Posted On: 02/17/2016 1:14:18 PM
Post# of 43065
It has now been over two and a half years since the current CEO, Mr. Heddle, took over. As Mr. Heddle took over, he changed the business plan again, this time to pursue licensing and sales. Yet in two and a half years, nothing. PTOI sat on its hands for all of 2015 telling investors a brand new LLC called EcoNavigation LLC (with no identifiable assets) was going to purchase six processors for $15M. EcoNav then supposedly found two other customers willing to buy over thirty more processors at $2.5M each.
So Mr. Heddle kept extending the time line for the pilot run testing because apparently none of these potential customers even want to take the time to test the processor. It has been over a year and now Mr. Heddle isn't even disclosing the status of the pilot run...not even to say he extended the time line yet again.
Do you think PTOI owes investors an update as to what the current hurdle is for those processor sales and when Mr. Heddle expects that hurdle to be overcome?? Why do you think Mr. Heddle remains silent??
It's not secret colluding entities which are working to keep the share price down nor secret colluding entities who are working to hide the real short numbers. PTOI hasn't produced a single result in its seven year history...just like PTOI founder Mr. Bordynuik's previous shell, Expedite2.
Mr. Bordynuik and Mr. Heddle have done nothing to earn anyone's trust and, in fact, they've done everything to show investors that they're highly dishonest and that you shouldn't trust them at all! Investors aren't dealing with reputable people in PTOI--they took investors' money and left investors hanging out to dry. The claim of $10/bbl with offers to buy for WTI-$3 was straight up fraud. You investors have been swindled.
So Mr. Heddle kept extending the time line for the pilot run testing because apparently none of these potential customers even want to take the time to test the processor. It has been over a year and now Mr. Heddle isn't even disclosing the status of the pilot run...not even to say he extended the time line yet again.
Do you think PTOI owes investors an update as to what the current hurdle is for those processor sales and when Mr. Heddle expects that hurdle to be overcome?? Why do you think Mr. Heddle remains silent??
It's not secret colluding entities which are working to keep the share price down nor secret colluding entities who are working to hide the real short numbers. PTOI hasn't produced a single result in its seven year history...just like PTOI founder Mr. Bordynuik's previous shell, Expedite2.
Mr. Bordynuik and Mr. Heddle have done nothing to earn anyone's trust and, in fact, they've done everything to show investors that they're highly dishonest and that you shouldn't trust them at all! Investors aren't dealing with reputable people in PTOI--they took investors' money and left investors hanging out to dry. The claim of $10/bbl with offers to buy for WTI-$3 was straight up fraud. You investors have been swindled.
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Yes, I understand your penny stock also is the real deal, created with the inventiveness of Edison and destined to be the next Microsoft. Yes, I understand that the delays are also only because your company is making their product and/or technology even more revolutionary.
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