Posted On: 08/10/2015 10:13:15 AM
Post# of 43065
Why put out a PR a year ago announcing the processors were repaired, and then state in the 10-Q that they've been sitting idle and broken since 2013?
I think waiki's question and this one get the same answer: Heddle still sees value in keeping the scam going and stringing along the investing public.
$1,792,628.00 in SG&A for the six months ended June 30, 2015, and $2,698,853.00 in SG&A for the six months ended June 30, 2014.
-4- http://www.sec.gov/Archives/edgar/data/138110...rm10-q.htm
That totals to $4.5 MILLION, ignoring the last six months of 2014. That's during the time that plant has been sitting idle, and while Heddle claims he doesn't have the money needed to execute his business plan.
Maybe Heddle made the loans for the show, and has extracted that, and more, right back into his pocket.
As long as he sees some chance for obtaining some type of death-spiral financing or finding more suckers to buy discounted shares, which would provide more funds for him to extract, he'll keep it going.
When that ends, and that might be soon, he'll shut 'er down.
I think waiki's question and this one get the same answer: Heddle still sees value in keeping the scam going and stringing along the investing public.
$1,792,628.00 in SG&A for the six months ended June 30, 2015, and $2,698,853.00 in SG&A for the six months ended June 30, 2014.
-4- http://www.sec.gov/Archives/edgar/data/138110...rm10-q.htm
That totals to $4.5 MILLION, ignoring the last six months of 2014. That's during the time that plant has been sitting idle, and while Heddle claims he doesn't have the money needed to execute his business plan.
Maybe Heddle made the loans for the show, and has extracted that, and more, right back into his pocket.
As long as he sees some chance for obtaining some type of death-spiral financing or finding more suckers to buy discounted shares, which would provide more funds for him to extract, he'll keep it going.
When that ends, and that might be soon, he'll shut 'er down.
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