Plastic2Oil Inc (PTOI)

[Justice37]

Covanta are looking at picking the Alphkat system, haven't made a final decision from what I've seen. Global Energy Inc. have the rights to the system in North America, scary company. From an older post of mine:

Re: Global Energy Inc., not competition for JBI. So much for Alphakat getting a better partner with these buck-a-roos.
www.globalenergyinc.com
This company is a joke, they have nothing but debt and nothing, I mean nothing substantial.

Lots of plans, started something in 2003, abandoned it in 2005 selling all their assets for $50,000. Their new venture with Alphakat (which is owned by the inventor), hasn't done much. The filing I read, link is below, is either a comedy or a tragedy, I can't decide, lots of starts, everything fizzled, not renewed, etc.... Stock went from a high of 80 cents to 1 cent at one point. These are the companies that give penny stocks a bad name.

http://knobias.10kwizard.com/filing.php?ipage=6891554&DSEQ=&SEQ=1&SQDESC=SECTION_BODY#10