Gold/Mining/Energy : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna


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To: PaperProphet who wrote (24752)5/21/2012 5:23:21 PM
From: PaperProphet of 34115
 
$37 million so far and there still isn't a $200,000 processor running commercially and he apparently got new unsophisticated PIPE investors to pony up $10 million more. Any bets that when the current $10 million runs out late this year Mr. Bordynuik will still be 'on the cusp' of production.

One would think at least one or two shareholders would be smart enough to ask what still has to happen before a processor can be put into commercial operation and how much more money it will take.

I think some investors might be frustrated by now but they all chalk it up to bad management and they still trust Mr. Bordynuik's claims of a catalyst which allows production of diesel at $10/bbl--even though when he made the claim, he didn't have anything up and running and we know how baseless his statements always are. Certainly Mr. Bordynuik is a prolific liar and those lies are certainly fraud in many cases but at some point shareholders need to step up and start thinking. Entrusting money to Mr. Bordynuik with carte blanc to spend that money in any way he sees fit after he's been shown to be a liar and to have cooked the books isn't a smart move.
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