Plastic2Oil Inc (PTOI)

[ponzi_implosion]

12% interest on $3 million costs $360,000 per year without a penny toward the principal.
Does this interest compound?

One has to wonder any of Heddle's cohorts / connections / family / etc have (had) large holdings of JBI whose value could be obliterated if the company were to implode. Perhaps its just simple math that the $3 million 'invested' even if lost could be more than offset by the value of these potential shares as the are slowly sold into the market.