Posted On: 08/11/2015 10:32:31 AM
Post# of 43068
" As you know, on January 2, 2015, we announced that we had contracted to sell up to six processors to EcoNavigation LLC upon the completion of a pilot study. "
http://www.plastic2oil.com/site/news-releases...ve-officer
But now, Heddle says he doesn't have the money to complete repairs of the processors, and that they and the plant have been sitting idle for two years.
If repair of the processors are necessary to complete the pilot study and selling six processors, thus launching P2O to the moon, why didn't Heddle use the money to fix them.?
Why instead did he spend $4.5 MILLION dollars in SG&A, just in the first six months of this year and 2014, while letting the plant and processors sit idle?
$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
http://www.plastic2oil.com/site/news-releases...ve-officer
But now, Heddle says he doesn't have the money to complete repairs of the processors, and that they and the plant have been sitting idle for two years.
If repair of the processors are necessary to complete the pilot study and selling six processors, thus launching P2O to the moon, why didn't Heddle use the money to fix them.?
Why instead did he spend $4.5 MILLION dollars in SG&A, just in the first six months of this year and 2014, while letting the plant and processors sit idle?
$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
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