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The importance of this news cannot be understated, and the extensive efforts to downplay it make that even more true. Maybe not today, maybe not Friday... but this stock is going to soar on this news. I just don't see anyone selling for 2 cents. We're way undervalued and we know an uplist and some big PRs are on the way. So exciting.
I'm trying to hold myself back from selling my final other stock and putting it all into this. We'll see how long I can hold out!
it's in the Q. SNPW doesn't own 100% of MedRecycler. Nick owns a portion, lawyers own a portion.. there's a whole long paragraph about how it wouldn't have gotten funded if we'd owned it. Our stake has been 51% for a while, but was recently reduced to 46%. No big deal.
Also worth noting that we wouldn't see any 'profits' from Med until all debt is paid, that's part of the deal. Not a problem for me... but definitely worth giving the Q a read in its entirety, that one's been in there for a while i think!
This is amazing news. I now believe that PCTL is the deal of a lifetime. I have spent up to 6.5 cents on shares of this stock and I believe they were worth every penny... and I believe that today even more than when I bought them.
I believe a while ago I had said that I invested as if it would be a billion, but would be thrilled with anything less than 800M. This exceeded my expectations and I couldn't be more excited.
Can't wait to see what the future holds, and looking forward to my investment being in the black before the end of the week. I don't see how we don't close above 3 cents by Friday once people actually break this down and start doing the math. This company being below $20m market cap is insane. Hate to get ahead of myself, but congrats to all longs. We're in for some very green days ahead!!!
I don't have any opinion on that loan one way or the other.. I suppose it's a good thing as, if it qualifies, Nick might not have to pay it back, and it helps to tide him over... but $30,000 here or there is a non-event.
Until Med gets up and running, the less employees the better, so it being a "one man show" as you put it doesn't sway me one way or another. MedRecycler will have plenty of employees when the time comes.
Exciting Times for SNPW, but you just have to dig. Check this out!
" Further under a Term Sheet that MedReycler-RI, Inc entered into with Pyro SS, LLC. MedRecycler RI, Inc. is currently drafting agreements under the term sheet for a stock purchase agreement for $1,500,000 upon receiving its operating permits for an additional twenty percent (20%) percent of common stock of MedRecycler-RI, Inc."
Takeaway here is that the 'value' of Medrecycler is considered to be roughly $7.5 Million ( Since 20% is $1.5M)
Now, we shareholders don't own MedRecycler per se, but we DO own SNPW. SNPW currently owns 46% of MedRecycler. Very easy to value that portion of $7.5M, it's $3,450,000
So... SNPW with a roughly $1.3M Market Cap... owns a $3.45M asset.
There are other considerations to be clear. SNPW has liabilities and debt, such as compensation to Nick. However, many of the liabilities we'd see on the SNPW balance sheet would be attributed to MedRecycler. Many of the accrued liabilities, the accrued expenses, the advances from related parties, etc. move over to MedRecycler and its balance sheet when it gets up and running.
Also consider that this is just one facility. We have the tech and patents to replicate this if successful, and that is where the potential and real future value lies.
I haven't bought any in a while until today, but I did add some at $0.0013 after reading this. To be clear... I'm not excited about the R/S... but I don't think it's a R/S like we'd normally see. I mentioned this before, but there's an online casino stock that did a R/S a few months back, and it's up about 10x since. They did it to be able to uplist, no fraud involved.
SNPW is in a similar boat. Whether the R/S is slightly before or after the facility opening, I'm hoping that any dilution and any shares that get sold will be at a price higher than what we're seeing now, and I'm fine with that. Money does need to be raised to expand, but I think this is a good raise rather than a raise of desperation to stay afloat.
Anyway, I think we're in a good spot and have exciting times ahead. I think fear of R/S has created a buying opportunity as the ~70% drop we saw a few months back was an over-reaction. I believe we'll see double-triple upon opening and more gains after if things go well.
Good luck to all!
Silver Lining of the huge drop lately is that when good news comes there is going to be a ton of momentum behind this.. I don't know when, but we should shoot through 3 and 4 pretty easily, and then I imagine FOMO is going to drive it even higher.
Can't believe I'm down on this on paper, but whatever people are buying or selling at doesn't necessarily reflect the reality, and I don't believe it does in this case.
Looking forward to some good months ahead!
Thank you DE!
Looking forward to this news. Glad your business is going well!
Lets be honest about the market cap. You are looking at the shares out now, but one should incorporate shares promised through warrants and convertibles, whatever that number is. Most of those shares are essentially free to the buyer, meaning PCTL doesn't get any funds... just has to give those out.
I have been using a billion shares, hoping that they'll negotiate down. I'd like to see it end up lower than that, but who knows?
In any case, buying every share of this company now (theoretically, not practically) would cost much closer to $20M than the number you've given out. In other words, shares are more expensive than they appear because you're getting a lower percentage of any future profits than it would appear.
I believe that the company is undervalued whichever number you look at.... but let's be real about what it is.
Hopefully that's all resolved and we'll see some great Q4 numbers!
With their talk about $100M and $50m, is that giving us some kind of indication of the size of the settlement we're looking at?
Theoretically, we shouldn't care whether a settlement is low because of future licensing or not, because our rights should be equal in both cases...
That said, it seems like any licensing would have been in the past rather than the future, so it doesn't seem practical and functional to do it this way. Am I wrong that with new tech, licensing has mostly run its course, and the vast majority of our claim is retroactive?
If so, hopefully it will be easy for the courts to see that any licensing agreements are just a way for Billy to divert funds to something he owns more of... if in fact that's what he's doing.
Will you write Gary, Rich, etc. And say all this? I totally agree that there could be some kind of agreement between distributors for the good of the group. Just splitting the profit on an order 50/50 or something... seems like it benefits everyone. We shall see....
nowhere.... We know things have happened since the end of the last quarter, and unless they put out a release confirming that all convertibles and warrants have been completely taken care of... it's just a lag we'll have to live with.
It would be nice... but I just won't believe it until I see it.. You'd think that if they'd truly resolved all toxic notes, debts, and warrants, then they'd put out a PR and give a little detail around that. Until they do, then I think we kind of have to assume it's all still there.
A/S is 1 Billion. Are you saying you anticipate a reverse split?
I don't have any big disagreements with you here..I'd just like to note that my post was a response to the idea that there have been no toxic conversions this year. I was simply disagreeing with that and posting an example of a toxic conversion.
I believe this company is worth much more than the current price... but I also believe we should be upfront about things. People buy in on high hopes and then get surprised by 'toxic' events and we tank. We (and Gary) should just be upfront about it all, say that it's there, and value the company as if those shares are already a part of O/S.
I'd love to see a resolution to all warrants and convertibles in 2020. Right now, the reality is that we have pledged out a couple of hundred million more shares than are available. If we get it resolved and stay under a billion shares, then that makes a reverse split unlikely since we're going to be making money. If the lenders don't budge, then at some point we may have to do a R/S to cover what we owe them. Until we get that fully resolved, the price is going to be well below ( maybe multiples below) where it should be.
I'm hoping that it's all resolved in Q4. We shall see!
Aren't we late with the Q3 filing though? It doesn't seem like there's enough going on to keep us from being on time....
I'm generally on your side, but I disagree with the idea that nothing has been converted.
Example:
During the period ended March 31, 2020, $17,092 of principal and $3,507 of interest of the convertible note payable was converted into 36,050,000 shares of the Company’s common stock.
It is what it is... we just need to get all of this stuff out of our system.
tweets are better than nothing.... but they're not a substitute for real actionable data. Shareholders have been loyal and kept the faith, especially with the R/S thing looming.
They may have their reasons and I know there is a lot of legal stuff pending and whatnot..
Yeah.. I have nothing to base it on whatsoever... but I am just telling myself late 2021 and then I'll be pleasantly surprised if it's sooner. Maybe R.I. will fast track some of the stuff because the need is high. One can hope!
an update would be nice.... we may read in the q that it's scheduled to open in late 2021 or something.
Don't see what is lost with a direct communication to shareholders every now and again...
Market makers have nothing to do with this. If it's worth more than 2 cents, people will buy.
Market makers don't make a stock drop 30% in a matter of days.
Wow... Under 2 cents. A good q2 was our undoing. If we'd made less then, then Q3 would have looked like progress and a continuation of the uptrend.
I was going to sell next month to pay off some credit cards, but I'd rather pay 16% interest than sell at these levels.
Don't see how it could drop much further. Famous last words.
GLTA!
They'll probably roll a ton of stuff out when they uplist
Good morning all!
Exciting times. sentiment is sour but the future is bright. I think the timeframe for a nice payoff here may be quarters or even years rather than months, but I believe that warrants/convertibles is a finite albatross... and when it gets resolved, price will appreciate.
I also believe that the optics of the revenue drop on Q3 are much worse than the actual implications. Over the long term, it won't matter one iota about a few hundred thousand in revenue in Q3.
Overall, the trend seems good, and if the UK market is going to be as lucrative as advertised, we have exciting times ahead. For those who can see past temporary letdown, I believe that for the price this is the best opportunity out there.
Holding and hoping.
GLTA!
That's what I was trying to figure out..
The recent ruling was just that they wouldn't issue a restraining order on her behalf.... but she can still make the case about the 22.5% even if the agreement has already happened... Is that correct?
I'm still thinking that beyond the $5m payment, she has no other claims here besides the 46m shares she owns, correct? Wouldn't that put her in the exact same boat we're in?
It seems to me she'd want to joint up with our efforts given the recent decision.
I wrote Rich this morning and he responded in 45 minutes saying that there has been no change to $4m for 2020 or $10M for 2021.
He also said that we should hear more soon.
Holding at these prices.
Good luck all!
best wishes to you and your family.
Just an FYI, there are potential options to take money out of IRAs penalty free, and also potential options to stretch taxes out over 3 years rather than one for distributions.
also... options for removal from 401k due to hardship.
Hope you're able to get back in at some point!
less tweets more MedRecycler openings!!!!
Will it go by end of year?
Agreed that we've got a good group and are not going to go away quietly.
I hope they end up having to pay our attorney fees.
Thanks for posting..
So in layman's terms... they've denied the temporary restraining order.... but does Leane have any recourse at all?
The restraining order was to keep them from making a deal... but now it seems she might just sue them if they make a deal and cut her out.
Am I correct that at this point... other than the $5,000,000 off the top, she is just a common shareholder? Nothing less... nothing more?
If so, there should be no deal with her (outside of the $5,000,000) that benefits her but not us.
We shall see....
Any price guesses?
I'd say we close at $0.0242 today. I plan to hold because what else do I have going on?
GLTA
I agree, but I think DE should put some pics of the physical location on the Website.. I think people are more likely to pull the trigger when they see a real place with real people ("our staff") Nothing fancy.. but just things to think about as he expands it.
That said, business should be coming in like crazy as it is, so can't make the site too good else he'd be overwhelmed!
Slow process. Interesting that we haven't seen an R/S yet. If not now, when?
Let's get this thing fired up!
PM me if you have any further questions. We were lucky (blessed) had been begging her to go to ER all day and she kept getting mad and just wanted to rest.. Her Team Leader at work did a wellness check because she'd missed, and that's what finally convinced her, as well as some other medical stuff I won't get into.... but her oxygen% ended up being right at 80% and had she gone to sleep that night instead of going to the ER... I don't think she'd wake up. Doctors don't think so either.
Also.. right now.. not sure where you are, but many ERs are overfull and are going to be hesitant to take someone in.. Being able to give a % would convince them that there's a need in case they're trying not to take in all but the most severe cases.
To make this relevant to PCTL>.. both of them got this in a hospital... from a nurse not taking precautions... Had our product been used there... we might have avoided all of this.
Make sure to get a blood oxygen monitor, $20 at Amazon. My wife's grandma died from it and then wife's mom got it and came within a couple of hours of dying.. Her blood oxygen was super low. she just thought she was out of it because of meds. If she's not in the hospital, make sure to check on her multiple times a day and if she sounds off or anything, take her in. It's deceptive because you don't struggle to breathe... but your body doesn't get the oxygen it needs. That's why so many are dying at home. It's a crazy time. Best to you and your family... and order her one of those monitors, please!
GLTA tomorrow, and blessing to you and your family sir.
I don't disagree that a co-owner can license in absence of another arrangement. 35 USC 262. Settled.
I am simply saying that I believe 'another arrangement' will arise out of any court resolution that considers her a part owner in this company.
Not to worry, I'm sure Diedre will get something for her trouble... Her and Billy will settle well before anything goes to trial and gets fully resolved. There is too much money at stake for either of them to employ the nuclear option and shoot themselves in the foot.
She'll get something, and I believe shareholders are in a much better position than Diedra is. We have contracts and documents whereas her case hinges on an alleged verbal agreement. I'm not saying it didn't happen... just that we are a significant stretch from her being established as a co-owner.
A conditional agreement is just that... conditional.
You say it 'only' awaits a court ruling as if those are so easy to get.
My guess is that even in a best case scenario for her where she wins a court case, the court would see that there is a dispute and place conditions on both parties that neither could license without the consent of the other and revenue should be shared in proportion to ownership.
May court date is fast approaching and you're right that it would be a smart move from the '13'.... not because it would change the ultimate outcome.... but because it would have the potential to cause more delay, which is their only move at this point.
Yep not worried about that at all.
It's very clear that she's asking for more than she thinks she should get, with the goal of settling on something in between.
The point in dispute is not whether or not she is a "co-owner". Making her an owner is simply her suggested remedy for righting the alleged wrong.
Your theory makes no sense. If any owner can license the tech... what makes you think she'd get to it before Billy anyway?
"In the absence of any agreement to the contrary, each of the joint owners of a patent may make, use, offer to sell, or sell the patented invention within the United States, or import the patented invention into the United States, without the consent of and without accounting to the other owners."
I think the "In the absence of any agreement to the contrary" is the part I'd disagree with you on. I believe that there is an agreement to the contrary and that she is not a joint owner.
I have no problem with any of this. Let the defendants delay paying us a cent until this is all sorted out.
You seem to think Diedre's position is strong. Remember... she holds shares. She may want something for those at some point.
Welcome sir! Blessings to you and your wife during this time. That's not an easy task by any means. Props to you. My wife fractured an ankle two weeks ago and I can barely keep things going. Lots of respect for those who are doing it long term.
With all the worries, hopefully all this UOIP stuff gets sorted out and finances don't have to be a consideration!