The Black Keys
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I hoped not but w PCTL burn rate +$7,000.oo a day+\-
(monthly expenses of approximately $215,000)
I don’t know how else we survive ??? Maybe revenue kicks in like forecasted. Time will tell
Share Tank on Empty; Upon the issuance of the convertible notes payable described in Note 6, the Company concluded that it only has sufficient shares to satisfy the conversion of some but not all of the outstanding convertible notes, warrants and options.
https://sec.report/Document/0001554795-22-000189/
Here is your answer; On July 11, 2021, the Company incorporated two wholly-owned subsidiaries, Disruptive Oil and Gas Technologies Corp. (“Disruptive”) and Technologies Development Corp., both in the State of Nevada. On October 20, 2021, the Company sold a 53.75% interest in Disruptive in consideration for the assignment of certain patents to Disruptive and realized no gain or loss on the sale.
Cooking The Books
https://sec.report/Document/0001554795-22-000189/
@PCTL Mr Lewis, I’d like to introduce you to Mr. Grieco
It is rare to find a CEO who is incompetent on every level, said Marc Lewis, managing director of the IT division at Christian & Timbers, an executive search firm in Stamford, CT.
https://www.techrepublic.com/article/what-to-do-when-your-boss-is-incompetent/amp/
I will go out on a limb and say that we will be profitable in the month of March. We will have a record first quarter.” – Gary Grieco, CEO.
Share Selling Scam Press Releases
https://www.businesswire.com/news/home/20200318005687/en/PCT-LTD-Receives-Large-Purchase-Order-for-Recurring-Sales-of-Fluids-for-Non-Medical-Use-and-Explains-Current-Revenue-Streams
example - PCTL expected to but never delivered on the revenue that was supposed to be generating. Never any follow ups because nothing is really happening...
Corporate executives will be traveling to Kansas City and other locales in the coming weeks to further the advancement of revenues for this project.
https://www.businesswire.com/news/home/20220512005801/en/Paradigm-Convergence-Technologies-Announces-Grassy-Creek-Testing-Justifies-Commercial-Drilling
Bullocks - no such material disclosed. More ambiguity from CEO and endless testing. If a deal for testing that resulted in revenue was reached it would have been disclosed proudly. Shareholders are paying for access and all expenses associated with testing.
"The results are so compelling that we are in discussion with multiple energy companies to start initiating paid test wells that, in turn, will bring revenue to PCT second quarter," Grieco emphasized.
https://finance.yahoo.com/news/pct-announces-tests-results-oklahoma-145800538.html
I wonder just how much money @PCTL burned buying that crystal technology just to shelf it? Why isn’t crystal concentrate available on e commerce site? Was it fake news?
https://www.businesswire.com/news/home/20211005005994/en/PCT-Acquires-New-Technology-for-Hypochlorous-Acid
@PCTL Auctus states that it attempted to exercise the Warrant for 39,339,900 shares on December 10, 2021, but that, in breach of its obligations under the Warrant, PCT did not have sufficient shares in reserve.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169225598
@PCTL the company has ongoing dispute with Auctus and the toxic debt continues to mature past due. PCTL’s version of events greatly differ from the respondents response. PCTL remains silent regarding this material event.
The newly established e commerce site is not price competitive.
Search results for enhanced oil recovery techniques and technology news delivers interesting advancements in the industry and marketplace none of which have to do with PCTL.
UK market is DOA.
No discussion on distributors or hospital sales/leases - past - present - future strategy
@PCTL What does material change in risk mean?
Material Change means a change that an average, careful investor would want to know about before making an investment decision.
PCTL price check
1 gallon $39.77 + shipping
https://pctl.shop/product/hydrolyte-disinfectant-1-gallon-jug/
or
1 gallon $19.99 + free shipping
Hypochlorous Acid 500PPM (1 Gallon Jug) For Cleaning (Dental & Medical Profes... https://a.co/d/0fNebXu
PCTL pumpers and painters better get to work. Not looking so good today...
Time will tell... glty
I disagree - secrecy and ambiguity and continued forecasting of lies are the storyline. Management ignoring the outright failures is the reality of the no boundaries no responsibility no accountability culture at PCTL.
Employees and consultants are paid with shares of common stock at PCTL.
An employee or consultant is considered an insider.
Significant selective disclosure violations and manipulation and securities fraud are taking place.
@PCTL reality is less orders on e commerce store than trades. $250,000.oo in dead inventory. Debtor demanding jury trial.
Is this communication from PCTL business development and marketing department?
” Q2 fins being tallied.
Summer is getting green here! “
increased authorized or reverse split or bankruptcy. That’s the light at the end of the tunnel
@PCTL positive reality is no money or credit or notable revenue
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
I didn’t propose an argument. I posted some dd. @PCTL is quoted should be done doing something with these oil wells in July. 40 million would not be static. & not the first, second, or last driller those wells have skinned alive btw.
“Should” - The recently signed Memorandum of Understanding with LeadGreen Energy Services should allow larger-scale drilling to commence later this month and be completed in July.
fwiw - Megawest investors spent 40 million dollars to recover 1.5million in oil at the very same wells...
CALGARY, ALBERTA -- (MARKET WIRE) -- 09/17/09 -- MegaWest Energy Corp. (OTCBB: MGWSF) (the "Company" or "MegaWest"), an independent oil and gas company, specializing in non-conventional oil and gas projects with a focus on North American heavy oil, announced today that it has restarted steam injection at its Marmaton River and Grassy Creek Projects in Missouri.
On September 12, 2009 MegaWest operational personnel restarted steam injection at both of the Marmaton River and Grassy Creek enhanced oil recovery projects in Missouri. This restart has been facilitated by the recent strategic agreement with Iroquois Capital Opportunity Fund ("ICO") as announced on August 31, 2009.
The design oil production capacity of the combined projects is 1,000 barrels of oil per day. Initiation of steam injection is the first step towards achieving this target production rate. Based on past performance and history match numerical simulation using the CMG Stars reservoir simulator, production is expected to ramp up by 50 to 100 barrels of oil per day each month until the target production rate is achieved.
"These projects were brought into operations within 2 weeks of finalizing the ICO agreement. This is a testament to the quality and dedication of our operations team and their capacity to plan and execute," said R. William (Bill) Thornton, President and CEO of MegaWest. "We are pleased to have these plants back in operation and to be back on our path towards building shareholder value."
R. William Thornton, President & CEO
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.
Yes he is. To amass a 30million dollar debt and suffice shareholders with a 10dollar web site plugin that will generate a measly impact if any is genius. Congrats to Gary? When’s the reverse split?
https://fintel.io/doc/sec-pct-ltd-1119897-10q-2022-may-16-19128-6630
Online store is two years too late; @PCTL should have acknowledged the failure of distributors & distributor support and transitioned business model long ago.
Nice to see an accomplishment - I hope it produces more than it distracts.
It takes minimal time for even a mediocre developer to install and implement the plugins to launch a marketplace. I speculate they don’t have the backend to fulfill orders or they are concerned the existing traffic doesn’t support the cause
PCTL is attempting to launch a direct to consumer marketplace.
@PCTL ? Our e-commerce store is anticipated to launch before the end of June. Stay tuned for more information. Hydrolyte®, Catholyte, and application sprayers will be offered.
We are two years late to pandemic party and unable to accomplish activating a plugin to the website. Today will mark another unaccomplished benchmark.
Also - fwiw - I believe another driller / Gravis?an OTC pub.co / worked the same wells and abandoned because of low price per barrel profitability, they were also steam injecting and bringing oil to refining facility via trucks. I have zero faith GG/PCTL can perform or produce in that arena.
It’s most likely all bad news and as I perceive continued fraud in the future and highly unlikely that PCTL could capitalize or is even really involved with oil production but my research along the way uncovered this re grassy creek mo previous driller.
MISSOURI
Oil sales from the Marmaton River Project (Phase I) commenced in August 2008. The construction and commissioning of the Grassy Creek Project was completed on schedule and within budget in October 2008. As the Marmaton River Project reservoir began to respond to steam injection, production ramped up to average over 100 barrels per day in November. This was at the upper end of reservoir simulation predicted performance for that point in time. The reservoir simulation predicts that these wells would reach 300-500 barrels a day of production with continued operations. Initial indications of reservoir performance at Grassy Creek were better than those achieved at Marmaton, consistent with the better reservoir quality and thicker oil pay zone.
https://www.rigzone.com/news/oil_gas/a/71228/megawest_suspends_all_heavy_oil_projects_in_missouri_evaluates_options/
Could be $15-million considering late fees & interest due from distributors. Dream Big
@PCTL Organized Scheme to Defraud Investors
“Revenue Potential” LMAO
2023 a billion dollars. Easy Money
https://www.nasdaq.com/press-release/pct-ltd-discusses-2021-revenue-potential-with-the-stock-day-podcast-2021-01-11
Buy the entire company and fire the CEO please.
@PCTL It’s not complicated or time consuming to add a commerce store to your Wordpress, but maybe it’s more lucrative to sell the false potentials for a few weeks to shareholders.?.
https://woocommerce.com/posts/add-online-store-to-wordpress/
https://pctl.com/wp-login.php
There is no settlement. Auctus has demand a jury trial. They argued damages and described fraud. Search engine optimization should help out
8 out of 10 online stores get abandoned within 24 months of their early growing stages - but PCTL will buck that trend?
https://www.business2community.com/infographics/a-statistical-analysis-on-why-ecommerce-businesses-fail-infographic-02184495#:~:text=The%20ratio%20of%20failed%20eCommerce,of%20their%20early%20growing%20stages.&text=Instead%20of%20waiting%20to%20be,social%20media%20channels%20and%20forums.
A novice developer can retroactively optimize search engine title tags. Another repetitive news release targeting investor confidence. No mention of the RB Capital, Mike Sims, Nigerian’s, Grassy Creek, nano bubbles, crystals, uplisting, toxic debt lawsuit, cleaning fluid company purchase, distributors, or the next new investor relation company.
Maybe they get our Shopify store up and running and churn out 4.7million dollars in sales after that stellar SEO publication to hit the forecast - I hope so... LOL
I’m convinced PCTL puts out these repetitive over describing news releases to entice investors to buy in or continue averaging down. PCTL marketing and business development doesn’t publish ads or articles in trade publications - they publish businesswire PR’s and post on ihub.
That is a probable scenario - increase the authorized.....