I completely agree that Mr. Heddle probably though
Post# of 43064
Posted On: 06/13/2014 1:12:40 PM
Re: HeptoCloud #9306
I completely agree that Mr. Heddle probably thought the 'technology' was much further along than it was. Almost everyone believed that. Mr. Bordynuik was very clear to investors that he was able to make a product at a cost of under $10/bbl for which he had offers to buy for WTI-$3, which was about $70/bbl at that time. It seems unlikely that Mr. Bordynuik would have confided in Mr. Heddle that he currently didn't have any basis for those numbers but hoped to tinkerfark his way there over several years.
However since becoming CEO, Mr. Heddle doesn't seem to be being straight with investors. Promising mid-quarter updates and transparency while not disclosing that the plant broke for six months doesn't bode well.
If the company wasn't on communications lockdown, it would be useful to ask what obstacles besides fixing the condensers still stand in the way of profitable full production of the processors...and to ask what evidence they have that the process can transform some material into something of a higher value. That information should be in a message which the company should be clamoring to dispense to investors far and wide. Instead they're hiding under a rock and avoiding the questions. There's only one reason I can fathom for hiding that information.
However since becoming CEO, Mr. Heddle doesn't seem to be being straight with investors. Promising mid-quarter updates and transparency while not disclosing that the plant broke for six months doesn't bode well.
If the company wasn't on communications lockdown, it would be useful to ask what obstacles besides fixing the condensers still stand in the way of profitable full production of the processors...and to ask what evidence they have that the process can transform some material into something of a higher value. That information should be in a message which the company should be clamoring to dispense to investors far and wide. Instead they're hiding under a rock and avoiding the questions. There's only one reason I can fathom for hiding that information.
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