Shareholders, I’m only trying to be helpful here
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Posted On: 04/01/2018 11:30:54 PM
Shareholders, I’m only trying to be helpful here.
When you see anyone give themselves super-voting shares, such as PTOI founder Mr. Bordynuik did, the sole reason is to deny other shareholders any meaningful vote. The only reason is because that person wants to work against other shareholders’ best interests. That’s universally true and you can avoid many bad investments that way.
Many shareholders sang Mr. Bordynuiks praises even as he robbed them blind. Those new investors from 2012 who put in $9M, while naive to invest in PTOI in the first place, at least had the sense to demand that the super-voting shares owned by Mr. Bordynuik wouldn’t be used against investors. The story that those investors were evil, is absolutely ludicrous. You can read the terms at https://www.sec.gov/Archives/edgar/data/13811...dsc13d.htm
Those five independent directors which those new investors wanted put in the terms as part of the $9M investment??...Mr. Bordynuik took the $9M but basically flipped them the bird on appointing the independent directors.
Now Mr. Heddle is doing the same thing by selling off PTOI’s property piece by piece and some investors are still singing hymns to Mr. Heddle and saying that PTOI wouldn’t be around without him. However Mr. Heddle is subtracting shareholder value while the stock will trade as long as market makers are willing to make a market for the stock. Mr. Heddle doesn’t deserve credit for the continued trading. You shareholders are once again being robbed, this time by Mr. Heddle for whatever is left of your equity.
When you see anyone give themselves super-voting shares, such as PTOI founder Mr. Bordynuik did, the sole reason is to deny other shareholders any meaningful vote. The only reason is because that person wants to work against other shareholders’ best interests. That’s universally true and you can avoid many bad investments that way.
Many shareholders sang Mr. Bordynuiks praises even as he robbed them blind. Those new investors from 2012 who put in $9M, while naive to invest in PTOI in the first place, at least had the sense to demand that the super-voting shares owned by Mr. Bordynuik wouldn’t be used against investors. The story that those investors were evil, is absolutely ludicrous. You can read the terms at https://www.sec.gov/Archives/edgar/data/13811...dsc13d.htm
Those five independent directors which those new investors wanted put in the terms as part of the $9M investment??...Mr. Bordynuik took the $9M but basically flipped them the bird on appointing the independent directors.
Now Mr. Heddle is doing the same thing by selling off PTOI’s property piece by piece and some investors are still singing hymns to Mr. Heddle and saying that PTOI wouldn’t be around without him. However Mr. Heddle is subtracting shareholder value while the stock will trade as long as market makers are willing to make a market for the stock. Mr. Heddle doesn’t deserve credit for the continued trading. You shareholders are once again being robbed, this time by Mr. Heddle for whatever is left of your equity.
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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.
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