Mr. Heddle is indifferent to the loans and certain

Mr. Heddle is indifferent to the loans and certainly sees it's unlikely he will ever get paid back in full. Mr. Heddle loaned money to PTOI and virtually all of that money certainly went right back out for his own compensation. If Mr. Hedde were to loan PTOI another $10M in cash so he can then pay himself $10M in cash, the only change would be that PTOI will owe him an additional $10M. He wouldn't be out anything at all. In fact just doing that circular transaction convinces people that he believes in PTOI and helps him convince others to part with their money.

PTOI's only valuable asset from Mr. Heddle's perspective is one piece of property which can be sold, the directors' willingness to loan more money to PTOI and potentially shareholders' willingness to buy more shares. All money which comes in will certainly be used to compensation PTOI's "most valuable" employee.

Mr. Bordynuik's and now Mr. Heddle's game is to convince others that the 'technology', which is simply plain old pyrolysis, is valuable so they will open their wallets. That's the bait. Money then 'invested' in PTOI is used to compensate Mr. Heddle who has complete autonomy to spend invested money however he pleases...which would be compensating himself despite doing little to no work.

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.