I see some reference regarding Mr. Heddle signing
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Posted On: 08/02/2019 5:41:37 PM
I see some reference regarding Mr. Heddle signing for both parties on the 8-K recently filed, signing on behalf of the company and on behalf of himself. That's the way it has been but maybe that should drive it home that Mr. Heddle also determines and signs his own paychecks. It's literally a one man operation and very part time at that. There's only one employee to compensate in the SG&A bucket and that's Mr. Heddle himself. The directors loaned money to PTOI so Mr. Heddle could continue to pay that compensation.
As far as a one man operation, the directors are so ancillary that they don't count as part of PTOI. It appears that the only function they've served so far is to loan money to PTOI...which I'm guessing is why Mr. Heddle appointed them in the first place. No, shareholders aren't given the opportunity to vote for directors.
As far as a patent on PTOI's supposed 'technology' which appears to have some people excited, there's no unique way to heat up plastic. Is it a wonder that the patent has been rejected by the U.S. Patent Office so many times?? Additionally even if ultimately rejected, in the U.S. having a patent pending is enough protection. Not having a patent granted hasn't stopped PTOI from moving forward in the past twelve years, in case anyone hasn't noticed. Or ten years since the founder reverse merged his scheme with a publicly traded shell.
A patent also doesn't prove that a process is worthwhile even if PTOI's machinations ultimately result in the Patent Office giving in and issuing a patent. Granted, twelve years of not using the process doesn't prove lack of value...but the lack of use for that long does provide very strong evidence that it's useless. Uselessness is even stronger protection than a patent against theft of the 'technology'.
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As far as a one man operation, the directors are so ancillary that they don't count as part of PTOI. It appears that the only function they've served so far is to loan money to PTOI...which I'm guessing is why Mr. Heddle appointed them in the first place. No, shareholders aren't given the opportunity to vote for directors.
As far as a patent on PTOI's supposed 'technology' which appears to have some people excited, there's no unique way to heat up plastic. Is it a wonder that the patent has been rejected by the U.S. Patent Office so many times?? Additionally even if ultimately rejected, in the U.S. having a patent pending is enough protection. Not having a patent granted hasn't stopped PTOI from moving forward in the past twelve years, in case anyone hasn't noticed. Or ten years since the founder reverse merged his scheme with a publicly traded shell.
A patent also doesn't prove that a process is worthwhile even if PTOI's machinations ultimately result in the Patent Office giving in and issuing a patent. Granted, twelve years of not using the process doesn't prove lack of value...but the lack of use for that long does provide very strong evidence that it's useless. Uselessness is even stronger protection than a patent against theft of the 'technology'.
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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.
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