Replies to post #302601 on Plastic2Oil Inc (PTOI)

[loanranger]

"Zoned Dry Industrial with many uses."

Well, SOME uses:
https://thorold.civicweb.net/document/6200


I just noticed that the Lender on the Note(s) secured by the property is Hess Millwork Limited and not Lee Brain personally.

"as long as the seller assumes all environmental clean-up liability for existing spills/ground water issues."
That could be expensive. And some of the stuff (they call it "fuel", but Google Earth shows 2 giant piles of crap {petcoke?} in May of 2013 that aren't there in June of 2014 and 8 trailers in Thorold in 2015 that weren't there before) that would have to be moved has been moved once already:

"At December 31, 2017 and 2016, the company’s accounts payable and accrued expenses included $132,217 and $132,218, respectively, outstanding balance due to Heddle Marine Services, a business controlled by Mr. Richard Heddle, the company’s Chief Executive Officer and member of the Company’s board of directors. The amounts payable arose from payments made in 2014 by Heddle Marine on behalf of the company to a logistics company to transport fuel from the Niagara Falls site to the blending tanks at our facility in Thorold, Ontario...."