It could be that Heddle made the loan and became CEO already knowing it was the end, and seeing it as a means to get JBI's property at a discount to expand his shipyard business when it JBI goes belly-up.
In that scenario, his deal with Bordynuik would be to string things out as long as possible before closing the doors, so that Bordynuik can take a few hundred more $K off the table in salary.
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