There definitely seems to be a theme of PTOI sugge
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Posted On: 10/31/2019 10:15:32 AM
There definitely seems to be a theme of PTOI suggesting that everything shareholders own has a sky-high valuation.
With the blending facility being originally listed at $1M, one would think that there was some rational basis for that listing--the same facility which was purchased for $130,000 with shareholder money from the founder's relative a decade ago, so more likely at an inflated price, and has been sitting idle ever since. It's not fraud--Mr. Heddle is only asking that price. If, for example, a director relies on that asking price to loan money to PTOI, assuming his loan is fully secured by the blending facility, it's that director's fault. Don't get me wrong, it's disingenuous of Mr. Heddle, but there's no way to prove that listing price was intended to play on the director's thought process.
Likewise with the processors. Writing up contingent contracts to sell processors to EcoNavigation, Veridisyn and Nulixo for $2M to $3M each is ludicrous. However it was investors' fault for jumping up and down in excitement over the deals and for assuming there was a rational basis for those numbers. Again, it's highly disingenuous of Mr. Heddle to enter into deals which don't appear to have any basis in reality...but investors need to learn as well. From some posts, it sounds like some investors aren't falling for the story again and now are waiting to see if actual cash changes hands.
The media credits when the founder was CEO was a different story. The media credits were worthless and ultimately written down as so...but by booking them as an asset worth $10M, the founder was standing behind the $10M valuation and representing that as a true value to investors. That did cross the line and the founder was appropriately charged with fraud.
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With the blending facility being originally listed at $1M, one would think that there was some rational basis for that listing--the same facility which was purchased for $130,000 with shareholder money from the founder's relative a decade ago, so more likely at an inflated price, and has been sitting idle ever since. It's not fraud--Mr. Heddle is only asking that price. If, for example, a director relies on that asking price to loan money to PTOI, assuming his loan is fully secured by the blending facility, it's that director's fault. Don't get me wrong, it's disingenuous of Mr. Heddle, but there's no way to prove that listing price was intended to play on the director's thought process.
Likewise with the processors. Writing up contingent contracts to sell processors to EcoNavigation, Veridisyn and Nulixo for $2M to $3M each is ludicrous. However it was investors' fault for jumping up and down in excitement over the deals and for assuming there was a rational basis for those numbers. Again, it's highly disingenuous of Mr. Heddle to enter into deals which don't appear to have any basis in reality...but investors need to learn as well. From some posts, it sounds like some investors aren't falling for the story again and now are waiting to see if actual cash changes hands.
The media credits when the founder was CEO was a different story. The media credits were worthless and ultimately written down as so...but by booking them as an asset worth $10M, the founder was standing behind the $10M valuation and representing that as a true value to investors. That did cross the line and the founder was appropriately charged with fraud.
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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.
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