The loan was the first ever made by Heddle Marine Inc so therefore neither any security or getting something in return for Richard Heddle , the individual, is moot.

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Did Mr. Heddle receive any additional security for this loan.......no. I wonder why he loaned these additional funds to the company without anything in return ?

Read More: http://investorshangout.com/post/view?id=2360...z3KTGKjhqG

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I see though that Heddle Marine Inc has an option for warrants at 12 cents associated with this loan.

Is that all they believe this stock will appreciate in price by the time they can exercise those warrants ?