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From the man himself....so which way is it ?
to Plastic2Oil Stockholders from Richard Heddle, Chief Executive Officer
The first 6 get the blue light special @ 2.5 million price.
PTOI - Plastic2Oil hails contracts as “milestone” in turnaround effort
By Matt Glynn | News Business Reporter
on January 12, 2015 - 5:39 PM
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Plastic2Oil, a Niagara Falls company focused on converting plastic waste plastics and oil to fuel, is counting on new contracts with a Rochester-area company will put Plastic2Oil on a “course to profitability.”
Plastic2Oil said its four agreements with EcoNavigation, based in Victor, will generate gross proceeds of at least $15 million, provided the terms are met.
The company called the contracts “a milestone,” marking a change in strategy away from making and selling clean fuels, toward selling Plastic2Oil’s processors and related equipment, technology and services to customers.
“I feel that a successful deployment of our Plastic2Oil processors to EcoNavigation will validate management’s decision to change course by focusing on processor sales and will set us on the course to profitability,” said Rick Heddle, chief executive officer, in a statement. Plastic2Oil reported a $1.4 million net loss in its fiscal third quarter, which ended Sept. 30, and a $4 million net loss for the first nine months of its fiscal year.
Heddle could not be reached to comment on Monday.
Prior to its change in strategy, Plastic2Oil said it had processed more than 8 million pounds of waste and produced more than 700,000 gallons of fuel for sale to large industrial customers.
The new contracts call for Plastic2Oil to sell six of its processors to EcoNavigation over a three-year period. Additionally, EcoNavigation will pay Plastic2Oil for a non-exclusive technology license of technology and sale of its proprietary catalyst, and for monitoring and maintenance. Plastic2Oil will receive a royalty of 5 percent of gross revenue from fuel sales, and at least 50 cents per pound for use of its proprietary catalyst.
Plastic2Oil also said its founder, John Bordynuik, had resigned as chief technology officer. The company said it was negotiating with him to continue to serve as a consultant. Bordynuik in 2012 resigned as president and CEO. Heddle called Bordynuik “the driving force and backbone of this company for six years.”
On Dec. 18, Heddle wrote a letter to shareholders, acknowledging their disappointment with the company’s stock price, while urging them to be patient and recounting cost-saving steps the company had taken. The stock closed at 9 cents per share on Monday; its 52-week high was 31 cents.
“I have invested a significant amount of my time and net worth into this company because I understand and believe in the product and its capabilities, and I truly believe that we can be successful,” he wrote in the letter.
http://www.buffalonews.com/business/plastic2oil-hails-contracts-as-milestone-in-turnaround-effort-20150112
Are talking about Bechtel ?
PTOI will make a difference when "Plastic China" reveals the dark side of waste recycling industry IMO.
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20150106000014&cid=1105&MainCatID=11
http://www.chinafile.com/reporting-opinion/environment/chinese-filmmaker-cant-stop-talking-trash
With sinking oil prices they can not get the plastic waste there to make it worth while..
Roth_IRA_3000 $ 2.04
Correct...my trade details from Fidelity Trader Pro.
Anybody know why my buy below of 10,000 shares would show up as 20,000. How does that work.....
Looking forward to it myself.
Good start out of gate for 2015...patent app officially published next up is the.....
From the man himself....
to Plastic2Oil Stockholders from Richard Heddle, Chief Executive Officer
Yep..Down to the wire. Jan 1 makes for a good start date. IMO
The date may already have been predetermined hence RH infusion until this date is upon us. We will see...I am still adding to my roth accounts.GLTY
UrtheCast Signs Contract For $65 Million To Provide Value-Added Services and Data
http://blog.urthecast.com/updates/urthecast-signs-contract-65-million-provide-value-added-services-data/
Sure would be nice to see the announcement hit on Weds 11/26 so we could have some good talking points over the thanksgiving holiday.
Form 10-Q Plastic2Oil, Inc. For: Sep 30
http://archive.fast-edgar.com/20141114/ABACM22CZ225P9J2222K2ZZ2I6GHZZ224262
Princeton creates a custom 3D printer that prints quantum dot LEDs from scratch.
http://www.extremetech.com/extreme/193583-princeton-creates-a-custom-3d-printer-that-prints-quantum-dot-leds-from-scratch
Sooner then later we shareholders will be observing the Stevia/Hemp fields from our computer screens to see how the crops are progressing...for FREE
Web Summit 2014 -
Most likely IMO...High heat drum seals.
Share Swap...On October 24, 2014, MetaStat, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with an accredited investor (the “Investor”) for the issuance and sale in a private placement (the “Private Placement”) of shares of its common stock, par value $0.001 per share (the “Common Stock”) at $0.75 per share. In the event that the Investor would own in excess of 4.99% or 9.99% of the number of shares of Common Stock outstanding on the closing date after giving effect to the issuance of Common Stock pursuant to the Purchase Agreement, as was the case in this Private Placement, the Company will issue to such Investor shares of its Series A Convertible Preferred Stock (the “Preferred Shares”). Accordingly, the Company issued 374,257 Preferred Shares to the Investor in exchange for the transfer to the Company of 1,069,305 freely tradable shares of common stock of Quantum Materials Corp. (QTMM), a public reporting company which shares of common stock are eligible for quotation on the OTCQB, for an aggregate purchase price of $280,692.56.
http://www.sec.gov/Archives/edgar/data/1404943/000141588914003270/mtst8koct292014.htm
Play on words...We are now plastic2oil not JBI.
Crayola updated this website within the last 7 weeks.
and we are still present via embedded video.
http://www.crayola.com/ColorCycle
Big things take time IMO
UrtheCast Acquires Access To TDRSS, Greatly Increases Data Downlink Capacity And Speed
http://blog.urthecast.com/updates/urthecast-acquires-access-tdrss-greatly-increases-data-downlink-capacity-speed/
Cyclone Power Technologies' Waste Heat Subsidiary Completes $1.3 Million Round of Funding
MARKET WIRE 9:00 AM ET 10/7/2014
POMPANO BEACH, FL -- (Marketwired) -- 10/07/14 -- Cyclone Power Technologies Inc.(CYPW) , developer of the all-fuel clean-tech Cyclone Engine, announced that its subsidiary WHE Generation Corp. ("WHE GEN") has closed the initial sale of its Series A Common Stock Offering in the amount of $1.3 million. The financing was provided by approximately 40 individual accredited and strategic investors.
As a closing condition to the transaction, WHE GEN repurchased 2,083,333 shares of its common stock from Cyclone Power(CYPW) for an aggregate price of $500,000. This purchase price was paid $350,000 at closing and the balance when WHE GEN reaches $1.75 million in its $2.5 million total offering. Cyclone also expects to receive its licensing fee for WHE GEN of $175,000 on or before October 15, 2014. A material portion of the proceeds of the stock sale to WHE GEN will be used by the Company to reduce liabilities and strengthen its balance sheet. The Company still owns approximately 2.1 million shares in WHE GEN, representing just under 20% of the total issued and outstanding common shares of that subsidiary. The licensing agreement calls for royalties to be paid to Cyclone Power(CYPW) for 20 years with options for renewal.
The Series A round financing was described in the Company's Separation Agreement with WHE GEN, approved by Cyclone's Board of Directors and signed in July. The closing of the Series A financing of its subsidiary marks a material step forward in Cyclone's long-range plans of building its licensing and manufacturing business model on a worldwide basis, establishing new revenue streams, and growing its intellectual property portfolio.
The securities which have been offered in the Series A Round were not registered under the Securities Act of 1933, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
About Cyclone Power Technologies(CYPW)
Cyclone Power Technologies (CYPW) is the developer of the award-winning Cyclone Engine -- an all-fuel, clean-tech engine with the power and versatility to run everything from waste energy electric generators and solar thermal systems to cars, trucks and locomotives. Invented by company founder and CTO Harry Schoell, the patented Cyclone Engine is an eco-friendly external combustion engine, ingeniously designed to achieve high thermal efficiencies through a compact heat-regenerative process, and to run on virtually any fuel -- including bio-diesels, syngas or solar -- while emitting fewer greenhouse gases and irritating pollutants into the air. The Cyclone Engine was recognized by Popular Science Magazine as the Invention of the Year for 2008, and was presented with two Society of Automotive Engineers'AEI Tech Awards. Additionally, Cyclone was named Environmental Business of the Year by the Broward County Environmental Protection Department. For more information, visit www.cyclonepower.com.
Follow Cyclone on Facebook: http://www.facebook.com/CyclonePowerTechnologies
And Twitter @Cyclonepower
Safe Harbor Statement
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
Cyclone Power Company Contact
Frankie Fruge
President
Rob Wilson
Investor Relations
Tel: 954-943-8721
Email Contact
Email Contact
WHE GEN contact
Christopher Nelson
CEO
Tel: 305-439-5559
Email Contact
Updated - Final Draft - Oregon Plastics Recovery Assessment - Plastic2Oil pg 22
A good current read of the plastic waste problem Oregon is struggling with.
http://www.deq.state.or.us/lq/sw/docs/opraD0914.pdf
TSX:UR UrtheCast Overview Satellite 2014, Paris, 11 September 2014
PDF Presentation
http://investors.urthecast.com/file.aspx?IID=4388192&FID=1001190501
Will one of these companies be our first end user of PTOI ?
http://www.energydigital.com/top10/3522/TOP-10:-US-Waste-Management-Companies
Yep...Best one yet all things considered.
Urthecast to Add More Earth-Watching HD Cameras to Space Station
http://www.space.com/26678-urthecast-hd-space-station-cameras.html
The Company's plans to install second-generation, state-of-the-art Earth
Observation ("EO") sensors on the NASA segment of the International Space
Station (ISS). NanoRacks, UrtheCast's partner in this endeavor, will work
with the U.S. National Lab manager, CASIS, to facilitate the launch,
installation and onboard integration of the sensors and hardware in line
with its Space Act Agreement with NASA. UrtheCast will supply the sensors,
electronics and other related hardware. These sensors and their
components are scheduled to launch to the International Space Station in
2016, and the Company anticipates that the data will be available in
2017.
Thx....Just wait until that national engineering company is in a 8K. Perfect for what PTOI needs. We are in good hands IMO.
The ministry of science and technology announced on Tuesday, that the Indian Institute of Petroleum, Dehradun, has developed the technology for converting waste plastic into petroleum products – like gasoline or diesel – so that is may be available to the public for future use. The benefit of this technology will be the liquid fuel meets Euro-II fuel specifications standards. The PTOI Plastic2Oil Inc., a New York-based company which pioneered the development of a process that drives ultra-clean, ultra-low sulphur fuel from unwashed, unsorted waste plastics, is getting a very positive nod for converting trash to energy. A method of plastic disposal is burning and recovering the energy for power generation or heating.
http://rjwdcreative.com/blog/2014/08/15/the-plastic-wrap/
Bigger question is, who is buying PTOI and why.