(Total Views: 282)
Posted On: 07/15/2019 7:18:39 PM
Post# of 43065
Maybe I'm mis-remembering, but does anyone remember that PTOI announced that it had received a loan from the directors which would be used to fix the processors' freeze damaged piping so the processors could be run??
It would seem to me that either the pipes should now be fixed but since they're not, that the CEO should have announced the reason why that money tragically disappeared thus rendering the repairs impossible. Am I off base??
For reference, $200k from Mr. Heddle's estimated $175k to $200k for repairs could buy around nine miles of 2" schedule 40 steel piping at retail prices. I understand there's an hourly wage for the pipe fitters as well but maybe he could pay a pipe fitter $100k Canadian to work on it for a year and buy nine kilometers of pipe.
His $200k estimate is way over the top.
Yet of the money "infused" into PTOI, including $500k property sales, I think another $500k ironic fraud settlement, "$millions loaned" by the CEO, more from directors, Mr. Heddle still just can't find $200k to carve out. Does anyone suspect that Mr. Heddle knows the 'technology' is worthless?? I think that's a fair assumption since all money disappears into SG&A instead of repairs...and since the CEO is the only employee, it's a fair assumption that he's paying himself that money. I don't think he's so stupid to pay someone else for years without any results.
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It would seem to me that either the pipes should now be fixed but since they're not, that the CEO should have announced the reason why that money tragically disappeared thus rendering the repairs impossible. Am I off base??
For reference, $200k from Mr. Heddle's estimated $175k to $200k for repairs could buy around nine miles of 2" schedule 40 steel piping at retail prices. I understand there's an hourly wage for the pipe fitters as well but maybe he could pay a pipe fitter $100k Canadian to work on it for a year and buy nine kilometers of pipe.
His $200k estimate is way over the top.
Yet of the money "infused" into PTOI, including $500k property sales, I think another $500k ironic fraud settlement, "$millions loaned" by the CEO, more from directors, Mr. Heddle still just can't find $200k to carve out. Does anyone suspect that Mr. Heddle knows the 'technology' is worthless?? I think that's a fair assumption since all money disappears into SG&A instead of repairs...and since the CEO is the only employee, it's a fair assumption that he's paying himself that money. I don't think he's so stupid to pay someone else for years without any results.
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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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