"That's $4.5 MILLION siphoned off in SG&A, just in
Post# of 43064
Posted On: 08/25/2015 2:49:14 PM
Re: 3.14159265359 #21666
"That's $4.5 MILLION siphoned off in SG&A, just in the 12 months accounted for."
That SG&A certainly didn't have a significant portion of 'selling'...and the money Mr. Heddle pays himself would be in G&A.
For the source of money, PTOI's financial's show that Mr. Heddle loaned the money to PTOI...for which an undisclosed amount went to pay himself. That amount Mr. Heddle pays himself could realistically be substantially all of what Mr. Heddle loaned to PTOI, at least in 2015. I can't imagine Mr. Heddle would allow his money to evaporate by being paid to support an idle plant, but Mr. Heddle would certainly be indifferent to paying himself with his own loaned money while the debt owed by PTOI to himself piles up.
That SG&A certainly didn't have a significant portion of 'selling'...and the money Mr. Heddle pays himself would be in G&A.
For the source of money, PTOI's financial's show that Mr. Heddle loaned the money to PTOI...for which an undisclosed amount went to pay himself. That amount Mr. Heddle pays himself could realistically be substantially all of what Mr. Heddle loaned to PTOI, at least in 2015. I can't imagine Mr. Heddle would allow his money to evaporate by being paid to support an idle plant, but Mr. Heddle would certainly be indifferent to paying himself with his own loaned money while the debt owed by PTOI to himself piles up.
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(0)Plastic2Oil, Inc. (PTOI) Stock Research Links
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