"Last I heard, those responsibilities were Heddles
Post# of 43064
As far as I know, Mr. Heddle has to take Mr. Bordynuik's word for what's going on with P2O. While Mr. Bordynuik previously controlled the information as CEO, he stepped down to "chief of technology" where he still is the gatekeeper for the progress (or lack thereof) of P2O.
Sure Mr. Heddle shares blame for not informing shareholders--one would think he would have figured out that the plant was broke at some point...but Mr. Heddle seems woefully ignorant.
It's certainly better for JBI to blame Mr. Heddle...that way they can fire him and start 'fresh' with new CEO, giving investors the impression of a clean slate. That CEO cycling has been done a few times now.
On a macro level, the penny stocks I've seen routinely cycle CEOs, plans and directions, the company name, the underlying 'business' or whatever they can to keep the company looking new. Once everything else fails, they sell controlling interest to someone else, buy controlling interest in a new shell stock which someone else discarded, do a few reverse splits and add shares to eliminate past bag holders, and start fresh. There's literally no end.