Replies to post #247361 on Plastic2Oil Inc (PTOI)

[arvitar]

Wrong.

Heddle made 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 just shuts JBI down and gets all its assets.









SPLAT

[Rev Kilgore Mullet]

If JBI doesn't succeed then Heddle's cash is gone....period.

Not quite. What if Heddle pays himself $1.5 million in interest and compensation and keeps the company going long enough for he and his cronies to dump another $1.5 million of shares into the market? He would then have all of his money back and could sell JBI to another scammer for pure profit after acquiring the company or its assets through default or even operate a dilutive scam himself for awhile.

Whatever the outcome may be, the shareholders are hosed.