It would seem from Robin Curtis's long past history of what looks like failure and company jumping his one somewhat payday came in with raising multiple millions of dollars and getting the failed Lithia Springs plant out of the ground.
Is it possible he found a formula to get paid without having to actually have a successful venture ?
Like Bordynuik.... except through private enterprise.... multiple millions needed to be raised for this endeavor.
And like Bordynuik he surely was getting a hefty payday for doing so.
In all reality though the PTOI investor should care not whether Curtis is ethical , a swindler, a profiteer, or the like.
All they should hope is he can con an investor group, or potential investors, to raise the multiple millions it supposedly takes to get a plant out of the ground.
The chances of Bordynuiks machines turning a profitable enterprise is slim to none. The royalties sketched out are meaningless and minute since Bordynuiks machines never could put out anywhere near the tonnage he claimed and broke down constantly. There is no performance record to show they are capable of ever running continuously. Being permitted to run 20 or 30 tons doesn't mean they have or can.
What a PTOI investor needs is another Bordynuik swindling someone else to buy some machines.
And Curtis looks to have history doing this.
What the PTOI investor should be worried about though is if it does happen.....Curtis somehow raises the cash and buys the first two machines.....takes his hefty payday....is that the first $4mm is going to be banked about the time Heddles notes are due.
Oooooops.
Because if the proposed facility fails like Lithia Springs ( and Bordynuiks machines history and profitability says it is highly likely) there will be no more machines sales and no more PTOI.
Heddle gets paid....Curtis gets paid.....and shareholders better figure out an exit strategy before the final curtain.
