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  4. Plastic2Oil, Inc. (PTOI) Message Board

I prefer to converse about the company and it's op

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Post# of 43066
Posted On: 11/29/2014 12:52:56 PM
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Posted By: hammchuck
Re: Golfgod #16244
I prefer to converse about the company and it's operations only and leave commentary of a personal nature off this board since it is against the rules of this site.

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That being said, 'debt up the wazoo' brings up an interesting but confusing viewpoint.

Do you feel it is a sound business practice for Richard Heddle to let John Bordynuik take on personal ' debt up the wazzoo'(as you framed it ) in order for the company to continue operations as compared to legitimate financing for long term operations ?

Or do you think Richard Heddle has no choice but to drive John Bordynuik into 'debt up the wazzoo' ( as you framed it ) because no entity will supply enough legitimate financing for long term operations anymore ?

Quote:
Maybe he is in debt up to his wazzoo? John has most likely put up everything he owns in order for this to succeed.






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