it works when you process one cup (50 grams) of heavy oil, as shown in the patents
PSON is claiming that each unit can process 1,000 bbl/day, which is 154 million grams of heavy oil per day
the US Patent has now expired
after more than five years attempting to process more than a cup, PSON and the previous companies have yet to succeed.
the unit was supposed to be completed in Dec. 2012 and now it has been delayed to more than six months from the date of the Tobin Smith interview of Agolli (last week), or by Oct 2013.
What ever happened to the $3.1 million cash that was raised in January 2013?
So if Tobin promotes it it is guaranteed to be less than a nickel? That's not a safe strategy. What if their technology really does work? I would do some research before I bet against this story.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.