Replies to post #290816 on Plastic2Oil Inc (PTOI)

[lytnup]

How has the blending site been anything remotely resembling a cash cow? And if it was a potential cash cow how stupid has it been to let it sit idle for years?

As I posted previously - I believe it will be instructive to see how much revenue it brings to the company if they manage to lease it; hence the use of the word "potential". Much remains to be seen.

Then Heddle has virtually secured his loans just with just those properties alone.

If the values of the properties exceeds the value of his loans, and they are unencumbered by other claims, then.....perhaps.

You are saying he has made a zero risk loan with options upside.

I don't remember saying that at all. In my opinion, lending any company $4M+ when it has no revenues and trades on the OTC carries significant risk.

You make him sound more conniving than I do.

That would be a tall task. LOL.


If the theory is that Heddle is a conniving con man, bent on either bankrupting the company to steal whatever assets are left, or merely to liquidate the assets for scrap value, then every day that passes without seeing either of these events happen serves to undercut that theory. I don't believe that Heddle is perfect, but if he were only interested in absconding with any remaining assets, what has kept him from doing so by now?