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probably because i've been posting all over reddit about this fabulous stock lol
no its not. normal trading will begin on the 6th. many big wigs are still on vacation till then.
correct. but if you read. there are "scenarios" where the CEO doesn't believe in R/S . this is that "golden" scenario. why the hell would a 28 year old company go through a reverse split? it wouldn't make any sense. what would make sense, is if its ran by a greedy CEO, who would intentionally, issue a 100 or 1000 to 1 reverse split, because he knows his stock price of .0002 is never going to go anywhere , and is more than likely lining his pockets. we are dealing with however, a woman CEO. they tend to run their ships, very "well" and "profitable". considering we are dealing with government entities . i "HIGHLY" doubt any "doomsday" scenario being spewed by any one!
put this on here, sticky it and watch very closely what happens
https://investorshub.advfn.com/Elite-Group-Inc-ELTZ-31195/
https://investorshub.advfn.com/Reverse-Mergers-7308/
we will be number 1 on that list , soon enough. there will never be another stock like us. at least not for the next 100 years
ELTZ
put that on here!
which makes it more worthwhile for me to hold! ill send you a pic
and real investors are gonna grab all those outstanding shares. make you look like someone slapped you lol
this is what is considered a blank check shell company. which is very very good. nasdaq or nyse listing q1
Stock Exchange Listing Standards
Surviving reverse merger companies are subject to heightened listing requirements. Both the NYSE and Nasdaq enacted rules in 2011 requiring surviving reverse merger companies to complete the following prior to listing on the exchange:
A one-year trial period of trading on the U.S. over-the-counter (OTC) markets or another regulated U.S. exchange
The filing of all required Exchange Act reports with the SEC prior to listing
Maintenance of a minimum stock price of $4 per share for a specified period of time prior to listing
In light of these requirements, surviving reverse merger companies typically list on an OTC market during their trial period prior to listing on the NYSE or Nasdaq. Two of the most common OTC markets for such a listing are the Pink Sheets and the OTC Bulletin Board (operated by the Financial Industry Regulatory Authority), which have fewer listing and reporting requirements.
i rest my case
Identifying a Shell Company
The definition of a shell company is provided in Rule 4051 under the Securities Act of 1933, as amended (the Securities Act), and Rule 12b-22 under the Securities Exchange Act of 1934, as amended (the Exchange Act). Shell companies generally fall into one of three categories:
Blank check. Shell companies formed for the specific purpose of effecting a reverse merger are known as blank check shell companies. Despite the advantages of this entity type, only 5% of the Reviewed Transactions involved blank check shell companies.
Development stage. Shell companies that have previously filed a registration statement under the Securities Act and may have a business plan but only have nominal operations are known as development stage companies. Approximately 66% of the Reviewed Transactions involved development stage shell companies.
Natural. Shell companies that previously conducted operations that were either disposed of or otherwise terminated are known as natural shell companies. Approximately 29% of the Reviewed Transactions involved natural shell companies.
A central concern for privately held companies when identifying the shell company with which to execute a reverse merger is whether the shell company is free of liabilities. Upon consummation of the merger, the surviving reverse merger company will bear all liabilities of the shell company and, as discussed below, post-closing indemnification for these liabilities from shell company pre-closing shareholders is unlikely to be available. Therefore, comprehensive due diligence is essential, especially in the case of development stage and natural shell companies, with particular attention to be paid to securities law compliance, accounting controls, and legacy tax, employee, environmental, and tail liabilities that may arise from prior transactions by the shell company.
this reverse merger gonna be done in a few more weeks. end of january
then we shall see. one of us is going to be right.
the chance of this company being shutdown by SEC is 0%
avoid listening to the bullshit talkers. they are trying to do everything in their power to avoid you having a great retirement. avoid their posts like the plague.
considering its a brand new life, i would definitely not talk shit about this company. just watch.
ill get back with you in 30 days
why not? would you hold if you could sell for 10 in a year? i would
im staying here for the long haul.
once im a millioniare i will post pictures for all to see lmfao
the more aggressive and more bullshit posts popping up, means we are all in the right place at the right time.
it can go either way. you are using worst case scenario. i think this is that stock, that traders look for all their lives, but never find.
PCTI is based out of pensylvania. i think PCTI doesn't give a shit what happens in Nevada.
i dont know of any company who has government contracts who are less than 10 dollars a share. give it time, this stock will be one of the greats
as an oil company , you are correct, it was doing very poorly or i dont know what the hell it was doing. however, that changed overnight, so to speak. you are wrong with the negative outlook though. we all have golden tickets if you hold.
so ill bring my phazer set to RUN
this thing is gonna be a major player, probably another top govt contractor company like lockheed but not as big.
sometimes being crooked is needed before settling down with a winner
this thing gonna forward split in the future.
as long as they dont adjust my shares in any negative fashion. if they have to change the stock ticker symbol. then so be it. as long as i still retain my shares, ill be happy
more than likely, pcti has already secured big contracts for military use,
not to mention pcti is already getting into the energy sector where it is to increase 10 fold, within 5 years.
if its hinted that there will be a buyback of shares. penny land my ass. they're gonna go to dollar land, because they will need all that extra capitol to build more factories and god knows what, to meet the military demand.
this is the next "big thing" , for the future , going forward.
this turnip is the million dollar man version . its got all sorts of shit up its sleeve , yet people laugh because it is a turnip
what if you are 100% wrong on this stock and in dec 2020 it sits at a $10 stock or more?
what are you gonna do then?
what if PCTI can also design elon musk batteries or power supplies?
and that is why this stock stayed dormant at .0001 for 2 years. that is why it caught everyone off by surprise
i can bet you that if all those outstanding shares are bought up by the company, there will no way in hell be any kind of reverse split. a forward split is more than likely to occur.
was a do nothing oil rig company. look at the middle portion of the board.
i wanted to sell at least a few times and they never got bought at .0001 . so i had no choice but to hold. looks like someone upstairs is looking out for me.
p.s. this board is #1 for active forums lol
wasnt like this a week ago.
think about how much its going to cost to outfit all new equipment for the space 1/4ths?
i know right!
call in sick if you have to. get the hell on the market and buy right at opening bell. you will retire by next xmas
even holding 500k would be excellent. no one is going to be poor from owning this stock, moving forward. i guarantee you.
because you and me and everyone else that invested in this company knew from the beginning, that this company was only for drilling oil. that has all changed now. that 2 cents you took a profit on, will be nothing, compared to how high this stock will go. more like $2 per share.
desperation made me invest in this piece of shit a year ago and being stuck with a hopeful future as it now stands.
this stock going up 90,000% by 12/31/20