P2O reported 83.6% gross profit margins last quarter. The false claim that the process can't be profitable has already been CRUSHED to death.
I'm still waiting for the next false claim to pop up to add to the list.
JBII negative hype history vs. reality -- UPDATED!!!!
(1) First P2O was a scam.
(2) Then okay P2O is not a scam, but P2O will never scale up.
(3) Then okay P2O did scale up, but P2O will never work outside of a lab.
(4) Then okay P2O does work outside a lab, but P2O will always be pollutive.
(5) Then okay P2O is not pollutive, but P2O will never get permission to operate.
(6) Then okay P2O got a consent order for full blown commercial operations for 6 months, but P2O will always require sorted "snow white" washed recycle-grade $650/ton plastic.
(6) Then okay P2O uses free landfill-bound unwashed mixed multicolored plastic, but P2O will never get full blown permits.
(7) Then okay P2O got full blown permits in the 2nd most difficult state in the USA, but P2O fuel is worthless, and they'll never make a fuel sale.
(8) Then, okay P2O has sold fuel to multiple customers, but P2O will never get a joint-venture agreement.
(9) Then okay P2O got a 10 year exclusive agreement with the multi-billion dollar NYSE: RKT, but P2O will never be profitable.
(10) Then okay, the P2O process is profitable right out of the gate, but the P2O gross PROFIT margins are only 33% and will never be higher.
(11) Then okay, the P2O gross PROFIT margins are over 80%, but they'll never have significant sales.
(12) Then okay, they signed a huge long term fuel supply agreement, but their fuel will always have a cute nickname such as "goo to go"
(13) Then okay, they signed a multi-year contract for transport fuel to a chain of independent gas stations, but.... ?????
lol
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