My guess is that the director who loaned $56k to P
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Posted On: 06/22/2019 9:44:03 PM
My guess is that the director who loaned $56k to PTOI last quarter was Mr. Brain. Mr. Brain would do well to seek out a lawyer or someone else who can give impartial guidance on his loans to PTOI but he seems like a very stubborn man.
Mr. Brain, ask someone knowledgeable in the financial field as to how much you should be asking for an interest rate on a loan to PTOI, even if you have to pay them for their opinion. Hopefully you will find someone who will give constructive advice rather than just laughing at you for accepting a 4% rate.
Part of it is probably that Mr. Brain already has maybe $600k in the pot so if he doesn't 'call' when Mr. Heddle 'raises' then he probably feels like he would lose the poker hand and that there would be no chance of recovering any of his investment. Even if he is having doubts about PTOI by now, I don't think he would be ready to concede that he's already lost all of his money.
It will be interesting to see how much extra money Mr. Heddle can milk out of the directors over the next few years.
Mr. Brain, ask someone knowledgeable in the financial field as to how much you should be asking for an interest rate on a loan to PTOI, even if you have to pay them for their opinion. Hopefully you will find someone who will give constructive advice rather than just laughing at you for accepting a 4% rate.
Part of it is probably that Mr. Brain already has maybe $600k in the pot so if he doesn't 'call' when Mr. Heddle 'raises' then he probably feels like he would lose the poker hand and that there would be no chance of recovering any of his investment. Even if he is having doubts about PTOI by now, I don't think he would be ready to concede that he's already lost all of his money.
It will be interesting to see how much extra money Mr. Heddle can milk out of the directors over the next few years.
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