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Here is a response to a shareholders questions, posted this morning on another board...
Dear investors, thank you for your attention and support to the company, and reply to the relevant questions as follows:
The shareholders' joint letter was not accepted by Nasdaq because the number of signatures was not enough and did not meet the requirements, but the company is still seeking all available plans and methods with the help of the listed company's advisory law firm to return to the Nasdaq Capital market as soon as possible.
The operation of the Site2 has been delayed due to uncontrollable factors such as weather and transportation accidents, but it is expected to be put into operation by the end of next week.
The deal for Site3 is still under negotiation.
Thank you for your interest in our company and your investment in our stock. We understand your expectations and concerns regarding share buy-back.
However, the decision to buy back shares involves a number of factors such as the company's financial health, operating strategy, and long-term growth. We need to fully consider these factors in order to make decisions that are in the best interest of the company and all shareholders.
At present, we are actively studying and evaluating various possible strategies, as well as various ways of working on capital. We firmly believe that only the long-term and stable development of the company can bring greater benefits to shareholders. We will continue our efforts to improve the company's performance and improve shareholder returns. We look forward to your understanding and support in this process.
We will seriously consider your suggestions, and if there is a share buy-back plan in the later stage, we will make relevant announcements in a timely manner as required.
The stock price in the secondary market is affected by multiple factors such as the macroeconomic environment, industry policy adjustment, capital flow stage, financial market situation and the company's own fundamentals.
At present, the company's production and operation conditions are good, and the Bitcoin market is showing an amazing and stable development trend.
In the future, the Company will continue to do a good job in operation and management, strive to improve profitability and achieve sustainable development, in order to promote the steady growth of the company's value. The specific information is subject to the company's subsequent disclosure announcement, the company will strictly abide by the rules and regulations of information disclosure, timely and accurately fulfill the disclosure obligations.
The Antminer S-19k Pro uses a new generation of ASIC chips with up to 120T of hash-rate, which can process a large amount of data in a short period of time and improve mining efficiency, it is one of the most powerful mining machines on the market today. At the same time, it has a power consumption ratio of 23J/T, which has high energy efficiency.
Now I understand.
You are correct, if they had done something irredeemable they would have been booted already. The panel can take from 2-4 weeks for a final decision and even then, it can be appealed:
"The Panel Decision will provide notice that the Company may appeal the Panel Decision to the Listing Council within 15 calendar days of the date of the Decision and that the Decision may be called for review by the Listing Council within 45 calendar days from the date of the Decision."
My gut tells me the company is working with NASDAQ to resolve the issues but we will noy know anything until the company issue a Press Release or NASDAQ issues a determination.
You may want to read more about it here: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/Nasdaq%205800%20Series
Hope that helps answer your question.
GLTY
Not sure I understand the question. What do you mean "Why didn't everything close on the 27th?"
The final electrical is completed. Once inspected and approved by the City of Abilene, the site can be energized and commence mining operations.
I am just off the phone with one of the electrical contractors and everything on site is ready to energize.
I will be holding until the halving at minimum. If it is shorted as much as I think it is, this could go parabolic before settling back down to a fair market value.
GLTY and have a great weekend.
Video of the 2nd site shot on 23 Feb 2024
Video of the 2nd site shot on 9 Feb 2024
Should be an announcement on the 2nd site soon as it is almost completed.
Full video available here: https://discord.gg/Bw2aJKpt
From the press release... Bit Brother Limited (the "Company," "we", or "Bit Brother") (NASDAQ: BETS) is pleased to announce it purchased 3300 units of Antminer S19 miners, injecting powerful momentum into its Bitcoin mining operations.
It does not state they were planning to purchase, or thinking about purchasing... enough said.
That was from a reporter on Bezinga who apparently did not understand what was written or does not have a grasp on the English language.
by Henry Khederian, Benzinga Editor...
"The company also decided to conduct a reverse split to prevent their share price from falling below $0.01 for five consecutive days."
Obviously the above is not correct. If you want the correct info, go straight to the source.
With due respect...
The Company agreed to effectuate a reverse split in the event the closing bid price of the Class A ordinary share trades below $0.01 (closing price) for five consecutive trading days.
They could still come into compliance organically on good news.
They could also drive and hold the price below $0.01 for five (5) consecutive days to force the reverse split.
Caution is warranted but I am in and holding regardless as BTC will see new highs in 2024 and $BETS will be ramping up their mining operations by 130% in January.
GLTA
$BETS I am very new here and liking what I am seeing. It is a high risk/high reward stock but with a private investor taking a 6.5% stake in the company and the company issuing shares for an employee incentive plan, it is tilting more and more to the high reward side of the equation.
Just a little good news from the company and the SP should head up rather quickly IMO.
You can view the wallet here...
https://www.blockchain.com/explorer/addresses/btc/37frzvqQeAzf6hWj4J9zrEzZf4WJoo3sRR
$PCTL... $600k in 60 days
Currently on a job in Indonesia and the operator just spent over $600k in the last 60 days on KCL. Anyone that has been following the developments with O&G already know that PCT's Catholyte is more effective then KCL.
The recent expansion in Oklahoma and Texas tells me the word is getting out, albeit slowly.
Best to all "Real" shareholders and longs. Flippers and Carpers need not reply.
$PCTL... up 27% on the day and 75% on the week.
Something a paid carper would never point out.
$PCTL...
$PCTL... always happy to help the paid carpers 24/7/365.
$PCTL Wow... almost 2M traded and over 3M on the bid!
Looks like the ARS was a good move for the company.
$PCTL... I checked the research (site referenced) and it states nothing about killing White Powdery Mildew (WPM), Botrytis (Bud Rot), Alternaria or Septoria Leaf Spot, all major problems in the cannabis industry.
In fact, the products on the website are not suitable for foliar application and as such, the research is flawed as are the statement made regarding $PCTL
$PCTL... Oil India will expand its drilling activity by 50% this year, expand exploration to new areas, and deploy enhanced oil recovery techniques in matured fields to substantially boost output, its chairman has said.
Many companies in the U.S. and abroad are looking for economical EOR solutions, the kind of solutions PCT and 21st CES have developed.
11 days or less to filings.
GLTY
$PCTL... Colombia is targeting a 15% increase in crude oil output by using enhanced oil recovery technologies to take advantage of higher energy prices, even as it pushes towards decarbonization, Minister for Mines and Energy Irene Velez said in an interview.
Filings coming... 11 days or less.
GLTY
$PCTL... Wow, up another 9% Friday!
Up 17% this past week and 235% so far this quarter.
GLTY
$PCTL... could it be they are in talks?
$PCTL... I think $1.2M to $2.7M for 2023 after CapEx is possible now that they have reduced their overhead.
With 10 machines running in O&G and another 5-10 going out to a mid-west company in the next month or so, business is looking much better. If they can expand to a few machines in each of the Top 10 basins over the next 7 months, PCTL could easily do over $6M in 2024 after CapEx.
(figures based on conservative lease and royalty rates and 85% utilization)
JMO - GLTA
$PCTL You are correct sir...
"According to the National Institute for Occupational Safety and Health (NIOSH), H2S environmental concentrations of 100ppm are immediately dangerous to life or health, concentrations greater than 500 ppm can cause a person to collapse within five minutes, and concentrations exceeding 700 ppm can cause immediate collapse, and death, within just one or two breaths."
Previous results in the Permian Basin confirmed that PCT's biocide was very effective at combating Hydrogen Sulfide (H2S) at the source, eliminating the need for expensive surface equipment such as scrubbers, cascade systems and breathing apparatus. By removing the cause of H2S at the source, the produced oil is sweet and commands a higher gate price.
Ref: OSHA Fatal Facts
$PCTL I don’t know shit about healthcare…
but I have been involved in the oilfield for over 40 years and I know that in the current political and environmental climate in the United States in regards to Drilling and Production, companies are looking for efficient, cost effective and environmentally friendly solutions to increase production and the fluids generated by PCT’s equipment check all 3 boxes.
Biocides and Surfactants are used in the drilling stage as well as the primary, secondary and tertiary recovery stages of an Oil & Gas well. And as for the size of the drilling fluids market, it is only going to grow from here.
[
If PCT can get their act together, and I believe the quiet period we are experiencing is PCT trying to do just that, then 21st Century Energy Solutions is a thoroughbred in the starting gate in my opinion.
The service provider in the Permian Basin expanding their facility to house more equipment is just one indicator that the equipment and fluids are working well in the largest oil producing basin in the United States.
Another indicator are the results from the producer in the Anadarko Basin that had an increase in production of over 500% on their initial single well intervention/stimulation. I did many hours of research into that and prior to the well intervention/stimulation using PCT’s fluids, the lease was generating roughly $725k a year. If the producer treated all active wells on the lease and realized just half of that increase, that lease would have the potential to generate over $2M annually.
I am not advocating for PCT one way or another, I am simply posting my view since it has been a while since I have posted publicly and will be a while before I do so again.
Some say the key dates for PCT will be the 10-K and 10-Q. My key date for increasing/decreasing holdings, currently well over 10M, will be 30 April 2023. Whether you are buying, selling or holding, do your own DD and avoid the noise as it is just a distraction.
Wishing everyone the best and see you again in April.
The Oil & Gas industry is cyclical in nature. In 2020 Exxon Mobil lost $22 Billion but came back to generate a profit of $23 Billion in 2021.
21st Century Energy Solutions, currently a subsidiary of PCT, will be able to generate profits in both up and down market cycles as their equipment and fluids are more effective, efficient and economical compared to other technologies employed in todays oilfields.
HSE (Health, Safety and Environmental) concerns are at the top of the list with 95% of Operators and Contractors today. 21st Century Energy Solutions checks all three boxes in that department.
As can be seen by recent marketing and company announcements, PCT has penetrated the Oil & Gas sector and they are gaining momentum. Whether they spin-off or keep it as a subsidiary, 21st Century Energy Solutions will be very profitable with the current trajectory IMHO.
As another member like to say... "paytience" pays off.
$PCTL Up 3.8% on the day and 12.5% on the week.
Enough said. Have a great weekend!
$PCTL to me it means they see value in spinning off the energy division into an independent company.
Why would an Oil guy invest in Healthcare and why would a Healthcare professional invest in an O&G company?
Makes sense to me to give each a separate identity... now just need the details.
$PCTL "Our forecasts call for $5-$10 million in revenue for just the Oil and Gas business over the next twelve months."
That statement was made in a PR issued on June 07, 2022 10:40 AM Eastern Daylight Time. I am not the sharpest tool in the shed when it comes to financial matters but fairly certain that "over the next 12 months" means we still have 5+ months to go for the company to meet that projection.
It may also be the reason they announced a re-branding in August 2022 and the Spin-off of 21st Century Energy in January 2023.
Can't call bullshit unless they miss the announced time frame IMHO.