Replies to post #304435 on Plastic2Oil Inc (PTOI)

[JBIIRULES]

Maybe they're trying to go private. Thanks for the civil response. So why aren't they pushing in all directions with a patent? Maybe they see the profitability of going private.

Bin2Barrel was purchased by Integrated Green Energy Solutions Ltd
http://www.bin2barrel.com/

https://www.maritime-executive.com/article/port-of-amsterdam-gets-new-plastics-to-oil-plant

A publicly held company generally means a company that has a class of securities that is registered with the Commission because those securities are widely held or traded on a national securities exchange. When a public company is eligible to deregister a class of its equity securities, either because those securities are no longer widely held or because they are delisted from an exchange, this is known as “going private.”

A publicly held company may deregister its equity securities when they are held by less than 300 shareholders of record or less than 500 shareholders of record, where the company does not have significant assets. Depending on the facts and circumstances, the company may no longer be required to file periodic reports with the SEC once the number of shareholders of record drops below the above thresholds.
https://www.sec.gov/fast-answers/answersgoprivhtm.html

[loanranger]

The "why doesn't he use the diesel himself?" question is a good one. Right up there with "why isn't he cashing in on the benefits he's entitled to with Plastic2oil Marine?"

"Plastic2Oil Marine, Inc., one of the Company’s subsidiaries, which is currently not operating, entered into a consulting service contract in 2010 with a company owned by Mr. Heddle, who later (in 2014) became the Company’s Chief Executive Officer. The contract provides the related company with a share of the operating income earned from Plastic2Oil technology installed on marine vessels which are owned by the related company. The contract provides a minimum future payment equal to fifty percent of the operating income generated from the operations of two of the most profitable marine vessel processors and 10% from all other marine vessel processors. At December 31, 2018, there were no installed marine vessel processors pursuant to the contract."

If I was him I'd get right on that. In fact I'd have gotten right on that 9 years ago.