Replies to post #245676 on Plastic2Oil Inc (PTOI)

[arvitar]

Unless John Bordynuik's fraudulent lies magically become true, JBI goes bankrupt before it gets a chance to completely squander Heddle's loan.














SPLAT

[wEaReLeGiOn]

What happens when the $3MM goes "poof"? By my calculations the first tranche of $1MM has nearly been spent, leaving perhaps 3 months of operating capital; then what? Are we to assume the position and suppose that operations will turn cash positive, and that JBI will sustain itself?

Of course not. The 35¢ JBII non-existent AGM admission price is telegraphing that tune.

Heddle has a plan, and his plan is to make money..shareholders be damned.



So once again since not a dime is due for 5 years, the rest of the terms become noise for common shareholders. Either JBII is bust within 5 years or it's wildly successful within 5 years to the point where interest payments due 5 years are minor.