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

To: PaperProphet who wrote (15199)	12/13/2011 7:58:13 PM
From: old 'n cranky	Respond to of 53574

"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. " "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." I don't think that you've exhausted the possible explanations for those acquisitions. How many of them were truly arms length transactions with unrelated parties? Were the prices paid commensurate with the assets acquired? If not, why not?