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So you like math? Guess what, so do I, so let's play.
You claim that because the pps is now .017, the conversion of $600,000.00 in notes to stock would result in about 35 million shares, not 700 million as I said. Sure, 600,000 divided by .017 35.29 million, but that's all you got right,
Take a look at the July conversions, they converted about $9,500.00 into about 10.5 million shares and you said the pps was low as .0035. Then, according to you, the conversion should have produced about 2.6 million shares. not 10.5 million.
The conversions in July were made a .00035 and at .0009 and since you stated that the low pps was .0035, it appears that conversions are made at 10% of the lowest pps. If that's the case, then the conversion of $600,000 would yield about 350 million shares, not 35 million.
Is there any wonder why the deal didn't go through? Why would the Canadians pay 4 cents a share when they can get them for $0.0009 a share just by borrowing them a few dollars? Remember, that toxic note was made this year.
Gee, how can anyone refer to these notes as toxic, lol.
The only time this stock goes up is during the weekend and after hours, and even then you need quite an imagination.
It's going to bounce in this range for a week or two, then we'll get news of a new LOI and how badly the last Q sucked.
But thanks for trying.
don't worry about that
Yeah, I forgot bro, Jody don't believe in deadlines, lol.
With such a tremendous cult following, I think the stock will be at .005 before most people catch on. If the dump occurs then, there's no telling where it will end up.
There has been a lot of good discussion and analysis of PCTL these last few days. It helps when the "to the moon" hype isn't around.
I can't understand why people want to label Jody an idiot and/or a liar. He explained why he missed the first closing date.....
Folks, I know that PCTL will receive a lot of unfounded criticism when they again fail to issue the 10Q and/or the 8K tomorrow, or next week or anytime after that. Always remember there are a lot of good reasons why they couldn't, but just in case some maybe a bit groggy from the long weekend, here's a small refresher.
It's a short week, can't get maximum exposure
The dog ate it, no kidding, I knew I should have never left them in a leather briefcase
Can't do it next week, that the first Friday the 13th of the year
Then we have National Cheese Pizza Day, followed by National Collect Rocks Day (fitting for this clunker), National Blame Someone Else Day, etc, etc....
I've looked over everything very carefully, and the earliest we can expect a release is in June of 2023, count on it!
Remember, the size of a dead cat bounce is limited, use care.
Here's some insight into the deal status, and it is the latest official word
I hear you.
I was considering buying when it went back to .0086 and hoping for a dead cat bounce. I don't know if I will now, we may have already seen the dead cat bounce.
Yes, the DD here is laughable.
You have beta testing, but no data, was it more or less efficient, did it increase or decrease the rate of infection? Then there are the orders, for what and how much? Is it possible the a hospital paid them just to go away?
But far and away the best one is that this stock is good buy because it only cost 2 cents a share. I guess there has never been a stock that went from 2 to zero, or even BK. Oh my!
Proof? Proof? That's not proof. Hell, it doesn't even rhyme.
word.....word....word
No word from da man, nothing at all, he don't write, an' he don't call
Ain't no 10Q, ain't no 8K, ain't no deal, no how, no way
Jody's back is against da wall, against da wall, an' feel'en small
Longs are nervous, got nothing to say, will they go or will they stay?
What's happening here? It ain't cool, we need John Wayne, he ain't no fool
What goes up, must come down, just a fact of life, no reason to frown
It's not my do'en, so don't be square, all I'm say'en is buyer beware
Dat's not new, we all know dat, I'm just say'en it with a little rap
Seeing glitter, some folks jumped, eyes seeing different began to dump
If this hits bottom without no news, a lot folks be sing'in the blues
Listen son, this ain't no jive, give us the 411 or we can't survive
Yes they matter, 8Ks count, the next rally you see may be a dead cat bounce
word.....word....word
Jody's back is against da wall, against da wall, an' he's feel'en small
Ain't no 10Q, ain't no 8K, ain't no deal, no how, no way
No word from da man, nothing at all, he don't write, an' he don't call
Longs are nervous, got nothing to say, will they go or will they stay?
What's happening here, it ain't cool, we need John Wayne, he ain't no fool
What goes up, must come down, just a fact of life, no reason to frown
It's not my do'en, don't be square, all I'm say'en is buyer beware
That's not new, we all know that, I'm just tell'en you with a little rap
word.....word....word
Jody's back is against da wall, against da wall, an' he's feel'en small
Ain't no 10Q, ain't no 8K, ain't no deal, no how, no way
No word from da man, nothing at all, he don't write, an' he don't call
Longs are nervous, got nothing to say, will they go or will they stay?
I totally agree. Jody running a real chitshow here
This isn't rocket science folks....
An 8-K is required to announce major events relevant to shareholders. Businesses have four business days to file an 8-K for most specified items.
When PCTL signed an LOI, which when executed would have resulted in a merger and a complete recapitalization, they issued the MANDATORY 8k which also stated,
Quote:
If a definitive agreement is not executed by the parties on or before July 30, 2019 (or such other date agreed to by the parties), the LOI will terminate.
You may be right. But if the Ontario deal has died , its possible there is another suitor.
But the fact is that PCTL previously did issue an 8K announcing the LOI extension on the 4th the business day following it's scheduled termination.
Now, even if one is able to convince oneself that the aforementioned 8k wasn't required or was just a coincidence or even a mirage, no one can possibly deny the positive affect on the share price and that if another extension had been agreed upon, we would have been told about it on or before August 23, 2019, either because they thought it was required or simply because they knew the impact that it would have.
We weren't told because there was no extension, therefore,
DING, DING, THE DEAL IS DEAD
We both agree that the termination of the LOI doesn't require an 8k.
You suggest that
What I perceive or what you perceive as material or important is irrelevant. It's what the SEC and their guidelines for filing have mandated that matter.
Talking about it is not a material event.
They could say this if they wanted to.... but if any of these things happened they would have to issue an 8K because these 4 things are explicitly listed by the SEC as events which trigger a mandatory 8K
As evidenced by the fact that they did not issue an 8K when their last deal fell through because, say it with me, they're not obligated to. It was instead disclosed in their 10Q several weeks after that termination date had passed.
An 8K would not be mandatory if the LOI was extended because the LOI already states that the dates are not set in stone and subject to whatever date is mutually agreed upon by the parties involved.
["If a definitive agreement is not executed..." If that was the case, we would've already seen that 8k stating the deal fell through. /quote]No, just the opposite. We were told that the LOI would terminte if not executed by a certain date, even the extension date. No further information would need be issued.
If a definitive agreement is not executed by the parties on or before July 30, 2019 (or such other date agreed to by the parties), the LOI will terminate.
This isn't rocket science folks....
An 8-K is required to announce major events relevant to shareholders. Businesses have four business days to file an 8-K for most specified items.
When PCTL signed an LOI, which when executed would have resulted in a merger and a complete recapitalization, they issued the MANDATORY 8k which also stated,
If a definitive agreement is not executed by the parties on or before July 30, 2019 (or such other date agreed to by the parties), the LOI will terminate.
No material agreement was entered into.
1 PCTL will disclose when they need to
but if they inked a deal they don't have to announce it lol,