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Nice little pop this AM.
Well yeah, they have to do better about these things in general.
There's a difference between how the company is *actually* doing and how people feel about how they're *actually* doing.
They could say they made a million dollars on one sale today and the price'll jump on Monday.. but then what? They have to be better about not only communicating the positive developments, but how frequently they communicate. A couple PRs in 6 months isn't good. They need to do more.
I'm content to wait and watch them develop. The nuts and bolts of this (outside the debt) is positive. Revenues growing. New sales coming in. etc. I don't think they're doing "badly"... I think they're just bad about talking about the good things.
The only "major" problem I see with management is their relative silence on things that they wait to transmit. They could be better about PRing sales and other positive developments.
For example, they tucked info on two sales into their recent 8K which could have been two separate PRs. We also know they had a sales option for an oil and gas deal back in September and haven't heard anything on that. There's also a forthcoming AG trial which is ending/has ended that we haven't heard about yet. They have to know that we know these dates. If only for the fact that I'm sure 1,000 people are bothering them about it.
I realize that they're not going to tell us everything that's going on behind the scenes. I don't expect them to reveal their big plans, etc.
However, there are at least three things that could have been PRed. Two hospital sales and the development of the new machine type. Wouldn't take much to throw a PR together for each of those things and release them one at a time over the course of a few weeks.
Now we DO know these things from their filings, etc. My issue isn't with what they're doing, but rather the strategy they use for how they tell people about it.
I'd agree with this.
For all the shouts and moans and complaining, the reality is this:
The reason this stock rose as much as it did over the last few months is because of the pending Ontario Inc deal.
That hasn't happened. When that didn't happen, the price went down.
The price will continue to go down as more people sell. A lot of people sold after the deal was cancelled. That was our first big drop. A lot of people sold when the Q2 earnings came out and it wasn't anything great. A lot of people sold because there hasn't been a significant PR released in a long while.
Momentum is gone here and a lot of people are exiting. Many selling for a loss.
It sucks. I get it. But if you believed in the product and/or the technology, you're either holding or buying at these low levels. And full disclosure: I think imho that this probably isn't the bottom just yet. And I get it's a tough pill to swallow when you see your investment shoot down as much as it has.
There's still a lot of things to like about PCTL but they do need to get it together and start showing some more good, positive information and developments.
If they sign another hospital, a few people will start to buy again. If they close the AG deal- people will start to buy. If they release a 10Q for Q3 and revenues are still increasing YoY- some people will start to buy again. If they get financing that isn't toxic af, if they strike a new deal (and close it), or if they reach profitability (or close to it) by the end of the year as they're hoping... some people will start buying again.
A combination of the above IFs would be ideal. But either way, Blahblah's right. It's an either/or situation right now.
IF you bought in because of the deal and you're still holding here weeks after the Ontario deal was confirmed dead- you're pretty angry right about now.
IF you bought in because of the future long-term potential of PCTL- this is still a gamble. As much as it ever was- if not more. But if you don't think PCTL is a farce. If you think the company has a good product and a lot of potential- then really not much should have changed for you in terms of the long-term outlook and belief. Losing the Ontario deal sucks but that's ancient history at this point. If you haven't sold yet, your choices are either to sell for a loss or hold and wait it out.
As I've said before- this is now a 3-6 month play. If not longer. If you're still holding, may as well see what at least the end of the year brings and whether or not they can make good on their belief that they can come close to profitability by the end of the year. If that's the case, then there is still a bright future ahead.
I don't think anyone was suggesting that T-Trades are shorts?
4,999 shares at .0027 is about $13 so I wouldn't think that's it.
This is probably someone who's buying on margin or just transferred funds into their account to trade with but hasn't settled yet. There's limits on that.
Doubt it without a reason to get there. But 03's definitely possible.
A. The AG trial ended in October. Not September.
B. Stop whining. Seriously. It's getting old.
The AG trial ended/ends in October. It would be Q4 so I wouldn't expect to see info on it in the Q3 earnings unless they ended and closed a deal early.
There was an oil and gas placement that was ending a trial in September that we have not heard about which would/could theoretically be included in Q3.
I think we may hear news shortly. However, I'm most interested in the Q3 earnings which should be out in an 8K within ~30 days or so.
Now we close up 8.74% again.
As of right now we're up 8.74% on the day the day after 9 million shares got sold off in a T-Trade after hours yesterday, likely due to dilution and on a day when sales volume is outpacing buy volume by 4:1.
A. Take the win lol
B. What does that tell you?
PCTL....
Is dilution happening to cover notes? Maybe.
Is the price still holding relatively strong? Yeah. Could it go down more? Sure.
You need to shift your focus away from obsessing over the day to day pps and focus on the long-term goals at play here.
PCTL is increasing revenues YoY. They are placing new machines. They are increasing sales and ramping up sales efforts.
They have stated that they expect to be profitable or close to it by the end of the year. Could that be fluff? Sure. But I'd have to imagine that they at least see a CHANCE of that happening to even say that. And if that's the case, there are things in place.
Here's what we KNOW to be true:
-They are ramping up sales and placements
-They have formed an overseas entity PCTL Europe in the U.K.
-They have developed a new, more compact product which they believe will make for easier use and placement
-They have an AG trial coming to an end this month which could result in MANY large machine placements (which are more costly than the smaller hospital machines) and be a HUGE boost to revenue if it comes to fruition
-They have stated that they expect to be profitable or close to it by the end of the year. This *could* be a pipe dream on their part but they did state it in an official filing.
-They have garnered interest from two companies/investors which were basically willing to come in and wipe their debt clean for them.
-Those deals didn't work out but the interest is positive
-They are basically a handful of machines away from their stated break-even point of 20 machines (someone fact check me on that please).
-Recent changes to share structure make it likely that Jody/Gary (CEO/President) retain voting control in the case of a takeover/merger/etc.
-Q3 earnings are due in about a month and should point to more increased revenue YoY
Here's what we THINK is happening. And some of this is likely true:
-Dilution is likely occurring in order to pay off notes. Not confirmed but possible and perhaps likely.
-Company is in debt and needs sales and/or financing to help their way out of it
-If sales or financing don't come through before the end of the year, more dilution likely occurs
All signs point to a young company ramping up their efforts and finding themselves in the unfortunate position of having to try and outgrow their debt or take other measures to attempt to get things moving in the right direction.
There are positive developments occurring. Painful as it might be, this can no longer be viewed through the lines of the day trading community, at least for now.
Check again when the Q3 10Q comes out. And keep an eye on PCTL for at least the next 3-6 months. I think we'll be pretty happy with where things are heading by then.
imho
Amazon is also a consumer facing company that had the benefit of being first to market in a growing sector (the internet, and eCommerce more specifically). They also had the benefit of raising millions in fundraising from early investors (not from selling OTC stock).
PCTL isn't "sexy" to the average consumer. They are a services company and at heart a B2B company. They're known to insiders, not the general public and likely won't ever be. Quick, name a few other industrial cleaning solutions... yeah, I can't name them either. Their visibility is low in that regard.
Consumers are not seeing, using, and touching the company like we used to back when we bought books on Amazon in the 90's.
Hospitals have been around forever. Cleaning supplies have been around forever.
I think you're comparing apples to oranges.
I have over 600K shares. I'm holding. I probably won't be buying more just yet. Going to wait and see how things react here.
The problem with this way of thinking is that it assumes that they (meaning management) had any interest on having "the whole OTC's attention."
You're thinking like a trader. So that's your priority. They're not thinking that way so they aren't. It's that simple. If they were, they'd have pumped and pumped and pumped and rode that wave.
I think PCTL isn't great at communication. But I also think the day to day PPS is not their primary concern right now.
So, you may be in for a bumpy ride along the way. I would suggest you amend your thinking and look at the moves they make (or don't make) as an indication that their primary concern is the longterm health, growth, and viability of the company and not what the PPS does on any given day.
If dilution is indeed occurring, I'd hold pat and wait to see where the new bottom is. Then, if you're still positive on PCTL, accumulate more.
This is what I'll be doing. While the PPS hasn't responded too harshly to it just yet, it likely will. People aren't buying en masse on this one anymore.
The stock will move up when there's a reason for it to move up. We know there's some stuff in the pipeline right now so trade and behave accordingly. Imho
If true, we're due for at least a correction from that.
PCTL long and strong here. There's nothing unprofessional about this company.
Those you who are whining constantly because the CEO doesn't call them personally each morning to give them a detailed update on what's going on are being wholly unrealistic with their expectations.
The company has released filings. They have released PR. They have done what is required of them. They are working. When they have something to release and talk about, they'll release and talk about it.
It really, really, really is that simple.
To expect that they're going to release a PR or filing that details their plans for notes, financing, and all the goings on behind the scenes is laughably foolish and naive.
There is not a company in existence, on the OTC or otherwise, in the history of business who is going to give that information up.
Do I think they're great at communication? No. Do I wish they were a little bit better at it? Sure.
In the last few PRs and filings we have found out:
-They are adding new hospitals
-They developed a new product (the smaller version of the Annihilyzer)
-They are increasing their market share
-They are ramping up sales efforts
-They are increasing revenue YoY consistently
-They expect to be profitable (or close to it) by the end of the year
-They have an AG trial which comes to a conclusion this month
I mean.... that's all news, isn't it? Beyond that, I honestly don't know what else some people expect. It's mind boggling to me.
The sooner many of the folks on here accept reality on reality's terms, the happier and healthier they'll all be.
Soooo sell your shares then and be done with it?
I dunno what else to tell you, dude. You know the DD. You know the news. If you've read the filings you know what's in store. You know the potential. You know as much as anyone else. You either trust or you don't. If you don't, sell and move on. Take the loss, claim it on your taxes, and try your luck elsewhere.
All OTC is a gamble. PCTL is no different. But you know what? There's still a loooot of people on here who are in the green because they've been holding for a looong time on the potential of where this company can be in 6 months or a year.
Do what you gotta do. But whatever you do, how's about quit coming on here every day singing the same old song about how much the company sucks?
I get that you're frustrated man, but it's just repetitive whining at this point. And frankly, it's immature.
lol all hope is far from lost.
PCTL is a functional company with products being sold. Sales are ramping up. Revenues are increasing.
As long as they are increasing revenues (they are) and adding new sales (they are) they're in a fine position.
Yes, they have some debt. It happens. I don't like the fact that they have debt and you know what? Neither do they. But it's a fact of life. It happens to most/all companies when they're in their infancy. Few companies have millions of cash on hand to take a company from kickoff to profitability in a short period of time. So they accumulate debt as they grow.
That's just reality.
How they manage that debt, and how they grow the company, and to what end; is the important factor here.
And all signs are thus far positive, despite the near constant whining on here from impatient folks who expect the company to call them every day with a detailed update.
Nothing has changed for PCTL. Just more opportunities to load at a more attractive price imho. Adding more here. It's a gift.
Explain?
Been adding all morning as I can.
Alright, $50!
Do you know of something else that aids shareholder value for any stock that isn't one of those things?
I mean, I'm not sure you're breaking new ground with that statement tbh.
It's a risk, sure. all stocks are. OTC is even more so.
So..... what's your point here?
$20?
Aw c'mon buddy. You can do it. Lemme get them cheapies.
Sell me your shares.
Indeed PCTL has enormous potential if they can keep their eyes straight and keep growing the company. Their product is being used in some well-known hospitals. Hospitals which are part of larger groups. From there, a lot can happen.
But it's tough getting into hospitals. Thankfully we have oil and gas and agricultural products which are ramping up and/or in trial mode as well.
A lot of good things can happen here if the company just keeps chugging along, growing revenue, and ramping up production.
The sky is literally the limit. But it may take 3 or 6 months or a year for us to get where we as shareholders want to be.
Just be prepared for that all. This isn't a pump and dump. This isn't a hold for a few days and flip move.
PCTL is quite undervalued at this point. Those who are predicting multiple dollars are being dishonest (or at least if they're predicting that anytime soon). It takes some kind of event to take a stock from here to multi-dollars.
Could PCTL get there eventually? Sure. They're a legit company with a legit product and they're ramping up sales and outreach at the moment. Keep your eyes peeled for the next 10Q which should hopefully show us more info in that direction.
I'm not short on PCTL. I myself am long. We'll see what their trajectory is and can estimate how long it'll take us to where we want to go.
As long as the company is moving in the right direction and keeps increasing revenue, we're in good shape. Don't care about the price popping up and down a few percentage points each day. That's just retail jumping in and out. Expected and not surprising.
Eyes on the prize, longs.
Nope. Just grabbing more and accumulating, lowering my pps. Creeping towards 1 milly shares.
Welp, time to load up. Bring my avg down a bit.
We'll get there. Just may take a while lol. But we'll get there.
I agree.
I truly don't understand all the whining on here.
Yep. Here's hoping
I wouldn't even necessarily look at it as people dumping their shares. But if people anticipate that the AS does indeed increase... then we can also anticipate that the OS is going to increase.
And IF that happens... we'll see the pps go down quite a bit which would make for a much more attractive accumulation point if and when that does happen.
Didn't say you were. Just saying be accurate, that's all.
This is incorrect.
Yes, it seems obvious that it will likely occur... and it probably will, but it is not a foregone conclusion and it is not a done deal until it's a done deal.
It is important to be precise when speaking about things such as this since it can have a material effect on the pps as well as people's perception and trading behavior.
It is important for people to know that the option to increase exists.
It is also important for people to know that it has not occurred yet.
If you tell people that it has occurred because you just assume/believe/think it will, they may view the current pps as existing after the effect of the increase as opposed to before.
Just be accurate. That's all. It may seem semantic but it's important.
This is incorrect. They filed an option to increase the AS. It has not occurred yet and it is not a foregone conclusion that it will.