The Black Keys
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@PCTL_ riding on expired tags exhausted shares
Don’t be mislead; @PCTL_ / CEO / can’t perform / timely
https://horrycountytreasurer.qpaybill.com/Taxes/TaxesDetailsType4.aspx?receiptNo=237896221&recID=436445812
@PCTL_ should be responsible knowing they are going to be late with quarterly and file the NT today.
@PCTL_ illiquid & bankrupt seeing discounted products is not a signal of success for e commerce store.
PCT LTD remains dependent upon additional financing to continue operations. The Company intends to raise additional financing through private placements of its common stock and note payable issuances.
The expected costs for the next twelve months.....
Management projects these costs to total approximately $2,580,000.
https://fintel.io/doc/sec-pct-ltd-1119897-10q-2022-may-16-19128-6630
The Company recorded net income of $468,049 for the three-months ended March 31, 2022 and accumulated losses of $29,130,944 from inception through March 31, 2022.
https://fintel.io/doc/sec-pct-ltd-1119897-10q-2022-may-16-19128-6630
The authorized shares of common stock consists of 1,000,000,000
The number of shares of common stock outstanding as of March 31, 2022 and December 31, 2021 was 790,924,690 and 790,924,690, respectively.
The Company concluded that it only has sufficient shares to satisfy the conversion of some but not all of the outstanding convertible instruments.
https://fintel.io/doc/sec-pct-ltd-1119897-10q-2022-may-16-19128-6630
The Company has no lines of credit or other bank financing arrangements. The Company has financed operations to date through the proceeds of private placement of equity and debt instruments.
https://fintel.io/doc/sec-pct-ltd-1119897-10q-2022-may-16-19128-6630
The Company has limited assets, has an accumulated deficit of $29,130,944 and has negative cash flows from operations.
As of March 31, 2022, the Company had a working capital deficit of $4,209,210.
The Company has relied on raising debt and equity capital in order to fund its ongoing day-to-day operations and its corporate overhead.
https://fintel.io/doc/sec-pct-ltd-1119897-10q-2022-may-16-19128-6630
The financial information set forth below with respect to our statements of operations, stockholders? equity (deficit), and cash flows for the three-month periods ended March 31, 2022, and 2021 IS UNAUDITED.
https://fintel.io/doc/sec-pct-ltd-1119897-10q-2022-may-16-19128-6630
Ticker will get interest when @PCTL_ CEO makes history for oldest CEO ever arrested for securities fraud.
If @PCTL_ had a positive filing it would have been published already.
Has @PCTL_ mentioned anything about the reverse split or bankruptcy or are they going to increase the authorized?
.oo35¢ on NT10q no shares available to pay @PCTL_ CPA
Recent @PCTL_ tweet comments;
From Roger;
Sincerely asking, what has been accomplished since the end of Q1 to lead investors to believe $5million in revenues is still attainable for 2022? It would be poor to double down on the number then towards end of year say “deals fell through, sorry we misled”
From Lexiwillow;
Using a new public health emergency to sell a common disinfectant at markup prices.
What is the name for the human equivalent of a burning garbage patch? Because that's you.
From Peachbear;
So are you going to lower your prices or give it out for free or???
From Mark;
Hoax
It will be a good day for @PCTL_ when insiders also hold the CEO & BOD accountable
Thank U Rex I appreciate all your doing.
we ain’t selling Joe - Pay Up
Full Monty
Re dgly EPA distributor or licensing ambiguity. See page 13 of 16.
-Applied for, and received, our own EPA number
https://www.digitalallyinc.com/wp-content/uploads/2022/03/DigitalAlly_Investor-Relations.pdf
Happy Friday. 2 things - robinhood is starting to allow trading in OTC securities and up until 3-22 Dgly was using @PCTL_ epa number. I’m not sure what is up w Dgly I was told they have their own epa number &’tech now???? Page 55 shows this co epa number
https://www.tips-usa.com/assets/Vendorspdf/220101_CONTRACT_Safety_Equipment_Digital_Alloy.pdf
It’s impossible to find @PCTL_ products and services on vendors lists because the company only really sells stock (Not because the vendors and services are a secret).
Schools and hospitals and government purchasing, or procurement, departments disclose who and what they are doing business with.
Example
https://www.mass.gov/doc/fac85/download
https://www.mass.gov/service-details/healthcare-and-lab-products
Insiders pumping a phantom vendor, placing undisclosed equipment, in unverifiable locations. LOL did the Nigerian check clear?
@PCTL_ is not listed as a vendor or supplier on any institutional procurement sites. Beware of ambiguous and misleading statements being conveyed by the company and insiders.
2020 numbers ; As of January 21 2020 - the Company had 11 systems installed in 8 hospitals.
I believe 2022 @PCTL_ currently has less units in service
https://microcapdaily.com/big-days-for-pct-ltd-otcmkts-pctl/
"So, we finally have free available cash flow," he added. "We have to expand very rapidly. We see a need, starting in July, to start delivering at least 25 systems a month," said Grieco.
@PCTL_ scamming stock holders for years
Considering the magnitude of historical deception and likely securities fraud I don’t foresee anyone specifically specifying @PCTL_ products or services.
Everyone should be aware of the material misrepresentations and omissions in @PCTL_ communications. Many victim investors here have suffered significant losses.
@PCTL_ lies "We are in a position as a company on a cash flow basis to cover the burn-rate," said Grieco. "So, we finally have free available cash flow," he added.
@PCTL_ In light of those statements, the court could find that the alleged failure by the company to disclose the subsequent discovery of potentially-significant vulnerabilities amount to a material omission supporting securities fraud claims.
@PCTL_ only really sells stock - currently they are all out of stock to sell.
The registered agent @PCTL_ is barred from being a registered agent for money laundering and securities fraud and other serious charges; You don’t see a slight issue with that?
Ima betcha the SEC will....
(( so far three convicted felons (Roger the laundry man, Lap Dance Lou, and wall paper hangin Omega Pro S3 Sims) on the roster @PCTL_ ))
@PCTL_ registered agent arrest & conviction history bars him from acting as registered agent.
Coleman’s falsification of shareholder records and failure to comply with books and records requirements.
Coleman was indicted, convicted, and sentenced to 4 years’ probation for securities fraud for counterfeiting a stock certificate to be used as collateral for a bank loan.
The following year, Coleman was indicted, convicted, and sentenced to 24 months’ imprisonment, followed by 2 years’ supervised release, for securities fraud for the fraudulent offer and sale of securities
Pursuant to Section 15(b)(6) of the Exchange Act Respondent Coleman be, and hereby is barred from participating in any offering of a penny stock, including: acting as a promoter, finder, consultant, agent or other person who engages in activities with a broker, dealer or issuer for purposes of the issuance or trading in any penny stock, or inducing or attempting to induce the purchase or sale of any penny stock.
On January 22, 2016, Coleman pled guilty to one count of money laundering conspiracy,
On April 21, 2016, a judgment in the criminal case was entered against Coleman. He was placed on probation for a term of two years, including a special condition of eight months on home detention to include electronic monitoring, and ordered to forfeit $45,934.50, the amount of illegal proceeds Coleman obtained.
https://www.sec.gov/litigation/admin/2016/34-78890.pdf
http://en.nevadacorporates.com/1212339/
Investors are stuck and openly questioning the legitimacy of @PCTL_ on every available channel and forum, including the companies Twitter feed. Multiple years of lies and exaggerated unrealistic forecasts have cemented losses for investors that traded on the companies misinformation.
@PCTL_ soon bankruptcy? 217,000$ monthly expenses vs $75,000 non operational revenue. Exhausted Stock. No Credit. No Nigerians. No Crystals. No Nanobubbles. No September free shares available for all in Art...
COUNTERCLAIMS OF AUCTUS
Auctus asserts the following counterclaims:
JURISDICTION
1. The counterclaim plaintiff, Auctus Fund, LLC ("Auctus"), brings these counterclaims in response to the Complaint brought by counterclaim defendant PCT, LTD ("PCT") against Auctus.
FACTS
2. On March 13, 2019 Auctus entered into a Securities Purchase Agreement ("Purchase Agreement") with PCT for the purchase of a Convertible Promissory Note ("Note") from PCT in the original principal amount of $75,000. PCT also issued a warrant to Auctus for the purchase of a certain number of shares of PCT common stock ("Warrant").
3. On October 16, 2019, Auctus notified PCT that it was in default under the Note.
4. After negotiations between PCT and Auctus, the parties entered into a Conditional Settlement Agreement ("Settlement Agreement") dated October 26, 2020 in order to resolve PCT's default under the Note.
5. At no point in time during settlement negotiations did PCT and Auctus discuss the release or discharge of the Warrant as part of the Settlement Agreement.
6. Neither the Settlement Agreement nor the Mutual Release executed by PCT and Auctus in connection with the Settlement Agreement refer in any way to the Warrant.
7. The Settlement Agreement and Mutual Release do not release, resolve or otherwise dispose of any rights of Auctus under the Warrant.
8. On December 10, 2021, Auctus attempted to exercise its rights under the Warrant to acquire 39,339,900 shares of common stock of PCT.
9. PCT had an obligation to reserve sufficient shares of common stock of PCT such that Auctus could exercise its rights under the Warrant.
10. On December 13, 2021, Auctus was advised by Standard Registrar and Transfer Company that PCT had failed to reserve sufficient shares of common stock for the exercise by Auctus of its rights under the Warrant to obtain 39,339,900 shares of common stock of PCT.
11. On December 14, 2021, Auctus exercised its rights under the Warrant to acquire 2,548,461 shares of common stock of PCT. The exercise by Auctus of its rights under the Warrant to acquire 2,548,461 shares of common stock of PCT was consented to and approved by PCT.
12. PCT has failed to reserve adequate shares of common stock for Auctus to exercise its rights under the Warrant.
13. PCT has refused to honor the exercise by Auctus of its rights under the Warrant.
14. PCT has asserted that Auctus released its rights under the Warrant.
15. PCT has asserted that Auctus wrongfully attempted to exercise its rights to acquire shares of common stock of PCT.
16. PCT has asserted that Auctus wrongly exercised its rights to acquire shares of common stock of PCT.
17. Auctus asserts that PCT has breached the Warrant by failing to reserve adequate shares of common stock.
18. Auctus asserts that PCT has breached the Warrant by failing to honor the attempted exercise by Auctus of its rights under the Warrant to acquire 39,339,900 shares of common stock of PCT.
19. Auctus asserts that it rightfully obtained 2,548,461 shares of common stock of
PCT.
20. Auctus asserts that it has not released any of its rights under the Warrant and that it has maintained all of its rights under the Warrant.
21. Auctus delivered an executed Mutual Release to PCT on February 4, 2022 and has completed all of its obligations under the Settlement Agreement.
Counterclaim Count One Declaratory Judgment [28 U.S. Code §2201)
22. Auctus repeats and realleges the allegations contained in Counterclaims paragraphs 1 through 21 as though fully set forth herein.
23. PCT asserts that Auctus has waived any rights it held under the Warrant as part of the Settlement Agreement and Mutual Release.
24. Auctus disputes that it has released any of its rights under the Warrant, and asserts that it maintains all of its rights under the Warrant.
25. An actual controversy therefore exists between Auctus and PCT about whether the Settlement Agreement and Mutual Release released any rights of Auctus under the Warrant.
26. Pursuant to 28 U.S. Code §2201, Auctus is entitled to a declaration that the Settlement Agreement and Mutual Release did not resolve, release or otherwise dispose of any rights of Auctus under the Warrant and that Auctus is entitled to retain the 2,548,461 shares of PCT common stock it acquired pursuant to its exercise of rights under the Warrant.
Counterclaim Count Two Breach of Contract
27. Auctus repeats and realleges the allegations contained in Counterclaims paragraphs 1 through 26 as though fully set forth herein.
28. Auctus entered into the Settlement Agreement with PCT, for good and valuable consideration, in order to resolve disputes relating to the Note.
29. The Settlement Agreement and Mutual Release did not resolve, release or otherwise dispose of any rights of Auctus under the Warrant.
30. PCT has refused to honor the rights of Auctus under the Warrant and has breached the Warrant by failing to reserve an adequate number of shares of common stock of PCT for Auctus to exercise its rights under the Warrant.
31. PCT breached the Warrant by not permitting Auctus to exercise its rights under the Warrant on December 10, 2021 to acquire 39,339,900 shares of common stock of PCT.
32. By refusing to honor the exercise by Auctus of its rights under the Warrant, PCT has caused Auctus to incur substantial damages.
33. By reason of the foregoing, Auctus is entitled to an award of compensatory and consequential damages, together with attorneys' fees, costs and expenses.
JURY DEMAND
Auctus demands a trial by jury on all issues, claims and defenses so triable.
@PCTL_ should consider working with your suggested law firm to cure the more shares issued than authorized predicament and start to work on a defensive strategy to foreseeable litigation regarding misleading investors.
Any update regarding the Nigerian co that needed a money order to fund the closing of their investment?
I don’t believe for a second that any school has purchased anything from @PCTL_ . The devil is in the details; nothing but ambiguous innuendos and hypothetical maybes.
I recall verbiage such as “placed and/or delivered and/or shipped and/or installed” @PCTL_ I don’t believe they have sold anything. A google search of; PCTL sold = stock dilution information
https://www.theglobeandmail.com/investing/markets/stocks/PCTL/pressreleases/4266720/
More interesting than how underperforming and expensive revenues will be - will be where / who is @PCTL_ looting expenses from.
When is the grassy creek testing going to finish retesting?
Nothing can excuse the leadership @PCTL_ from the combination of incompetence and desperation that delivered them to agree to participate in their self created toxic warrant disaster. The people that got this company into this mess will NOT be able to get them out of this mess.
@PCTL_ E commerce store has shattered revenue expectations - to the downside. LOL
Fraudsters who conduct stock promotions are often paid promoters or ^company insiders^ who stand to gain by selling their shares after creating a buying frenzy and pumping up the stock price. The promoters or insiders make profits for themselves while creating losses for unsuspecting investors.
•Press releases or promotional activity announcing events that ultimately do not happen (e.g., contracts expected to produce revenue that never get finalized).
•No real business operations (little or no assets; minimal revenues; false press releases).
•Company issues a lot of shares without a corresponding increase in the company’s assets.
Frequent change in company name or type of business.
“We are also continuing to seek cooperation with Auctus in settlement of this ongoing dispute.” @PCTL_ begging for a settlement LOL
Auctus is extraordinarily experienced, more prepared and way more financially capable in this dispute. @PCTL_ filings are riddled with errors and the Auctus responses are definitely solid and sound.
AFFIRMATIVE DEFENSES
1. The Court lacks subject matter jurisdiction over PCT's claims.
2. The Complaint fails to state a claim upon which relief may be granted.
3. PCT has waived its claims related to the Warrant.
4. PCT is estopped from asserting its claims related to the Warrant.
5. PCT is seeking to recover lost profits or damages that are completely speculative in nature.
6. PCT has failed to state with particularity the circumstances constituting fraud as required by Federal Rule of Civil Procedure 9(b).
7. Auctus is discharged of all liability because it has fully performed and discharged all of its duties under the Settlement Agreement, including but not limited to, providing PCT with an executed copy of the Mutual Release.
8. Auctus acted in good faith by exercising its rights under the Warrant, based on the fact that the Warrant was not explicitly released by the Settlement Agreement or Mutual Release, and the release of the Warrant was never discussed at any point during the settlement negotiations.