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Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna

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To: PaperProphet who wrote (53400)	9/15/2019 2:37:46 PM
From: PaperProphet	Read Replies (1) of 53574

There's a case to be made that PTOI's directors, Mr. Aspin and Mr. Brain, could be held liable for fraud as well. While I'm certain they don't know what's going on, they also are the directors and should be fully aware what's going on. They've been directors for about two years so it would be hard for them to plead ignorance. It's alright that they don't care enough to investigate for their own loans to PTOI but they also have a fiduciary duty to investors which they're shirking. My guess is that they're watching from afar and signing anything which Mr. Heddle slides under their noses. How is that the directors never stepped in to figure out what was happening with the Veridisyn deal? It was the only deal which PTOI had in the works for a long time and certainly worthy of some attention by the directors. For them to simply wiff on that issue should say something. For them to stay silent after the CEO announced last year that the $250,000 loan was to be used for restarting a processor but wasn't, says something else. "The Company secured additional debt financing commitments from two current directors for approximately $250,000 for the intended use of initially restarting one of its processors in such a way that should allow the Company to process used oils and film plastics." globenewswire.com I'm guessing Mr. Heddle appointed Mr. Aspin and Mr. Brain as directors specifically for dilution of culpability. If he steps down as CEO and the directors step in, he can happily exit with all the cash he paid himself from the property sale, the ironic settlement of PTOI's previous fraud suit from the insurance, the cash he paid himself from the directors' loans, etc....

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