What AGM ?
It certainly appears Heddle is avoiding holding one this year since it has been reported June is the deadline based on the last one.
I also look forward to seeing you and sharing with you further developments at our 2015 annual stockholders meeting, which is being planned for late this summer. Formal notice and other details of the meeting will be presented in our proxy statement that will be made available to our stockholders and filed with
the Securities and Exchange Commission.
And as far as asking questions, the format he adopted for the last AGM makes it impossible for any shareholder to ask anything.
But hey, throwing millions into something must mean something.... just ask all the whales, millionaires and billionaires who reportedly knew something also.....
......before they had their ass handed to them on a platter with staggering losses.
And with every lower and lower financing some have predicted the stock price to retail would follow right along with great accuracy.
Heddle is a real champ for using millions of shares at $0.05 for those financings knowing this trend would absolutely continue huh ?
So......the dog in this story is PTOI?
I have a degree of admiration for those who predict stock price movements - especially when they are right. Or even close.
Alas, I was not blessed with the "price predicting"gene, and so no, I don't have any guesses as to what the stock price will be in 10 weeks.