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Sunday, February 15, 2015 10:23:48 AM
Although we have not yet consummated our first sale, we have made, and continue to make, tangible progress on negotiations with a large, national engineering firm and several potential purchasers. The company is also in ongoing discussions with a reputable firm that specializes in waste-to-energy solutions for large, established companies with government mandates and green initiatives. Furthermore, we have developed a “build & ship" turn-key product solution for our potential buyers. We are hopeful that our current negotiations will lead to processor sales and important strategic relationships; however, we cannot assure you as to whether we will be successful in making such a sale or as to the timing of any such sale. At this time, however, I feel it is important for stockholders to know that the company, despite its limited resources, is making significant progress with management's financial support and leadership.
In light of the company's exclusive focus on completing sales and licensing of our processors, we have temporarily suspended our plastic processing and fuel production operations at the Niagara Falls site. This being said, we have renewed our permits accordingly as our plan is to resume operations for the purpose of “showcasing" our processors once we execute a processor sale. Importantly, the temporary shutdown of the company's plastic processing and fuel production operations has had absolutely no effect on the company's ability to market our processors or negotiate with potential buyers. Another recent change was the decommissioning of several older fuel tanks, which were rendered obsolete by the tank farm we installed with Processor #3.
In my opinion, nothing worthwhile in the business world comes easy, especially when you're trying to make a name for yourself in a relatively unknown emerging alternative energy market. As someone who started his career in a shipyard in 1987 and has built his own business from the ground up, I've faced odds that seemed impossible at times and I've persevered. 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. I remain relentlessly committed to pursuing success.
I appreciate your patience, commitment to the environment, and continued interest in Plastic2Oil.
Kind regards,
Richard Heddle
President and Chief Executive Officer
Plastic2Oil, Inc.
November 24, 2014
www.plastic2oil.com/site/news-releases-master/2014/11/24/letter-to-plastic2oil-stockholders-from-richard-heddle--chief-executive-officerhttp://www.plastic2oil.com/site/news-releases-master/2014/11/24/letter-to-plastic2oil-stockholders-from-richard-heddle--chief-executive-officer
as i've noted >> successful early adopter re: disruptive techs in emerging sectors .. creates generational wealth
it's why i want to see and document >> how *handled*
it's equally clear to me (as of 11.24.14) .. that RH is totally au fait .. with P2O's Long Term (LT) potential
4kids
all jmo
In light of the company's exclusive focus on completing sales and licensing of our processors, we have temporarily suspended our plastic processing and fuel production operations at the Niagara Falls site. This being said, we have renewed our permits accordingly as our plan is to resume operations for the purpose of “showcasing" our processors once we execute a processor sale. Importantly, the temporary shutdown of the company's plastic processing and fuel production operations has had absolutely no effect on the company's ability to market our processors or negotiate with potential buyers. Another recent change was the decommissioning of several older fuel tanks, which were rendered obsolete by the tank farm we installed with Processor #3.
In my opinion, nothing worthwhile in the business world comes easy, especially when you're trying to make a name for yourself in a relatively unknown emerging alternative energy market. As someone who started his career in a shipyard in 1987 and has built his own business from the ground up, I've faced odds that seemed impossible at times and I've persevered. 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. I remain relentlessly committed to pursuing success.
I appreciate your patience, commitment to the environment, and continued interest in Plastic2Oil.
Kind regards,
Richard Heddle
President and Chief Executive Officer
Plastic2Oil, Inc.
November 24, 2014
www.plastic2oil.com/site/news-releases-master/2014/11/24/letter-to-plastic2oil-stockholders-from-richard-heddle--chief-executive-officerhttp://www.plastic2oil.com/site/news-releases-master/2014/11/24/letter-to-plastic2oil-stockholders-from-richard-heddle--chief-executive-officer
as i've noted >> successful early adopter re: disruptive techs in emerging sectors .. creates generational wealth
it's why i want to see and document >> how *handled*
it's equally clear to me (as of 11.24.14) .. that RH is totally au fait .. with P2O's Long Term (LT) potential
4kids
all jmo
10/5/07 -- there are no coincidences here ...
oh and like many other longs .. not selling at this level --
