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Posted On: 12/26/2017 9:28:28 AM
Post# of 43065
Sure. I'll answer what I can but since my last post to you was deleted, I suspect the moderator doesn't think you can handle my answers. Obviously it was later restored by admin otherwise you wouldn't be answering. To the extent that you get to my posts before the moderator gets to them in her misguided fight against opinions she doesn't like, I can give you an answer.
As far as the end game, as I said, keeping PTOI alive also keeps the options open. Mr. Heddle did get $1.5M from debt, insurance settlement for PTOI's fraud and sales of property since mid 2016 and money going into PTOI mostly disappears in SG&A--you can guess that since the plant is shuttered, that SG&A is primarily Mr. Heddle's own salary. Issuing more debt, potentially issuing more equity, selling off any remaining assets...keeping PTOI alive can bring in more cash than stepping down and letting PTOI shrivel away. The end game for Mr. Heddle is to keep the PTOI scam story alive as long as possible.
As far as the NY property, that can be sold and Mr. Heddle can pocket the proceeds. It's supposedly ready to go with the exception of some freeze damage. Now Mr. Heddle is telling shareholders a new LLC will start from scratch but pay PTOI upfront. Even if Mr. Curtis does find new unwitting investors to rip off, it won't benefit PTOI's shareholders.
Re: Simple math...PTOI needs to show it can produce any return by pyrolyzing free, delivered plastic first...then it can worry about paying for transportation costs. Fair point about Alabama...but does another state have better 'waste' plastic than New York??
As far as the end game, as I said, keeping PTOI alive also keeps the options open. Mr. Heddle did get $1.5M from debt, insurance settlement for PTOI's fraud and sales of property since mid 2016 and money going into PTOI mostly disappears in SG&A--you can guess that since the plant is shuttered, that SG&A is primarily Mr. Heddle's own salary. Issuing more debt, potentially issuing more equity, selling off any remaining assets...keeping PTOI alive can bring in more cash than stepping down and letting PTOI shrivel away. The end game for Mr. Heddle is to keep the PTOI scam story alive as long as possible.
As far as the NY property, that can be sold and Mr. Heddle can pocket the proceeds. It's supposedly ready to go with the exception of some freeze damage. Now Mr. Heddle is telling shareholders a new LLC will start from scratch but pay PTOI upfront. Even if Mr. Curtis does find new unwitting investors to rip off, it won't benefit PTOI's shareholders.
Re: Simple math...PTOI needs to show it can produce any return by pyrolyzing free, delivered plastic first...then it can worry about paying for transportation costs. Fair point about Alabama...but does another state have better 'waste' plastic than New York??
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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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