The faith and patience which PTOI's investors continue to have even through all of the insider misrepresentations and fraud is commendable. It's the stuff that fairy tales are made of and is shared by penny stock investors over scores of penny stocks. Unfortunately, the ending rarely ends up as a fairy tale even though every penny stock investor thinks their stock is the real deal.

PTOI's investors don't even know PTOI's value proposition--that's kept secret by Mr. Heddle so investors must use their optimism to decide that what comes out of the processor is worth more than what, correspondingly, goes in. PTOI's investors also aren't told why, after over eight years, nobody wants to buy a processor nor why PTOI itself doesn't want to run the processor.

In the three and a half years since the processor piping suffered freeze damage, Mr. Heddle raised equity financing, sold debt and otherwise racked up expenses to the tune of $17M...yet refused to put a dime toward fixing the pipes. Although Mr. Heddle did say the damage was fixed in mid 2014...but then reverted to saying the damage wasn't fixed. Since the recurring story is that the processors are still damaged, I'm assuming that's the correct version of his story to use.