Replies to post #166646 on Plastic2Oil Inc (PTOI)

[griffin7]

Haha! That's brilliant :) But I fear it could still scare off some lesser minds...

[Rawnoc]

Waste Management invested nowhere even remotely close to $25 million:

"Tim Keating, chief executive of Keating Capital, said his company acted as lead investor in the latest round for Agilyx, putting in $4 million"
http://www.oregonlive.com/business/index.ssf/2011/12/agilyx_which_converts_waste_pl.html

The biggest investor put up $4 million, and it wasn't even Waste Management. Therefore WM invested something less than $4 million.

Waste Management is famous for throwing pocket change at many waste-to-energy gambles (probably for publicity) throughout the years, most of which (if not all) have been failures and they continue to do so by the dozen, literally:

"Among the more than two dozen companies Waste Management has recently added to its portfolio..."
http://www.wired.com/magazine/2012/01/ff_trashblaster/all/1

Reminds me of Exxon investing $10 million in renewable energy then spending $100 million in publicity bragging about the $10 million they invested:

"Exxon invested only $10 million or so in renewable energy – just a tenth of the amount they spent talking about investing in clean energy."
http://thinkprogress.org/green/2009/07/02/174370/exxonmobil-continues-funding-denier/?mobile=nc

It's called greenwashing -- and Waste Management is no stranger to it. It likely allows them to win lots of waste contracts with governments and tax breaks because they are a "green" company -- you all I'm sure have seen their TV ads bragging about how much they care.

http://en.wikipedia.org/wiki/Greenwashing