And the way I see it, ladies, you owe me for one jelly doughnut!
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Heddle monetarily rapes shareholders.....
Heddle has notes that eventually pay him double face value of what he loaned the company at 12% ( usury interest)
Right now he will approximately collect $9,000,000 on loans for half that amount.
That is correct. He basically doubles his principal.
If Heddle rolls the notes under the same terms ( every time he loans the company money he uses the same terms....there is no reason to believe he will not use them again) the figures get astronomical with the usury rates.
He could have lowered the usury interest rate at any time over the last 4+ years. He didn't. He has shown no indication he wants to or will.
The 2 12% notes due this year would jump to $9.9 million due on a 3 million dollar loan.
The 1 12% note due next year jumps to $3.3 million on a $1mm loan
And the demand notes go to somewhere between $4-5mm
So shareholders would be liable for $18-19 million due to Heddle on @ 5-6 million loaned.
No legit Board of Directors would allow a CEO to fleece a company of @ $12-14 million in interest.
That money would come directly out of shareholder value and any possible new investors would seriously impaired immediately upon entering if the notes are rolled.
And forget savvy institutional or the like....that would be the largest red flag ever.
And Heddle would be foolish not to collect as soon as the money is in hand.
If his intent was to roll the notes he would be have announced it with the PR.
Only if you believe Heddle has piss poor credit like whoever the other example is.
What bullshit.
Heddle has other businesses worth tens of millions.
He has assests worth tens of millions.
He is the one using Heddle Marine to loan this POS cash so he has already used that avenue to be involved in the loan process.
He could walk into any bank and get a $5mm SBA 7a loan for the current interest rates of around 6 to 8 % without blinking an eye just by signing his name.
He has been buying marine facilities and prime real estate and using commercial banks for those ventures.
He instead chose to lend the company his own money at exorbitant interests rates and rape shareholders in the process.
Heddle monetarily rapes shareholders.....
Heddle has notes that eventually pay him double face value of what he loaned the company at 12% ( usury interest)
Right now he will approximately collect $9,000,000 on loans for half that amount.
That is correct. He basically doubles his principal.
If Heddle rolls the notes under the same terms ( every time he loans the company money he uses the same terms....there is no reason to believe he will not use them again) the figures get astronomical with the usury rates.
He could have lowered the usury interest rate at any time over the last 4+ years. He didn't. He has shown no indication he wants to or will.
The 2 12% notes due this year would jump to $9.9 million due on a 3 million dollar loan.
The 1 12% note due next year jumps to $3.3 million on a $1mm loan
And the demand notes go to somewhere between $4-5mm
So shareholders would be liable for $18-19 million due to Heddle on @ 5-6 million loaned.
No legit Board of Directors would allow a CEO to fleece a company of @ $12-14 million in interest.
That money would come directly out of shareholder value and any possible new investors would seriously impaired immediately upon entering if the notes are rolled.
And forget savvy institutional or the like....that would be the largest red flag ever.
And Heddle would be foolish not to collect as soon as the money is in hand.
If his intent was to roll the notes he would be have announced it with the PR.
Due to Heddle upon demand
$1,948,995 (currently and should increase by @ $300k by Sept)
$579,163 (currently and should be @$600k by Sept)
Due to Heddle on 8/29/18 & 9/31/18 by time set promissory notes.
$4,559,343 (currently...this should increase by @ $600-700k by due date)
Also let's not forget how much s owed to get those machines parts from suppliers....that currently stands at $540,000
So if the company is supposedly taking in @$4 million for this announced possible sale......but would owe their CEO and suppliers near $9,000,000 at the same time......
Almost 5 years ago ?
Old news and the industry has passed it by.
Probably why the American Chemistry Council doesn't include P2O in these current panels on astic to oil.
They want to discuss what is relevant now.
Plus why would they include someone like Bordynuik who recently stated chemical recycling is a much better investment ?
Dead wrong. It has zero to do with screwing shareholders.
If anything it is the exact opposite.
Good grief.
Screwing shareholders .... restricted and common....would be not being current.
And there are millions of restricted shares still out there. Every principal of the company owns them...Heddle, Bordynuik ( according to some he still holds his shares in spite of telling a paper he sold), every past BOD member, etc.
To claim they aren't around is just not understanding the facts.
For once it seems Heddle is doing something legitimate companies would practice but somehow this is beyond the scope and is described as 'too complicated'.
Unbelievable.
It may not be a P&D now but it is hard to argue it didn't happen in the past during Bordynuiks tenure.
But as far as recently someone is definitely selling into this last PR.
And even with this turd the is money to be made still.
50-60 grand changed hands over this last week. Even taking 10-20 grand of that is a nice weeks work for one or two people.
Don't you find it even a bit interesting that a well known associate of the newly appointed woodchuck idiot said this the day before the PR ?
Due upon demand to Heddle
$1,948,995 (currently and should increase by @ $300k by Sept)
$579,163 (currently and should be @$600k by Sept)
Due on 8/29/18 & 9/31/18 by time set promissory notes.
$4,559,343 (currently...this should increase by @ $600-700k by due date)
Also let's not forget how much s owed to get those machines parts from suppliers....that currently stands at $540,000
So if the company is supposedly taking in @$4 million for this announced possible sale......but would owe their CEO and suppliers near $9,000,000 at the same time......
Thanks. I remember the post and assume you entered at @ 3 cents.
My guess .... because to my knowledge the actual note was never made public.....is since Heddle is both holder as CEO and lender he can do whatever he wants.
But like I pointed out in the subsequent post the interest.....that is usury and gross at this point....becomes astronomical when extended.
It will only take another year for him to double his principal.
And if the terms go out beyond that it is highway robbery that no credible BOD would allow any company to leverage themselves into.
Good solid t trade action....lol.
Somebody's broker couldn't dump their alloted shares today on this kind of volume. No takers at the Ask.
That is never a good sign.
Especially after what was hailed by some as a great PR just last week.
If Heddle rolls the notes under the same terms ( every time he loans the company money he uses the same terms....there is no reason to believe he will not use them again) the figures get astronomical with the usury rates.
He could have lowered the usury interest rate at any time over the last 4+ years. He didn't. He has shown no indication he wants to or will.
The 2 12% notes due this year would jump to $9.9 million due on a 3 million dollar loan.
The 1 12% note due next year jumps to $3.3 million on a $1mm loan
And the demand notes go to somewhere between $4-5mm
So shareholders would be liable for $18-19 million due to Heddle on @ 5-6 million loaned.
No legit Board of Directors would allow a CEO to fleece a company of @ $12-14 million in interest.
That money would come directly out of shareholder value and any possible new investors would seriously impaired immediately upon entering if the notes are rolled.
And forget savvy institutional or the like....that would be the largest red flag ever.
And Heddle would be foolish not to collect as soon as the money is in hand.
If his intent was to roll the notes he would be have announced it with the PR.
2011 ? lmfao.
Old news.....like before he was found to have committed securities fraud and was banned from serving as a company director.
And before the machines blew up and sat unused and rusting for the past few years.
Due upon demand to Heddle
$1,948,995 (currently and should increase by @ $300k by Sept)
$579,163 (currently and should be @$600k by Sept)
Due on 8/29/18 & 9/31/18 by time set promissory notes.
$4,559,343 (currently...this should increase by @ $600-700k by due date)
Also let's not forget how much s owed to get those machines parts from suppliers....that currently stands at $540,000
So if the company is supposedly taking in @$4 million for this announced possible sale......but would owe their CEO and suppliers near $9,000,000 at the same time......
What was that about can't have it both ways ?
$0.016 cents... lmfao
Agylix is still runs machinary in operations in their original plant and has publicly stated and shown their machines are adaptable to different feedstock...they also have made machine sales for millions of dollars based on Robin Curtis's relationship with them at Lithia Springs..
One could hazard a guess those investors feel quite a bit better than the investors in a company that seized operations over 4 years ago , never made a sale of any machines,watched every sale announced vaporize eventually, and watched the stock drop to pennies from dollars.
Yeah, yeah... remember these ?
We have a deal with RockTenn
( lol)
We have a deal with EcoNav
(lol)
We have a deal with Somerset Refinery
(lol)
We have a deal for P2O ships
(lol)
And the list goes on......
'Following the money' means looking for it anywhere but a P2O shareholders pockets.
A documented failure prone entity named Robin Curtis found out he can personally enrich himself by separating investors of $23 million dollars of their money by investing in unproven and unreliable machinary from Agylix.
Now he is trying to do the same with anyone he can convince to invest in unproven and unreliable machinary from P2O.
Many 'get it'.
It's pathetic that P2O investors now are relying on seeing others swindled out of their money in order to possibly see any return on nearly worthless shares they hold.
Total bullshit. Let's stick to facts and not nonsensical degrees of separation.
Waste Management made a strategic investment in a financing round that Agylix sought in 2011.
Genagain and Robin Curtis only licensed and used Agylix machinary in 2013 in a plant that ultimately failed after one year and $23mm wasted.
Waste Management wasn't involved in the $23mm dollar failed plant Robin Curtis had that burned investors.
And Robin Curtis wasn't involved in Waste Management investment in Agylix round of strategic financing two years before.
To state that the two are somehow connected is a fabrication that isn't supported by any facts at all.
It's a gross exaggeration that doesn't even border on a hint of truth.
$0.02 cent bump for EcoNav
$0.015 cent bump for Veridysn
How do you figure ?
Totally and absolutely false statement.
Good grief.
Such completely made up bullshit.
The EcoNav announcement sent this stock soaring up nearly $.02 and produced a 20+% upswing.
( although it lost all of the bump the next day and continued to erode)
How far north does the Verdisyn LLC deal make investors show their expectations ?
Right now it looks like investors put more faith in EcoNav.
Wow....he raised $23million in private equity for a plastic to oil plant that was open for one year !
Those investors must consider that a huge success.
Good grief.
I wonder how he works that into the pitch to any possible new investors he would he courting.
From all research it doesn't have an office either ( just like EcoNav).
It is only linked to a 3BR residential home in Alabama.
Debt notes the company has due this year $6-7-8+millions.
PR of possible sale and cash infusion of $4 million.
Basic math.
How far north should the numbers go ?
Unless Heddle puts out publicly he is rolling his notes over there is no money.
Shareholders should be demanding to know if he will.
Think about it.....why should anyone buy a single more share based on news that would possibly bring in $4mm....when the company is in debt and is scheduled to pay back $6-7-8mm or more at about the same time ?
Without Heddle rolling his notes this deal doesn't even dent the debt and notes due.
Research how much money is owed Heddle and when those notes are due.
Then research if any of the minimal amounts of fuel ever produced was sold at a profit or exactly how much fuel was sold.
Forget any talk about how much the machines were permitted to run. They never produced much before breaking down.
That should narrow down how to see if any proceeds would ever equal money and royalties.
As a side note.... the machines weren't profitable when Bordynuik raised funds from the sale of equities.....meaning he never had to take a dime out of what was sold unprofitably to pay anyone back.
If Robin Curtis raises private equity they will have to get paid back out of whatever is produced also.
So you now have an unprofitable product that has to give out a piece to investors and royalties... as well as produce enough to keep operations going.....
Sure.
It would seem from Robin Curtis's long past history of what looks like failure and company jumping his one somewhat payday came in with raising multiple millions of dollars and getting the failed Lithia Springs plant out of the ground.
Is it possible he found a formula to get paid without having to actually have a successful venture ?
Like Bordynuik.... except through private enterprise.... multiple millions needed to be raised for this endeavor.
And like Bordynuik he surely was getting a hefty payday for doing so.
In all reality though the PTOI investor should care not whether Curtis is ethical , a swindler, a profiteer, or the like.
All they should hope is he can con an investor group, or potential investors, to raise the multiple millions it supposedly takes to get a plant out of the ground.
The chances of Bordynuiks machines turning a profitable enterprise is slim to none. The royalties sketched out are meaningless and minute since Bordynuiks machines never could put out anywhere near the tonnage he claimed and broke down constantly. There is no performance record to show they are capable of ever running continuously. Being permitted to run 20 or 30 tons doesn't mean they have or can.
What a PTOI investor needs is another Bordynuik swindling someone else to buy some machines.
And Curtis looks to have history doing this.
What the PTOI investor should be worried about though is if it does happen.....Curtis somehow raises the cash and buys the first two machines.....takes his hefty payday....is that the first $4mm is going to be banked about the time Heddles notes are due.
Oooooops.
Because if the proposed facility fails like Lithia Springs ( and Bordynuiks machines history and profitability says it is highly likely) there will be no more machines sales and no more PTOI.
Heddle gets paid....Curtis gets paid.....and shareholders better figure out an exit strategy before the final curtain.
Agylix and Genagain never ended up with a operating business relationship and no plant was ever built.
And Waste Management made an investment in Agylix.
There is no direct link between Waste Management and the numerous projects Genagain announced and never fufillled as far as I know.
You can although find numerous articles where Genagain and Robin Curtis announce plans to build multi million dollar facilities, provide jobs, and talk of waste reduction.
But finding an actual operating facility from those announcements that came to fruition is another thing. There was one in Lithia Springs but it is permanently closed.....and ot is questionable if it actually ever went into operations.
Robin Curtis seems to have an habit of announcing proposed facilities to turn plastic to oil in several states, with more plants to follow, but they never seem to be built.
News flash....no money was exchanged for this Agreement also. (see your quote below).
It is not binding by your very definition.
Just as the similar Agreements signed with RockTenn and EcoNav were not binding and there were no legal ramifications for not fufilling any part of the Agreement.
So once again. What is the 'huge difference' between this Agreement and the MOU ?
Neither is binding and neither has a monetary exchange.
Is it binding or does it guarantee a monetary exchange ?
I read the Google search definition also you provided.
Maybe you can answer the question above instead.