Sure. I'll answer what I can but since my last pos
Post# of 43066
(Total Views: 419)
Posted On: 12/28/2017 12:35:21 AM
Re: PaperProphet #38454
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Sure. I'll answer what I can but since my last post to you was deleted, I suspect the moderator doesn't think you can handle my answers. Obviously it was later restored by admin otherwise you wouldn't be answering. To the extent that you get to my posts before the moderator gets to them in her misguided fight against opinions she doesn't like, I can give you an answer.
To honor each other's time going forward, let's just stick to the questions, and leave the extraneous commentary aside.
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As far as the end game, as I said, keeping PTOI alive also keeps the options open. Mr. Heddle did get $1.5M from debt, insurance settlement for PTOI's fraud and sales of property since mid 2016 and money going into PTOI mostly disappears in SG&A--you can guess that since the plant is shuttered, that SG&A is primarily Mr. Heddle's own salary.Quote:transportation costs.
But do you have any evidence that Mr. Heddle has taken a nickel in salary since he's been CEO? Or is it all conjecture and speculation? All I have to go by are the fillings - the 10Ks for the last three years state that while he has accrued a salary, he has opted to be paid in shares, and as of 2016 he had not been paid. Please share with the board how you figure that he is drawing a 'handsome salary'.
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Issuing more debt, potentially issuing more equity, selling off any remaining assets...keeping PTOI alive can bring in more cash than stepping down and letting PTOI shrivel away. The end game for Mr. Heddle is to keep the PTOI scam story alive as long as possible.
You claim that you have seen OTC scam after OTC scam dupe naive penny stock investors buy creating fabulous stories that will result in buying pressure of the company's common stock, allowing the company executives to line their pockets by massively diluting the share structure while naive investors are providing share price support. But wouldn't such behavior leave a trail of ballooning outstanding shares? Take a look at the OS for the past 3+ years:
March 2015: 120,244,157
April 2016: 124,756,158
April. 2017: 124,756,158
November 2017: 124,756,158
Again, all I have to go by are the filings - please share with the board your evidence that issuing more debt or issuing more equity has been, or is, a part of Mr. Heddle's sham efforts here.
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As far as the NY property, that can be sold and Mr. Heddle can pocket the proceeds. It's supposedly ready to go with the exception of some freeze damage. Now Mr. Heddle is telling shareholders a new LLC will start from scratch but pay PTOI upfront. Even if Mr. Curtis does find new unwitting investors to rip off, it won't benefit PTOI's shareholders.
Well - if Mr. Heddle lent the organization $4M+, is he entitled to pocket the money from the sale of assets?
Your comment about Mr. Curtis is confusing - are you insinuating that if he facilitates a sale of processors, that the buyers of said processors are unwitting investors? Or are you referring to new investors that buy PTOI stock based on press releases highlighting Mr. Curtis's involvement?
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Re: Simple math...PTOI needs to show it can produce any return by pyrolyzing free, delivered plastic first...then it can worry about paying for transportation costs. Fair point about Alabama...but does another state have better 'waste' plastic than New York??
Again - I think the premise is that the company has already demonstrated that they can process waste plastic into char, off gases, and spec grade fuel; it makes more sense to me that they place the processors at the site of the waste plastic, rather than transporting the waste to the Niagara facility, so that they avoid
As to which states have better 'waste plastic' - I have no idea. But my guess is that wherever a PTOI processor lands is where the best waste plastic will be - but I am admittedly biased.
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