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  4. Plastic2Oil, Inc. (PTOI) Message Board

Another potential incentive for the CEO is the mon

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Post# of 43066
(Total Views: 476)
Posted On: 03/16/2020 5:05:16 PM
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Posted By: PaperProphet
Re: Commando911 #42263
Another potential incentive for the CEO is the money trickling into PTOI. Mr. Heddle loaned money to the company just before he became CEO...then he had complete autonomy on how to spend that money. He evidently decided the processors weren't worth fixing as he had more than enough to do so. It's likely he looked out for himself.

Likewise the insurance settlement money for the fraud suit against PTOI which, ironically, was place under management's control...Mr. Heddle had complete discretion on how to spend that money. I doubt he wasted the money so it's likely that money went for his own compensation.

Money from the sale of property...same thing. Mr. Heddle decided where the money should go.

Money lent to PTOI from directors...same thing. Mr. Heddle decided where the money should go.

So was the money foolishly spent on expenditures which provided no salient return to PTOI with Mr. Heddle not learning to stop spending on those low return on investment expenses??...or is it more likely that CEO Mr. Heddle used that money to compensate the CEO for his work??

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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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