I find myself going back and forth on this company.
My DD has definitely been sloppy, so I keep being surprised by things I read but did not pay attention to.
I thought, for example, that I was investing in a company getting ready to set up a factory in Wisconsin based on the expertise of its founder, financed by a bond supported by the city - and that it would grow from there. I read, but did not digest the following, brought to my attention again by your post:
“The Company, headquartered in Seattle, is prepared to move forward on several fronts to further develop its plastics recycling business, beginning with testing of its newly designed separation process, recently developed to increase the capabilities and output of the company's ASR (auto shredder residue) cleaning process. Additionally, the company announced it is pursuing a number of joint venture prospects, including the market expansion of its cleaned plastic product stream into feedstock for the hybrid energy field, as well as investigating the potential acquisition of another energy-product derivative recycling process. PCT expects that the successful acquisition of these new ventures would result in combined revenues of up to $17 million during its first eighteen to twenty-four months in operation.”
I sure hope they get the stock price up before they issue shares to pay for these things.
