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Btw.. as one of the longs here I've seen a lot of ups and downs on this board and a few "longs" have checked out over the last couple months never to be seen or heard from again.
When this happens, people start to panic and say "omg so and so is gone. They were a pumper/flipper all along" etc...
So just full disclosure: I'm going on vacation today for the next 2 weeks and I won't be around here much, if at all... Rest assured I'm watching though.
I say all that to say if the stock goes up, I haven't flipped and exited. If it goes down, I haven't bailed.
... I'm simply on vacation.
Yeah. I mean don't get me wrong. I don't want them to dilute any more than they have to. But that said, I'm here for the long haul. Not looking to flip for a few bills. So do what you gotta do to keep things right and current and steering in the right direction.
Seriously. Let them dilute and pay off all the notes as far as I'm concerned. Sure, the price will go down for a bit. I'll just load the boat and settle in for the long haul back to next summer.
Win-win as far as I'm concerned.
Yeah I'd find it pretty odd if they botched the PR so bad as to just "accidentally" put the name of a hospital in there that they have nothing to do with lol. So some monkey hit the wrong typewriter keys I expect.
Either way, it's all good news imho.
Little engine's just gotta keep chuggin' along. Keep them revs comin' in and keep doing what they gotta do.
The next 3-6 months will be quite telling for PCTL.
Re: The updated press release.
I'm not concerned about this btw. It reads to me like someone just mixed up two separate PRs and added them into one.
I'd be surprised if the SUNY Downstate Medical Center PR was inaccurate, at least in part.
It sounds to me like the 5 years, 500K deal is more with ACE than SUNY Downstate Medical Center. BUT it's like that they inked a deal with ACE to provide service TO SUNY Downstate Medical Center
The updated PR states:
lol. Someone screwed up I guess. Mixed up two PRs.
This board is a lot more enjoyable once you figure out who needs to get slapped with an Ignore button.
Thanks for coming to my TED Talk
Would think that 6 mil buy is a cross trade / dilution
MM Signals are kind of a myth. I wouldn't place much stock (pun not intended) in them.
Also, plenty of people buy stocks in blocks of 1000. No biggie.
From your lips to God's ears.
If this hits .50 I'm sending you a nice Edible Arrangement. Hope you like copious amounts of chocolate covered pineapple, bro.
This makes sense.
We'll probably never really know why Ontario (or Magnolia for that matter) fell through. But whatever the case, it seems obvious that for whatever reason the two sides just couldn't come to terms.
Who walked away? Who knows. And in the end it doesn't really matter.
Ontario was a good deal for right now; not so much for the future.
But if nothing else it seems likely that they tried to renegotiate the terms (probably at the very least not wanting to give up 51%) and the two sides just couldn't agree.
But one would think PCTL/Jody/Gary at least felt confident enough in their position to walk away and not take what was being given to them.
Was this in the works? Possibly. Probably. Ditto the UK deal. And others.
Likin' the way the EOY is shaping up and looking forward to seeing what 2020 brings.
That, to me, would make more sense honestly. But again, nothing to indicate it's happening.
I mean anything and everything is speculation at this point. But we'll see. They gotta do something.
The TIPS award is a nice industry award. It's not the Nobel Prize. It's a good thing and it's a feather in their cap... but a dozen other companies also won the innovation of the year award at the same time. Anyone check in on those companies?
I think many are making too much out of a relatively small time industry award.
It's a good thing. A very good thing even. Just don't over-inflate its significance.
I didn't say they're definitely going it alone. They'd be fools not to be looking for funding, financing, partnerships, etc...
I'm sure they are exploring all of these things.
But I think the speculation that Jody's old company is secretly behind the scenes buying up shares on the open market in advance of a buyout/merger/partnership is a somewhat unrealistic pipe dream at the moment.
There's no indication this is happening. All we have is some unusual looking trading activity and people speculating "oh this would make sense."
IF Jody's old company was getting involved it would be odd for him to bow out as CEO of PCTL if this was going to happen. We'd also have some indication that this was going on. There'd be a filing or a PR of some kind.
It doesn't mean that something isn't going on. I think it probably is. But there's nothing to indicate that CSA is going to swoop in like a savior any day now.
Not to burst the bubble, but I think speculation of a CSA merger is a pipe dream to be honest. I don't see any indication that this is happening. And if that was ideal for PCTL and if Jody had the juice to make that happen, it would have happened months ago.
They wouldn't have messed with Magnolia or Ontario. Jody would have just made a phone call and said "yep, we're doing this."
Where's the LOI? Where's the 8K? Where's the PR on it? From PCTL or CSA for that matter. Nothin'
...Or better yet, Jody wouldn't have stepped down from CSA to go run PCTL. He'd have just gone and bought PCTL and stayed with his 60 million dollar company.
Jody's experience with CSA is a selling point for PCT for investors. 100%. But I don't see any reason to think they're getting involved at this point.
Happy to be wrong on this one, but I think that's really just pure wishin' hopin' speculation at this point.
Bro, I made the wall????
I honestly don't see it that way and I don't know what else people expected them to do.
"tell the story".... of what? Of adding a new hospital every 5 months? What kind of story is that? Who would care? They PR that stuff when it happens. The New York Times isn't rushing to do a story on that.
"of big growth".... of what big growth? Adding a new hospital every 5 months? That's not big growth. They don't have big growth to talk about. They have the POTENTIAL for big growth.. the possibility of it... the promise of it... but it's not there yet.
"interviews with media"... again, about what? "Hi, we're PCTL. We have a lot of stuff we're planning on hopefully doing in the future but we haven't done them yet so please write a story about us, a company no ones ever heard of, regarding the things we're not doing yet but could totally be doing in the future at some point maybe."
You can't PR something that doesn't exist yet. So there's no story to tell.
There's a lot of things to like about PCTL but what is currently happening and what has happened in the last 4 months is not one of them.
The potential and the intrigue of PCTL is and has always been what could be coming in the future... that stuff hasn't happened yet. But the potential is there. For sure. If it wasn't, I wouldn't be adding to my position each week.
To be fair, I agree they could be better at shareholder communication. But again, about what? So they threw one or two things in an 8K that maybe should have been a separate PR.. fair point. But do you think that's the difference between us trading at .0018 and 0.50 right now? Hardly. They could be better about this stuff for sure, but that's not what's tanking the stock right now.
Serious question: what all do you folks think is happening that they're not talking about?
To an extent I think a lot of people think this company is much bigger and much further along than they actually are.
They're a small company with a handful of employees working out of a small facility. The fact that they've accomplished what they have this year is enough to be intriguing and sets them apart from a lot of other OTC companies... but it also hasn't led to a lot of tangible results as of yet.
They're working. They're adding new sales to their ledger. They're growing and expanding. But it's a slow process. It's hard to get a disinfectant technology into a hospital. There's a lot of red tape to sort through and a lot of people need to sign off on it. It's not like selling someone some Tupperware at Costco.
The eyes were on PCTL this summer and the price went up for absolutely 100% no other reason than because of the pending Ontario deal. Anyone who thinks or says otherwise is incorrect and either lying to themselves or to others. When that deal fell through, the stock went down and it's a no-brainer that it would. If the Ontario deal had never been a possibility, we'd likely have kept trading in this area over the last 4 months, with little ups and downs along the way.
This is just a regression to the mean. The waters receding after the storm.
But for all the shortcomings, they're chugging along. Adding new hospitals, expanding internationally, etc.
But ya can't PR something and you can't call "Good Morning, America" to talk about stuff that aint there yet.
If the Ontario Deal had never been a possibility, we'd have kept at these levels. So for anyone who has been here since the pre-Ontario days, this is where we'd have been all along. Don't look at the stock as "being down"- it isn't down. At least not by much. It's down from where it WAS but it was only up there because of something that never came to fruition. So this is expected. And when you add in the dilution, it's no surprise that we're here at the moment.
Patience, grasshopper. We'll be fine long-term but you're gonna have to wait 3-6 months for the turnaround. Might be a little bit rocky along the way but as long as they keep doing what they need to do, keep expanding, and keep chugging along, the rest will come.
Long n' Strong baby.
Agreed. The October dilution would not be covered by this report. But we will see some of it for sure that went on in the late summer.
My overall point is that no one should freak out over seeing things that we already knew were occurring.
Keep in mind that this Q might include information on the current round of dilution so it's entirely possible this Q doesn't look "great" from a surface level view.
However, if you're invested, I'd just advise people to look at the good parts of the Q. We know dilution is happening and that it's likely a large amount. That's not to say that anyone should ever ignore the bad parts of a report. That's foolish. I'm saying no one should overly panic if we get "bad news" that we already 100% knew was going to be in there anyway. Should be baked into the cake at this point.
That said, the Q should give us a glimpse into the new share structure, their recent sales, and increasing revenue, and perhaps future plans.
The point is this: The 10Q due in November will be for Q3 (July-September). Everyone should expect to see information in there regarding dilution which we already know is occurring.... so don't freak out over it if it just shows what we should already be expecting to see lol.
Instead, look at the sales. Are they increasing? Look at revenue? Is it increasing? Etc, etc, etc.
It's a very fair point. Most will sell long before we see dollars... loooong before. And no one can blame them.
Few people invest in OTC stocks for the long-term. It's a series of waves and runs and if you're lucky enough to play them right and catch them right... more power to you.
I'm holding long.. but I won't be holding the bulk of my position wishing for a dollar. There'll be some plays along the way.
But... anyone who does hold onto the bulk of their position until such a time as we see a ridiculous run... more power to you as well. Balls of steel.
I'm always here. I just don't always post.
........ is that a Chicago reference?
Shoutout to the dude who just placed 12 separate buy orders for the same amount lol.
Indeed
Indeed. I'd be happy to be able to hold on to this for over a year.
I see no indication that a reverse split would be forthcoming or that it would be beneficial for them to do it at this point. You'd have to RS at like 1000:1 or more to potentially get the price high enough to uplist to a major exchange.
Given all that is going on, the changes in structure, expansion to the UK, the fall in price over the last couple months, and the looming debt due to toxic notes, etc... I doubt their goal is to uplist at this point.
That may be their ultimate goal- and they've stated as much in recent filings.. but I can't see that their priority right now is uplisting. It's likely taking care of their debt- which is as it should be.
But if we're just speculating.... if PCTL were to do a R/S it would depend on why, when, etc. and what other factors are in play that would decide what I'd do.
But I feel very, very, very strongly that with everything going on they're not just deciding that now is the time to try and uplist. The value of the company remains the same. The potential remains the same. The debt remains the same, the sales and revenue remain the same, etc..
With the indication that they expect a steady flow of orders from UK hospitals in 2020, I'd be looking to hold for a bit longer than that imho.
At least the bulk of my position will be held until at least the end of Q1 2020 to see where we're at with that.
No I know why a company would do it, I just don't see as it would be beneficial at the moment to do it.
The price would go up... and then come right the f back down.
So convert it all to common and drive the price up!
I don’t see how a RS would help them at this point or why it would make sense for them to do it
I believe this is what Gary has previously indicated that 20-25ish systems would be their break even point.
But I’m not 100% sure that’s confirmed. Even if it is, I’m not sure if that was just a ballpark number or a definitive statement
Do we know anything about the AG trial that was ending this month? That would be a sizable order if it all panned out and they got all those large machines in there.
It's gonna happen as long as it's gonna happen until they're done covering what they have to cover.
But as I've said more than a few times- if you're getting into PCTL right now.. you need to be prepared to hold this for at least 3-6 months, if not longer.
Anything can happen, but I'm not personally holding out any hope for this stock being where I want it to be until at least Q1 of 2020.
But hey, happy to be proven wrong on that and see the windfall happen earlier
It's probably good news for the company overall. Though the market may react poorly to a CEO stepping down- even if he's still heavily involved.
Doubt it moves the needle THAT much though.
Do we know that Jody went to the UK recently? I mean, it's not surprising, given that they set up PCT Europe this past February 2019 (fact check me on the date)
To be fair... Gary was CEO and then Jody took over as CEO and now they're basically swapping back.
If we're being honest, this doesn't typically happen so I would think perhaps this is most likely about something other than Jody just deciding he'd rather have a lesser position.
It doesn't mean it's not the right move for the company though.
Just to break this down for all:
Jody was CEO of PCT Ltd and its subsidiary PCT Corp. PCT Corp is: PCT Health, PCT Agriculture, and PCT Oil & Gas.
On October 4, 2019, F. Jody Read stepped down from his position as Chief Executive Officer of the Registrant (PCT LTD) due to increased workload in the Registrant’s wholly-owned operating subsidiary (PCT Corp).
Mr. Read remains as a director and Chief Operating Officer of the Registrant (PCT Corp).
------
If we're to take this statement at face value, Jody became too busy working with PCT Corp (PCT Health, PCT Agriculture, and PCT Oil & Gas) to serve as CEO of both entities.
Though he is still director and COO of PCT Ltd
If we take this at face value, this is not a bad thing. This puts Gary back as the head honcho while Jody can concentrate on the day to day growth and operations of the company- which is something he's probably better suited to, given his experience and history.
Hard to guess how the market reacts to this come Monday, but I don't think this is necessarily a bad thing.
Maybe they're covering ALL the notes right now and not just the ones which are due.
If he says it once more he gets a set of steak knives tho
That's how you grow them stax
I had a 6 digit trade go through earlier today. It just happens sometimes. It's not an indication that it's an MM play.