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Dude, you have to get a little bit of a life. ???????
I believe Danolyte normally produces their own product under their own epa registration, but at one point they couldn’t keep up with demand and had PCTL produce hypochlorus acid for them under the Danolyte label. Hence, some of the pictures we have seen of the large containers with the Danolyte label being loaded on to semis and shipped from PCTL. I believe it was just temporary.
Good to see you over here, seen you around in a few others as well
Just a combination of dilution, people exiting, and fear all at the same time
You do realize that this is the 2019 financial report. He originally thought that by the 3rd quarter of 2020 the operating expenses would be covered. That expectation was before Covid and increased revenues from fluid sales. My guess is that they covered the burn rate starting in March, but didn’t change the statement in the 10k
I definitely agree, but my guess is most people won’t see it that way and instead view it as an inexperienced or pumping the stock CEO, and thus be scared away. Until some actual material news gets put out, many will be hesitant to trust it again is my guess.
Most likely it was a combination of things. Looks like around 70 mil. shares were dumped. At the same time you probably had a coordinated sell off, this triggered more to sell, on top of that probably had stop losses getting taken out. The CEOs tweets last night don’t look good either, wouldn’t be surprised to see this sink lower on Monday. Not sure though
Guys you have to start looking at previous posts or company prs
The product there are selling direct to consumer on their website is alcohol based, hopefully they put ours up there too. However, they do sell the mister with our product in it through other big box retailers
It’s CEO talk. Of course you could hire people and have the production going 24 hours and produce that many a week. Doesn’t mean they will ever need to do that. I’m invested in this company, but you guys have to calm down with the projections. Be realistic. Unlikely that they will need to be rolling out 800 a month. If we get anywhere near 50 a month we should all be ecstatic.
He said 200 a week
He hasn’t thrown the auditors under the bus. Other companies waiting on auditors have put in 8-ks that it is the auditor’s fault for the delay. Gary hasn’t said that publicly, but for those that call him, he has said the truth about the auditor dropping the ball. Relax and just wait, when the financials finally do drop, none of this will have mattered anyway
My only question would be why doesn’t Gary put out an 8-k saying the same thing if they have received a similar reply from the auditors
Hey agua77, actually when I talked to Gary he specifically mentioned how they have to be very careful about what they say their product can do and how they market it because of the EPA, and this is why they have been so careful in who they set up as a distributor. He said they had turned away 9 out of 10 companies wanting to be a distributor and it sounded like the main reason was that they couldn’t trust them to market the product responsibly. I believe if these rogue companies are doing the same it could come back to bite PCTL in the short term and get them in trouble. Obviously long term they could get it worked out legally, but that would be a pain and time consuming. I think he is trying to avoid that with that pr
I had asked Gary about this a few weeks ago, told him we had identified many companies that seemed to be using our product, and asked him if we were getting licensing fees from them, he said no, and then talked about how they vet everyone very throughly and turn many people down. I didn’t ask anything further, but took it to mean that maybe some of those companies were getting product from our distributors and not directly from us and that the revenue wouldn’t make it back to PCTL. But now it looks like he meant that these companies who claimed to be using our product weren’t using it all, just putting our registration number down.
Most likely many companies are using it illegally. Seems like what the update is telling us.
Look at the filing
Hey DE, any business updates?
I believe we currently have 17
I was worried about it as well. I was told it’s going well, progressing as expected. Things should really get going in August.
Private Message to me: The question that is uncertain is not just if Gary referred to saIes or profits. Did the 4 miIIion doIIar number refer to the whoIe year or onIy to a IittIe more than 6 months? Did it refer to the saIe of fIuid onIy or did it refer to the saIe of fIuid and machines? Or did it refer to revenues? I don'I know how precise Gary was in his conversation with you but the above are very important questions. If you are abIe to state more preciseIy what it referred to I suggest you state it on the board so that there is stiII unnecessary confusion about what he reaIIy referred to.
What I got from the conversation was that he referred to the whole year.
It also seemed as if he was referring to fluids and machines, however 4 million was a very conservative number and if they keep doing what they are doing it will far exceed it.
I don’t think it referred to revenues but to instead just to sales.
You have to realize we talked for almost 20 minutes and I didn’t take notes(next time I will). I could be mistaken on some details. I know those numbers sound disappointing to some, however I believe he was being overly conservative and the numbers will far exceed 4 mil.
Other things were mentioned as well and it appears business is booming in all sectors.
At the end told me to save his number and call him anytime. He seems to be an honest and open CEO, but just has gotten jammed up with the auditors. Of course I could be wrong. I believe we are headed in the right direction, but just need to be patient and as the sixers always say, “Trust the process.”
I won’t tell you everything he said, but trust me, things look very positive for the future on multiple fronts.
Yes I did, he did not misspeak, but it sounds like he was trying to keep expectation low, plans on beating that number
Just talked to Gary, it’s all on the auditors side. Everything sounds extremely positive from a business side. Looking forward to those financials being released.
What’s the latest DE? Have a feeling if they fins will drop this week?
Hey niczar, I understand that in those posts he doesn’t specifically mention the math of how he got there, but you have to look at some other posts, skitahoe for instance, where he runs some possibilities with different P/Es...he came to a possible .21 PPS with fairly conservative revenue. If all that DE says is true; the UK deal coming together, etc., then it’s easy to see how he could come to that estimation. DE has been forthright about what he has seen, hopefully his confidence is not misplaced
#117050 and #117085
I posted it, however, she also mentioned those “unusual circumstances” were tied with COVID-19. I’m hoping the holdup is all on the auditor’s side, but she didn’t specify.
DE has already given the reasons he thinks .49 is a reasonable target. It makes sense as long as the UK deal is truly on the move.
I left my number with the CFO and she said she would try to have Gary call me tomorrow. If I get anything new I’ll let you guys know.
I think we are golden in the long term, but I do think the short term, if no financials posted soon, will be tougher than we expected.
Just got off the phone with the CFO, very nice. She initially just they are working their hardest to get them completed. I asked if it was a hold up on their end or the auditors, she said that all she could say is “it’s unusual circumstances...don’t want to point fingers...they are both working very hard to complete them...unusual circumstances.” Take what you want from that, but it doesn’t sound like they are coming out in the next few days.
Hey DE, I know you gave that offer to Britt, but if you happened to send your math my way, I wouldn’t complain.
Evaluate, you have to be realistic with your expectations. It’s obvious that they are not running at full daily capacity. The way Gary worded it in the podcast shows that. The “sales” numbers he mentioned shows that as well. He made a conservative estimate. That’s what we should be doing here, not estimates based on full capacity running non-stop.
Hey DE,
Won’t be putting you on ignore, just answering his question. I trust you believe it will be out tomorrow, or at least you did when you wrote it.
#114728
Financials: The annual 10-K will be released next week and the 1st 10-Q will be released several days after that. PCT Ltd will strive to make filings on or before the required due dates going forward.
It came from multiple posters here. One being DE, who said Gary told him it would be this week. I believe another poster made a similar claim.
Hey DE,
Thanks for the continued updates. Truck looking good. Looking forward to the website coming online in August.
Hey Gary,
His website is earthsafesolutions.com
It’s on the truck as well.
Hey Evaluate,
I hope you are right, but you don’t know that for sure. The wording he used could have meant all revenues as well. We just don’t know. He has been unclear and indefinite multiple times, we can parse his words like that.
Cherry, 100% agreed. However, Gary has continued to say the filings are right around the corner, without being any more specific than that. On top of that, there are people that say they’ve talked to Gary and he is giving them fairly specific times, yet they get pushed back farther. Either, these dates are made up by posters, or Gary is giving false hope, that hope unrealized is killing the stock price.
Wouldn’t be surprised if the sells that are happening are “longs” that are losing faith.
Cherry,
We can’t focus on the money. We don’t have an idea of exactly what is coming in. Too many random figures have been thrown out, not just on this board, but from Gary himself. Until we start seeing filings, nobody knows for sure