Plastic2Oil Inc (PTOI)

[sunspotter]

"he can take no salary"

The "letter" doesn't say that Heddle or Bordynuik take no salary. Instead it says that they "defer pay" or "continue to defer pay", but not how much.

Unless they specifically state that all pay is being deferred, we can safely assume it is merely a part of their rather generous salary that they have "deferred", and not all of it.

"I continue to defer pay and have extended substantial loans to the company while John Bordynuik, our Chief of Technology, has deferred pay"

As with all Pink Sheet scams, it pays to parse their shareholder communications carefully. I have known several such scams claiming to have deferred pay to senior executives where the amount of deferred pay was in reality miniscule in comparison to the total salary, and sometimes was compensated for by other awards such as preferred shares or warrants at a price way below market.

I think we know enough about both Heddle and Bordynuik not to believe what they would like us to believe.

Now, if Mr. Heddle could tell us who the fifteen recipients of the shares Bordynuik illegally channelled from his kids' Trust Fund *were* then I might start to think he has some credibility.