Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna Message Board

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

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From: PaperProphet	5/1/2019 11:30:35 PM
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I just watched 'The China Hustle' about Chinese companies going public on US exchanges via reverse mergers and the swindlers in China virtually never being held accountable even when the fraud comes to light. Unfortunately it's the same thing here in the U.S.. Investors often assume regulation will protect them from scam companies and boatloads of investors will freely entrust tens or hundreds of thousands of dollars to anyone who buys controlling interest in a shell company, which usually costs just a few tens of thousands of dollars. Then the investors themselves will take the ball and try to push friends, family and others into buying shares while trying to silence anyone who raises a warning flag. PTOI is a perfect example of a reverse merger where a fraudster purchased controlling interest in a publicly traded shell for $80,000 and pitched a fake story to unwary investors. Nobody vetted him out--he simply doled out the $80k, which he probably obtained from investors in his previous shell Expedite2, and then sat in the driver's seat of his new shell company. There was no regulator agency which made him back up his claims of being able to make a crude oil equivalent or diesel from waste plastic for under $10 per bbl. He simply made up those fake statements and investors collectively threw tens of millions of dollars at him. What's odd is that if a neighbor or friend asked any of these investors to lend them $1,000 and promised to pay back $1,100 in two weeks, these investors probably wouldn't trust that person enough to lend the money. But if a stranger with a bad history of selling tape drives on Ebay, buys a shell company for $80k, commits accounting fraud right out of the gate and regularly lies, investors will collectively throw tens of millions of dollars at that guy! There needs to be more investor education available. I've seen enough penny stock investors to know that most revel in being as uninformed as possible but there are certainly others who would really like to learn. The former group can have a happy life pumping stock among themselves and losing all of their money but it would be great if there was a good path for the latter group to become successful investors who also add value to the overall system.

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