Replies to post #306169 on Plastic2Oil Inc (PTOI)

[buenokite]

Why did New York explicitly not allow consumer plastic to by PTOI before the permits lapses and have never been renewed?

Think Utah will be interested in why that ironclad restriction was put in place? Hint: they are now

[loanranger]

"This we know..."???

"On October 2, 2019, Plastic2Oil, Inc., a Nevada corporation (the “Company”), entered into an agreement (“Agreement”) with Nulixo, Inc. (the “Buyer”)..."
Sure would have been nice if they had filed that agreement, because the rest of the paragraph isn't very clear at all.

...."whereby the Buyer agreed to appoint the Company as the exclusive supplier for plastic to oil processors for a period of twenty (20) years."
So for the next 20 years Nulixo can't use another company's processor. The agreement would tell us what the penalty would be if they did. And it would tell us what would happen if they were forced to use another company's processor because they couldn't meet their obligations under a contract with a municipality to process their trash because the Plastic2Oil machine didn't function. Very basic terms that are typically included in such an agreement.

"Specifically, the Buyer agrees to purchase at least eight (8) processors over a period of three (3) years, and at least one (1) to be ordered upon the effectiveness of the Agreement."
Obviously the agreement has an effectiveness date in it.....either a stated date or a date contingent on some specific event. What is it?

"Pursuant to the first purchase order, for which the company is awaiting initial funding of the purchase order, the Buyer ordered two (2) processors for Six Million Dollars ($6,000,000) with an initial payment of Three Million Dollars ($3,000,000)."
What happened? Only a sentence ago we heard that one (1) processor was to be ordered upon the effectiveness of the agreement and NOW we're told that the Buyer ordered two (2) processors!



"This we know..."???
Here's what we know:
The Company filed an 8-K that is as clear as mud and you and the Company are pretending that it's meaningful when it's not even understandable.


The rest of it is equally nonsensical.
How will the two municipalities Nulixo expects to sign in the first quarter of 2020 "provide the MSW for sorting and processing of waste via biodigestion and plastic to energy conversion, using our partners Redwave and Plastic2Oil, Inc." without so much as a dumpster to deliver it to?


Are the two municipalities going to deliver their MSW to NY? If not, who needs NY permits? Nulixo doesn't even have an address that can be associated with a physical structure in NY or anywhere else.


It's funny how some people get excited about an 8-K, whether it makes sense or not.

[jaxstraw]

I think Steve Price never foresaw the battle going on between pro and con within P2O.

Mindless speculation.

Why should he update into this toxic garbage dump. There is a lot of money to be made in this emerging market as we have seen with the recent 260 million dollar investment and I would bet he has encountered strong opposition from those trying to malign their own agenda.

Mindless speculation.

He and his team know what they’re doing.

Mindless speculation.

I think he is better off to get his ducks in a row then let the world in on his successful enterprise.

Mindless speculation.

[loanranger]

Are you sure about this?
"On October 2, 2019, Plastic2Oil, Inc., a Nevada corporation (the “Company”), entered into an agreement (“Agreement”) with Nulixo, Inc. (the “Buyer”)..."

That's what they said in their October 8th 8-K filing. But what has the Company said since then? Have they said ANYTHING about that agreement?

If nothing has happened then I guess they can justify the silence, but they have made a filing (albeit a very late one) since October 8th. They filed the 10-Q for the period ended 9/30 on December 16th and that filing had a section in it entitled Subsequent Events that didn't mention the agreement at all.
Did the 8-K filing obviate the REQUIREMENT for the Company to report the Entry into a Material Definitive Agreement in that Subsequent Events section? I believe that it did.
Did the filing of the 8-K somehow make it improper to mention the agreement in the Subsequent Events section of the 10-Q? HELL NO! If the agreement was viable at that point it should have been mentioned in the interest of the Company and its shareholders. ANY OTHER COMPANY WOULD HAVE SEEN IT AS AN OPPORTUNITY.

Why wasn't the Nulixo agreement mentioned in the 10-Q filed on 12/16, over two months after the agreement was made? Why wasn't the agreement itself filed as an exhibit to either the 8-K or the 10-Q? Why hasn't the Company made any public statements about the agreement in the four (4) months since they reported signing it in October? I remember the last time CEO Heddle stayed quiet for a period of months...

Is it dead already?



https://www.sec.gov/Archives/edgar/data/1381105/000149315219015252/form8-k.htm
https://www.sec.gov/Archives/edgar/data/1381105/000149315219019294/form10-q.htm

[JBIIRULES]

I choose not to read opposing posts.

I will wait to see the success or failure of P2O/Nulixo

I will wait for either of those events and will no longer listen to gossip or speculation.

They alone know the facts

My hope is in their success

Lets Go P2O!!!
Lets Go Nulixo!!!

[Commando911]

There hasn’t been any work crews at the plant yet. That’s not speculation. That’s fact. We do know that.