Does everyone understand how Mr. Heddle's loans wo
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Posted On: 09/05/2018 10:22:02 AM
Does everyone understand how Mr. Heddle's loans work??
PTOI has very few real expenses. A piece of property can just sit there collecting dust and, before Mr. Heddle sold the property, he didn't even pay real estate taxes and the mortgage was delinquent. The only real expense, which Mr. Heddle was highly motivate to pay, was his own salary--which he knew when he loaned $3M to PTOI.
1) Mr. Heddle loans $3M to PTOI
2) Mr. Heddle compensates himself with most of that $3M. He's out almost nothing.
3) The loan stays on the books as needing to be paid back to Mr. Heddle.
Mr. Heddle doesn't get his loan paid back until he finds someone to put real cash into PTOI...but there's no risk if he doesn't. He gets real cash to additionally compensate himself from property sales, new investment, the fraud settlement and, most recently, from Mr. Aspin and Mr. Brain.
PTOI has very few real expenses. A piece of property can just sit there collecting dust and, before Mr. Heddle sold the property, he didn't even pay real estate taxes and the mortgage was delinquent. The only real expense, which Mr. Heddle was highly motivate to pay, was his own salary--which he knew when he loaned $3M to PTOI.
1) Mr. Heddle loans $3M to PTOI
2) Mr. Heddle compensates himself with most of that $3M. He's out almost nothing.
3) The loan stays on the books as needing to be paid back to Mr. Heddle.
Mr. Heddle doesn't get his loan paid back until he finds someone to put real cash into PTOI...but there's no risk if he doesn't. He gets real cash to additionally compensate himself from property sales, new investment, the fraud settlement and, most recently, from Mr. Aspin and Mr. Brain.
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(0)Plastic2Oil, Inc. (PTOI) Stock Research Links
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