Unfortunately, nobody has or feels they have any i
Post# of 43066
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Posted On: 11/04/2017 2:00:55 PM
Unfortunately, nobody has or feels they have any incentive to look at the numbers. PTOI is a perfect example--the people running the show are better off being ignorant of the economics as they pitch plastic to oil to investors and investors feel their interests are better served promoting the stock and suppressing anyone who tries to warn others.
In PTOI's case, current CEO Mr. Heddle appears to have significant assets and investors have a strong case to directly sue him--Mr. Heddle willfully withheld material information about the plant being out of commission for six months back in late 2013. A lawyer could also easily discover that the announced purchase of processors by EcoNav was a sham agreement and that Mr. Heddle was either complicit or grossly negligent.
However investors who lost money probably won't sue PTOI and time marches on toward the statute of limitations as it often does. Mr. Heddle appears to have grown more careful over the past couple of years and all of the new deals announced are only at the 'interest' stage. It would be harder to prove that the potential customers and partners didn't have any interest...especially with how vaguely the proposed deals are communicated to investors.
I'm sure that's the case of Mr. Heddle being careful with the current deal which has been in the MOU stage for a year to a year and a half--if Mr. Heddle announces that it turned into a definitive agreement for anything other than a partnership to seek out customers, it will be a sham agreement just like the deal with EcoNav.
In PTOI's case, current CEO Mr. Heddle appears to have significant assets and investors have a strong case to directly sue him--Mr. Heddle willfully withheld material information about the plant being out of commission for six months back in late 2013. A lawyer could also easily discover that the announced purchase of processors by EcoNav was a sham agreement and that Mr. Heddle was either complicit or grossly negligent.
However investors who lost money probably won't sue PTOI and time marches on toward the statute of limitations as it often does. Mr. Heddle appears to have grown more careful over the past couple of years and all of the new deals announced are only at the 'interest' stage. It would be harder to prove that the potential customers and partners didn't have any interest...especially with how vaguely the proposed deals are communicated to investors.
I'm sure that's the case of Mr. Heddle being careful with the current deal which has been in the MOU stage for a year to a year and a half--if Mr. Heddle announces that it turned into a definitive agreement for anything other than a partnership to seek out customers, it will be a sham agreement just like the deal with EcoNav.
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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.