The 12% figure for debt to PTOI is actually low.
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Posted On: 05/26/2020 8:23:17 AM
Re: Commando911 #42536
The 12% figure for debt to PTOI is actually low. Realistically in an arm's length transaction, 12% for a loan to PTOI is cheap given PTOI's risk. In venture capital, the cost of capital is often 50% to 100%.
That said, Mr. Heddle's loans are not arm's length transactions and it doesn't really matter what rate Mr. Heddle offers to himself. It's effectively all internal money with Mr. Heddle in full control. If he then gets money into the company such as by convincing directors to pitch in more, he can repay his loans to himself and double dip.
PTOI is one big farce. It started out as one and continues as one to this day.
That said, Mr. Heddle's loans are not arm's length transactions and it doesn't really matter what rate Mr. Heddle offers to himself. It's effectively all internal money with Mr. Heddle in full control. If he then gets money into the company such as by convincing directors to pitch in more, he can repay his loans to himself and double dip.
PTOI is one big farce. It started out as one and continues as one to this day.
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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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