Replies to post #247257 on Plastic2Oil Inc (PTOI)

[arvitar]

It's a LOAN with himself both as debtor and creditor.

He can change the terms of that loan in a second to make sure he doesn't lose his money.

On top of the 12% interest he pays himself, he also earns an extra six-figure salary just for being Bordynuik's puppet "CEO", while spending all his time in another city running his shipyard.

It's no-lose situation for Heddle, where he'll come out far ahead even when he shuts JBI down and gets all its assets.









SPLAT

[steelyeye]

Correct... and on the flip side nobody in their right mind puts up that kind of money to "control"
"worthless assets." But especially not someone who has a successful track record in business and has followed JBI for years.

I know I wouldn't put up $3 MILLION dollars of my own money, in a start-up company, if I wasn't positive it was a MEGA investment for the future. Besides, I think we have a CEO in place who understands big business, is a positive influence on the company overall