"...selective amnesia." It's absolutely pervasi
Post# of 43064
Posted On: 03/17/2015 10:00:18 PM
"...selective amnesia."
It's absolutely pervasive. Everything bad mentioned about the company is challenged, challenged and challenged again. It's extremely lopsided. The company, with all the actual details about its own status, sits quietly and gets a pass on everything. Anything bad that comes to light is minimized and challenged. Fraud, which makes normal investors shudder, gets poo pooed. Fraud! Normally an investors' worst nightmare becomes "just a parking ticket for an accounting error which was settled out of court twice so it wasn't really fraud."
And Mr. Heddle is following Mr. Bordynuik's lead like a duckling following a mother duck. Mr. Heddle sat on his hands for six months while the plant was broken, content to let investors believe production was instead ramping up.
Even in the 8-K's filed while the plant was kaput...
"On January 3, 2014, the management of JBI, Inc. (the “Company”) announced to the employees of its production facility in Niagara Falls, New York its plan to reduce its workforce by twelve employees (representing approximately one-third of its workforce) in an effort to further reduce operating expenses and extend its cash position. The reduction plan was effective immediately and only included non-core function employees who were not primarily engaged in fuel production or processor sales. This reduction is part of the Company’s previously disclosed plans to continue to aggressively monitor and reduce operating costs. The Company expects to reduce overall weekly payroll expense by approximately $17,500 through these measures, as well as through temporary pay reductions of select key employees. The Company does not expect it will incur any material charges as a result of this reduction."
What a wonderful time it would have been to announce that the plant was down and that all the progress in prior years leading up to that came to an immediate halt. But instead Mr. Heddle stood their with his hands in his pockets whistling nonchalantly...and that was after promising transparency and mid-quarter updates which somehow didn't happen while the plant was down.
Mr. Heddle is almost as dishonest as Mr. Bordynuik...and investors trust him when he states he's "confident" that EcoNav will come through??!! I can tell you EcoNav will never result in a real sale other than maybe scrap...or the continued funny business for which PTOI is known. Mr. Bordynuik and Mr. Heddle are peas in a pod and that's why Mr. Heddle is now regaling investors with stories and carrots as Mr. Bordynuik jumped off to enjoy the wealth that investors bestowed upon him.
It's absolutely pervasive. Everything bad mentioned about the company is challenged, challenged and challenged again. It's extremely lopsided. The company, with all the actual details about its own status, sits quietly and gets a pass on everything. Anything bad that comes to light is minimized and challenged. Fraud, which makes normal investors shudder, gets poo pooed. Fraud! Normally an investors' worst nightmare becomes "just a parking ticket for an accounting error which was settled out of court twice so it wasn't really fraud."
And Mr. Heddle is following Mr. Bordynuik's lead like a duckling following a mother duck. Mr. Heddle sat on his hands for six months while the plant was broken, content to let investors believe production was instead ramping up.
Even in the 8-K's filed while the plant was kaput...
"On January 3, 2014, the management of JBI, Inc. (the “Company”) announced to the employees of its production facility in Niagara Falls, New York its plan to reduce its workforce by twelve employees (representing approximately one-third of its workforce) in an effort to further reduce operating expenses and extend its cash position. The reduction plan was effective immediately and only included non-core function employees who were not primarily engaged in fuel production or processor sales. This reduction is part of the Company’s previously disclosed plans to continue to aggressively monitor and reduce operating costs. The Company expects to reduce overall weekly payroll expense by approximately $17,500 through these measures, as well as through temporary pay reductions of select key employees. The Company does not expect it will incur any material charges as a result of this reduction."
What a wonderful time it would have been to announce that the plant was down and that all the progress in prior years leading up to that came to an immediate halt. But instead Mr. Heddle stood their with his hands in his pockets whistling nonchalantly...and that was after promising transparency and mid-quarter updates which somehow didn't happen while the plant was down.
Mr. Heddle is almost as dishonest as Mr. Bordynuik...and investors trust him when he states he's "confident" that EcoNav will come through??!! I can tell you EcoNav will never result in a real sale other than maybe scrap...or the continued funny business for which PTOI is known. Mr. Bordynuik and Mr. Heddle are peas in a pod and that's why Mr. Heddle is now regaling investors with stories and carrots as Mr. Bordynuik jumped off to enjoy the wealth that investors bestowed upon him.
(0)
(0)Plastic2Oil, Inc. (PTOI) Stock Research Links
Yes, I understand your penny stock also is the real deal, created with the inventiveness of Edison and destined to be the next Microsoft. Yes, I understand that the delays are also only because your company is making their product and/or technology even more revolutionary.
Scroll down for more posts ▼