Absolutely. Mr. Heddle 'loaned' PTOI millions of dollars which could have been used to fix the processors but disappeared into SG&A...of which his own compensation was likely the vast bulk. Along with property sales, additional loans from a director and, ironically, a fraud settlement which was paid to the company which perpetrated the fraud, there would have been plenty of money to fix those freeze damaged pipes. If Mr. Heddle had any intention of fixing the processors, he could easily have done so.

Even the $250k from the two directors announced in the third quarter had vanished by the end of the third quarter. One would assume the cash would have been earmarked for fixing the processors and would have remained on the books...but it didn't.

I'm only mildly shocked that shareholders aren't concerned. They should be irate but anger at PTOI has never materialized in the past and I don't expect it ever will. Those phantom short sellers on the other hand...venom everywhere.