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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 (25296)5/31/2012 6:25:35 PM
From: PaperProphetRespond to of 53574
 
Another interesting story I have is about someone named 'Buckfan' a few years ago on IHub who wholly and completely trusted one of John Stanton's (another pyrolysis aficionado) affiliates, a Florida attorney named Craig Huffman. He met with Mr. Huffman and assessed him as a "straight shooter." He couldn't imagine in his wildest dreams that he was dealing with a scammer. Bucfan seemed like a nice and honest guy and actually talked openly and honestly about his investment.

At one point Bucfan proudly announced that he had averaged down and had 2.5 million shares by the time the stock had dropped to $0.10. That stock, Internal Hydro (IHDR) since then made a number of name changes and ticker symbol changes, did a couple of reverse splits amounting in aggregate to a 1 for 105,000 reverse split and ended up as Rounder. Rounder jumped from virtually nothing to about $0.95 on tiny volume earlier this year and then down on much heavier volume to $0.01 where it is today.

If Bucfan held (I don't know if he did or not), his investment in IHDR of something north of $250,000 is today worth $0.24 in total.

I see other pyrolysis companies' names thrown around but keep in mind that successes of actually making money (even today they all still need investment) by using pyrolysis to make fuel have been nil. The odds are against you so when you see a pyrolysis company claiming wild success, or even success, be wary. Don't just blindly trust that everything you're being told is the truth because the odds are against you and if you trust too much and you're wrong, you're betting on what you believe to be a royal flush when in actuality, you don't have one.