Posted On: 12/02/2014 8:45:05 AM
Post# of 43066
Quote:
Why do you think that Richard Heddle via Heddle Marine just loaned PTO another million dollars?
Read More: investorshangout.com/post/view?id=2369370#ixzz3KkOc0UMr
It is a fairly simple explanation when looking at the facts.
Richard Heddle , the individual, has a horrible track record with his personal investment in PTOI ( he admitted so in the most recent 8K).
He has experienced a staggering 90%+ losses for buying shares in this company.
Richard Heddle made it perfectly clear in the recent 8K all his bad investments in a penny stock are taking it's toll:
....my personal wellbeing and net worth are every bit as exposed to the fluctuations in our stock price as are other common stockholders....
His 'exposure' and 'net worth' are taking a tremendous beating.
By all accounts the facts show he has depleted his *risk tolerance* for investing in PTOI , is experiencing a severe hit to his net worth , has made incredibly bad investments in a penny stock, and has drastically over extending himself to keep PTOI's doors open desperately trying to recoup any of the money from these horrible decisions.
So he has taken to raiding his maritime company, Heddle Marine Inc , coffers to make sure the nearly $500,000 short term personal loans he made this past year to PTOI get repaid first and foremost with the financing you are asking about.
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