Plastic2Oil Inc (PTOI)

[fourkids_9pets]

very nice read 4x .. thx for the input

It should be noted that CEO Richard Heddle provided $3,000,000 in financing in August and September of 2013. The notes pay 12% interest but the interest is deferred until the five year notes mature. At this point approximately $340,000 interest has accrued.

Mr. Heddle has taken no salary since he assumed the CEO role.

As of the last filing he has funded the company with an additional $208,838.

So, in addition to the $3 million he has since provided approximately additionally another $550,000 and no been paid no other compensation.

It should be further noted the warrants associated with the $3 million in financing have an exercise price of $.54.

Further, the recently hired new CFO accepted one third of his salary in stock.

Also in 2014, John Bordynuik provided funding once again and has returned stock options to the company.

I am looking forward to the next business update. I am thinking it just might blow the roof off.

4kids
all jmo