"It's pretty simple. Rick doesn't care or even rem
Post# of 43066
(Total Views: 344)
Posted On: 05/14/2018 11:35:35 AM
"It's pretty simple. Rick doesn't care or even remember he's CEO of the company and the only employee left is "half a person" and I'm not sure how .5 of an employee does anything?"
Any guesses how much of incoming funds over the past five years were paid to that 0.5 full-time equivalent employee in direct or indirect compensation??
There's a lot of fluff in the financial statements. Mr. Heddle's loan to the company and the amount of that lent money he took out for his own compensation, the depreciation, impairment, unpaid interest to himself, etc... amounted to about $20M based on the change in the accumulate deficit during his tenure, but that number doesn't mean much.
The real cash number that came in the door is about $2M total. That came from equity investors, debt investors, property sales, the insurance settlement for the company's fraud, etc... I'm sure Mr. Heddle has spent a pittance of his time on PTOI while the vast bulk of expenses comprise his own beneficial compensation. That's close to $400k/year for the past five years...not to shabby supplemental income for very part-time employment.
Now the exciting part is to hear where Mr. Heddle will get cash next. He still has the blending plant and the processor facility to sell but he has to get more innovative if he wants to pay himself even more money. If he does get the down payment from Veridisyn and it's unencumbered, that will be a nice addition to pad his wallet. If you think I'm being facetious, watch out. That money is going somewhere and Mr. Heddle isn't wasting it on silly items like marketing or phone service.
Any guesses how much of incoming funds over the past five years were paid to that 0.5 full-time equivalent employee in direct or indirect compensation??
There's a lot of fluff in the financial statements. Mr. Heddle's loan to the company and the amount of that lent money he took out for his own compensation, the depreciation, impairment, unpaid interest to himself, etc... amounted to about $20M based on the change in the accumulate deficit during his tenure, but that number doesn't mean much.
The real cash number that came in the door is about $2M total. That came from equity investors, debt investors, property sales, the insurance settlement for the company's fraud, etc... I'm sure Mr. Heddle has spent a pittance of his time on PTOI while the vast bulk of expenses comprise his own beneficial compensation. That's close to $400k/year for the past five years...not to shabby supplemental income for very part-time employment.
Now the exciting part is to hear where Mr. Heddle will get cash next. He still has the blending plant and the processor facility to sell but he has to get more innovative if he wants to pay himself even more money. If he does get the down payment from Veridisyn and it's unencumbered, that will be a nice addition to pad his wallet. If you think I'm being facetious, watch out. That money is going somewhere and Mr. Heddle isn't wasting it on silly items like marketing or phone service.
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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.