Likewise, you're going to have to shorten your que
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Posted On: 12/28/2017 11:31:24 AM
Likewise, you're going to have to shorten your questions.
"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?"
I don't have evidence that money going into PTOI goes primarily as payments for the benefit of Mr. Heddle and I believe I've always made it clear that it's my opinion. If you think $20M was legitimately needed to fund PTOI's shuttered plant for the past four years since Mr. Heddle took over, I won't fault you. You can ask Mr. Brain how much it would cost to run his millwork shop if it was closed to get his opinion if you find his opinion valuable...but once the lights go out, it's usually very cheap.
"But wouldn't such behavior leave a trail of ballooning outstanding shares?"
Sometimes it's debt--Mr. Heddle tried for a million dollars last year and got $600k. Sometimes it's selling off assets as Mr. Heddle has been doing. Sometimes it's just keeping options open as letting something sit while putting out an occasional press release usually doesn't cost very much.
What often happens is that the de facto owner (Mr. Heddle in this case) would sell the shell once he feels confident there's nothing left to extract and someone new can come in, reverse split, add shares and pump the stock. PTOI's greatest asset is its shareholders who stand ready to throw in more money if they hear a good story.
"are you insinuating that if he facilitates a sale of processors, that the buyers of said processors are unwitting investors?"
Yes. It's easy to heat plastic until it breaks down into a low sulfur fuel--anyone can do it. But nobody can do that at a profit. Anyone who puts in their own money for an investment in PTOI's processors and who will only benefit if PTOI's processors make a profit is an unwitting investor who threw away his or her money.
"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?"
I don't have evidence that money going into PTOI goes primarily as payments for the benefit of Mr. Heddle and I believe I've always made it clear that it's my opinion. If you think $20M was legitimately needed to fund PTOI's shuttered plant for the past four years since Mr. Heddle took over, I won't fault you. You can ask Mr. Brain how much it would cost to run his millwork shop if it was closed to get his opinion if you find his opinion valuable...but once the lights go out, it's usually very cheap.
"But wouldn't such behavior leave a trail of ballooning outstanding shares?"
Sometimes it's debt--Mr. Heddle tried for a million dollars last year and got $600k. Sometimes it's selling off assets as Mr. Heddle has been doing. Sometimes it's just keeping options open as letting something sit while putting out an occasional press release usually doesn't cost very much.
What often happens is that the de facto owner (Mr. Heddle in this case) would sell the shell once he feels confident there's nothing left to extract and someone new can come in, reverse split, add shares and pump the stock. PTOI's greatest asset is its shareholders who stand ready to throw in more money if they hear a good story.
"are you insinuating that if he facilitates a sale of processors, that the buyers of said processors are unwitting investors?"
Yes. It's easy to heat plastic until it breaks down into a low sulfur fuel--anyone can do it. But nobody can do that at a profit. Anyone who puts in their own money for an investment in PTOI's processors and who will only benefit if PTOI's processors make a profit is an unwitting investor who threw away his or her money.
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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.