(Total Views: 298)
Posted On: 06/20/2019 6:53:54 PM
Post# of 43065
"To what end, exactly? The typical MO for scam artists of public companies is to issue shares of a company with no viable underlying business foundation. until the shares run out, perform reverse splits, and do it all over again until there is no market left for those shares."
Equity is one way but if volume is low as it is in PTOI, there might not be much of an appetite for shares. The other way a scam company can get money is debt...but that requires finding unwary investors willing to loan money because no bank would loan a dime to PTOI.
Mr. Heddle has done well in selling property and collecting that fraud settlement money. He even got the directors to throw in money.
There's no downside for Mr. Heddle to keep PTOI 'running' as his cost to do so is low and every so often money finds its way into the company. If he were to shut it down, no more money will trickle in.
At some point investors will realize that eleven years and $80M without getting a single processor put into productive and useful service is a red flag.
Equity is one way but if volume is low as it is in PTOI, there might not be much of an appetite for shares. The other way a scam company can get money is debt...but that requires finding unwary investors willing to loan money because no bank would loan a dime to PTOI.
Mr. Heddle has done well in selling property and collecting that fraud settlement money. He even got the directors to throw in money.
There's no downside for Mr. Heddle to keep PTOI 'running' as his cost to do so is low and every so often money finds its way into the company. If he were to shut it down, no more money will trickle in.
At some point investors will realize that eleven years and $80M without getting a single processor put into productive and useful service is a red flag.
(0)
(0)
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.
Scroll down for more posts ▼