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Sunday, December 23, 2018 4:05:33 PM
What was the share price when this was "wrested back"?
Opened at 45 cents; closed at 46 cents on 8/14/2013 <--- wrested back date
"Effective on August 14, 2013, the Company appointed Mr. Richard Heddle as its new Chief Executive Officer and President and as a member of the Board."
PTOI has lost 98.15% under Heddle's control, to date.
They've also liquidated quite a few of the assets, and then consumed that money, without fixing the Flagship, which 'blew the F up' 4 months into Heddle's control (December 2013). A fact they hid for 6 months, while those 'in the know' dumped their shares.
It's still blown up. They don't have a heated tank, for Fuel Oil #6 (they sold it), so they can't reasonably restart production. They reclaimed their $100,000 bond covering fuel sales, so they can't reasonably make fuel and sell it.
I believe the Solid Waste Permit expires in 2019.
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