Good plan. Works almost every time. But sometimes there are facts in "opposing posts" that you'll miss if you do.
What happened to the Veridisyn deal? You won't find the answer in any PTOI press releases.....they stopped issuing those in 2018. But the issue was covered in meticulous detail in the 2 month late 10-K for 2018: "This agreement lapsed as of December 2018, but the Customer is still working with the Company on restructuring the business arrangement." Veridisyn hasn't been mentioned by Plastic2Oil in any public document since.
The EcoNavigation deal preceded the above: "we made the decision not to further extend our agreement with EcoNavigation as their firm has been unable to conclude processor sales via acceptable terms." ....Mar 8th, 2016 Ironically the lead person for EcoNavigation, Mark Ragus, is part of the crew participating in the current purported deal. Apparently total failure doesn't deter CEO Heddle.
"I choose not to read opposing posts" That choice coincides conveniently with a post asking you some tough, relevant questions:
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...