Bankruptcy isn't likely to happen at PTOI either e

Bankruptcy isn't likely to happen at PTOI either even though PTOI has been completely insolvent even before the CEO kept piling on debt owed to himself. The CEO already has full control so paying a lawyers and a bankruptcy court to figure out how to allocate the assets to himself is obviously moot. If the directors ever figure out that they've been had, they could try to force bankruptcy but liabilities owed to the CEO are senior (compensation, etc...). Anyone who tries to push PTOI into bankruptcy wouldn't get a dime.

So PTOI lives on as bait with the CEO waiting for unwary investors and lenders to throw money at the company.

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.