Replies to post #265787 on Plastic2Oil Inc (PTOI)

[pacrat]

Hope you're right. I still have shares but the silence is torture.

[flptrnkng]

Heddle is a guy who built Heddle Marine over decades. He didn't do that by lying to people.
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Richard Heddle, Chief Executive Officer

Thanks, John.

So, as you can see, there’s a lot that we’re excited about here for the future of JBI.

As you’ve heard, the company is consistently producing fuel at a rate that it never has before and we feel we have more substantial interest in our company from the market than we’ve ever had.

As a closing note, in striving to immediately align ourselves with our shareholders, executive salaries will be reduced significantly. There will be absolutely zero consideration of executive bonuses and extras until the company is standing steadily on its own two feet.

Furthermore, in an effort to align ourselves towards more transparency for our shareholders, we’ll be offering a mid-quarter snapshot into company operations on a consistent basis from here moving forward. We anticipate starting this midway through the fourth quarter, as we’re nearly halfway through quarter three already.

Again, we feel we’re in a substantial position to reduce our spending significantly before the end of the year.

It’s clear to me that the company, at this point, should be swimming with the current to get ourselves towards cash flow positive, not against it. Reducing excessive spending, curbing large executive salaries and being fully transparent with the market are how you make things easier for yourselves. That starts today.

It’s extremely important that our shareholders and potential investors know that the hard parts of a startup, we feel, are almost behind us. We’ve settled some major legal issues, we’ve had the technology validated by several scientific engineering firms and we’ve established customers like U.S. Steel and feedstock partnerships with reputable companies like Crayola. Most importantly, we have a dedicated team of people, all of whom sacrifice countless hours day after day, week after week to strive for the same thing that our shareholders want: building value behind our company with its one of a kind technology.

I look forward to updating everyone in the future, thank you for your time on this call today.

[Golfgod]

I 100 % agree, that is why I've recently increased my share count significantly
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"I see things a bit differently in terms of "transparency" and silent progress.

I think Heddle does have a defined strategy, just as he said in March:

-- negotiating sales of processors

-- cutting expenses to the bone

-- interviewing BoD candidates

Heddle is a guy who built Heddle Marine over decades. He didn't do that by lying to people.

Whatever anyone thinks of Bordynuik, he's got the permits, he's got processor #3 as the final design, and he's got the data from extended runs to negotiate with third parties.

Then we have Mr. Banerjea, a seasoned CFO and CPA with stellar, world-class credentials.

No way he comes on board with JBI and ruins his reputation.

Remember... Nick T had never done a 10K in his 20-something life. He bailed, only to be replaced by someone with stellar credentials?

I'm going to be even more patient, just in case good things are happening. "