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Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna -- Ignore unavailable to you. Want to Upgrade?

To: 1Coffeehound who wrote (15195)	12/13/2011 11:59:37 AM
From: PaperProphet	Read Replies (1) \| Respond to of 53574

The problem is that those inconsistencies which come to the surface are invariably the tip of the iceburg...and that tip of the iceburg is pretty big. The media credits? We can either assume that Mr. Borydnuik is just stupid or we can assume he was dishonestly trying to make the balance sheet look bigger. The missed timelines such as 'expecting' full production a quarter out for a number of quarters since Q1 2010? We can assume that Mr. Bordynuik is just over optimistic and and mistakenly used optimism as a basis for announcing those expectations or we can assume he was dishonestly trying to paint a false picture of the state of progress. Pakit, Javaco, blending facility, MRF?. All bad business decisions since putting money from a supposedly high-return project (P2O) to those low/negative margin investments, especially that far in advance, makes no sense. We can assume he's just dumber than rocks based on those four occasions or we can assume he's dishonestly trying to make the business look 'bigger' for investors. The constant delays? We can assume that Mr. Bordynuik just has the worse luck in the world and nothing goes his way...or we can assume he's dishonestly working to buy time so he can continue to sell shares. The Sousa deal, Heddle deal and four joint ventures? We can assume that Mr. Bordynuik is only indecisive and wanting to go in different directions or we can assume he's dishonest and knew that those ventures, not having the ability to be profitable, wouldn't go forward, but used them for fodder to sell shares. Whether Mr. Bordynuik is stupid, naive, makes poor decisions, unlucky, indecisive, etc........or whether he's dishonest, there are a lot of instances and he's still making good money while shareholders are seeing their 'investment' fundamentals continually eroded.