So if many investors are now waiting for actual ca
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After all in this last deal, Mr. Heddle didn't announce that the Nulixo deal was very preliminary nor that Nulixo was evaluating the process and deciding whether to buy. Mr. Heddle announced a fully executed contract and that he was awaiting the deposit. It should be obvious by now that the real problem isn't the mechanics of transferring the cash so any concerns investors may have are probably valid.
Likewise with EcoNavigation, Mr. Heddle expressed confidence in that deal. "We are confident the pilot will reach a successful conclusion.
Upon the successful completion of the pilot, expected on or before May 1, 2015, we are equally confident EcoNavigation has the financial capability to complete the initial purchase of processors for sites to be located in the state of New York, or elsewhere."
Mr. Heddle never announced to investors the reason why the EcoNavigation deal fell apart.
So whether investors think that Mr. Heddle keeps dropping the ball on doing the due diligence for these deals or whether they think something worse, it doesn't make a good case for entrusting Mr. Heddle with invested cash. Something is amiss with PTOI. I believe that even the act developing a hypothesis as to what might be wrong would be an extremely useful exercise for anyone who might be evaluating PTOI as an investment.
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