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Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna
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To: mahatmapaul who wrote (53390)9/12/2019 2:47:22 PM
From: PaperProphetRead Replies (1) of 53574
 
Yes. Searching on PTOI's 10-K's, it looks like the company first reported suspended operations as of the 2015 annual report until such time as the company could get financing. A year ago the gullible directors previously appointed to the director positions by CEO Mr. Heddle, ponied up the money ($125,000??) to fix the processors. The company specifically announced that money was to fix the processors...but the earmarked money instead vanished into SG&A. If the directors believe they're going to get a dime of their money back then they're deluding themselves.

I see hope springs eternal in IHub/IHang and the Faithful and Patient are still muttering about evil entities of various sorts. One would think after a decade those investors would start to see that PTOI hasn't shown any results in a decade and that deserves center stage, not the supposed evil entities plotting to destroy PTOI. Nobody wants to buy that supposedly revolutionary plastic-to-oil processor, the company doesn't want to run a processor itself, the CEO won't waste his own money to fix the processor and diverts money specifically earmarked to fix the processors to SG&A. Yet alleged evil entities manipulating the share price down to make pennies a day or whatever they're supposedly going, continue to be the hot topic?!

I'm sure some investors don't want to criticize the company directly just in case voicing their discontent convinces other shareholders to sell. Others are just straight up BSC.

PTOI has successfully boiled its investor base down to those "you can fool some of the people all of the time" people. Presumably some of the Faithful and Patient have some money left so that shareholder list would be worth its weight in gold to another penny stock scam looking for investors.
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