The Black Keys
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Be prepared because @PCTL_ isn’t- More bad news.
@PCTL_ this poor guy pretending to be CFO should consider contacting SEC and explain how he was taken advantage of.
Maybe this was also different Grieco
"Do you have any idea about what your run rate will be in 2021?" asked Jolly. "We see $10 million as our minimum and we expect that we can go substantially higher," said Grieco. "We're very comfortable with stating ten million for 2021, which will be a substantial multiple over 2020."
Maybe this was also different Arthur E Abraham that Projected $5 million Revenue April 6th 2022 on his podcast
Maybe it was a different UK
Maybe it was a different Nigerian cash infusion
Maybe it was different toxic debt eliminated
Maybe different cleaning company acquisition
Maybe different testing and retesting
Maybe different uncoverable convertible
Maybe different werks buildout
Maybe different e-commerce
Maybe different hospital consortium
When it comes to Considering @PCTL_ and GG and these like kind and quality financial crimes and defrauding investors; the like likelihood and probability we have discovered hidden attributes of the hidden CEO are beyond the benefit of any doubt. Maybe he pokes his head up and clears up the association
regarding @PCTL_ CEO’s fraud; I’ve presented and provide verifiable information.
I hope ALL victims continue to petition the SEC for justice regarding @PCTL_ charade
https://www.sec.gov/whistleblower/submit-a-tip
Considering the state of affairs @PCTL_ it’s unlikely the CEO will come out of hiding and address the concerns of corruption fraud nepotism omission non-performance false projections fake news releases missing distributors and this historical momentous issue at hand
Facts; @PCTL_ CEO has at least 44 years of experience in misrepresentations and omissions of material facts.
My shared discovery regarding @PCTL_ ‘s CEO’s history of defrauding investors is from accurate court SEC affidavits that lists ALL defendants in case, not news digests. The news digest story states “all defendants” while the SEC affidavit states;
Finally, the Complaint alleges that defendants Wagner, Hayes, and Grieco hired defendants Walters, Rogers, Wells, Hosid, and Schell to sell the debentures.
All the defendants allegedly made or caused to be made numerous misrepresentations and omissions of material facts, concerning, among other things, (a) the risks of purchasing the debentures, (b) the financial status of the debenture issuers and (c) an intricate web of self-dealing involving the debenture issuers and defendants Wagener, Hayes, and Grieco.
Simultaneously with the filing of the Commission's Complaint, defendants Grieco, Midwest Engineered Housing, Wells, and Hosid consented to the entry of Final Judgments of Permanent Injunction against them, without admitting or denying the allegations contained in the Commission's Com-plaint.
The Honorable Howard G. Munson, United States District Judge for the Northern District of New York, signed the Final Judgments on June 21, 1979, which (a) enjoined the defendants from violating Sections 5(a), 5(c), and 17(a) of the Exchange Act of 1934 and Rule 10b-5 thereunder, and (b) provided for other equitable relief, including disgorgement and the appointment of a Special Fiscal Agent to oversee the ordered dis-gorgement.
White collar offenders like @PCTL_ CEO GARY GRIECO are generally portrayed as "one-shot criminals" but they reoffend after their initial contact with the criminal justice system at alarming rates.
Recent empirical studies, show that those convicted of white collar crimes are often repeat offenders. The study looked at the criminal careers offenders like Gary convicted of white collar crimes in U.S. District Courts.
Eight Federal offenses were examined: antitrust offenses, securities fraud, mail and wire fraud, false claims and statements, credit fraud, bank embezzlement, income tax fraud, and bribery.
@PCTL_ can CEO please explain the terms of permanent injunction levied against him? Is he in violation of this permanent order?
Your search results will only include individuals charged in SEC actions filed between October 1, 1995 and March 31, 2023.
My discovery of @PCTL_ CEO’s history of fraud is; Litigation Release No. 8799/June 27, 1979
Other intelligence and connections lead to discovery
Hard to quantify the damages this man has perpetuated beyond the $30,000,000 laundered via this stocks ticker. How deep is the fraud beyond corporate performance is CEO Perpetrating fraudulent claims of sanitizer possibly putting lives at risk?
@PCTL_ CEO defrauding investors / since 1979 / $1.5milly
William D. Moran, Administrator of the New York Regional Office of the Securities and Exchange Commission, announced that on June 20, 1979, the Commission filed a complaint in the United States District Court for the Northern District of New York against John Wagener, Robert Hayes, Gary Grieco , General Tool and Die Company, Inc., First Alleghany Corporation, Financing Associates, Inc., Midwest Engineered Housing Corp., David C.
Walters, Robert C. Rogers, Howard W. Wells, John H. Schell, and Stephen A. Hosid, seeking (a) to enjoin the defendants from violating Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933, and Section 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5 thereunder, and (b) other equitable relief, including disgorgement of the pro-ceeds from the sale of debentures issued by the corporate defendants and the appointment of a Special Fiscal Agent to oversee disgorgement.
The Commission's Complaint alleges that the de-fendants defrauded over 75 investors of more than
$1.6 million in connection with the offer, sale, and delivery after sale of debentures issued by General Tool, First Alleghany. Midwest Engineered Housing, Financing Associates, and Great Lakes Systems, Ltd., a bankrupt corporation located in Clarinda, lowa. The Commission alleges that de-fendants Wagener, Hayes, and Grieco were the primary promoters of the five issuers' debentures, and that none of the issuers registered the offer or sale of their securities with the Commission as re-quired by the registration provisions of the federal securities laws. Finally, the Complaint alleges that defendants Wagener, Hayes, and Grieco hired defendants Walters, Rogers, Wells, Hosid, and Schell to sell the debentures. All the defendants allegedly made or caused to be made numerous misrepresentations and omissions of material facts, concerning, among other things, (a) the risks of purchasing the debentures, (b) the financial status of the debenture issuers and (c) an intricate web of self-dealing involving the debenture issuers and defendants Wagener, Hayes, and Grieco.
Simultaneously with the filing of the Commission's Complaint, defendants Grieco, Midwest En-gineered Housing, Wells, and Hosid consented to the entry of Final Judgments of Permanent Injunc• tion against them, without admitting or denying the allegations contained in the Commission's Com- also converted th plaint. The Honorable Howard G. Munson, United from investors to States District Judge for the Northern District of Speer Compan
New York, signed the Final Judgments on June undergone liquidi
21, 1979, which (a) enjoined the defendants from payment of $936
violating Sections 5(a), 5(c), and 17(a) of the Exchange Act of 1934 and Rule 10b-5 thereunder, The second cons and (b) provided for other equitable relief, includ- formation to whic ing disgorgement and the appointment of a Spe- charges comprisi cial Fiscal Agent to oversee the ordered dis- May 25, 1977, c gorgement.
@PCTL_ looking forward; "Reporting companies are required to provide investors with timely, accurate, and full information with which investors can evaluate the significance of reporting delays,"
"In these cases, due to the companies’ failure to include required disclosure in their Form 12b-25, investors relying on the deficient Forms NT were kept in the dark regarding the unreliability of the company’s financial reporting or anticipated material changes in operating results."
The SEC's orders find that the below listed company violated Section 13(a) and Rule 12b-25 under the Securities Exchange Act of 1934 by failing to make the required Form NT disclosures. Without admitting or denying the findings, the company agreed to cease-and-desist-orders that made the following findings and require payment of the following penalties:
@PCTL_ auditor & stockholders have concluded that management is not providing true and fair information, management's estimates have proven unreasonable (see paragraph . 13 of AS 2810, Evaluating Audit Results) and that its effect is to cause the financial statements to be materially misstated
@PCTL_ Matched Trading Scheme will be delisted. Criminal Indictments related to securities fraud wire fraud money laundering. Looking Forward, held in custody awaiting sentencing
@PCTL_ if you made trades based on the published lies and false promotional campaigns (such as I have attached in this post) it is likely you are a victim and have an actionable claim.
Don’t forget to share your experience with SEC https://tcr.sec.gov/TcrExternalWeb/faces/pages/accept.jspx
And S.C. Attorney General https://www.scag.gov/media/ns5byshg/securities-complaint-form.pdf
@PCTL_ less credibility than credit. Companies business plan collapses under the weight of lawsuit incompetence and compliance scrutiny.
Dire Straits @PCTL_ non compliant material omissions exhausted capital structure triple digit operational loss no financing opportunities absent directors missing CEO bankruptcy eminent
Material Omissions and Misrepresentation of Material Events is commonplace @PCTL_
Then it is know now @PCTL_ quiet period stealth-fully affording insiders and stakeholders a manipulated exit before disastrous 2022 results are uncovered.
@PCTL_ 600% increase can’t pay for audit. Deception, Distortion, Delinquent.
When’s the Delist date?
@PCTL_ is a scam of fancy verbiage and ambiguous developments. Nothing is happening. No new groundbreaking achievements in any aspect of the business. No operational revenue. No real unsolicited press coverage. Just unverifiable statements followed up with an iron clad disclaimer. Any reoccurring revenue is quickly sold. No form4 insiders don’t support holding or purchasing stock.
Please be aware @PCTL_ CFO Arthur E Abraham> April 2022 Podcast: Projected $5 million Revenue 2022
https://pctl.com/wp-content/uploads/2022/04/PCT-April-Podcast-Update-2.mp3
A February 8, 2022 Letter addressed @PCTL_ Shareholders falsely claimed
Cleaning up the balance sheet
• We’ve eliminated short-term expensive debt
• We’ve eliminated toxic debt
• We’ve virtually eliminated medium to long term debt R & D and Infrastructure
• We invested heavily in R&D, upgrades to the warehouse and shipping efficiencies and significant build-out in our Ft. Wayne facility
Read more here:
https://pctl.com/wp-content/uploads/2022/02/2021-Shareholder-Letter.pdf
Nothing Changed
Stock Selling Program
@PCTL_ should really do something to protect what little integrity they may be able to salvage by asking employees not to publish nonsense like this;
Mid morning and ZERO trades on @PCTL_ sad situation.
I don’t see any dollar volume that supports upward movement @PCTL_ just illiquidity swinging the price.
Any chance you’re aware of insiders are buying? Haven’t seen a form 4 in years @PCTL_ another tell-tail stakeholders know the death spiral is unrecoverable
It’s just price swinging on illiquidity @PCTL_ the next bottom will be bouncing in the triple zeros. Dollar volume is showing just a few trying to catch a falling knife.
The company could solidify a deal to provide baptism pool water for every church in the entire country and it would only create another stock offering event for the stakeholders. Nothing will ever build equity here. The business is designed to produce a widget at a loss and sell stock at a profit.
Revenue @PCTL_ has always been non-operational. With the capital structure exhausted and toxic notes in default future financing is nonexistent. Auctus lawsuit and insurmountable debt payments are slowly drawing the curtain on this charade.
The delisting and bankruptcy roll up @PCTL_ will coincide nicely with the absent CEO’s retirement.
As stockholder’s we see the operation and our investment as a failure but from the business owners / benefactors / perspective it’s been and absolute goldmine. Free money freshly laundered via OTC markets pretending they are working.
@PCTL_ how much money was laundered on this purchase/transaction. I wonder if it was more or less successful than the Werks scheme. Probably one of the many fake transactions the auditors wouldn’t sign off on
@PCTL_ all stop. Spin-off failure. Filing failure. CEO in hiding. CFO embarrassed. Absent Director. Token investors relations quits. All stopped. No payments. No Revenues. No Loans
@PCTL_ $250,000.oo monthly burn rate included historical audits.
My research indicates the inability to produce audited financials @PCTL_ is due to the fact that the auditor identified or suspects non-compliance. Now the auditor is considering whether law, regulation and ethical requirements require the auditor to report to an appropriate authority outside the entity.
the failure to perform sufficient procedures to test revenue,
the failure to perform sufficient procedures to test the allowance for doubtful accounts,
the failure to perform sufficient procedures to test the existence of inventories, including the failure to perform sufficient procedures related to the use of the work of a specialist.
@PCTL_ has no goodwill or interest in protecting stockholders.
By issuing an early announcement in a press release, companies advise investors and analysts of potential surprises ahead of time. This enhances goodwill with the investment community and may protect the stock against wider swings after an earnings estimate miss.
A preannouncement is a voluntary disclosure of a tentative earnings amount made shortly before the formal earnings announcement.
The SEC requires that companies report their annual earnings (form 10-K) no later than 60 days from the end of its fiscal year.
What are the signs @PCTL_ is going under?
cash flow problems, due debts, poor bookkeeping, not accurately forecasting future earning and spending, then there's one of the most obvious warning signs that @PCTL_ is going under. Unable to disclose or discuss eoy financials
@PCTL_ The Note is repayable by four bi-monthly payments of $67,500 on the 15th and 30th of every month beginning on December 15, 2022.
no wonder the CEO is hiding in Cabo with bills due like this every couple of weeks and no more stock to sell.
@PCTL_ Maybe leased, but facts are facts. MRR monthly reoccurring revenue has been pawned
…Only thing this company sells is stock…
On March 4, 2022, the Company sold future receivables with a non-related party for $131,100, of which $36,100 was loan fees
On April 13, 2022, the Company sold future receivables with a non-related party for $81,600, of which $21,600 was loan fees
On August 15, 2022, the Company sold future receivables with a non-related party for $57,600, of which $17,600 was loan fees
@PCTL_ The $128,000.oo note WAS due on March 29, 2023. Anyone know just how much debt is in default now? Is Gary still in hiding?
Rest assured they did not buy / have not bought anything from @PCTL_ hence the “placed” and “shipped” verbiage.
Doesn’t mention @PCTL_ in any way shape or form. It more likely the vendor has partnered with a reputable and reliable manufacture. The “partnership with hospital consortium” fails the sniff test - same as all other “placed” and “shipped” announcements that faded away into expense generating activity aka money laundering event.
@PCTL_ conventional financing and business with municipal or government entities are well beyond reach due the delinquencies of financial disclosures and Tax filings
Undoubtedly sales and interest in @PCTL_ ‘s products and services have been negatively impacted due to the company’s exploitation of and lying to shareholders. Customers especially institutional entities perform wellness and background checks before formulating relationships. It’s obvious the large majority of published information about this company is related to pumping and dumping the stock and using loans to pay loans. Considering the company doesn’t have anymore stock to sell and can’t file financial disclosures the bleeding isn’t going to stop. The companies reputation will continue to erode as bankruptcy eminently approaches.