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Lol yes they did actually
Yeah, not sure this is hugely impactful if it's already passed though. But either way, its interesting.
At the very least they had some sort of involvement and/or awareness of their product on an international level. It's somethin'
From the looks of it, this expo already passed (was in April).
As interesting as this is, we don't know what it means.
Is the UK entity ramping up overseas sales and exhibitions? Did they just take out an ad in a pamphlet? (seems unlikely), did the Exhibitors just to decide to throw it in there somewhere?
I encourage folks to dig deeper. Let's email the company for comment and find out what it means? Are they exhibiting? Sponsoring? Supporting?
Don't know what this means yet but it aint nothin'
Interesting stuff.
I mean... we kinda have lol. Until we get any kind of official update it's all speculation.
I'm confident we'll get filings and PR soon. Then we'll know what we're dealing with.
Agreed. Which is why I've made the case that they don't care about the pps right now nor should they because they know the vast majority of people holding this stock and riding it are waiting to cash out on a spike.
They'll release news when there's news to release. And it'll be because it's news. Not because they want their .021 share price to go up to .05.
Which is also why I've made the case that the reason we haven't gotten a BS fluff PR is precisely because it serves no purpose.
I think this assumes that Jody, PCTL, Ontario, etc... give a rip about the share price right now. I don't think they do. Nor should they.
They're well aware of what shareholders are waiting for and what effect any news may have on the price of the stock. If they're truly looking at the longterm development and viability of the company, they're not concerned with doing something to make the stock spike to $1 this week only to come crashing back down to Earth when everybody sells it off.
Frustrating for us, sure. But it's a good sign for them.
I want what everyone else wants. A good deal, a high price, and the ability to take profits.
Jody, PCTL, and Ontario Inc are not, and should not be concerned with that right now. They're looking at the future, not the pps on August 28th, 2019.
Boooooooring day.
ZZZZzzzzzzzzzz
We're where we've been for the last few weeks. Waiting on something to spark it off.
If I had the bank, I'd make 911 trades all the time just to screw with people. Especially at these prices.
Tight shares. Not a lot of buying at the ask and not a lot of selling at the bid.
letsmakemoney wants everyone to know he's hoping for a good grocery money day.
Dude's gotta eat.
Because that's what the stock was trading for at the time of purchase.
This is what I'm talking about- the company is not worth remotely close to $50 million. C'mon people.
Yes, the potential for them is there. For sure. But what it MIGHT be worth one day based on POTENTIAL is not what it's worth right now.
This is a good company with a bright future. But their current revenue, regardless of what the Q2 earnings are, do not place it anywhere near that in market valuation.
We gotta walk before we can run, people.
There’s momentum and volume here for sure. I just think we need something to spark it off
Very true. Those kind of runs are supremely possible. But it still takes something to kick them off. Hopefully PCTL has one in them.
On no news? Doubtful.
We’d need something substantial to hit that level. And I’d be more than happy to get there, don’t get me wrong. But it’s gonna take a helluva run to see dollars anytime soon.
I think we still need to temper our expectations.
Something cause this run and it wasn’t something tangible or in the public knowledge.
So it’s either a lot of people with the inside track scrambling or just the fact that this stock is still on peoples radar and those that flipped or who have been watching saw a really great reentry point and came back. Maybe the EOD run-up was people betting on news dropping AH or tomorrow premarket. I dunno
There’s no momentum right now. No news. No whispers even really. At least not anything that’s halfway verifiable. The catalyst isn’t there.
But the expectation is news will hit sooner or later so when it didn’t, you saw the sell off. Now we might be seeing the reentry point for a lot of that sell off.
Also, the RSI is firmly in oversold territory so these things tend to correct as well.
Just saying patience is still needed and we should all temper or expectations of continuing an upward trajectory tomorrow.
Don’t be surprised if we dip again.
We’re still right where we always were- waiting for what comes next.
For sure. And if there are developments that are causing Jody or PCTL to re-evaluate the deal and want a better one- I’d guess it’s more because of that than any award.
Again, not knocking the award. But I think far too many people are making it out to be far more than it is. It’s a nice plus. It doesn’t increase the valuation of the company by much, if at all.
Yeah I have to disagree that Jody just didn't know what he had until the company won the TIPS Award. An award which, by the way, I think we're all making waaaaayy too big of a deal over.
Yes, winning industry awards are nice. They elevate your profile and expose you to potentially new eyes and helps validate your product, sure. 100% not knocking it... but let's throttle back. TIPS is a nice non-profit organization. It's not exactly the World Health Organization or The Nobel Prize. Settle down folks. It helps, sure. It's not a make or break development.
Jody knows what he has because he's spent a career in this industry and grew a company to $45 mil in revenue over the course of 20+ years. He knows what he has because he's worked for PCTL for nearly 4 years.
So no, he didn't just wake up one morning and have an epiphany because a non-profit organization gave his product an award that by the way 15 other companies also received. C'mon people. Temper your expectations about this.
Whether the deal is good or not, no one knows. But I agree the LOI would never have been signed in the first place if they had no interest in the deal as presented.
Keep in mind that the LOI is not a contract. It's not a done deal. It's not a merger in waiting. It's basically a promise to talk and work it out. So the exact terms may wind up being a little bit different than what's in the LOI and those could be good for PCTL, bad for PCTL, mutually beneficial, or any point in between.
Jody and PCTL may well be negotiating and trying to get a deal that works better for them but I would highly doubt it's because they think they have a $200m company in waiting and want a deal that values them as such.
On potential, this might be a $200m company. On the books, it's nowhere near that.
Someone mentions Shark Tank so I will too. You know why a lot of deals DON'T get done on Shark Tank? Because the owner of the product is too emotionally invested in their company and values it higher than it actually is.
"Hi, I sell this neat clock out of my basement and have done $10,000 in sales this year. I'm seeking $500,000 for 5% equity in my company."
Mark Cuban's laughing before the guy finishes the sentence. Sure, that clock could go on to be the next big thing and do $100 mill in sales... but right now you've done $10,000.
I have to assume that Jody's smart enough to not try and pull that. It's a total rookie move to value your company much higher than it actually is. Even if the potential is there and with PCTL we all know about the potential, it costs a lot of money to realize that potential. A LOT of money. Money that right now PCTL doesn't really have or they wouldn't be interested in a deal like this in the first place.
I agree, I want a good deal. But if there is a delay I don't think it's because Jody decided the TIPS Award launches their valuation much higher and I don't think it's because he's all of a sudden realized this is potentially a $200m company and any deal needs to acknowledge that potential.
I agree I want a good deal. A deal that lists them on TSX, flushes them with cash, wipes out their debt, and potentially opens up the Canadian healthcare market is a pretty solid sounding one to me. I have to assume they're working to make it happen. Maybe they are getting hung up over the 51% issue.. but at this point if they want to take a leap forward that might be what it takes.
But again... all this is speculation until we hear anything. Maybe they're renegotiating, maybe they're not. Maybe they're just waiting to ink the deal. Maybe they're prepared to walk away.
I do agree that PCTL has a TON of potential and they also have a lot of great things in the pipeline (AG deal for example) that might enable them to walk away if they just don't think the Ontario deal is good enough. I'm holding either way but hopeful we'll have good news sooner rather than later.
.50 on revs alone would probably be asking too much. That's a helluva jump.
Happy to see if though lol.
It's entirely possible.
Jody seems like the kind of cat who doesn't really update his LinkedIn profile much. Same with Doug.
However, if we connect the dots on the LinkedIn timeframes- we might not be able to know if they're still involved, but we can trust that the start dates are probably accurate.
So Jody's first gig after CSA was PCT. He's been there since 2016 so we can safely assume he left CSA probably around then, maybe a little before. Doug started at CSA in 2010 so it's likely that they knew each other even if Doug worked out of the Texas branch and Jody the Florida branch.
Either way, the fact that they both worked for CSA (which Jody co-founded) for several years at the same time, AND Doug works for SF Power Solutions which happens to be an authorized reseller of the Annihilyzer is too much to be coincidental.
So I don't want to speculate but at the VERY least they likely know each other and their relationship enabled SF to be an authorized reseller and open up that area. They're based in Florida where CSA was so it's not exactly a stretch geographically either.
There may be more to it than that. Perhaps more going on behind the scenes, but at the very least they had/have a professional relationship that's likely mutually beneficial.
Lotta hospitals in Florida.
I’m in and out tonight. Can someone spell it out for me? Lol
Nice run up to close. I do wonder what caused it though.
Without anything substantial, don't be surprised if we dip again. Hopefully, news is on the horizon which can help sustain buying pressure and cause us to rise.
Agreed. Anything is possible but this is speculation and nothing more until we hear definitively.
Jeez, where'd that come from.
Jeez, now Apostle's pumping. Maybe I SHOULD sell
If you're interpreting a routine quarterly financial filing as a "huuuuuge project" that was promised and failed to deliver.... ummmm no?
They're late on their filing. It sucks but it happens. It happens to thousands of companies each day. Sucks but it happens. It'll get filed when it gets filed.
The company did not promise a merger. They released a statement saying they were in talks for one. That's not a promise, nor should it have been taken as one. Nor should it be interpreted as one.
Last we have heard officially, the discussion and talks are still ongoing. Nothing has been promised and thus far, nothing has failed to been delivered.
Try harder.
They... didn't lie?
Where did the company promise a huge project that hasn't been delivered?
We do not know for a fact that they are changing anything. That is speculation based on unverified supposed correspondence that may or may not be true.
Maybe they are changing terms are renegotiating. That's possible. Or, it's also possible that the DD is just taking a bit longer. Mergers can take months. They tried to do it in weeks.
Not surprising that it's taking longer.
Anything is possible though, as KG once said.
No worries.
It is what it is, my friend. I'm as disappointed as anyone that we don't have more information and news at this point but all signs point to everything still on the table and forthcoming.
At some point, we'll find out what's going on. The company is obligated to file their earnings and I'm sure they will soon.
And at some point we'll get an update on the Ontario deal.
Will it be good news? I have no idea. But everyone here who bought- including the haters, bought because of that deal. So, no sense in selling now until we know for sure that it's on or off.
I'm still betting it's on but even if it isn't, there's still a lot in the pipeline for PCTL that can send the price higher and put them in a good position.
Anything is possible.
What the bashers and the haters don't seem to realize is this: It's not that we're looking at this through rose-colored glasses. At least, none of us serious longs. The relentless pumpers- maybe they are.
But the majority of us serious longs are well aware of the risk of trading OTC. We're well aware of the risks of trading a company which is late in filing their quarterly financials. We're well aware of the risks of trading a company in the midst of a merger/partnership/takeover negotiation as those don't always work out to the benefit of the shareholder.
We're well aware of all of those risks and many, many more.
It's not that we're unaware. It's not that we don't care. It's not that we're in the PCTL cult....It's that we've weighed the risks relative to the potential reward given our investment and deemed the risks to be acceptable.
While that post does raise some logical points, it's a lot of speculation. It's as speculative as the stance that "everything is still fine and on track."
Without any definitive news or updates, the only things we know to be true or highly likely are these:
1. The company has a legitimate product with legitimate revenue. This we know and instantly puts it into an elevated class of OTC stock.
2. They have likely increased revenue over their 1st quarter and the financials should reflect that. We don't KNOW this for sure, but given the developments in Q2 it would be near impossible for this not to be the case.
3. They're in the process of talking/negotiating/signing a deal which may or may not pan out but the only official update we received is basically "we're still talking."
4. They're late on filing their quarterly financials which is nothing new for them (they've filed extensions before) and not all that unusual for any company. The fact that they're on the OTC makes some people more hesitant about it, but companies on all exchanges and of all sizes have been late to file before. It happens.
And that's really all we know that has any material difference at this point. Anything else, positive or negative, is still speculation or hearsay.
Is the deal done, is it dead, is it coming today, tomorrow, etc. Is Jody good at his job, bad at his job, etc. Those questions have answers for sure.... But no one on here knows them.
So while it's fun to speculate; we won't know until we know. Then we'll know. In the end, we'll know who was "right" and who was "wrong" and all the yelling an name-calling and bold decrees and definitive declarations, all of it... won't really matter. Because it will be whatever it is.
First time in the OTC?
Then you shouldn't be trading stocks and certainly not OTC.
Ontario Inc was formed specifically for this deal though.
RSI firmly in oversold territory. Should see a bounce.