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For those who've seen a debt settlement like the one PCTL did... how long does it take for share prices to recover to prior levels.
122 million shares is what they got I believe.. I know we've covered that much volume since then, but surely they were smart and held on to some of it, knowing that 1.5 cents or whatever it dropped to was artificially low because there were so many new sellers.
If I'm in their shoes... I do enough research to know that I own a decent company, and I wait to sell until a big catalyst creates some volume.
So, in my guesstimation, it seems like annual results or quarterly results are when we're really going to see a lot of trades from them if they have any left to sell. I think we'll gain because of good results, but I think we'll probably gain less than what we should for the annual and Q1 if they're still selling, and then make up for it a little bit in Q2 when they'd be mostly gone.
I just don't see them being able to sell much ( or even wanting to mess with it) when we're looking at 4 milion volume a day... I think either they already did it, or they're waiting for the next big event.
Thanks for your perspective on this!
(to be clear, either way I think this is a long-term winner. I lost a bet this year and had to ship my friend some Chicago frozen pizzas ($77) because we didn't hit 6 cents by end of 2020. I am so confident long-term that I've told him I'll but him the same stuff every year that we don't close $0.06 or higher on 12-31.m Hopefully I've bought my last pizzas. We'll see!)
I've been thinking the same thing, just been hesitant to say it!! I just don't see how we get this much interest this fast without it.
It would make sense... some entity with capacity could swoop in and buy us cheap and own these patents which are worth far more than market cap right now, and have the resources to ramp up very quickly where it might take us some more time. (To be fair... Med stuff will pay for itself with bonds, it's the solar where we'd really need a lot of capital to ramp up)
If this is correct, it's a great sign, because if they're buying like crazy at these prices.... they're probably willing to pay a lot more.
Anyone with knowledge of solar want to make an estimate of the value of the solar patents? I know they're great, but attaching a $ to the extent of the improvement over the current tech... I have no idea. Thanks for any thoughts!
Indeed.
Exciting few months coming up and I have no intentions to sell before.
Not sure about $5-10 any time soon, but if you had told me where we'd be now 10 days ago I would have had even more doubt about that than $10, so there ya go :)....
Have a good one!
Volume here has been insane. Does everyone realize that this week the total volume was greater than the O/S? Over a billion shares traded this week and there are 966m outstanding.
I don't know how these things usually go, but it's nice to see how much support there is for these prices as we continue to climb.
Blessed to have stumbled on this one and while I have no idea what the price action will be, there are definitely good things coming on the business front. If there's this much enthusiasm now, I can only imagine what it will be like when some of these things become official.
Have a great weekend everyone!
awesome! Thank you for sharing!
They had quite a run in the NCAA tournament a while back.. dominating the #2 seed Georgetown. Not that this has anything to do with our sales... except that I'll be rooting for them again if they make it and bring along our product!
If I buy a $100 scratch off and I get $5.00, then I guess technically I "won", but I don't think that's what most of us are looking for here.
There is a published waterfall where clearly we don't 'win' in the same way Billy does. I still fail to see how the "Chanbond wins we all win" mantra overrides this.
None of us shareholders are denying that UOIP has an interest in this, so there is no ( or should be no) dispute that we are a part of it.
The issue is that Billy has apparently created this separate entity to 'win' more than the rest of us... and that is not fair, right or legal.
Until you have some reason to believe the waterfall document is fake, I just don't see how you can keep saying what you're saying while disregarding legal documents filed in court that suggest otherwise.
Have a nice weekend, God Bless!
Good morning! Goes without saying.. This has been amazing. I sold some and of course regret it, but held some too.
Question for the group.... How can I tell what is short squeeze vs. true value appreciation? Is there any way to tell how many people have covered and how many shares are still short? Is this going to settle down once all the shorts cover?
Thanks again. Still trying to process the last few days. I bought this thing at .0008. Crazy times.
GLTA have a great weekend!
so we should make the intro shorter??
Thank you sir.
I am not questioning.. just asking here... but it's interesting to share the data publicly... Like... any manufacturer could benefit from this, including those folks who are stealing our technology... I guess the case is still ongoing?
I'm sure it makes sense to put results in the public domain, but I just hate the idea of a bunch of other companies riding our coattails and swooping in and taking the benefit from our research.
Hope things are going well!
Where do we open tomorrow?
For the record, this jump... It's not like the company just all of a sudden became more valuable... It's been valuable all along.. This is always the direction things were headed. I just think it was extremely undervalued and now is much closer to fair value.
Within the last year, the company was worth less than a million dollars. No one 'missed out' per se, in that no one was going to sell their shares for that little. It's always seemed pretty tightly held, and didn't need much to pop in a big way.
Imagine what will happen when this thing actually gets fired up.
Good luck to all!
This is the best post I've ever read!
Yep! Love to see it!
Walls coming down like Jericho :)
I know right! I have a friend who had a bid in at .0016. She didn't want to pay .0017. This was a couple of weeks ago.
Can you believe the volume on this thing today? Guess that whole theory from this weekend about the 600M shares is kind of out the window by now.
Also.... guess that Friday close wasn't a paint job after all. :)
ah thanks! I looked it up one time and I guess I had the number 64 in my head and it was clearly 64 units to a gallon rather than 64 oz. Thanks for clarifying that.
My assumption of $1 a gallon is just an assumption, so if pctl is getting $2 a gallon instead, then my number is right on track...but I like being conservative so I'll assume $1 unless we find out otherwise.
Thanks for the response and I agree that whatever the amount is, it is 'easy' money.
GLTA!
WEll….. I sold some at $0.0055 and obviously regret it.
Thanks for that. I agree that free revenue is nothing to dismiss... and quick back of the envelope alone tells me that EON Mist alone justifies the price I bought this a year ago ($0.006)
At the same time... This is not what's going to carry us to riches.. It's more of an icing on the cake thing :)
GLTA!
it's a 'gap' because someone out there is trying to cover in a hurry! :) :)
Good morning all!
Wife bought two Eon MIsts from local Target. Picking them up this week. Question is this.
Quick math (and google) tells me that it takes 32 of these little 2 oz guys to reach a gallon. So while these things are selling like crazy.... I'm not clear that PCTL is benefitting very much financially ( I think the name recognition is good)
If it's by gallon and we assume $1 per gallon paid by distributor to PCTL, then it would take 32 million units for PCTL to get $1million.
That's not a bad amount, but it's not lucrative either. Based on the 3q numbers, and Eon was selling during Q3, I didn't see anything that led me to conclude that this calculation was extremely off. Not saying it's right, but just saying that I haven't seen anything that shows that this isn't in the ballpark.
I think this stuff is a bonus and our bigger opportunities lie elsewhere, but want to hear the take of others or if anyone has run numbers on what you think we actually make from these units.
Glad to see them selling everywhere, and will post some thoughts ( and manufacture dates) when I get my product!
Yeah. the share count at the end of all that was 966M, which it is now.
It is correct that SNPW issued a bunch of shares due to toxic debt for( and I quote your info here)
The 9 months ended September 30, 2020. This means that those shares were issued at some point in the first 9 months of 2020. Even if we didn't have ANY more info, let's just say that it was all done September 30, 2020. There has been more than enough volume since then to cover all those shares many times over.
That said, we know this wasn't all done in September. Filings and company news showed that all the toxic debt was cleared in the early part of the year. If I recall, it was all done by April 30, except that there were a random million shares with an exercise price of $0.20 or something that expired worthless a few months later. Point being... one can read all the releases from this year and see that all of these shares were taken care of long ago, and that the share count has not increased in 6 months ( nor could it, because we are close to the ceiling anyway.)
I know you already know all this, but posting for anyone who sees your stuff. Pretty easy to read the last 3 10Qs and putting the pieces together as far as when all the shares were issued. IN fact, I have some time.. so why not!!!!
This is from August 10Q page 5:
"Common stock $0.0001 par value, 1,000,000,000 shares authorized; 966,726,357 and 725,982,137 shares issued and outstanding,
respectively"
This is from the 10Q filed in June, also page 5:
"Common stock$0.0001 par value, 1,000,000,000 shares authorized; 966,726,357 and 725,982,137 shares issued and outstanding, respectively"
Those are the filings. Here's a statement by your logic:
"I graduated high school in the 30 year period ending Jun 20, 2020." This is a true statement, but you'd assume I just graduated. In fact, I graduated in 1997 and it would be misleading to state otherwise. If someone asks me when I was born, next time I'm going to tell them that I was born in the 100 year period ending yesterday, and we'll see if they think I was born the day prior. You're going to need to try harder. There are plenty of things to discuss and debate here, but this one is easy to dispell with facts. Work harder bro, you're going to need to before tomorrow. A few hours left to make your case!
OK, you made me do it with all these misleading posts. This is from page 9 of the recent 10q:
" MedRecycler RI, Inc. recently entered into a term sheet with a third party for a $2 million investment into MedRecycler RI, Inc. Pursuant to the term sheet, on November 12, 2020, a convertible senior secured promissory note for $500,000 was executed that will convert into ten percent (10%) of MedRecycler RI, Inc’s common stock upon MedRecycler RI, Inc. receiving its operating permit. MedRecycler RI, Inc. is currently drafting agreements under the term sheet for a stock purchase agreement to purchase an additional twenty percent (20%) for$1,500,000 upon receiving its operating."
(Note that this is not a dilution of SNPW... this is just ownership of Medrecycler. SNPW has the ability to build plants elsewhere.)
----
Second issue, this 600 million share thing.. Where are you getting that?
THis is from the most recent annual report, page 7:
"On or about December 26, 2019, we issued 34,494,000 shares of common stock to one entity pursuant to a cashless exercise of a warrant, with an exercise price of $0.00009 per share of common stock. The issuances of the above shares of common stock were exempt from the registration requirements of Section 5 of the Securities Act of 1933 (the “Act”) pursuant to Section 4(a)(2) thereto as isolated transactions not involving a public offering. Following the issuances and as of the date of this filing, the Registrant has a total of 966,501,700 shares of common stock issued and outstanding."
Share count and OS are exactly the same as they were then. Where would these new 600m come from lol.
Again, I don't know what the price will do here, but I do know the phantom shares won't hit the market and in fact, the issue seems to be the reverse... that many big holders have shares locked up.
Anyone looking to invest should read through the entirety of the filings before making any decisions. GLTA
So you think all these companies that got shares a year ago have just been hanging on to them for this long???
Never seen an example of that happening, and we know it didn't here... By my (rough) count/observation between about 30-35 individuals over 1/2 of the float is owned.
I'm not even saying that it won't consolidate at some point, but the idea that because you've looked at past volume ( What does this even mean? The total volume in the past year has been well over 600million. The volume Friday alone was 68 million. Average volume now... much lower than when these shares hit the market... is 9 million. All those shares could have traded and churned many times over) you have concluded that there are a bunch of shares about to drop. That's just not happening.
GLTA
Cool thanks!
It's interesting.. I wonder if we'll do a split at some point in the future.. A panel company and a recycler company. Each has the opportunity to be huge... I rotate between which I'm more excited about!
Sure.. I bought in at .0008.
My favorite penny stocks are those with a great story and strong fundamentals, but just a long wait.. I say that because those with a long wait are undervalued, and as they get closer to 'success' then the value starts to catch up to where it should be.
I was convinced here because the CEO put his house on the line to keep this going.. It's all there in the filings. I don't know that I've ever seen that much faith in penny land.
As I did more research, I really came to the conclusion that aside from the 'time' element, SNPW was really on the right track. Another poster here did some great DD about the process with Rhode Island, and confirmed multiple times that this wasn't just some scam.. there were real filings, real tech, real bonds, etc. Recently, a PE Firm agreed to buy a portion of MedRecycler for a few million.. I forget the details ( they're all in filings) but we get the benefit of 'outside' analysis to give us a valuation, and what they're buying on this one facility doesn't even take into account the solar, and potential on other facilities, which would be all owned by SNPW>
Fair disclosure that I don't know what people should be buying in at right now and I don't have a great target. Long term, this could really be a moonshot, but in the next few days and weeks, I have no idea whether this will go up or down. I know there are a lot of us who bought in low and so the float is relatively tightly held (there are a few people who own 40-50 million.. I own much less) so if and when good news does hit, it could shoot up, especially as demand will be higher than supply.
All that said, I sold about 10% of mine the other day, and with each 20% gain I may shed a bit more, I'd like to get to where I'm free-rolling. I do believe in this company and believe it's worth more than it's currently valued... but also want to be realistic, especially to new buyers, that it might not necessarily go to a nickel next week or anything. I'd love to see it though. GLTA!
Yes I know.. I own a ton of shares, don't get me wrong.. Just trying to get some details about the benefits of our panels over the regular glass. I know it's a big deal, I'm just not great with the specifics behind it... Like... is it good enough that others are going to convert their solar manufacturing to our stuff? Been in this close to a year and excited about the future either way!
I get that non-glass solar panels are awesome, but I want to ask a few questions and get some more info here.
1. Is our patent the first for non-glass?
2. I know benefits are environment, cost, longevity.. but what is the biggest benefit you see.
3. How much of an improvement over current panels is this? Are these good enough that everyone is going to want them overnight?
4. If our panels are that great, how quickly could we ramp up, license, and potentially even convert existing manufacturing to these solar panels, assuming some companies wish to switch over and pay a royalty. ( I suppose this question is asking.. how similar is the manufacturing process here to what it is for regular solar panels?)
Thank you for your time!
Thanks! No lie we just ran out of our hydrolyte yesterday and the wife was hassling me about getting some more. She spends an hour spraying down our groceries each time we buy.
Until we get a distributor near us (and until the stock goes up) I need to penny pinch a bit and don't want to pay a ton for shipping. I hadn't checked Eon in a while but wouldn't you know it.. ready for pick up in 2 hours at my place here right outside of St. Louis, Missouri!!!
Exciting because I'll save a bundle, but also because I see that we're making our way around the country.
Not many penny stocks out there selling product nationwide.
GLTA
Great post sir. Thanks for the information you continually provide.
While the price jumped big in the last 5 minutes, there was a flurry of action, wasn't just a few tiny trades. It's worth everyone checking this out.
https://ih.advfn.com/stock-market/USOTC/sun-pacific-pk-SNPW/trades
I don't know what Tuesday will bring, but these are exciting times, and I appreciate the information you've provided along the way.
Good times ahead!
OH SNAPZZZ half a penny.
Here we go!
I love our potential and glad we're so close. Looking forward to what the next couple of days and weeks bring.
Thanks for putting this out there Mike!
When can you tell us? Market close?
I'm interested in this super secret news as well. Care to share?
Thank you! I imagine the place is all set up and waiting for occupancy permits and all before they can fire it up.
With how much all of us have in here.. it would seem that the large volume lately is the same shares trading back and forth.
GLTA
THis is a great sign off!
"my facts as always"
LOVE IT!
This is a great timeline sir, I hadn't seen it yet.
Wow I love the optimism!
That's exciting that there's a chance the permit is approved tomorrow. We know it's coming, but it's nice to be in the final stages of this becoming reality.
Should be an exciting couple of weeks!
3% of the float has traded today. That's quite a bit of action.
I'd like to, but that's family time.
In any case, I'm not sure it would be great to spook them with a bunch of out of towners calling in. Probably best just to let them do their thing and see what comes of it. Everyone on the board seems to be on board, and all the analysis seems to be coming back as expected. A long process but the silver lining is the cheap prices we get in the meantime.
GLTA
Any idea why our plant isn't on the agenda? I'd think it would be if there was something to discuss. I guess we are waiting for public comments or public hearings or something.. Maybe the council has done all they can do until then, though I would have expected them to at least review the third party analysis ( though maybe they already have).
I won't be able to listen in but hopefully someone here can!
GLTA
Thanks.. I guess I kinda just thought a lawyer is a lawyer, but I get that they'd need to be admitted or whatever.
You've always said shareholders won't see a penny, I guess I'm curious why you think it would be effective to get a lawyer. Did seeing the TRO change your opinion of our chances in this case or something?
NICE! Thanks for sharing :)
Do we know when the open is?