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Posted On: 08/21/2017 1:02:10 PM
Post# of 43065
I think it would be hard to argue that PTOI's early 2015 deal with EcoNav wasn't a sham agreement. Anyone doing a Google search could see that EcoNav was new LLC with no identifiable assets. I'm certain any discovery would show that EcoNav couldn't deliver.
Keep in mind that CEO Mr. Heddle might have assets through his Heddle Marine--if you owned PTOI when Mr. Heddle announced the EcoNav deal or through his withholding information about the plant being out of commission for six months, it would not be ridiculous to start a class action suit to try to recover some of your money.
I suspect the CEO has started being a bit more cautious over the past year and a half. He could have announced PTOI's MOU with the anonymous company was turned into a contract without ever having to deliver results...but he also might realize a second sham agreement might be pushing it. Either way, I think investors would have a strong case against Mr. Heddle.
Keep in mind that CEO Mr. Heddle might have assets through his Heddle Marine--if you owned PTOI when Mr. Heddle announced the EcoNav deal or through his withholding information about the plant being out of commission for six months, it would not be ridiculous to start a class action suit to try to recover some of your money.
I suspect the CEO has started being a bit more cautious over the past year and a half. He could have announced PTOI's MOU with the anonymous company was turned into a contract without ever having to deliver results...but he also might realize a second sham agreement might be pushing it. Either way, I think investors would have a strong case against Mr. Heddle.
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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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