Monday, September 01, 2014 10:01:27 AM
1) The machines are broken and have not run in 2014. They do not have the money to fix them.
2) Processor #3 even if we are generous has run less than the equivalent of 20 days at 2000 lbs per hour since it was completed. That assumes you believe the company's filings.
3) Madison County terminated the contract with JBI/PTOI for cause because the machines cannot handle unwashed, commingled plastic despite grandiose claims to the contrary.
4) The patent application submitted by the company has been deemed to lack novelty, inventive steps, and duplicate existing patents.
5) Based on #1 above the engineering firm has executed ZERO production runs with processor #3 because it is broken. Again that assumes you believe the company's own filings.
6) The company has lost over 80% of it's employees and now has zero chemical engineers on staff that understand the process.
But despite all that the only problem with this company is market makers naked shorting this stock by communicating on level II stock feeds. Why is it every scam is plagued with these nefarious boogeymen?
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