You mean besides John Bordynuik having done things like buying an unused and bankrupt blending facility from his aunt and uncle, for god only knows how many millions?
Ignoring the obvious things like this, Jahuel's suggestions seem logical and reasonable, based on the available facts. Let's consider these facts:
- John Bordynuik, a man with absolutely no knowledge, education, or experience in the pyrolysis field, raises money to hire himself as CEO of a public company to commercialize pyrolysis.
- Starts rumor about having an IQ of 170, hoping this will convince the dupes that he doesn't need no stinkin' relevant knowledge, experience, or education.
- Investors rely on his claims that he discovered a lost Magic Catalyst on a magnetic tape from the 1970's that will allow him to make oil for total costs of $10/bbl, and sell it for +85% profit margins.
- John Bordynuik tells his first investors that there will be 2500 P2O sites within the next few years, and that his biggest worry is all the taxes he'll be paying on all his profits.
- Over the next four years, instead of achieving these promised profits and explosive growth, John Bordynuik instead loses over $1,000,000.00, every month, and accumulates loses of over $50,000,000.00.
- At the end of four years, his company still relies on selling MILLIONS of heavily DISCOUNTED shares every few months, as its only means for delaying insolvency.
- Over those four years, he puts out numerous PRs and NRs about exciting deals, joint ventures, billionaire investors, and the like, all of which turn out to be COMPLETE BULLSHIT.
- John Bordynuik gets nailed for securities fraud and accounting fraud by the SEC, and is forced to step down as the company's CEO as a consequence. The SEC makes their mountain of compelling evidence publicly available, supporting the claims that John Bordynuik is a con man and liar.
So, in summary, we have that John Bordynuik raised a bunch of money on a too-good-to-be-true story that never materialized, and kept the share price inflated with a series of lies and fraud.
It's not a stretch to assume that John Bordynuik did all of this to make as much money as possible for himself.
We know from his history of publicly documented lies, and the publicly available facts of the SEC's case, that John Bordynuik is dishonest and willing to lie to investors.
Taken together, this history and all of its facts provide a reasonable basis to hypothesize that John Bordynuik has likely taken far more money out of his failed company than the public knows about. (SPLAT)
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