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So much for the new management team!
Looks like GG is still running the show.
At least GG is consistent!
Consistently F….up!
No NT filed?
Who’s going to get rid of him?
Isn't it still only a (5) calendar day period in which they will need to file Q2 if they file an NT?
Does the 8K today dismiss them from having to file an NT for the Q2?
Thanks
Maybe that "investigation" you've been warning us of made them sit up and take action and try to sort out this mess.
Easier to ask for forgiveness than permission
Skeletons in the closet will more than likely haunt PCT Ltd for years to come if they manage to exist.
Here we had a Publicly traded company that was being run by at best individuals with little or no business acumen. Shoot from the hip and see what happens.
Reminds me of a Small business owner I knew who did about $2M dollars in sales annually.
When it came time to do taxes he would get out a couple bankers boxes full of receipts and go to town.
Had a good product, provided good service, but didn't have a clue what it took to "conduct business" even in the most elementary sense. Always said "that's close enough for Uncle Sam.
Managed to operate for a few years before it all came crashing down in a big way.
Maybe Art is waiting for the phone call from GG stating that the $10M has been upgraded to $15M for '21.
They need to hold off on the Q so it can be added to the "forward looking" section .
With it being past 5:30, fairly safe to say the Co. will be filing an NT tomorrow.
JMO
Pretty certain whatever the most screwed up, convoluted way to handle this is the way they will go about it.
Options:
- Simply file within the non extension time limit.
- Wait until the very last minute to file a Form NT and then come up with some bull shit reason why it was beyond their control and that circumstances arose at the very last moment that were responsible for it.
Option 2 would tell me that GG is still calling the shots.
JMO
This does cast negativity on the Co. simply because of the way they’ve operated in the past.
Clearing the air is the first step in righting the ship and moving forward.
Don’t see it adversely affecting the SP since the point we are at is already depressed.
I feel pretty much anything inferred as negative that comes along in the next couple months is factored into where we are at right now.
JMO
Hard to say how the news will be received.
Negative.. that they f… up?
Positive.. they are correcting it?
Can you provide proof that there is a current ongoing investigation by the SEC regarding PCT Ltd?
Case number?
Initiation date?
Reason for investigation?
I’ll wait.
Thank you.
Look at what?
Where does it say BR invested more?
Gary hasn’t answered in months
Fair enough.
All opinions welcome
GG’s mere existence there brings everyone down to a lower level of performance.
Fair observation.
He has done so much damage in the last year and a half it may never turn around.
And if we have a new CFO who plays along with him and doesn’t correct the bullshit numbers it will NEVER change.
As long as GG is living and breathing and a part of this Co. it’s all a down hill slide.
Like I’ve said in the past.
The only salvation shareholders here have that are in this above .02/.03 is for someone like BR to pull a rabbit out of his hat and run this up to create an exit.
JMO
Pretty much tells me what the CFO word is worth.
We aren't talking about just missing this by even the 35% last year. Now it's more than likely gonna be closer to missing it by 75-80%
Market is closed on Saturday.
It amazes me how so many proponents of the Co. and management simply discount this entire Revenue estimation thing.
They say the Co. is growing, positives surfacing daily, new experienced personnel in place, etc.
But yet the words out of the mouth of the CEO stating a number that will never happen is brushed off and is acceptable.
After missing ‘20 revs by 35% one would think the Co. would restate ‘21 revs .
It’s just hard to believe that they wouldn’t do it. That’s were much of the pessimism originates.
Believing that Q3 and Q4 will bring in almost $9M is mind boggling and for the most part impossible.
Difficult to put faith in this type of operation when there’s a 99.9% chance revs will total maybe 20% of that figure.
Missing by 35% was ok, why not see where missing by 80% gets us.
JMO
You are generous stating $400K revs.
I’m thinking $275K tops.
Do it. We could all use something out of the norm to break up the boredom
"soon enough"
If we all had a $1 every time the word soon was part of a sentence describing something coming to fruition with PCT Ltd non of us would need to work our real jobs( for those who work).
GG is simply a dis honest person.
Many will stand up for him and say he was just over zealous and excited about the Co.
Bullshit. He knows full well what’s going on and that many of his statements were untruthful and misleading.
So much has been tainted in the last year and a half by him and his big mouth that it may never turn around.
It’s a shame to see a Co. that had very good potential reduced to smoldering dog shit because of one mans doings.
Honesty is it!
Even the bad things are acceptable and tolerable if ones knows there’s a chance they exist.
But to keep perpetuating the whole bullshit story makes it even worse.
If you know what you did was wrong, man up and say so.
I’m a contractor, if I mess up and cause damage or install a sub standard product that fails I go back and make it right.
Many times at my own expense even if I wasn’t the sole problem with whatever failed.
It’s just the right thing to do
What’s it down 300% since then?
“Trader, flipper, short, long..”. We’ve got all the above. Don’t really expect much activity from any of them
Fair enough. Thanks
Who did you speak with?
Maybe they just need to file on time. Period.
No extension.
No excuses.
Why be mediocre when good or even great takes just a little bit more to accomplish .
JMO
Fair question.
Immense can only be used to describe the Companies level of incompetence over the past year and a half.
JMO
Kudos to you!!!
A missed filing this time around would really show the level of incompetence and unprofessionalism this Co. displays.
With what we suspect they have in the works( probably very little)I could see no reason for an untimely filing.
New people in place, new system in place,
BR’s association with a number of fledgling pinkies has resulted in some quite substantial gains( although VERY short term).
I for one can’t see the $10M number even being remotely achieved.
Who knows how this might play out in the coming months.
I’m expecting Q2 to be under $300K and really don’t see the SP dropping all that much. .012 will most likely hold.
By the same token if we get a surprise and say $700/800K shows up I still don’t see much to the upside either.
Might pop to near .02 but then fizzle.
The big gains if they ever do materialize will come from something totally unexpected whether it be something legit or just a pump.
JMO
Has DE actually stated he feels the $10M could be an accurate number for 21?
I didn’t see that.
After his disappointment, him saying that leads me to believe there might be something to it.
After missing by so much with his price point from last year I wouldn’t think unless he’s pretty certain he would say that.
Will see what the next few months bring.
Next week will place another piece in the puzzle with Q2 results
A little mid week humor to lighten the atmosphere.
Well……. Maybe $2/3M for 2021.
Is it possible GG has an Ace up his sleeve and the $10M number is good with it all coming in Q3 and Q4?
Maybe he's just waiting for the big hoorah to prove all the naysayers wrong and then depart the Co. leaving it with a legacy and his accomplishments!
Are we on the cusp of becoming wealthy with GG to thank.
Good heavens, 2021 may be the year!!!!
Overall I think there’s a great amount of potential here for products and services.
As long as GG continues on in his capacity the best shareholders will ever get is a pop in SP due to totally unrelated circumstances .
Bottom line;
GG and Co. merits= .016 or less
Risk/Reward still there. It’s a Pinkie.