"I still have to believe that the CEO (who also ow
Post# of 43064
Posted On: 08/25/2015 12:06:31 PM
Quote:
"I still have to believe that the CEO (who also owns and operates a very successful company) would not be investing his own cash to keep this rolling if he did not believe PTOI was going to be a huge success."
Sadly, this investor still isn't following the bouncing ball.
From p.4 of the 10Q: http://www.sec.gov/Archives/edgar/data/138110...rm10-q.htm
$1,792,628.00 in SG&A for the six months ended June 30, 2015, and $2,698,853.00 in SG&A for the six months ended June 30, 2014.
That's $4.5 MILLION siphoned off in SG&A, just in the 12 months accounted for. All during the time that Heddle says the plant was completely idle.
Heddle says that wasn't enough to repair the processors, or to execute his plan.
What does this investor think Heddle actually did with all that money, which exceeds the loans he's made to the company?
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