Looks like another 90 day extension. It's remarka
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Posted On: 01/26/2017 11:43:13 PM
Looks like another 90 day extension. It's remarkable how, since 2009, the delays have almost always been for exactly one quarter at a time.
Mr. Heddle, I'm certain you read these boards. You did the 90-day delay thing all throughout 2015 with your sale of 30+ units to EcoNav and the two anonymous customers, except for one delay where you moved it to 120 days. You should mix it up again so investors don't get suspicious.
For investors, keep in mind that with operations cut to zero, PTOI has very few expenses. Basically Mr. Heddle's salary and the mortgage plus real estate taxes on the property. For the millions Mr. Heddle lent to PTOI at 12%...take an educated guess where most of that money went. But don't cry for the money Mr. Heddle actually spent on the property--he's trying to sell that now so he can continue to pay for the remaining company expense...plus Mr. Heddle has another $600k others lent to PTOI so he can use that for his own salary as well.
It's getting long in the tooth for investors to sue for Mr. Heddle withholding material information, but Mr. Heddle does have some money. Mr. Heddle represented in late 2013 that production was on the upswing...and let investors think that for six months before he announced the plant had been broken for six months. For the 8-k's filed in the interim while investors thought full production was occurring...not a peep was mentioned about the plant being out of commission. Investors have the option of suing Mr. Heddle to try to recover some of their losses.
Mr. Heddle, I'm certain you read these boards. You did the 90-day delay thing all throughout 2015 with your sale of 30+ units to EcoNav and the two anonymous customers, except for one delay where you moved it to 120 days. You should mix it up again so investors don't get suspicious.
For investors, keep in mind that with operations cut to zero, PTOI has very few expenses. Basically Mr. Heddle's salary and the mortgage plus real estate taxes on the property. For the millions Mr. Heddle lent to PTOI at 12%...take an educated guess where most of that money went. But don't cry for the money Mr. Heddle actually spent on the property--he's trying to sell that now so he can continue to pay for the remaining company expense...plus Mr. Heddle has another $600k others lent to PTOI so he can use that for his own salary as well.
It's getting long in the tooth for investors to sue for Mr. Heddle withholding material information, but Mr. Heddle does have some money. Mr. Heddle represented in late 2013 that production was on the upswing...and let investors think that for six months before he announced the plant had been broken for six months. For the 8-k's filed in the interim while investors thought full production was occurring...not a peep was mentioned about the plant being out of commission. Investors have the option of suing Mr. Heddle to try to recover some of their losses.
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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.