Plastic2Oil Inc (PTOI)

[the big guy]

Another article by Bordynuik. I think this is where the "1000 Transistors" quote came from MLM.

This article appeared in the March/ April 2007 edition of the same magazine. I am not sure if it is in the public domain. It does corroborate much of what has been discussed on this board and makes for interesting, entertaining reading.

My own impressions:
- he is a smart guy, no doubt about that.
- he is a tinkerer and not a businessman, no doubt about that.
- in fact, he reminds me of a roommate I once had, who was a distinctly different personality than mine, a very smart tinkerer as well. Had computers all over the place. But, he could not see the big picture. In business together, with myself as the accountant/ planner, we could do some damage (in a good way..).
- he spent far too much time playing around with old computer stuff as a kid for no good purpose.
- playing with old computer stuff makes no business sense. If there is one area where technology has marched on and left old stuff in the dust, it is in the area of computers.
- in fact, I bet for every 10 entrepreneurs that tries to make a living in the computer industry, only 1 survives. It is a brutal, tough business.
- there is no mention in the article of how he MAKES MONEY. In serving his clients by doing custom engineering work, how does he make money. Is it even profitable? I know lots of companies that do this. Not all are successful. In fact, very few.
- where is the battery business at?
- there is NO mention of P2O.
- there are a lot of motherhood statements in there about doing the right thing for the Niagara Region. Good, but meaningless stuff without the delivery.

Most Importantly:

This article appeared 3 years ago. in the intervening time, what has he accomplished? How has he delivered on the promise? How are his investors doing?

The tape business is majorly featured, but not in an overwhelming way. Rather... where is the tape business?

If he published an article like the recent one before, then the recent one is no big deal. He is simply capitalizing on the goodwill in his community. Good for him. So what?

Lastly and most importantly, I am uniquely qualified to comment on his latest business venture, because I spent 15 years in software development and am now in Construction, Engineering, and Process Manufacturing. He is on new turf here and is learning as he goes. That is a warning to investors. He may have grossly underestimated his costs. He may not know what the heck he is doing or maybe he does. But it is new, unfamiliar turf for him... all the brains in the world will not make a difference without careful planning and good execution, as well as cost control. There are no short-term heroics that will save him if he gets himself in trouble... enough said..

It is a good read. Very entertaining..

Unfortunately, it came out in 5 different files... 1/page.

MLM, the 1000 transistor thing is near the last page... frankly, given the rate of change and price point in electronics, I don't understand his point.

Here is page 1 (I will try to append all pages):