Replies to post #302088 on Plastic2Oil Inc (PTOI)

[NewMoney]

I’ll believe it when I see it.

[loanranger]

"New eyes can find their website here: http://www.plastic2oil.com/site/home";

You'll find a great deal of helpful information there. The deceptions begin smack dab in the middle of the Home page:

"With its revolutionary Plastic2Oil (P2O) technology, Plastic2Oil Inc. has pioneered the development of a process that derives ultra-clean, ultra-low sulphur fuel, directly from unwashed, unsorted waste plastics."
That really should be enough. The process has never been able to derive ultra-clean, ultra-low sulphur fuel, directly from unwashed, unsorted waste plastics.

But wait! There's more!!!
"Plastic2Oil® successfully brings its third P2O processor online at the Company's Niagara Falls, NY facility."
That's what they said on June 30, 2013.
The following June, in a Form 10-K that was filed over two months late, on p.27, the company oh so gently revealed the following:
"We had to shut down its production in the fourth quarter of 2013. Management estimates bringing the facility back into full production will require the expenditure of between $175,000 and $200,000. The plant is presently testing and evaluating the feedstock from potential purchasers of processors. At June 3, 2014, we lacked the working capital or access to bank credit to restore full production."

The "we lacked" story is still true.
That's right. The Company hasn't produce ANYTHING in almost five(5) years.


Don't stop reading there. You can find links to all the SEC filings where you can learn about how the Founder of the Company, who is quoted EVERYWHERE, was "barred for five years (from March 18, 2013) from acting as an officer or director of a public company" and fined (as was the Company) for overvaluing an asset that had very little value, if any, at $10 million and conducting two private capital raising efforts (Private Investment in Public Equity or PIPES) that raised over $8.4 million from unwitting investors in these PIPES just before the company issued a public statement indicating its financial statements could no longer be relied upon.
So by all means read the SEC filings but be careful. They're sprinkled liberally with deceptions.

Actually the BEST reason to look at the website (one more time: http://www.plastic2oil.com/site/home) is to get an idea of what you're getting yourself into in terms of the care with which the Company is maintained...the website reflects it. I would suggest that any serious investors contact the Board of Directors with any questions that you might have. They are listed at the Investors tab under "Governance":
Board of Directors
Richard Heddle (ask to see his compensation agreement)
Phlip J. Bradley (contact him first...he's been especially helpful)


Good Luck and as Capt Heddle might say "Welcome Aboard!".


ps. This is what you get for your PTOI investment money nowadays:
TOTAL ASSETS $1,521,908 (includes Cash of $22,482)
TOTAL LIABILITIES $14,641,727

And a whole lot of promises.

[fourkids_9pets]

exactly ..

and we are just 2 of 1000s of actual P2O investors .. which is why i've always noted *volume* (or lack of) is key
just me perhaps but based on *facts* noted below .. i'd expect more angst and cage rattling .. ;)


PTOI
Price Performance (Last 52 Weeks)
08/22/2018 +80.00%

Volume 0
Volume (10 day Average) 70,132
Volume (90 day Average) 67,731




================

Bordynuik, founder still owns millions of shares and that is one reason I'm still here. And anyone can reach out to him and ask, if they doubt it. There is only one reason someone still holds millions of shares.

Now that I think of it, the NYSDEC doubted the processor's technology at first, and made JBI/PTOI prove their process. After multiple tests, the NYSDEC then gave the company multi-year permits, and they're still valid. No small accomplishment for a start up with new tech.

No doubt The American Society of Mechanical Engineers doubted Bordynuik before they peer reviewed and published his paper here:


peer reviewed scientific paper

And of course everyone doubts Heddle, n'est-ce pas?

New eyes can find their website here:

company website

Quote:
always telling what gets ignored to suit ..

[jcoukr]

Yes the reason is he can't sell them. And every turn the stock goes lower he thinks man I should have sold .10 ago, .25 ago, .50 ago and 1.00 or 2.00 ago. Believe me I have been there just like I was at the agm backyard party that screamed SELL. John showed up no confidence was expelled by any of the employees and john himself. We made cocktails at the little bar that was set up out of bottles of liquor labeled with tape and hand written what kind of liquor. This is nothing short of a nightmare for every long that through in more than they should of because of honest john. John made millions off of what he did sell and he took a huge salary after he claimed he wasn't going to till profitable. He's a criminal and should be in jail