Replies to post #298736 on Plastic2Oil Inc (PTOI)

[BeerIsGood]

find any promotion done by this CEO ..

Several letters from Rick. None of it came true. Call it what you want, promotion, carrot, BS, etc. it's all the same in my book.

Letter to Plastic2Oil Stockholders From Richard Heddle, Chief Executive Officer

First, as was indicated, a pilot production run would take place within a 120 day period for evaluation by EcoNavigation. That period began January 2, 2015 and will end May 1, 2015. The 120 day period includes pre-pilot production activities, the start-up, run, and required maintenance of the processor during the pilot. The Niagara Falls, New York processor #3 will be used in the pilot. In the past year that processor, and the rest of the Niagara Falls facility, has undergone extensive scrutiny and review by a national engineering firm. The facility requires minimal preparation to be ready for the pilot to begin. The beginning date will be determined by EcoNavigation.

Former Plastic2Oil Chief of Technology John Bordynuik, now acting as a consultant for PTOI will provide guidance as required. The national engineering firm will supervise the pilot for EcoNavigation. The current plan is for the pilot to be completed within the 120 period and EcoNavigation will be responsible for costs associated with the pilot. Plastic2Oil will bear none of the costs associated with the pilot. The tonnage to be processed during the pilot will be determined by and provided by EcoNavigation.

While EcoNavigation is a privately held start-up company, it has strong financial and business relationships. During our negotiations with EcoNavigation we have become familiar with their management team and have concluded EcoNavigation has access to both sufficient capital and plastic waste generators to complete the pilot. We are confident the pilot will reach a successful conclusion.

Upon the successful completion of the pilot, expected on or before May 1, 2015, we are equally confident EcoNavigation has the financial capability to complete the initial purchase of processors for sites to be located in the state of New York, or elsewhere. We currently have two processors in inventory that are 75% complete. Additional processors and other equipment will be fabricated by outside suppliers, selected by Plastic2Oil, as demand for processors by customers develops. Our contract with EcoNavigation is for a minimum of six processors over a three year period. We continue in negotiations with other purchasers.


Letter to Plastic2Oil Stockholders From Richard Heddle, Chief Executive Officer

P2O and EcoNavigation began discussions with a firm in the southern U.S. regarding a development project that has the potential for the deployment of more than 30 processors over the proposed project development period. This project has required significant attention from the P2O, EcoNavigation, and O'Brien & Gere project opportunity team. Assuming P2O consummates the deal, the anticipated testing requirements will be a three to five day run of the firm's specific feedstock. If testing is successful, we are expecting an initial purchase order for 12 processors for phase one of the project. In light of this new opportunity presented by EcoNavigation and the expanded scope of our relationship, we have agreed to extend our agreement with EcoNavigation for an additional ninety days under our current terms.

In addition to the above, a third opportunity for a three processor site, located in the northern states, is being worked on by the above mentioned project opportunity team, and is very close to completion. EcoNavigation continues final negotiations and work on structuring and financing.

Although there can be no assurance that our current negotiations will result in definitive agreements or successful sales, I am personally optimistic and so I wanted to share this information with you. I encourage all investors to review P2O's periodic filings made with the Securities and Exchange Commission in order to keep apprised of any further developments.

[fourkids_9pets]

factually false .. Shareholder Updates by necessity
comprise of forward looking events aligned with events executed

forward looking events are just that .. and every company projects them
public and private

but how very non surprising *some* wouldn't want this CEO to articulate
consistently ..

here's to P2O's execution and RH's consistent articulation .. :)

slow and steady wins this war ..

4kids