It's really hard to say just what the heck happen
Post# of 43064
Posted On: 08/03/2015 10:09:40 PM
It's really hard to say just what the heck happened here. There seem to exactly two diametrically opposed explanations.
The first is that Heddle is a complete moron, and was flimflammed by Bordynuik. He saw his making a $4M loan at only 12% interest as a safe and friendly way to save the company, with the vision of expanding his career into being a CEO of a public company that would go from pennies to dollars under his stewardship, making him a legendary hero.
The second is that Heddle is in on the scam himself, perhaps even the real brains behind it, and things aren't adding up because we're missing the necessary information to make sense of it. In this scenario, the loan money didn't actually come out of his pocket, and perhaps he already made tens of millions of dollars selling cheap or free PTOI shares at $7.00 during the peak of the pump. And now he's finally realizing his lifelong dream of retiring from the dirty and difficult ship repair business on the docks, to being the proprietor of a gentleman's sporting club. Clean country air and clean hands. We're just catching a glimpse of his endgame now.
Of course, the second scenario sounds more farfetched than the first. However, Heddle did appear to a willing conspirator in the fraudulent P2O Ship PR's used in 2009 and 2010 to illegally pump the share price. Could he really not have clued into what was going on, after being so directly involved with Bordynuik and P2O since 2009? And still be so clueless after all of that to make a multimillion dollar loan into Bordynuik's scam? Now, that would be even more farfetched.
I would love to know the truth, but I doubt we'll ever find that out unless some other insider decides to rat, and Heddle and Bordynuik get put on the stand in their criminal trials.
The first is that Heddle is a complete moron, and was flimflammed by Bordynuik. He saw his making a $4M loan at only 12% interest as a safe and friendly way to save the company, with the vision of expanding his career into being a CEO of a public company that would go from pennies to dollars under his stewardship, making him a legendary hero.
The second is that Heddle is in on the scam himself, perhaps even the real brains behind it, and things aren't adding up because we're missing the necessary information to make sense of it. In this scenario, the loan money didn't actually come out of his pocket, and perhaps he already made tens of millions of dollars selling cheap or free PTOI shares at $7.00 during the peak of the pump. And now he's finally realizing his lifelong dream of retiring from the dirty and difficult ship repair business on the docks, to being the proprietor of a gentleman's sporting club. Clean country air and clean hands. We're just catching a glimpse of his endgame now.
Of course, the second scenario sounds more farfetched than the first. However, Heddle did appear to a willing conspirator in the fraudulent P2O Ship PR's used in 2009 and 2010 to illegally pump the share price. Could he really not have clued into what was going on, after being so directly involved with Bordynuik and P2O since 2009? And still be so clueless after all of that to make a multimillion dollar loan into Bordynuik's scam? Now, that would be even more farfetched.
I would love to know the truth, but I doubt we'll ever find that out unless some other insider decides to rat, and Heddle and Bordynuik get put on the stand in their criminal trials.
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