Plastic2Oil Inc (PTOI)

[jaxstraw]

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.