"At some point, doesn’t common sense trump consp
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Posted On: 07/19/2018 12:28:01 PM
Re: Commando911 #39939
"At some point, doesn’t common sense trump conspiracy theories?"
Normally yes...but we're talking PTOI here...so no.
PTOI burned through $80M so far. It ran out of cash to fix the freeze damage piping in late 2013 and Mr. Heddle estimated an outlandish $175k-$200k to fix the piping...about eight times what PTOI originally paid that company to put in the pipes. Thus PTOI was dead in the water...well, in 2014 Mr. Heddle said the piping was fixed...but then kept them 'broken' in the filings.
And sure money trickled into PTOI since then. $500k from the insurance company, ironically, for the fraud PTOI perpetrated on its investors, $500k from sale of property, $600k from two people lending the company, $100k earlier this year from PTOI director Mr. Aspin as a loan. Various other financing events as well. Most recently, $50k from director Mr. Brain who will likely throw in another $75k.
None of that money is going to fix the processor. Mr. Heddle needs to be compensated for his useless time. The current story is that someone else (Veridisyn) will plunk down a deposit and run the processors better than PTOI ever could...even though PTOI should be the expert in all things PTOI.
So you ask if common sense should ever take over when it hasn't in the past decade?? That's a resounding, "No!" to answer your question.
Normally yes...but we're talking PTOI here...so no.
PTOI burned through $80M so far. It ran out of cash to fix the freeze damage piping in late 2013 and Mr. Heddle estimated an outlandish $175k-$200k to fix the piping...about eight times what PTOI originally paid that company to put in the pipes. Thus PTOI was dead in the water...well, in 2014 Mr. Heddle said the piping was fixed...but then kept them 'broken' in the filings.
And sure money trickled into PTOI since then. $500k from the insurance company, ironically, for the fraud PTOI perpetrated on its investors, $500k from sale of property, $600k from two people lending the company, $100k earlier this year from PTOI director Mr. Aspin as a loan. Various other financing events as well. Most recently, $50k from director Mr. Brain who will likely throw in another $75k.
None of that money is going to fix the processor. Mr. Heddle needs to be compensated for his useless time. The current story is that someone else (Veridisyn) will plunk down a deposit and run the processors better than PTOI ever could...even though PTOI should be the expert in all things PTOI.
So you ask if common sense should ever take over when it hasn't in the past decade?? That's a resounding, "No!" to answer your question.
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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.