(Total Views: 320)
Posted On: 04/21/2018 1:38:15 PM
Post# of 43066
I'll have to say, I thought Mr. Heddle would have made the $1.5M down payment happen to keep the story alive for at least the next 26 months. Actually I think it's 28 months minimum--eight months for delivery, two months for a "certificate of functionality," then another eighteen months for the final $2.5M payment if everything works out. Not including any extensions, those deadlines would extend to August, 2020.
Mr. Heddle could have loaned Veridisyn the $1.5M but have kept control of the money at PTOI and then could have paid himself that money. That way the story would be alive and shareholders would be thrilled while Mr. Heddle's net cost would be $0.
It's possible that Mr. Heddle doesn't think he can squeeze any more money out of current shareholders so he may not care anymore.
Mr. Heddle could have loaned Veridisyn the $1.5M but have kept control of the money at PTOI and then could have paid himself that money. That way the story would be alive and shareholders would be thrilled while Mr. Heddle's net cost would be $0.
It's possible that Mr. Heddle doesn't think he can squeeze any more money out of current shareholders so he may not care anymore.
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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.
