Replies to post #235659 on Plastic2Oil Inc (PTOI)

[steelyeye]

Huh? I thought we've been over this more than once? The SAIC 3 day audit was accurate at the time, not wrong. It was done according to SAIC standards, which is to say scientific protocol for measuring such processes. Not based on some "assumptions given to them by Mr. Bordynuik."

I believe the audit was a "balls to the wall" production audit to see the upper limits of P2. And guess what? They started to accumulate too much pet-coke at those high through-put rates, and needed a solution (the half-kiln of P3).

In The July to Sept. quarter of 2012, they stated (in the now famous Nov. 2012 filing) that there were also fouling issues, and a solution was found (I believe this was by using HTF). They began running HTF experimentally in late Sept. and early Oct. of 2012 is my guess, which is why Rauber could see CFP on the horizon and $$ coming in, if P2 kept up that pace.

It obviously did not. Those in NF I've talked with believe that Tony and Kevin pushed P2 too hard last Fall and broke stuff, or maybe they weren't allowed to run HTF at those rates, without a new permit. The company then altered the engineering and got ready for a new HTF stack test that took place in December. Tony left feed stock out in the rain or let it accumulate embedded ice in Jan/Feb. and is said not to be allowed near a forklift now.

But to your assumptions:

1--There are apparently hundreds of tons of free plastic arriving from Crayola on a regular basis.

2-- P2 + P3 + HTF means much more uptime, and if they can get high enough production rates to show POC commercially, without breaking stuff, what do you think the market reaction would be?

I know... I know... they've never done it before, so why should we believe them now, right?

Why was the leaked SAIC cover sheet that supposedly validated Processor #2 so wrong? Was it the free plastic assumption that killed it's accuracy? Or was it the assumption that the machines could actually produce 15,000 gallons of fuel every 3-4 days? Or in the end was it really both assumptions?