Heddle does have first right to virtually all PTOI assets which you say with two properties alone is massively undervalued at $2MM. So if you are correct his loans are more than covered in property and are virtually zero risk and he gets interest at 12% which is not too shabby. That is just common sense. And he has options for shares on that loan as well. So to recap if you are correct he has 12% money locked in with upside for options.
If he shuts things down he essentially has the same bills but none of the upside and he cannot pay those bills with shares like he does in some cases today. He basically gives up a source of income. So why not keep things open and hope he can score a pump and dump hit like he tried with EcoNav. There is nothing but upside and like I say his downside is covered. He is sitting perfect.
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