And the way I see it, ladies, you owe me for one jelly doughnut!
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Mr IR of JBI/P2O himself.
I've always thought that sleazebag dumped all his shares because he had inside info to the fact it was never going to make any more money without duping big investors.
I seriously hope he has to dump a truckload of money defending himself.
So it's the *volume totals* that have kept Heddle from selling a single processor in over 4 years ??
I noticed the posiives are so few there are no buys of any significance
Why is that ?
Oh yeah.... it's a POS junk company with no revenue, no operations, no employees, and broken down rusted junk machinery.
Yep. Can't have it both ways.
Either the data is *manipulated* and worthless....
.......or it is actually accurate and never was actually *manipulated* and was published by FINRA so some could use to make *angst* claims.
it's far wiser to DCA if one
has the risk tolerance >>
this isn't rocket science and no investor who has done their DD
re: OTC stock manipulation .. ever bases their investment on
an OTC stock price .. as a matter of fact since *markers* are the norm
after the initial cycle .. (Dec 2009) .. it's far wiser to DCA if one
has the risk tolerance >> recognizing *patterns* in play
Wow.......
....something about fascination and money?
....need a license for financial advice ?
....never told anyone to DCA ?
Well one of us is batting 1000 predicting where this company was heading from the get go.....
My guess will be there will be a buyout announced within the next 12 months after the PPS keeps going lower as Heddle purposely does nothing at all.
All the filings and these recent loans just keep the company current so the shell can easily be transferred.
Getting a shell current again is far more expensive and draws the eye of the SEC scrutiny.....since you have to file all past due K's and Q's to get listed....than just borrowing money to keep filing now until the buyout.
He will keep the share count 'enviable' ( lol).....and make a offer in the bottom half of the subpenny range thereby acquiring the full shell with no shareholders that he doesn't want.
He will probably have to cut the recent 600k funding group in ....that cash has been targeted to just pay for filing each quarter.... after the buyout but that has already been done with a handshake and a wink.
Something like 80% of the OS is owned by insiders I believe.
The market cap is currently just below $1mm......meaning even right now at current prices to buyout retail would be about $250k +/-......give it a few months and he buys the company for even less.
Anyone who bought at the dip to around $6 or below is looking at a 15%+/- return.
Many day traders set sell limits at around 10% profit.
This has always been a great traders stock under those perameters since the swings here cover that often.
Question is who is selling any shares at this time?
Wonder how those billionaires feel about having Irons help in robbing their money.... and the stock he helped them invest in is now subpenny ?
He is a complete sleazebag.
Previously, Mr. Irons worked as the sole investor relations contact for a public company with a market cap ranging from $12 million to $150 million with over 6,000 shareholders, and assisted in the closing of over $20 million in equity capital, preferred stock, and secured debt financing from high net worth individuals, including several billionaires, as well as institutions.
Wonder if that bonehead lists his 'analysis' and results of his turn in the P2O barrel ?
Without naming names he implies he fought real hard for Heddle to be CEO......wonder how he feels about it at $0.008 ?
Subpenny gamblers ???
Item 2. Identity and Background.
(a) through (c) and (f)
This statement is being filed by the individuals and entities listed below (each a “Reporting Person” and, collectively, the “Reporting Persons”). The information contained on the cover pages to this Schedule 13D is incorporated herein by reference.
Name
Residence or
Business Address
Present Principal Occupation and the Name, Principal
Business and Address of Any
Entity in which such Occupation is Conducted
Michael B. Dorrell 717 Fifth Avenue
Floor 14
New York, NY 10022
Senior Managing Director
Stonepeak Infrastructure Partners
717 Fifth Avenue
Floor 14
New York, NY 10022
Murray Edward Bleach 28 Arnold Street
Killara NSW 2071
Australia
Corporate Director
Peter J. Bruce 125 W. 55th Street
New York, NY 10019
Investment Banker
Macquarie Capital
125 W. 55th Street
New York, NY 10019
Michael R. Colton One Curzon Street
London W1J 5HD
United Kingdon
Counsel
Lasalle Investment Management
One Curzon Street
London W1J 5HD
United Kingdon
Henry M. Dietrich 55 E. 52nd Street
34th Floor
New York, NY 10055
Principal
First Avenue
55 E. 52nd Street
34th Floor
New York, NY 10055
Melissa Bridgeford Doering
135 East 57th Street
New York, NY 10022
Investment Management
Guggenheim Real Estate
135 East 57th Street
New York, NY 10022
Richard Dunn Piazza d’Aracoeli
3 Rome, 00186 Italy
Private Investor
Kenneth T. Friedman 27800 Pacific Coast
Highway
Malibu, CA 90265
Private Investor
Friedman Enterprises
27800 Pacific Coast Highway
Malibu, CA 90265
Glikbarg Revocable Trust 200 W. Victoria Street
Santa Barbara, CA 93101
n/a
R.N. Gold & Company, Inc. Profit Sharing Pension Trust
19 Rowayton Avenue
Rowayton, CT 06853
n/a
--------------------------------------------------------------------------------
CUSIP No. 88575M 20 0 Page 23 of 30
Asami Ishimaru 1049 Fifth Avenue
New York, NY 10028
Retired
Craig Linden 1049 Fifth Avenue
New York, NY 10028
Independent Contractor
Meyer & Doreen Luskin Family Trust
1884 Mango Way
Los Angeles, CA 90049
n/a
Samuel May 350 South Grande Avenue
Los Angeles, CA 90071
Accountant
PricewaterhouseCoopers LLP
350 South Grande Avenue
Los Angeles, CA 90071
Moreno Energy, Inc. 8818 Stable Crest Blvd
Houston, TX 77024
n/a
Duncan D. Murdoch 125 W. 55th Street
New York, NY 10019
Senior Managing Director
Macquarie Capital
125 W. 55th Street
New York, NY 10019
Sherwin N. Scott 21090 North Pima Road
Scottsdale, AZ 85255
Private Investor
Luke R. Taylor 717 Fifth Avenue
Floor 14
New York, NY 10022
Private Equity
Stonepeak Infrastructure Partners
717 Fifth Avenue
Floor 14
New York, NY 10022
Trent D. Vichie 717 Fifth Avenue
Floor 14
New York, NY 10022
Fund Manager
Stonepeak Infrastructure Partners
717 Fifth Avenue
Floor 14
New York, NY 10022
Lawrence A. Weinstein
919 South Grand Avenue
Los Angeles, CA 90015
Director
Fashion Institute of Design and Merchandising
919 South Grand Avenue
Los Angeles, CA 90015
(d) and (e)
During the last five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was or is subject to a judgment, decree or final order enjoining future violation of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
So funny now......one month before Heddle 'wrested' back the company..... lmfao
I feel it imperative that shareholders are informed of certain activities regarding the seating of a new Board of Directors.
I cannot disclose everything, due to certain legalities, but I do believe that there is much I can present.
After the disclosure of the Investor Group side letter, as conditional to financing of May 2012, I undertook to find the best Board possible.
Over the course of many months, and working with the NACD, the CDG and the Boston Club, I accumulated a large number of resumes of prospective candidates.
I evaluated those resumes to find those who most closely aligned to the Qualifications dictated by the Investor Group side letter. The bar was set so high that I was unable to find 5 such qualified candidates, but most met at least two of three qualifications, and two met all three of the qualifications.
It had been suggested that having all candidates meet all qualifications was not necessarily expected, and that the Investor Group could give waivers for candidates.
Of those possibilities, I narrowed the field to 9 prospective candidates, 2 of whom met all qualifications. I then interviewed the candidates, and put them in contact with each other to form a prospective slate of candidates that could work well together.
This slate was constructed through interview of candidates, construction of a skill matrix to align key skills with the needs of JBI, Inc., and through interaction of all involved.
This slate was comprised of highly regarded candidates sitting on public, non-profit and for-profit companies. Most were Master Professional Director qualified. Many had been CEO’s in their own right and/or CFO’s. Some had recognition of Director Organizations and outside agencies. The candidates themselves were impressed by the prospective slate.
These candidates were not seated primarily due to the influence of those same investors, or, more precisely, due to the influence of one in particular.
Immediately following the financing and the side letter, several of those investors, with signed NDA’s, acted as advisory counsel to management. They have had direct influence on management activity, with weekly and often daily conference calls to discuss issues.
By late November I felt I was in a position to present the slate of candidates to the Board of Directors for consideration, and was prepared to reject any or all, to retailor the slate as needed, but hoped for the acceptance of the slate.
Kevin Rauber and Matt Ingham expressed to me how impressed they were with those candidates.
The last part of the Due Diligence process was for those candidates to meet with management and key investors at the Niagara Falls facility. That meeting was tentatively set for the first week of January.
On December 26th, however, Kevin Rauber indicated that the meeting time was not good, and suggested the end of January. The meeting was thus rescheduled to that time.
In the first week of January, Kevin Rauber indicated that he did not like some of the candidates, and wanted to seat others suggested by the Investors acting as council to him. We held long conference calls with that one key Investor who held majority control, by his own admission, due to influence with other signatories. That individual indicated he would give no waiver for any candidate other than those he wanted. He said that no waiver would be given to any of the candidates on my slate.
I did not give up, and continued the argument to seat the best Board possible, as none of his candidates met the criteria, with one notable exception, nor had the experience of those of my slate. I suggested the compromise of a board consisting of three of my candidates and two of his.
After another lengthy conference call, involving another influential Investor, as well as the one previously noted, I conceded to them under the understanding that they intended to seat the Board in timely fashion, and would continue to seek qualified candidates to fill out the Board.
That it has not happened is due directly to that one key investor. I shall also note, that it is my firm opinion that it is due to his direct influence on management that Tony Bogolin was named as CEO despite a qualified CEO having been willing to accept the position.
It is my understanding that shareholders can call a special proxy to seat a Board, so long as the individual or group has at least 10% ownership, and consideration of candidates is being done by some shareholders at this time.
Despite all the commentary to the contrary the reason it hasn't dropped is someone(s) who is a trader with a prop account is trying diligently to keep PTOI share price above a penny.
And most likely this is the same entity(s) who has manipulated the PTOI pps on an uptick at the end of the day for years to skew certain technicals to the upside.
Read this and it explains exactly what and who is controlling the PPS of PTOI from going subpenny.
There is no "thinking" these are the facts, you can either choose to accecpt them or ignore them, that is up to you. N00bs are the only ones who think that MMs are "out to get them" and "hold stocks down". Experienced traders actually know how they work. MMs make money on the spread, they very very very rarely ever hold shares long, and don't care what price they buy or sell at, as again the make money on the spread.
I am sure you use a big broker like Etrade or TDA, where all you do is put in your order and hit submit and it magically shows up in the market at what price you picked. I use a prop trader that allows you to enter in manual routes, select what ever market maker you want, and even hide shares. When you see people down ticking, bid up ticking, etc, that is simply someone who has access to a direct route trading account that allows people to select what ever MMs they want and move them to what ever price points they want.
I could literally go on there, and place sell orders on the ask side at 5 different price points, using 5 different market makers. If you were watching level 2, I am sure you would be screaming about how the "MMs are stacking the ask" and "playing their games". The MMs didn't do anything that I didn't tell them to do.
....that is how this works. If you see the bid up ticking, or a lot of people stacking the ask, those are NOT the market makers doing that on their own, thats people using them and setting them up like that.
Market maker manipulation is very real, but its done by traders not the market makers. Market makers are simply automated computers that are there to add liquidity to the market by buying and selling peoples shares. They don't have some "agenda" where they are trying to knock down the pps or raise it up. They don't trade the same way human traders trade. The sooner you learn these facts the smarter you will be when it comes to trading....
What happened to buying up the float when it reached one cent ?
lmfao.
Maybe Rubbadubba is rethinking the effort level involved with part of a salary based on $.0.01 shares.
Protesting won't make a POS average pyrolysis machine operate as if it could turn a profit.....they can't.
So what is the protest about ? The fact Heddle can't fool anyone into thinking it can and unloading one ?
Even if he could fool someone into buying this piece of junk that one sale won't save the company or move the share price......it just pays Heddle back his loan.
So in reality you want to organize a protest to convince Heddle he needs to scam someone to buy his normal money losing pyrolysis machine so he can get his money back while shareholders still get stiffed.
Seems like a worthwhile endeavor.
LMFAO.
PTOI..1 penny..AUG 2017
It is a complete mystery.
Even one sale doesn't pay Heddle off and will do basically nothing to the stock price.
And this company would need continued sales and can't get one.
The licensing angle produces jack crap in revenue if it ever happens.
There is no reason for this so called company to even be in business based on possible returns.
He is an idiot.
Wait....so this mysterious 'southern company's was never actually buying a processor....or 30 processors ?
However, the parties continue to pursue joint opportunities for the sale of processors to third parties
My belief is they sold stock in order to raise the settlement cash...the final sum to he dispersed after lawyers and fees are deducted.
Wonder if anyone will step forward and claim ownership of that top honor fraud divvy !
LMFAO.
DO sold alot of shares to investors at some pretty high prices.
He didn't answer to retail but he surely was having to explain to the BOD why those investors were looking at major paper losses.
With the share price where it is all it would take is one or more institutional investor class to start squawking about dumping it all and the BOD would have to listen.
That action would crater an already low share price.
Let's not forget the Amgen deal had the caveat of purchasing $25million in common stock.
There are some very unhappy important players at the Advaxis table.
The batshitters will do everything but throw the kitchen sink at it to not see that happen.
Couch cushion change and kids lunch money included.
Expect a flurry of desperation ASK hits every time it gets near.
The public company now has a positive balance sheet, with revenues.
Bullshit....it is illiquid because there is almost zero interest in buying stock in a company that has had no operations, no sales , no revenue, and no profits.
It is a companies performance that drives volume and liquidity and under Bordynuik and Heddle the performance is either abysmal or nonexistent.
Hence nobody but a few penny stock gamblers will touch this crap.
Looks like every other dead illiquid POS stock.
What's interesting is that anybody would actually buy this garbage and call it an investment.
That sub penny mark is a psychological game over....as well as an admission many of us were always correct..... for the batshitters.
( Although in reality they always adjust quickly to it as the new norm once it happens for a few days).
Expect more of the same every time it gets close.
They will throw pocket change and their kids lunch money at the ASK if it's all they got to keep from seeing those double zeros.
A trader can a do "iceberg" sells on the ask where it only shows "X" amount of shares but every time someone slaps it replenishes itself.
Any trader with a prop account can set that up easily.
Somebody just flushed a huge amount of shares....like a million or so.
Fidelity was doing that yesterday as well.
Of course it was.
lmfao.
Anytime something is 'in the know' but can't be shared you can bet your 2 cent shares it's completely bullshit.
input from a P2O investor today
Hey....this POS turd got spanked by another longs dumpage to $0.0151 today.
When a POS companies stock drops from the $3-$1 range to $0.04 or $0.02 it's the exact same as trips.
Really.....what's the difference of a penny or two ?
LMFAO.
Unfortunately a sale of a machine or two will most likely not cause much PPS movement and if it does it will be short lived.
The overhang of underwater shareholders looking to 'make back some of our losses' will be far greater than anybody jumping in to invest in a company that might make one sale in 4-5-6 years.....and where all that revenue is going to go right back out the door to pay off its heavy debt.
It might attract some OTC POS penny stock traders but that will be all.
The company is deep in debt and who would be buying without knowing how more cash is coming in.
A one time sale won't change market sentiment.
telling that the one person who did source the A company's product ..
How many machines has Heddle sold since he became CEO of this POS company almost 4 years ago ?
LMFAO.