Plastic2Oil Inc (PTOI)

[jaxstraw]

I don't believe Nulixo is actually a scam...but I do believe they are and will be non operational until they receive total funding from elsewhere.

If they were a self funding business ( as in bank loan or start up funding) that would have been done already. It is not out of the realm for lending institutions to do so if the borrower has significant personal resources and a solid business plan.

My guess is they have done everything at a cut rate cost out of pocket until they can get financing from elsewhere. And it shows in every move they have made and haven't made.

But based on Nulixo's own statement they are waiting on municipalities to sign on as well as the government bid system.

No lender would give a dime on that. It isn't a solid business plan....it's a hopeful dream business plan.

And if the owners of Nulixo were inclined to borrow based on their personal guarantee and assets there is little indication they have done so yet. At least for any significant amount. It is possible they have though and are sitting on a vast resource of borrowed money but that theory looks implausible due to the not implementing any part of the reported plan they propose.

Why borrow money and do nothing with it ?..... especially if your personal assets are the guarantee ?

Nulixo is just a shinier version of EcoNavigation.....no assets or operations waiting for someone else to take the risk on their idea.