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Posted On: 07/25/2017 3:56:50 PM
Post# of 43065
"Only problem with that scenario, is that they would be bankrupt by then."
Bankruptcy likely isn't in the cards for PTOI. CEO Mr. Heddle is the creditor with claim on all of PTOI's assets. He doesn't need to have a bankruptcy court appoint a debtor-in-possession to manage PTOI and sell off non-performing assets--he already has complete control and, not surprisingly, is already selling off assets.
In just over four years when the $600k loaned to PTOI by other investors comes due, it might be a different story...but by that time I doubt they'll find it worth their time to take PTOI through bankruptcy court.
Bankruptcy likely isn't in the cards for PTOI. CEO Mr. Heddle is the creditor with claim on all of PTOI's assets. He doesn't need to have a bankruptcy court appoint a debtor-in-possession to manage PTOI and sell off non-performing assets--he already has complete control and, not surprisingly, is already selling off assets.
In just over four years when the $600k loaned to PTOI by other investors comes due, it might be a different story...but by that time I doubt they'll find it worth their time to take PTOI through bankruptcy court.
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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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