Posted on another board, a cut-and-paste from an a
Post# of 43066
Posted On: 09/30/2016 10:20:56 AM
Posted on another board, a cut-and-paste from an algorithmic analysis from a site called Macroaxis:
"Based on latest financial disclosure Plastic2Oil Inc has Probability Of Bankruptcy of 83%. This is much higher than that of the sector, and significantly higher than that of Probability Of Bankruptcy industry, The Probability Of Bankruptcy for all stocks is over 1000% lower than the firm."
This is why algorithms should be taken with a grain of salt. Mr. Heddle has complete autonomy over PTOI. He can change the structure of PTOI at his whim, he can sell assets as he wishes and deploy that money as he wishes...even if that's to pay himself through compensation or through repayment/interest of his own loan. Mr. Heddle has no use for a bankruptcy process. Bankruptcy is very unlikely.
The recent $200k received from others has a five year term and even after that and if those people figure out how to proceed, probably will only result in them suing for non-payment.
Not saying that bankruptcy can't happen at all. Maybe it would if Mr. Heddle decides to load PTOI up with debt and simply walks away...or even appoints a *lucky* shareholder as the new CEO and board of director. I've seen that done at other scams. Others might complain that doing so wouldn't be protocol but nobody would stop him. Maybe new creditors would push PTOI into bankruptcy...but bankruptcy is unlikely in the foreseeable future.
There are certainly worries which shareholders should have...but bankruptcy probably shouldn't be very high on that list.
"Based on latest financial disclosure Plastic2Oil Inc has Probability Of Bankruptcy of 83%. This is much higher than that of the sector, and significantly higher than that of Probability Of Bankruptcy industry, The Probability Of Bankruptcy for all stocks is over 1000% lower than the firm."
This is why algorithms should be taken with a grain of salt. Mr. Heddle has complete autonomy over PTOI. He can change the structure of PTOI at his whim, he can sell assets as he wishes and deploy that money as he wishes...even if that's to pay himself through compensation or through repayment/interest of his own loan. Mr. Heddle has no use for a bankruptcy process. Bankruptcy is very unlikely.
The recent $200k received from others has a five year term and even after that and if those people figure out how to proceed, probably will only result in them suing for non-payment.
Not saying that bankruptcy can't happen at all. Maybe it would if Mr. Heddle decides to load PTOI up with debt and simply walks away...or even appoints a *lucky* shareholder as the new CEO and board of director. I've seen that done at other scams. Others might complain that doing so wouldn't be protocol but nobody would stop him. Maybe new creditors would push PTOI into bankruptcy...but bankruptcy is unlikely in the foreseeable future.
There are certainly worries which shareholders should have...but bankruptcy probably shouldn't be very high on that list.
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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.