Heddle will kick the can down the road. He'll extend the terms. With his holdings, he has probably more to gain when PTOI responds to some good news. That he holds the notes as backup is an insurance policy for him if this thing goes belly up. The guy may be a PITA as far as communication goes, but I'm guessing he's a pretty savvy business guy with plenty of connections, who have connections. That said, it doesn't explain the "one and done" machine marketing strategy....and am curious what these guys have up their sleeves with this recent infusion of cash...
so..in answer to deadline assessment? ...there is no deadline..it's whatever Heddle says it is...whenever he says it...
ahhhhhh...the beauty of risky stocks...with large illegal short positions...ya just never know who's behind the knock on the door!! heh heh...