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I think it could move. Super thin
80,000 more units should’ve been sold this week according to the latest PR. That’s another half million dollars in revenue this week.
Yep I agree. Close about .03 would be ok.
Nice score
Agreed
Needs some news or updates. Then she will run.
Yep, I’ll take the green close.
Let’s roll!!!!
I hear ya. But, yea, either way it looks good. Can’t wait to hear what the numbers are.
They’re selling in bulk (10,000 unit minimum) on line for 6-7 a piece.
https://shopmtn.com/products/anti-microbial-vinyl-protective-gown-box-of-10?gclid=EAIaIQobChMI48i5zbWf6QIVCpyzCh019gwzEAMYAyAAEgKgSfD_BwE&variant=31955545456718
It’s been churning a good bit the last 10 days. Big bids. Last time it hit the .03s it bounced and tested .10
With the ppe gowns revenue is already initiated. Just “how much” is the question
I think you are right
Average selling price online is between 6 and 7 bucks. That’s pretty good chunk of revenues.
I think it’s bigger than people realize. They’re actually going out and FINDING water for communities in rural areas and such. Their motto is “water is life” after all.
Agreed. Worth much more. But not a bad close.
Very thin
Ok, but let’s be realistic, in this case the company in question isn’t making enough money to pay back $100k much less $150k
The debt holders get more shares with less debt coming off the books. Not sure how You don’t understand that this is good for the debtholders and bad for people buying on the open market.
They get more shares to sell into the market for less money.
Say you are owed $100,000 in debt and can convert 50million shares.
After you convert Would you rather have $95,000 in debt owed to you and 50 million shares?
Or $90,000 in debt owed to you and 50 million shares?
—
Someone owes you $10 and they tell you “hey, I’ll give you this Coca Cola and then owe you $9.50” OR “I’ll give you this Coca-Cola and then owe you $9.00”
You’re obviously going to take the Coca-Cola and $9.50 del.
Well, it’s also not a $1.00 or a .50 stock as you suggested. So just substitute in the 61% OF math and it is still the same game. They get to convert more shares with less of their debt owed coming off the books. It’s a very easy Concept within the realms of toxic debt/toxic note financing.
Nah, BMP is correct on this one. I’ve done debt conversions plenty of times after loaning public companies 100s of thousands of dollars over the last decade. It’s absolutely Not a misconception.
Your math is wrong. Here is how it works. (It obviously changes due to percentage off to market)
You’ve got to start with the outstanding shares. If 500,000,000 shares is outstanding then they want just shy of 50,000,000 shares.
If the share price is 1.00 today and you take a 61% discount then you get the shares at a cost of .39
BUT, if you can force a dip in the price to say .50 then you can get the same amount of shares (just shy of 50million) at a cost of .195 due to discount.
Meaning you’re getting the same amount of share and your converting a smaller piece of your debt.
The the game is to let it trade back up to the original $1.00 before you sell again.
Debt holders would never lend money to a company for a 20% discount. By the time you add in opinion letter (250-350) for a simple opinion letter or closer to $1,000 for something like a 3a9 or a 4a1 opinion letter. Then you have a $995 broker fee to review the transaction. Then you have per trade fees and a percentage of the sale for commissions (if under .01 it’s a much higher fee than above .01). Not to mention DTC fees and capital gains taxes.
Yep, needs some catalysts some more news or updates
80,000 PPE gowns sold at the going rate of 6-7 bucks a piece and the company states they can ramp it up to 250,000 units per week!
.04 x .27 right now premarket. Always crazy to see how wide open this is before market gets going.
This one definitely likes to bounce around between .04 and .09. I wanna see .10 this week.
And that’s how you get such crazy decimal pricing out to the 5th and 6th decimal.
Lol PCTL agreed with this guy that the float is material information but, won’t release it to the market
PCTL does not utilize social media, chatrooms or other online sources to disclose material information. The public should only rely on official press releases and corporate filings for accurate and up to date information regarding PCTL.
— PCTL (@PCTL_) May 2, 2020
With pleasure, it’s not even up for debate. I just posted the link to Nasdaq requirements they don’t meet any of them and it would take a time frame of 2 years worth of revenues over 4 million for them to uplist to Nasdaq. PCTL has only been in operation for less than a year..... I’ll screen shot this post. Lol
Now, were you to say OTCQB all PCTL would have to do is pay the fee and they could go OTCQB
Absolutely not. Would be impossible. They would need 2 years of financials doing over the listing requirement. They don’t meet any of the qualifications.... it would take at a minimum 2022 if they started making millions of revenues at the beginning of this year. Which they haven’t done yet. Needs to be in operation for a MINUMUM Of 2 years. That’s not up for debate. That is sec regs.
https://listingcenter.nasdaq.com/assets/initialguide.pdf
PCTL ..... That’s really REALLY nasty toxic financing
Yea I think it’s just flippers right now. Remember, there were some folks who grabbed a few hundred thousand shares under .03 a few days ago.
ABOUT RENAVOTIO INFRATECH (RII)
RII is a holding company focused on infrastructure opportunities including Medical infrastructure, 5G, utility construction, utility management, IoT, water and waste management technology, medical infrastructure and related industries. RII initial targets along with recent medical protective gear is infrastructure companies with utility construction, consulting/operational agreements with small towns or county CO-OPS that operate their own water and sewer systems, providing long term savings utilizing smart utility monitoring and dedicated engineering and service personnel. These platforms capture utility data from handheld GPS devices or in place sensors, with planned use of drones for medical contamination, leak detection and topographic underground utility installation planning.
80,000 x $7 That’s $560,000 a week! $29mill/YEAR! If they can sell 250,000 Units/wk they are projecting that’s $91 mill/year in revs!
The current P/E ratio for Medical Supplies companies is 45. ( https://csimarket.com/Industry/industry_valuation_ttm.php?pe&ind=804 )
So, let’s stick to what we know, the LOW end of the sales the company already PR’d.
Company has 75,000,000 outstanding shares. So, let’s do the math.
Potentially $29,000,000 x 1(p/e) / 75,000,000 = .38 pps
With a price/earnings ratio of 45 would be $17 pps
Let’s just stick with the p/e of 1 and it’s still WAAAAAAY UNDERVALUED HERE!!!!
OTCX is a dirty shorter. Ugh.
Yea the trading isn’t looking bad at all. Looks like some accumulation
Agreed, pullbacks are healthy. I like the range. Next week will be fun.
Thin to silver
Don’t forget the 80,000 ppe units sold.