Monday, February 08, 2016 9:54:54 AM
In 2011 Bordynuik didn't need more time.. He wasn't setting shareholder expectations sharing REAL WORLD timeframes.. Bordynuik wanted our money! He had bought or was in the process of buying a HUMMER H1!
According to Bordynuik he was posting sales and filling tankers with nary a mention of an inability to run processors for extended periods of time or for a 2011 processor design that required any re-engineering.
Bordynuik's request was for $5 more million for "just building multiple machines to handle the in-feed of waste plastics". Bordynuik said, "Now we need these funds for project-based financing. We are now being inundated with requests to put processors at high waste plastic feed sights. So we need the project-based financing to be able to build, manufacture, and bolt the machines down in their facilities."
Its time for shareholders to remove their heads from their asses, stop protecting those that misled and to instead hold those accountable for misleading the investor throughout this insider enrichment endeavor.
Protecting Bordynuik in this fashion is unfair to all shareholders that invested based on the information Bordynuik provided us at the time and the hubris he displayed selling the confidence in having a completed product.
Bordynuik's pyrolysis process claims made parallel the claims made by John Rivera and John Rivera ended up in a good amount of trouble with the SEC. I look forward to a similar end game with Bordynuik as Bordynuik should be held accountable in a similar way for claiming to have a process which marries up with Bordynuik speak from Bordynuik's infancy in selling his pyrolysis story to us.
Direct quote from John Rivera:
"I can give you or anyone the blueprints of my reactors and my building structure, but it means nothing without my catalyst," he says. "The Oak Ridge National Laboratory in Tennessee, the research arm of the U.S. DOE, and the site where the atomic bomb was developed, has been trying to break my catalyst now for the last 10 years."
I post on stocks that I invest in only.
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