@WBPetersen@Mike_Taylor1972@Dami_Alfinity Where did I miss the Mark, they do not have a plastic output. They use plastic to make a majority diety biofuel sludge. Why don’t you tell me what their primary output is. And then tell me who the buyer of that primary output would be?
Why are you so angry. It is not plastic into plastic… as such it is not truely recycled. The product is majority a lower quality biofuel. It does not take plastic and turn it into clean plastic. I am not short the stock and have no position. Just pointing out. Also they have had and will need continued dilution. Their literal competition is the Exxons etc not the plastic industry.
They have no product. They make a crappy biofuel sludge and would be competing with traditional low margin energy producers not in the plastics space. I do not EVER see a path to profitability. It will be more cash burn and more equity dilution. They may makw a factory but their product is not in high demand. Who will be lining up to pay a premium for their sludge output?
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