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Or the court case that saved 2020 for that matter LOL.
Agreed, quite frankly I put a lot more skin in the game than expected from the get-go based on what happened earlier this year. I had a very nice position before CV, however I get frustrated with the growing pains which is my own mistake. Ready for the systems to start being placed at a higher rate- as this is where the real long term value lies with this company.
Doesn’t matter what news this thing gets there is just unlimited sellers lol
If revenue is $2+ million... I will change my outlook. I still hold because this thing is grossly undervalued, however my expectations on PPS dwindled after realizing the scarce sales we had in Q1 and Q2 relative to the amount of business PCTL should have been getting in regards to it's fluid sales. However, I continue to hold and actually recently added again mostly because this ticker is just grossly undervalued.
I think any arguments that when a vaccine is found it will render the fluids useless is a big mistake. I think the pandemic has changed the world for good. Airlines, cruise lines, hotels, etc... the companies in these industries will have to continue using disinfectants in order to make their customers feel safe. Not to mention hospitals that make up the majority of our business now and for years to come. Also we are continuing to wait for word on the UK business as this could be a potential break-through for PCTL and it's shareholders. And finally, the system sales have clearly risen recently and with those continued sales - the recurring revenue is growing at a rapid rate. These systems will provide stability to PCTL and enable PCTL to expand their growth as they have already been doing as of recent.
I think management has some work to do and needs more experience, however their intentions seem to be very good and credible. This could also serve PCTL in a big way going forward as confidence has dwindled when filings become overdue in the recent history.
We know why as we are dealing with the same issues elsewhere.
Infringe and make a boatload of money in this global pandemic - pay 1% of revs years later after a long legal battle. Simple and easy money. Until PCTL gets a Judge to serve a cease and desist this will continue.
Not to mention - that last time we were late on the 10K and 1Q by a long shot. Also we didn't have verified numbers of the growth that has occurred. I think reality fell very short of lofty expectations here as we all know but now this thing is way oversold based on overreaction. Look at the market cap at current prices then reference that back to the conservative projection of $4 million in revs this year. Pretty gross that a company growing at the rapid rate PCTL is and yet the market cap is sitting in the 4-5x revs range. Not to mention the margins are very strong in this business which drives the EPS up even more.
We will see what happens in the coming days - however days like yesterday and today tend to pucker up everyone's you know whats and they sell to build up cash position.
Definitely some dilution here since the Q released. Let's see how much money was needed to settle these liabilities. Terrible time to dilute when the market is crumbling and holders are worried about cash and selling off.
Domino effect in place. We will see what happens but this doesn't look good.
I guess this thing will just continued getting fried until it finds support. Seems like there is some really big holders getting out over past couple of days due to underwhelming performance in reference to huge expectations of the last 5-6 months.
Will be scooping more as the market cap is comical considering we are still targeting $4 million in revs this year. With tremendous growth over the last year and expected to exponentially grow in the next year of operations.
Good luck everyone.
These sellers really are not very bright. Market cap now hovering under $20 million that is comical.
How is it possible?... bid support starts to dwindle as buyers jump eachother and exhaust their funds to buy at ask. Then when action slows and the bids dwindle the MM sees weak bids and dumps a couple of shares to drop the price substantially and scare holders into selling where it clearly works perfectly as look how many geniuses sold under .038 today.
Again they did this probably because they took a decent amount of short interest yesterday to drop the price when they saw the weak action after the quarterly was released the night prior.
I think it’s possible there is some dilution of course.
Because as I said they saw weakness yesterday after the 2Q release so dumped shares they didn’t have into the bid for a quick buck and then this morning they almost lost their asses
What goalposts?... is a company’s main concern not to raise sales? They have done so consistently for the past year and with this quarter grown up in a big way.
They are still trying to hold the lid on because after the 2Q released the action was initially weak. As the day progressed you really started to see the MMs apply pressure and try to dump the price meaning they are now short after filling those bids yesterday. Now they were near losing their own ass as the price moved up 30% on real volume.
It’s always easy to tell when the MMs get a hold of it because it took 8-9 million in volume in the first 20 mins to push this up 30%, then it only took about 1-2 million to drop it like a rock back to even on the day. They know what they have to do and it will always work that way. Until of course the run comes and there is no stopping it on the right news.
Very worried and active here today huh? Saw how quickly it could move and figured It was needed lol
Looks like the bad guys just continue to be blessed and this time with God's intervention. It's honestly frustrating beyond measure so that is why I try to not even think about it anymore. Doubt we will see anything until Jan or Feb next year.
Lol definitely a stretch right? I would assume the problems with Q1 and Q2 were the very late 10K. We will see how it goes.
All is good here man really expanding my horizons on the investment side of things. Not so much in the market more so in physical business I can see with my own eyes and have real time access to all financial data LOL!
As of recent. That is not the case for the run ups in Jan, Feb, and March.
So if Q3 shows $1.5 million in revenue and shows an operating profit... What would be your projection on pricing at that point? What would this company be worth to you based on the rise from $270k in Q1 to $880k in Q2 to $1.5 million+ in Q3 and a transition from operating loss to operating profit. And let's just go the next step and say Q3 will be filed ON TIME.
Exactly and I've explained this three separate times on this board even before the 2Q was released. People just don't understand accounting or financials and frankly it's sad.
Agree 100%. However, I feel like the greatest demand for the fluids was the 2Q and seems we did not live up to the expectation. If our price point is $5-10/gal then we only sold 50-110k gallons for all of the 2Q. This seems pretty underwhelming for the expected rise in demand that was probably at an all time high going forward. I think there is still some growth in the fluid sales as we continue adding distributors, however I feel like we did a poor job on sales during the greatest opportunity we might ever see with fluid sales specifically.
The good thing here in my opinion is this has rapidly accelerated our efforts to get systems produced and installed. The quicker we get the systems installed the quicker we add recurring revenue in the systems department and also increases demand in the fluids. I just had much higher expectations due to the expected demand and our capabilities with production.
All in all, long term the Q shows growth and production which is great and as jesusloves pointed out... the beginning of debt settlements. The operating loss does not scare me too much because we are getting close to break even on MUCH higher volume in business. We are headed in the right direction but there will of course be small minded people to sell here in the short term.
What is unbelievable to me after reviewing the 10Q is the fact that our distributors are making money hand over fist and PCTL just can’t seem to get it right in the profitability department. Why are we continuing to operate at a loss while the distributors as one would say “business is boomin”.
I would be mad if I sold before the 10Q too lmao. Soon it will be opposite and this company will show promise again just watch LOL!
$60 million is pretty rich for $4 million in revenues?... do you trade any other pennies because that is a pretty ridiculous statement if so considering the garbage out there trading much higher than $60 mil with little to no revenues.
Not to mention $4 million in earnings would hopefully equal out to $2-3 million in net. With a 30 PE ratio your looking at $60-90 MC. Which a 30 PE is very conservative for a company growing at this rate,
The problem is they need to learn how to grow without taking on so much bad debt. Still giving away shares as of recently for cash. I’m not sure how something so promising and proven market penetration is having such a hard time finding financing.
Why would any of this information matter as you have told us many times over that no award or settlement will ever occur here as they have no real case against the defendants. Seems weird to even discuss Carter distributing funds when he will never have funds to distribute based on the information you have been giving us.
You don't get enough credit here. Bravo.
"You got an offer for your Amazon shares of $125 10 years ago in 2010. It would only be reasonable for your Amazon shares to be worth somewhere in the high $100s range at this point in time."
What a lovely analysis.
There wasn’t even a whole lot of dilution in comparison to the size of growth the company was enduring.
It’s not that they are about the past. They are numbers that are just misunderstood on this board and it’s actually quite sad that people really believe that PCTL could have possibly burned $10 million in the 1st quarter lol. What could PCTL have even done to burn $10 million in cash? How would manage to do so?
And yet your giving sources which support my declaration and deny yours. Like I said the transaction can be made between private parties who use the same broker and fill out a transfer sheet. If you understood what your source was claiming then you would understand that they are simply noting any type of advertisement to the public to “induce” buying is considered illegal.
It would not be considered a trade as the receiver is not “buying the shares” through the brokerage. It is simply a transfer of ownership of shares.
Assuming a 1 billion OS is the first mistake but conservative approach is always find by me so no problem.
If the OS was going to be maxed out through conversions and options why hasn’t it been done yet? There has been tons of opportunity for months and months.
Except that people must understand financial statements and understand what the operating losses reported actually mean. It’s a total joke how little people know about accounting and financial statements yet will let a couple posts lead them to believe that PCTL actually lost $10 million from operations in the 1st Quarter of this year lol. Mind boggling anyone could actually believe that.
Refer to my last post if you want to understand what the brunt of those operating losses actually were.
Except that the “Loss on change in fair value of derivative liability” is the bulk of the losses which you failed to recognize in your post probably strategically. Obviously this loss would be very high considering the amount of conversions from all of the toxic debt transitioning from late last year and the huge move in share price. This is not a loss pertaining to any actual cash or product. It is shares that were converted and now in the hands of investors. When the debt was taken on the toxic shares were converted at a much lower price and then sold at the substantially higher prices as the PPS moved. The only real losses we should be paying attention to here are the settlement of debt which we all knew as it was PRed that that debt would be settled with cash (much better than more toxic shares being spread amongst the market) and the Interest Expense which we clearly need to address going forward and if Gary and Co. want to achieve any success then it would be in his best interest to do so quickly.
According to Glisson’s plea agreement, Glisson, who was not a registered broker or dealer of securities, conspired with others to purchase and sell CMKM, Inc. penny stock after the U.S. Securities and Exchange Commission (SEC) permanently revoked CMKM’s trading privileges. Beginning in about December 2005, Glisson, and his conspirators used a transfer agent/company known as Global Stock Transfer LLC to cancel CMKM’s stock certificates that were held in the names of other co-conspirators and reissue them to Glisson. Glisson marketed the stock in Internet chat rooms under the name “Deli dog” or Deli,” and also used the mail and other resources to offer and sell it. As Glisson sold the shares of CMKM stock, the stock transfer company would cancel them and reissue them to the purchasers.
Or did you miss the part where the transfer agent was colluding with Glisson to cancel other parties shares and then reissue them to Glisson who would sell them and the transfer agent would then transfer to the new buyer.
If someone wanted to sell shares here and they both contacted their broker (both must use the same broker) then the broker could get it done with a transfer of ownership form filled out and signed by both parties.
Clinging onto hope for that same problem ever so often. Wonder what the next end-of-world story will be when the Q2 is released.
I'll get my popcorn ready.
Right on que... Soon as it breaks .04 someone tosses out 500k on the ask at .04.
Weird how that works out the same way every time...
Figured today we would see another clown sell at market. Happens all the time on the low volume days when the bids are looking weak. Or it's just the MMs seeing weakness on the bid and trying to take it down. Gets pretty exhausting to watch the same thing week after week month after month.
Be nice if we can get an update here soon this is getting frustrating.
Yeah for the most part as in there has been a couple 10s of millions in dilution here that is probably the only dilution he is responsible for. Everything else is likely warrants and toxic funding that he inherited from the predecessor.
It's funny that you might find the dilution here a problem yet just a couple weeks ago this was a buy for you. Then a sell. Then a buy again. All within a couple of weeks. Hard to take direction with someone flip flopping that quickly.
Good luck to you. Q2 will probably have you diving in late again.
Exactly... the classic pump and dump that so many whine about because they get caught up in them.
Yeah comparing CEOs from here to there is hilarious. That CEO has let the SS dilute from 72 million shares to 336 billion shares in 2 years with an RS along the way. Meanwhile the CEO here keeps the SS intact for the most part with little dilution along the way.
No comment on the closing price yesterday when it was green... Or the day before that... Or any day that it is green for that matter. Commonplace...
Why aren't these numbers tracked almost every other day when they are opposite. Not to mention, a low volume day here. Lol comical.