Replies to post #301011 on Plastic2Oil Inc (PTOI)

[flptrnkng]

Econavigation had the same dollars and royalties and maintenance contracts specified.

Econavigation was a Sham deal.

This is a Sham deal too. You only need wait until April to find out why.

Plastic2Oil Announces New Contracts for the Sale of Proprietary Plastic2Oil Processors and License of Plastic2Oil Technology
Posted Jan 12th, 2015 in 2015 News Releases

• Plastic2Oil has contracted to sell Plastic2Oil processors to EcoNavigation, LLC over the next three years



• Provided the terms of the contracts are met, the minimum gross proceeds to Plastic2Oil will be $15 million, as set forth in the Form 8-K filed January 8, 2015 with the SEC



• Plastic2Oil granted EcoNavigation a non-exclusive license of its technology and will receive a royalty of five percent of gross revenue from fuel sales



• Plastic2Oil will receive not less than $0.50 per pound for use of its proprietary catalyst



• Plastic2Oil will also provide on-going monitoring and maintenance services at agreed upon costs and rates

http://www.plastic2oil.com/site/news-releases-master/2015/01/12/plastic2oil-announces-new-contracts-for-the-sale-of-proprietary-plastic2oil-processors-and-license-of-plastic2oil-technology

Anyone that falls for this latest ruse probably shouldn't be gambling on fraudulent penny stocks. N'cest Pas?

[jaxstraw]

Research how much money is owed Heddle and when those notes are due.

Then research if any of the minimal amounts of fuel ever produced was sold at a profit or exactly how much fuel was sold.

Forget any talk about how much the machines were permitted to run. They never produced much before breaking down.

That should narrow down how to see if any proceeds would ever equal money and royalties.

As a side note.... the machines weren't profitable when Bordynuik raised funds from the sale of equities.....meaning he never had to take a dime out of what was sold unprofitably to pay anyone back.

If Robin Curtis raises private equity they will have to get paid back out of whatever is produced also.

So you now have an unprofitable product that has to give out a piece to investors and royalties... as well as produce enough to keep operations going.....

Sure.

[zone]

I think you have a valid concern. I am a big supporter of this company, but this deal needs to be completed and profitable for both parties before high lofty predictions should be made. We are moving in the right direction. Merry Christmas

[jaxstraw]

Unless Heddle puts out publicly he is rolling his notes over there is no money.

Shareholders should be demanding to know if he will.

Think about it.....why should anyone buy a single more share based on news that would possibly bring in $4mm....when the company is in debt and is scheduled to pay back $6-7-8mm or more at about the same time ?

Without Heddle rolling his notes this deal doesn't even dent the debt and notes due.

[BeerIsGood]

Veridisyn Technologies, LLC, - Master Agreement
EcoNav - Processor Agreements

Veridisyn Technologies, LLC, a company engaged in processing waste plastics but has zero operations
EcoNav - middleman with zero operations

Veridisyn Technologies, LLC, - first 4 processors - $10 million
EcoNav - first four processors - $10 million

Veridisyn Technologies, LLC, - pay a royalty fee of 5% of gross sales of fuel products by the Customer or its customers.
EcoNav - pays a monthly royalty equal to five percent of the gross revenues from sales of fuel and other byproducts