"The agreement between nulixo and P2O stated that it would be effective upon the sale of the first processor."
It says a lot of unintelligible crap but I don't think it says that. Maybe they MEANT that but they didn't say it.
"On October 2, 2019, Plastic2Oil, Inc., a Nevada corporation (the “Company”), entered into an agreement (“Agreement”) with Nulixo, Inc. (the “Buyer”), whereby the Buyer agreed to appoint the Company as the exclusive supplier for plastic to oil processors for a period of twenty (20) years. Specifically, the Buyer agrees to purchase at least eight (8) processors over a period of three (3) years, and at least one (1) to be ordered upon the effectiveness of the Agreement. Pursuant to the first purchase order, for which the company is awaiting initial funding of the purchase order, the Buyer ordered two (2) processors for Six Million Dollars ($6,000,000) with an initial payment of Three Million Dollars ($3,000,000). Any subsequent processor purchased shall be at a fixed rate of ($3,000,000). In addition, the Company has further agreed to provide monitoring and servicing services for a fee to be determined on a case by case basis."
No argument with the rest of it:
"there is no agreement in force. Also P2O no longer manufactures processors so they will never have one to sell. Therefore, there can be no agreement at all. Any previous pr is null and void not to mention worthless. Company is alive on paper only. Notice Heddle has only dangled one carrot at a time. Only after a "deal" failed has another popped up. All being BS. Stock has been dead since 2013. "
“I have had a wonderful time but this wasn't it.”
..........Groucho
