"Heddle hasn't paid himself a nickel and you know
Post# of 43064
Sure. Millions keep walking out the door and Mr. Heddle supposedly never sees a dime directly nor indirectly--he's just happy to oversee PTOI's coffers being drained to other people with zero results. The money didn't go for research. 'Selling' was left up to EcoNav in 2015-16 and is now evidently curtailed. Property and equipment is being sold off, not purchased. How expensive is it to 'run' a shuttered plant??
That's the same far-fetched argument 4kids gave me about the headquarters sale. The sales price was $510k (CAD), the mortgage was $200k...yet supposedly all of the money went to the mortgage, real estate taxes and closing costs with $0 left over and I was lying for suggesting otherwise.
PTOI's accumulated deficit increased $20M since Mr. Heddle took over. Sure some was for depreciation but what about the cash/loans?? Where did all the cash go??