"what a coincidence...right about the time Heddle made the decision to turn to sales rather than production"
Well that put a quick end to the truth telling, didn't it?
As I said, the Evolution ended in the second quarter of 2013 according to the company webpage.
This announcement wasn't made until November 12th of that year:
"Since 2012, JBI’s business plan had been to primarily focus on sales of our fuel for revenue. At this stage in the Company’s growth it has been determined that joint ventures and P2O Processor sales will be the primary focus of JBI’s business plan moving forward."
The fact that the machines had stopped operating either at that point or shortly thereafter wasn't revealed until June of the following year. Shareholders had no idea.
PTOI leaves a trail of failures in its path starting with tape processing, running through the operational misfires and securities law violations surrounding the Javaco and PAK-IT acquisitions, then the inability to turn waste plastic into fuel profitably (even WITH a magic catalyst) and finally the EcoNav fiasco. I'm leaving a lot of stuff out, but you get the idea. What can't be accounted for by fraud can be attributed to ineptitude. The only thing still evolving can be found on the Balance Sheet....it's called "Accumulated Deficit".
Some eventually saw the light and escaped with their skin, but I'm afraid that many didn't listen and paid a steep price.
Not to worry....I'm sure you'll be fine.
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