Possibly. Although anybody with common low level
Post# of 43066
Posted On: 11/26/2014 10:33:31 AM
Possibly. Although anybody with common low level business sense realizes using personal debt to fund business debt is considered one of the worst ideas possible.
Do you feel Richard Heddle thinks this is a sound business practice knowing that if John Bordynuik had to declare personal bankruptcy the trustee could certainly look to claw back any funds siphoned off to support the company instead of paying his obligations ?
And then there is always the thought of how he is paying the personal debt you assigned to this situation when he is differing salary. That seems a ripe scenario for personal bankruptcy.
More so, is Richard Heddle not having the success obtaining financing that he would allow John Bordynuik to acquire vast personal debt 'up the wazzoo' ( as you put it) ? Does Heddle truly believe this is the best option ?
Or is there a real problem now obtaining legitimate financing that Heddle's only option is to let John Bordynuik sink 'up to the wazoo' in debt ( as you put it) ?
Do you think he could be using the proceeds from the 850,000 shares he sold into the market last year instead ?
Or possibly be selling more to get finances since he is apparently differing salary ?
It would be hard to figure he would actually have any debt as you suggest with the proceeds from that kind of transaction.
Do you feel Richard Heddle thinks this is a sound business practice knowing that if John Bordynuik had to declare personal bankruptcy the trustee could certainly look to claw back any funds siphoned off to support the company instead of paying his obligations ?
And then there is always the thought of how he is paying the personal debt you assigned to this situation when he is differing salary. That seems a ripe scenario for personal bankruptcy.
More so, is Richard Heddle not having the success obtaining financing that he would allow John Bordynuik to acquire vast personal debt 'up the wazzoo' ( as you put it) ? Does Heddle truly believe this is the best option ?
Or is there a real problem now obtaining legitimate financing that Heddle's only option is to let John Bordynuik sink 'up to the wazoo' in debt ( as you put it) ?
Do you think he could be using the proceeds from the 850,000 shares he sold into the market last year instead ?
Or possibly be selling more to get finances since he is apparently differing salary ?
It would be hard to figure he would actually have any debt as you suggest with the proceeds from that kind of transaction.
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