I prefer to stick with the detailed facts as we kn
Post# of 43066
Posted On: 12/02/2014 10:21:04 AM
I prefer to stick with the detailed facts as we know them provided by Richard Heddle and the company filings.
It is the standard for describing situations as opposed to blanket statements containing zero detail.
And those facts are:
Richard Heddle , the individual, has a horrible track record with his personal investment in PTOI ( he admitted so in the most recent 8K).
He has experienced a staggering 90%+ losses for buying shares in this company.
Richard Heddle made it perfectly clear in the recent 8K all his bad investments in a penny stock are taking it's toll since it is correlated to disastrous share price under his leadership
:
His 'exposure' and 'net worth' are taking a tremendous beating based on his own statement.
By all accounts the facts show he has depleted his *risk tolerance* for investing in PTOI , is experiencing a severe hit to his net worth , has made incredibly bad investments in a penny stock, and has drastically over extending himself to keep PTOI's doors open desperately trying to recoup any of the money from these horrible decisions.
So he has taken to raiding his maritime company, Heddle Marine Inc , coffers to make sure the nearly $500,000 short term personal loans he made this past year to PTOI get repaid first and foremost with the financing you are asking about.
It is the standard for describing situations as opposed to blanket statements containing zero detail.
And those facts are:
Richard Heddle , the individual, has a horrible track record with his personal investment in PTOI ( he admitted so in the most recent 8K).
He has experienced a staggering 90%+ losses for buying shares in this company.
Richard Heddle made it perfectly clear in the recent 8K all his bad investments in a penny stock are taking it's toll since it is correlated to disastrous share price under his leadership
:
Quote:
....my personal wellbeing and net worth are every bit as exposed to the fluctuations in our stock price as are other common stockholders....
His 'exposure' and 'net worth' are taking a tremendous beating based on his own statement.
By all accounts the facts show he has depleted his *risk tolerance* for investing in PTOI , is experiencing a severe hit to his net worth , has made incredibly bad investments in a penny stock, and has drastically over extending himself to keep PTOI's doors open desperately trying to recoup any of the money from these horrible decisions.
So he has taken to raiding his maritime company, Heddle Marine Inc , coffers to make sure the nearly $500,000 short term personal loans he made this past year to PTOI get repaid first and foremost with the financing you are asking about.
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