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Posted On: 07/24/2017 8:46:53 AM
Post# of 43065
Today is the most recent deadline CEO Mr. Heddle set for himself for signing a "definitive agreement" with the anonymous party, the anonymous party which apparently signed a memorandum of understanding with PTOI a year ago.
Details on what exactly the MOU entailed are sparse. Mr. Heddle could announce that he signed the definitive agreement to give the illusion of progress...but trading volume is so low that it might not be worth his time. He might just want to sell PTOI's remaing assets for his own compensation and exit.
In this situation, former CEO and founder Mr. Bordynuik would simply never mention the deal again and just announce a new sham agreement. However Mr. Heddle's style seems to be to announce continuous delays to get investors to believe the ball is still up in the air on the current deal.
Details on what exactly the MOU entailed are sparse. Mr. Heddle could announce that he signed the definitive agreement to give the illusion of progress...but trading volume is so low that it might not be worth his time. He might just want to sell PTOI's remaing assets for his own compensation and exit.
In this situation, former CEO and founder Mr. Bordynuik would simply never mention the deal again and just announce a new sham agreement. However Mr. Heddle's style seems to be to announce continuous delays to get investors to believe the ball is still up in the air on the current deal.
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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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