"Further proof Heddle is a moron."
My guess is that Mr.
"Further proof Heddle is a moron."
My guess is that Mr. Heddle doesn't care enough to make sure his math is right. Investors don't care enough to call him out on anything so it's fairly mutual.
It has been five years since the processors broke due to freeze damage and Mr. Heddle has taken in a few million dollars extra from new investors, property sales, a fraud settlement, and more investment. For all except the six months when Mr. Heddle hid that material information of the processor breakage from investors, Mr. Heddle has been burning through those millions while telling investors he needs to raise $175k to $200k to fix the processors...processors which investors were told cost $80k to build from scratch.
So as long as investors don't ever question Mr. Heddle...or as long as investors advocate for non-transparency to prevent "giving ammunition to short sellers," Mr. Heddle can keep PTOI alive. I use the term 'alive' loosely.
At this point Mr. Heddle could literally announce that a purchase order was received or that he found a new customer willing to buy processors and PTOI would be off to the races again for a year or two until investors once again start to figure out that the new news is also a sham.
For Mr. Heddle, it's worth keeping PTOI alive--there's a trickle of real money which keeps flowing into the company...currently from the directors he backwards appointed to their positions and who are willing to keep donating money to PTOI...money from which Mr. Heddle can draw to pay himself compensation. It has been a decade and money still hasn't dried up. PTOI can continue "succeeding" from one year to the next as long as some investors who still have cash keep believing.
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.
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