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Posted On: 12/17/2019 8:17:54 PM
Post# of 43065
Re: Commando911 #41790
There are many, many ways that Mr. Heddle can compensate himself or his business out of PTOI's funds. Salary is only one way. He has complete autonomy to spend investors' money however he sees fit.
There's no way Mr. Heddle just frittered away the money which he loaned to the company, to pay other people. If he believed in the technology, he would have spent the money to fix the processor pipes. If he doesn't believe in it, it's certainly easy to see that he didn't dump all of that money on useless SG&A expenses unless those SG&A expenses benefited him personally.
It's extremely likely that almost all the money which came into PTOI, like the fraud insurance settlement, the property sale, BOD loans, etc... went to benefit Mr. Heddle. Of course we have no ability to see PTOI's ledger to see exactly where the money went.
And certainly you're 100% right--the money loaned by the two BOD members specifically to fix the processor and PRed to shareholders as being earmarked to fix the processor...should have actually gone to fix the processor rather than wherever it went instead.
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There's no way Mr. Heddle just frittered away the money which he loaned to the company, to pay other people. If he believed in the technology, he would have spent the money to fix the processor pipes. If he doesn't believe in it, it's certainly easy to see that he didn't dump all of that money on useless SG&A expenses unless those SG&A expenses benefited him personally.
It's extremely likely that almost all the money which came into PTOI, like the fraud insurance settlement, the property sale, BOD loans, etc... went to benefit Mr. Heddle. Of course we have no ability to see PTOI's ledger to see exactly where the money went.
And certainly you're 100% right--the money loaned by the two BOD members specifically to fix the processor and PRed to shareholders as being earmarked to fix the processor...should have actually gone to fix the processor rather than wherever it went instead.
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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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