"first and foremost .. P2O (the company) was wrest
Post# of 43064
This is the first I'm hearing something from an investor which implies that Mr. Heddle was a gullible victim. Usually he's portrayed as a smart businessman. Who were these "bad actors" whom Mr. Heddle paid millions of dollars as his first order of business?
What about the next five and a half years after that?? The money from property sales, the lawsuit settlement money, the money loaned to PTOI by a director, the processor-fixing money paid by the two directors, etc....?? Is Mr. Heddle continuing to pay bad actors while being unable to figure out why the money keeps disappearing with no benefit to PTOI??
An objective third party might look at PTOI's financial statements and see that the money keeps disappearing down the SG&A rabbit hole. That person might also see that there's only one employee to be compensated; Mr. Heddle. That person might also see that Mr. Heddle has the the ability and the incentive to pay himself. With that information that person might posit the theory that Mr. Heddle is a good businessman and therefore would refuse to throw away money on fixing the processor, instead opting to use that money for his own compensation. That only makes good business sense to pocket money which would otherwise be wasted.
There's certainly a bad actor working for PTOI.
…