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Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna

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From: scion5/18/2012 8:19:28 AM
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I was very disappointed with the 10Q numbers. The poor production followed by the SAIC saying how great the process actually is really under scored the fact the JB could not run the operational side of things.

uksausage Thursday, May 17, 2012 10:37:50 PM
Re: None Post # of 183561

I am getting excited now.
I was very disappointed with the 10Q numbers. The poor production followed by the SAIC saying how great the process actually is really under scored the fact the JB could not run the operational side of things. I can only assume he was constantly stopping the processors to check something, or had not got a plan for how to get all that plastic to site daily.

So thankfully we have some investors who agree and have forced the reorganization that was necessary and in doing so may have made a settlement with the SEC more likely. They will still want to make an example of him though IMHO so look out for a very stiff fine.

I wonder how long it will be before we see decisions from the new guy. The investors probably want very quick results so I suspect everyone's salary will be reviewed (how much do they pay the guys at the shredding facility for it to cost so much to shred plastic?). Offer shares in stead of cash.

There seems to be far too many people for the operation at its current level especially with the customer for the next year already known.

I would expect some sort of plan to be announced next week, including outline for roll ouut of RKT systems and the use of the Iriquois street facility as I outlined earlier.

Once I see that plan I will consider buying in some more as they new team (combined with a name change to P2O) have far more chance of making this work profitably.

just iMHO ...

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