Posted On: 08/26/2015 9:54:24 AM
Post# of 43066
Re: PaperProphet #21683
Heddle will simply restate what he has been saying - that he doesn't have the money to fix the processors, so they will continue to remain idle until some time in 2016. At least I think that is the most likely option.
Heddle could also just say that he's in the process of raising additional financing, and not say anything more. He would be leaving it to investors to imagine that he'll use that money to fix the processors and complete pilot testing. Any new money entering the company would likely vanish via SG&A, just as has every single penny to date under Heddle's management.
Another option, would be some version of what you suggest, but that angle has been a total dud. The market didn't buy his fairytale about selling six processors to a EcoNavigation back in Jan 2015. Heddle can't believe that anything more he says about it will attract new money. Not after he's admitted that the plant and processors have been sitting idle for two years, and that he had siphoned every penny he loaned to the company through SG&A.
Or, Heddle could just wind things down if there's no more money to be had. It is looking like there's no more money for him to take out of the pot, and it appears he's having trouble finding new suckers.
Heddle could also just say that he's in the process of raising additional financing, and not say anything more. He would be leaving it to investors to imagine that he'll use that money to fix the processors and complete pilot testing. Any new money entering the company would likely vanish via SG&A, just as has every single penny to date under Heddle's management.
Another option, would be some version of what you suggest, but that angle has been a total dud. The market didn't buy his fairytale about selling six processors to a EcoNavigation back in Jan 2015. Heddle can't believe that anything more he says about it will attract new money. Not after he's admitted that the plant and processors have been sitting idle for two years, and that he had siphoned every penny he loaned to the company through SG&A.
Or, Heddle could just wind things down if there's no more money to be had. It is looking like there's no more money for him to take out of the pot, and it appears he's having trouble finding new suckers.
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