Maybe you didn't realize this but #3 to #7 is a mixture of plastics which includes a significant amounts of PVC and other non-hydrocarbon-only plastics. So where do you stand on that? Are you saying that Mr. Bordynuik was lying when he said he was trying to get hydrocarbon-only plastics? Otherwise that DD doesn't make any sense.
No reply.
PaperProphet
Sunday, September 19, 2010 4:22:54 PM
Re: Rawnoc post# 70122 Post # of 70189
Rawnoc, put yourself in the shoes of an investor trying to do DD.
Mr. Bordynuik says he needs hydrocarbon plastic and, doing your DD, the only sorted hydrocarbon-only waste plastic you can find costs around $500/ton...and places are advertising that they will buy sorted hydrocarbon-only waste plastic for $300-$400/ton.
Now the only explanation you hear to address this seeming descrepancy is quotes from Mr. Bordynuik saying (and I paraphrase) "Pffffft! I don't need to pay stinkin' market prices for hydrocarbon-only plastic--municipalities will pay me to take it--and it will be sorted into hydrocarbon-only plastic when I get it."
As an investor doing DD, how confident does that make you feel? Don't you think that Mr. Bordynuik would be doing his shareholders and investors a favor if he explained some of these obscure but important details?
siliconinvestor.com
Rawnoc Share Sunday, September 19, 2010 4:33:27 PM
Re: PaperProphet post# 70123 Post # of 70189
I would tell that person that he's doing piss poor DD since the only links I can find about hydrocarbon plastic was clean sorted clear bottles and stuff.
Further DD does agree with Mr. Bordynuik's contention as I gave you a mere sample of it here:
siliconinvestor.com
90% of my DD by the way never makes it to the boards. I do too much of it, and I'm lazy about typing it out.
The only point you've made on this topic is that everything hasn't been absolutely proven beyond a shadow of a doubt by John himself with documents. My answer is -- who cares? I don't consider being forced to take the time and do my own DD a bad thing. On stocks where there is no need to do my own DD because everything is already picture perfect in front of me -- the stock price is already way overvalued. I invest in companies all the time that NEVER even issue a press release, never mind haven't proved every little step of the way in press releases.
You take John's silence over the last 6 months (no P2O PRs until Friday for 6 months) as a sign of hiding something. I do my own DD and conclude otherwise. I take his silence as a shift to under-promising and over-delivering. The filings, the conference call, and the latest PR all point to that very fact -- he's reporting what's already a historical fact or in the extreme near term so it's as good as fact. And I absolutely love it.
And so will the market.
siliconinvestor.com
PaperProphet Share Sunday, September 19, 2010 4:52:27 PM
Re: Rawnoc post# 70124 Post # of 70189
So you can't share your DD that shows Mr. Bordynuik can get paid to take plastic. Fair enough.
The only point I found in your links to links to links was your posted quote from "a New York Website" which said "These move past a series of laser beams that identify any item made of #1 PET or #2 HDPE and blow it off the main conveyor onto a second conveyor. At this stage, workers manually pull out #1 and #2 bottles and jugs. What is left over at the end of the conveyor belt journey (#3-7 bottles, #1-7 tubs and trays, as well as non-numbered plastic containers) is disposed of as residue."
Maybe you didn't realize this but #3 to #7 is a mixture of plastics which includes a significant amounts of PVC and other non-hydrocarbon-only plastics. So where do you stand on that? Are you saying that Mr. Bordynuik was lying when he said he was trying to get hydrocarbon-only plastics? Otherwise that DD doesn't make any sense.
siliconinvestor.com |
