So on top of the $125k which PTOI 8-k'd in July 20
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Posted On: 05/05/2019 11:35:17 AM
So on top of the $125k which PTOI 8-k'd in July 2018 as debt financing from director Mr. Brain, on Aug 7, 2018 CEO Mr. Heddle put out a press release, "The Company secured additional debt financing commitments from two current directors for approximately $250,000 for the intended use of initially restarting one of its processors in such a way that should allow the Company to process used oils and film plastics."
Presumably "additional" really means additional since the $125k from Mr. Brain was already announced...meaning $375k supposedly went onto the balance sheet during the third quarter. However by the end of the third quarter, cash only went up $70k and PTOI still was "unable to obtain the financing necessary to make these repairs."
Investors should be up in arms about PTOI's steady stream of tricks and ruses...yet nothing. Investors don't seem to want to say anything which might lead others to sell because they don't want the $0.02 stock price to be hurt. Many even despise anyone who says anything bad about PTOI.
I'm sure many investors want to give Mr. Heddle the benefit of the doubt once again and assume he really did spend that money to try to fix the processors but merely failed. For a person who wants to believe, there's always the benefit of the doubt to give when a company barely says anything that isn't vague or ambiguous.
If shareholders staying silent isn't enough, the dishonest moderator here adds another layer of filtration by targeting for deletion the posts of those people who don't share her opinion. Deleting for even the tiniest of infractions and making up rules of her own to expand the net. Not too long ago in one paragraph of a post I said that PTOI shareholders lost money since the share price was down and the moderator said that was "factually false" because she believes nobody loses money until they actually sell their stock. She deleted the entire post with that excuse. My sentence wasn't confusing nor disruptive--she's just continuing her work to silence PTOI's critics as much as she can.
From the company blatantly and routinely screwing over shareholders all the way to the shareholders themselves who keep a stiff upper lip because they want the stock pumped, PTOI is a self-sustaining scam. Is it any wonder why there are so many scams when the victims themselves feel aligned to help the swindlers rip off more victims??
I asked this before, but what exactly would have to happen before the remaining shareholders start to suspect that PTOI isn't all it pretends to be?? How much fraud, deception and excuses need to be present before PTOI's investors start to see some red flags?
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Presumably "additional" really means additional since the $125k from Mr. Brain was already announced...meaning $375k supposedly went onto the balance sheet during the third quarter. However by the end of the third quarter, cash only went up $70k and PTOI still was "unable to obtain the financing necessary to make these repairs."
Investors should be up in arms about PTOI's steady stream of tricks and ruses...yet nothing. Investors don't seem to want to say anything which might lead others to sell because they don't want the $0.02 stock price to be hurt. Many even despise anyone who says anything bad about PTOI.
I'm sure many investors want to give Mr. Heddle the benefit of the doubt once again and assume he really did spend that money to try to fix the processors but merely failed. For a person who wants to believe, there's always the benefit of the doubt to give when a company barely says anything that isn't vague or ambiguous.
If shareholders staying silent isn't enough, the dishonest moderator here adds another layer of filtration by targeting for deletion the posts of those people who don't share her opinion. Deleting for even the tiniest of infractions and making up rules of her own to expand the net. Not too long ago in one paragraph of a post I said that PTOI shareholders lost money since the share price was down and the moderator said that was "factually false" because she believes nobody loses money until they actually sell their stock. She deleted the entire post with that excuse. My sentence wasn't confusing nor disruptive--she's just continuing her work to silence PTOI's critics as much as she can.
From the company blatantly and routinely screwing over shareholders all the way to the shareholders themselves who keep a stiff upper lip because they want the stock pumped, PTOI is a self-sustaining scam. Is it any wonder why there are so many scams when the victims themselves feel aligned to help the swindlers rip off more victims??
I asked this before, but what exactly would have to happen before the remaining shareholders start to suspect that PTOI isn't all it pretends to be?? How much fraud, deception and excuses need to be present before PTOI's investors start to see some red flags?
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(0)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.