It's a few weeks into Q3 now--surely CEO Mr. Heddl
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Posted On: 07/20/2019 9:26:20 AM
It's a few weeks into Q3 now--surely CEO Mr. Heddle accomplished something in during the last entire quarter that he can report with the next 10-Q, right?? No??...well then that's on par with the last 22 quarters of his being at the helm.
I'm guessing Mr. Heddle at least secured more financing during last quarter. He just doesn't announce it anymore when one of the directors gives him more debt financing. Apparently having unwitting directors show their continued faith in PTOI through lending money to PTOI has lost its pizzazz.
What would you say to a company which claimed it had a secret catalyst which would revolutionize plastic pyrolysis and then changed its story to saying it had a processor design which would revolutionize plastic pyrolysis...because apparently there's nothing the founder couldn't revolutionize with his fresh look 'think-outside-the-box' approach...then after twelve years and $70M, the company still was unable to put a single processor into useful operation anywhere??
Well, if you're the directors appointed by the CEO two or three years ago, after seeing all of those shenanigans, and you see the CEO holding out his hand for more money to overcome the latest excuse for non-performance, you answer that call to action and give your personal money to the CEO.
At least with the founder Mr. Bordynuik, the founder would have pretended the money was used for fixing the processors and would have come up with a new hurdle which needed to be overcome, needing even more money. Current CEO Mr. Heddle doesn't appear to care enough. He just blatantly misappropriated that money and gave no excuse.
So if you're a director and you loan money to the CEO specifically to fix the processors and that money vanishes without fixing the processors what do you do??...why you loan him even more money of course!... and that's exactly what a director did in Q1 of this year!
I think it's clear that the directors believe in PTOI...but as directors they do have a responsibility to shareholders. After this long, there's a good case to be made that the directors are being grossly negligent. They're a hybrid between being victims themselves while not doing their duties for shareholders.
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I'm guessing Mr. Heddle at least secured more financing during last quarter. He just doesn't announce it anymore when one of the directors gives him more debt financing. Apparently having unwitting directors show their continued faith in PTOI through lending money to PTOI has lost its pizzazz.
What would you say to a company which claimed it had a secret catalyst which would revolutionize plastic pyrolysis and then changed its story to saying it had a processor design which would revolutionize plastic pyrolysis...because apparently there's nothing the founder couldn't revolutionize with his fresh look 'think-outside-the-box' approach...then after twelve years and $70M, the company still was unable to put a single processor into useful operation anywhere??
Well, if you're the directors appointed by the CEO two or three years ago, after seeing all of those shenanigans, and you see the CEO holding out his hand for more money to overcome the latest excuse for non-performance, you answer that call to action and give your personal money to the CEO.
At least with the founder Mr. Bordynuik, the founder would have pretended the money was used for fixing the processors and would have come up with a new hurdle which needed to be overcome, needing even more money. Current CEO Mr. Heddle doesn't appear to care enough. He just blatantly misappropriated that money and gave no excuse.
So if you're a director and you loan money to the CEO specifically to fix the processors and that money vanishes without fixing the processors what do you do??...why you loan him even more money of course!... and that's exactly what a director did in Q1 of this year!
I think it's clear that the directors believe in PTOI...but as directors they do have a responsibility to shareholders. After this long, there's a good case to be made that the directors are being grossly negligent. They're a hybrid between being victims themselves while not doing their duties for shareholders.
…
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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.