Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Their last potential merger was not just "finally cancelled" it was officially announced to have been terminated in May.
Please be accurate.
I agree. She's done some pretty bad movies.
I don't even know what that means lol. But okay
Let me rephrase....
The important info we were all waiting for was never the 10Q. Does that make more sense? We all, perhaps even you, who have been patrolling the board for the last couple months have always said some version of:
"We expect the 10Q to show more revenue in Q2 than Q1 and hopefully a significant increase over Q2 from last year."
But no one thought that what we were all waiting for was the 10Q. We all signed on, bought and pumped, and were waiting on the Ontario deal. Not the 10Q. That's what drove the momentum. Not the hope of maybe seeing 250K in revenue. It's nice to have, sure. And if it shows the rev numbers we expect, even better. But no one was expecting to see $10 mill in revenue in Q2. We were expecting/hoping for a modest increase over Q1 and hopefully a big jump from Q2 of last year. The Ontario deal was awlays the driving factor in this. If that wasn't there, no one would have been eagerly buying and sending this to .04 because of a hotly anticipated 10Q.
So no, it's not that 10Q's are meaningless in a global sense and no one said that all companies should stop filing them, but in this circumstance... the one we're talking about... it is decidedly not the catalyst that would drive the momentum that we were all hoping for.
I think if I'm being completely honest is because people don't see it that way.
I think a lot of people don't feel as though the stock or the company or Jody or anyone have really "promised" anything and as such, they're not failing to live up to any promises.
A lot of people drew a lot of conclusions from a lot of things but to be 100% honest, that's on them.
Everything from digging into Jody's LinkedIn activity to connecting the dots on conferences and companies, etc... It's nice and it's fun but it didn't really mean anything.
The company entered into a LOI. That's not a definitive agreement. That's not a legally binding gun to their heads to make a deal. I'ts a "hey, we're gonna talk about shit and maybe come to an agreement" piece of paper. That's it. It was never promised or guaranteed.
The company is late on their quarterly filing. Like 10,000 other companies are right now. Is that a broken promise? Ehhhh. I mean.. yeah? I guess? But no one gives af about that one really. I mean, if we're being honest no one who knows anything has ever cared about the 10Q. It'll be nice to have and it'll be filed eventually. That's kinda all there is to it. Is that a broken promise? Maybe. What was promised? Revenue? Deals? Sales? No.... none of that was. It was speculated on. Nothing was promised except in a technical sense it's tacitly "promised" that the filing will get filed... and it will. Just late. Shit happens.
Is the merger happening? Maybe. Maybe not. Certainly not looking great right now but who knows. There's no timetable for this. They can talk as long as they want. Did they promise to get a deal done? No. No one did.
So a lot of people are blaming the company for broken promises... but what's been promised?
Nothing really.
Fair enough. But in that case it's over now and we haven't heard anything.
we'll see, I guess.
Yeah, it's a nice thought. But I think it was a one day conferences and if anything was announced, even before an official filing, I'm sure it would have been PR'ed or at the very least filtered out to us by now.
I'm still calling it speculation at best for right now.
Happy to be wrong though. As ever.
This is fun to speculate and I, of course, hope it's true. But having lived in NY for 30+ years I can say confidently that if you look at nearly any two-week span in NYC you'll see dozens of conferences across a broad scope of industries.
Of course I'd be thrilled if Jody is in NYC to attend industry conferences, etc. But until we know that for sure I'd just caution people against connecting the dots on this one.
A lot of emotions running high on this board.
Folks, there's more than one way to play a stock. Dennis and the Don are doing their thing, you can do yours. If you have the stomach to hold here for the next move up... you're gold. If you worry and want to bail and buy back in lower... hell, I can't blame you. You're gold too. Both ways can work and if we all still have the faith in PCTL and their future... in the end it almost doesn't matter.
No disrespect or hate to anyone who's playing their game their way. You do what you have to do. Sometimes it works. Sometimes it doesn't. In the end, I hope we all come out ahead.
Personally, I'm long and see no reason not to be at this point. Either news and filings are coming at some point (at this point it'll obviously be later than any of us wanted)...... or the company's going to fold overnight and disappear into the ether.
I'm willing to bet the latter isn't what's happening.
They're late. They've gone silent. It all sucks. But we're still right where we always were and have been: waiting on news and filings. Which is all we can do at this point.
Sucks but it is what it is, my friends. It'll probably get bloody in here until we get a better sense of what the company's status is.
Is the Ontario deal on? Dead? What were the 2Q revs like? Any new deals in the works? Any sales? Partnerships? Anything come out of the Buffalo conference?
Who knows. No one knows.
It's going to take momentum and a catalyst to help push us north again. 10Q would be a good start. From there, we should theoretically find out about the Oil and Gas deal this month, the AG trial next month, etc...
There's a lot to like about where PCTL is headed... there's also a lot to be frustrated by right now. I get it.
I'm holding at the moment, but I do get it. It sucks.
But it is what it is.
Good luck to all. I hope everyone does well in the end.
4 for me lol. Had I known we'd go to subs, I'd have waited.
Well he may be legally allowed to but for whatever reason he's not inclined to.
No amount of "well akshually" is gonna change that.
Indeed.
Folks, this is pennies. Or, more specifically, fractions of pennies. Any momentum an this is back over .02 and hitting .03 in a matter of hours, if not sooner.
We're right where we have been for a month. Waiting on the next step. Waiting on news and filings.
It is what it is.
Same. I added about 40K more shares today and knocked my avg down a bit.
Because what are you really expecting him to say?
Yeah, it's inappropriate because you're jacking someone elses post (it's not even Jody's) to do what? MAYBE get a halfway fluff answer/response?
He's a CEO. Either the company is in trouble and they're being silent about it until they absolutely have to say something OR they're still working on shit and there's not an update to give until there's an update to give.
I don't think Jody's a fool. If he says "everything's fine. We're just really busy. We'll have something out soon" he knows people are going to interpret that 6 ways to Sunday.
If he says "the deal is dead and our quarterlies are late" he knows people are going to panic over it.
If he says "I can't say anything because I'm bound by a quiet period" he knows people are going to interpret that out the ass as well.
So really what is anyone hoping to accomplish?
Some rando from IHub or LinkedIN is noooot gonna be the person who gets him to break his silence lol.
He's remaining quiet for a reason. There hasn't been a PR for a reason. There hasn't been an update for a reason. There isn't an 8K for a reason. There isn't a 10Q for a reason.
What is that reason? No one knows. I know we'd all like to know but does anyone really think hitting him up on a random LinkedIn message board is going to get him to say "oh shoot, I knew I was forgetting something! Better file that merger paperwork and get our 10Q out while I'm at it. Thank God some random dude from LinkedIn hit me up on a random comment on a random post. #shareholdersrule!"
... Jeez, send him a dick pic while you're at it.
Ugh. We'd be waiting forever to hear his State of the Union.
Heyooooooo
Yeah I get how that could be seen poorly but you don't know what it means lol. Could mean he lost a game of cards or failed to sell his house or didn't get to chair the homecoming committee with the PTA, etc..
Yep! Though I do enjoy popping in now and then to make fun of people.
Do you think it's super totes uber mighty close?
First of all, "4 customers" is incorrect at best and misleading at worst.
If I sell something that hospitals want. Say, latex gloves for example, and I sell to one hospital then yes, I have one customer. First of all, I'm thrilled to get a hospital who goes through a crapton of latex gloves as a client. Second of all, if I sell my latex gloves to 5 hospitals in the same network then yes, I still have "1 customer" but I'm doing a lot better than if I'd only been supplying the one hospital.
Second of all, the "cutting edge technology" is not the production of Hypochlorous acid but in the on-demand production of Hypochlorous acid which normally degrades quickly making it impractical to purchase in bulk for long-term use. That plus the RFID tracking and reporting system is the "cutting edge technology."
Which, okay, if you want to argue that it's not REALLY "cutting edge" then fine, it's semantics. No, they're not the first to vulcanize rubber or galvanize steel and it's not the wheel. I'll grant you that.
Sometimes it's not the product but the process. And sometimes it's not the process but the product. Sometimes it's putting the whole package together and doing it in a way that presents well, is useful, markets well, or addresses an under-served market. Sometimes it's a combination of one or more of the above.
People have known how to make coffee since the 15th century. But that didn't stop Starbucks.
People have known how to make toothpaste since 5000 BC. Didn't stop Crest.
People have known how to make chocolate since... well, you get the idea.
Sometimes it's the product. Sometimes it's the process.
And sometimes it's putting the whole package together.
So yes, people have known how to make Hypochlorous acid for years. People have known how to clean things for years. And RFID tracking has been around for a half a century or so.
Now put 'em all together and you have what PCTL has.
Is it really "cutting edge?"
Well, maybe not if you're comparing it to inventing the wheel or splitting the atom...
But neither is making coffee. How's Starbucks doin' these days?
This is the one I'm most interested in. The oil & gas gig that we may hear about in the next week or two is definitely interesting but the AG trial could/should be huge if all goes well.
You've mellowed a bit over the course of the last 24 hours, yeah.
Dude you are bi-polar af with your take on this stock lol. Smoke a doob and chillax, my friend.
Killed a great run how?
My sell orders are set much higher than that.
Yawn
Well you definitely shouldn't marry stocks. And taking profits is never a bad thing.
That said, the quiet period means everything if it's actually happening, regardless of the stock price because once the quiet period is done, we move back up.
*Ya only lose if you sell!
*I realize that's like the worst trading philosophy ever but it's kinda true in this case. We're still waiting on news. We always were. Whatever the stock price is now, when news hits, we go up.
TRADING 101 :-P
That would be nice as well.
I dunno about silent periods but I do know that a 10Q is a relatively easy filing to get out on time, especially with an extension. And especially so long after the extension.
I'm sticking by my belief that there's a reason for the delay. There's a reason they're so late with the 10Q and that reason is something more than "we just don't feel like filing it."
So I'm betting on it being a good reason and not just that they're lazy.
It is and that sucks. But if they are in a quiet period then who cares?
I mean... I know that's glib, but it's true. Who cares? If they're in a quiet period and that quiet period is because something big is in the works and if the quiet period ends tomorrow and the filings come out.... who cares what the stock price was yesterday?
Not everyone lives and dies by the day to day stock price. It's taking a beating because people are selling. People are selling because they wanted news by now and it hasn't come. So people are getting scared off (understandably so) and are jumping ship.
But again....... so what?
I'm not saying it's nice to see my investment tank 50% over the last few weeks but I always knew what I was gambling on. And the gamble is for the news. The gamble is for increased revenue and a merger. And even more, the gamble is for a good company with a bright future.
So the gamble is still on. The price can shoot up 2 pennies tomorrow or drop to subs tomorrow. In either case, who cares? This was never about 2 pennies, this was about 2 dimes (or more).
We're still waiting on good, big news. Without good, big news the price can do what it wants and right now it wants to go down. And understandably so... But really nothing has changed about the stock or the company or the potential. It's just taking a little while longer.
And one way or another we'll get an update eventually. You're only spazzing right now if you sunk your life savings into this stock (which no one should ever do) or if you bought into the notion that we'd be at the 52 week high by now... that was never going to be the case.
Yeah, I was hoping and thinking we'd have an update by now. But we don't. It is what it is.
The only thing that's changed is if the filings we're hoping to hit actually hit, it'll take an extra 20 minutes to climb to where we want it to.
I think if they are in a quiet period (and I'm not saying that's 100% the case) then it's not a surprise that they're silent.
If they're not, then they'll communicate on their timetable and not ours.
I know that sucks but I still don't think they care about the stock price right now. Nor should they. The only people who do care about it right now, today, are the people who just want it to jump up so they can sell it for a profit.
In theory at least, they care about the long-term health of the company. If that means doing a deal, then they're focused on doing the deal and not releasing a fluffy PR to hopefully keep the stock price up a half penny more for a day or two.
It is what it is.
It's possible I s'pose.
It's entirely possible that this is what's going on and it would explain the relative radio silence from the company...
... but if that was the case, I'm not sure Jody and Marion would be responding to shareholders via personal email at all. Mind you, I don't think anyone who's said they were told anything juicy are being honest. But if there's a quiet period in effect I don't think we'get get the cookie cutter "we're workin' on it" emails either.
Just sayin'
Honestly added a ton more today.
Folks, this was never a sure thing. It's a gamble like any other OTC stock. But, let's examine a few things. The following is true, no matter what anyone else says:
1. The deal with Ontario is not "officially dead."
2. It's not "officially on" either.
3. Even without the Ontario deal, this company has a lot going for it
4. There should be a sale/test coming to an end in the Midwest this month. could be a nice revenue shot.
5. There's an AG trial coming to an end in October. Could also be huge.
6. Any additional sales, trials, or developments from the Buffalo conference should be forthcoming, if any.
7. The company has a product and revenue and has been growing in each consecutive quarter over the last several quarters.
8. Pineapple on pizza is disgusting
9. Fundamentally nothing has changed over the last month or so.
10. We're still here waiting for news and filings.
One way or another, we'll find out where we are.
I agree in part. I'll also add, as I've said many times before, that neither Jody nor Gary nor Ron nor Marion nor aaaaanyone else involved in this company or companies should give a rip about the price per share of this stick on any given day right now. It's a penny stock for a small company. Yeah, the price matters to a degree, sure. It's not that they don't care- it's just not a priority.
Given where this company sees themselves in a few years, where they want to go, and how they want to get there, the pps on September 9th, 2019 is inconsequential to them and only really matters to nervous investors and day traders who thought they'd be millionaires by now.
It aint that easy, kids.
ALL YOUR GREAT NEWS ARE BELONG TO US
Who's "the father" then? Someone's dad? The father of what? This is not a family-owned company. So who's "the father?"
lol
"I called the company and the father (whoever tf that is) spilled the beans."
Suuuuuuuuuure they did. Who's "the father?" Is that code? Someones dad hanging out at the office?
Next we'll hear "you don't know him... he goes to a different school."
lol. I'd call BS if I wasn't hoping the same thing.