It's a bit funny that the CEO upped the cost for f
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Posted On: 08/14/2017 8:57:01 AM
It's a bit funny that the CEO upped the cost for fixing the pipes from $200k to $500k with the excuse that he would also need to pay for start up costs...a new hefty expense he apparently only recently realized would be needed. He's also crying that the company can't find the financing for the repairs and startup.
...now $524k just happens to fall into his/PTOI's lap for an insurance settlement resulting from PTOI's own fraud against its investors...but not a mention that any part of that money will be used to fix the processors. Mr. Heddle didn't even put out an announcement that the company received the settlement money--only references buried in the 10Q.
Investors must see it odd by now that PTOI incurred costs of around $20,000,000 since the processor pipes suffered freeze damage almost four years ago...while the CEO hasn't put a single dime toward fixing the processors.
...now $524k just happens to fall into his/PTOI's lap for an insurance settlement resulting from PTOI's own fraud against its investors...but not a mention that any part of that money will be used to fix the processors. Mr. Heddle didn't even put out an announcement that the company received the settlement money--only references buried in the 10Q.
Investors must see it odd by now that PTOI incurred costs of around $20,000,000 since the processor pipes suffered freeze damage almost four years ago...while the CEO hasn't put a single dime toward fixing the processors.
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(0)Plastic2Oil, Inc. (PTOI) Stock Research Links
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.
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