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Well... this is not what I was imagining here. I was just planning to stick around to see what happens with the merger resolution this month. Glad I have small exposure. It will be interesting to see how the company responds.
The document only names a few "illustrative examples" but also describes that Auctus engaged in these tactics with more than 150 companies.
We all agree… FINRA is a sham. It’s well documented across many stocks. They are the problem here.
I agree, it doesn't make much sense. At least it's now June, clarity should be coming this month, hopefully a favorable one for TMNA.
Tingo Group, Inc.’s Legal Counsel to Investigate Financial Institution Accused of Falsely Marketing an Equity Fundraise and Examine Unusual Stock Price Volatility
https://www.tingogroup.com/news-events/press-releases/detail/132/tingo-group-inc-s-legal-counsel-to-investigate
It seems we agree, it’s likely most are waiting for PCT’s to deliver something meaningful, just my opinion though of course.
Trading volume of zero shares has happened before, it happens daily with some OTC stocks. It's happened with PCT before, it will happen again.
Yawn... so what?
Another example of "much ado about nothing"
Sure it would be nice to see more interest, but it will come IMO... seems most are waiting for filings and more details from the company. Not really any surprise there.
Shorts are working hard doing what they do best, spreading fear and uncertainty. Not hard to do here since there is so much yet to be defined. Lots of F.U.D. going around on Twitter and other places.
I still expect things to work out well here and with TIO, but I can understand the decision to reduce risk exposure. I will continue to add if I can, but I am stuck waiting for capital to free up in other places.
WOW PCTL UP 14% already!!
Word must be leaking out
Yasheng is a low float stock. It has always been this way, with most of the outstanding shares locked up by Gansu Province ownership.
Perhaps you are unfamiliar, if it's too boring, perhaps low float stocks are not the best source of entertainment.
It's not one for trading, I always suggest those interested should lock in their shares and wait for resolution of the $2B+ asset value.
Yasheng is 83% owned by Yasheng Salt Chemical, a Gansu Province State owned company.
Here's the documentation.
https://aiqicha.baidu.com/company_detail_99572527291284
https://aiqicha.baidu.com/company_detail_16838114194526
http://www.gansufarm.com/col_jtjj/index/
There has been quite a bit of solid research into the details here. But if you have something new to share, please do so.
For this particular stock, the label has been there forever, so making noise about it is like pointing out that water is wet.
Yes.... we know it's there. It's not the scare tactic it's being made out to be.
Unfortunately it's entirely up to FINRA at this point. And FINRA does not give timelines.
Last we heard from the company they were still in process and responding to FINRA requests.
So nothing has really changed here, it's just a matter of waiting it out. Frustrating yes, but I still believe we will be rewarded.
They did the same thing the last time they filed late in 2021. They didn't file the NT since they knew they would miss the extension window. That time they didn't file an 8-K either. It's unusual for sure, but it's what they did.
I expect they will file, Art has not been dishonest with shareholders in his time with PCT, and looking back into his history, he has been known as a man of integrity and honesty.
They aren't making it up, HOCl is a highly effective product with many applications in agriculture. The Cannabis market in particular is looking for solutions and HOCl is a great answer for growers looking for non-toxic treatments.
Do a little research, it's not a big secret that HOCl is a great product.
It's been incredible to watch. I just wish I had bought TIO when it was under $2, when I started digging into the two companies. I have made some gains here with TMNA but nothing like what is going on there.
Hopefully TMNA holders will be rewarded soon too once the merger is complete and the uncertainty is resolved.
It's crazy the volume here and still barely moving... what will it take to move this?
Holding a small position in hopes that some clarity on the distribution will provide big gains here.
Let me guess... COO Darryl Patterson has moved to AceJan LLC. That's pretty much spelled out in the agreement, that healthcare related employees would make the switch. I see that he changed his LinkedIn profile today.
Here's what I don't understand. Trying to understand how this is very bad news from PCT
Yeah it's a nice surprise, congrats to those who are holding. I of course am cheering for you from the sidelines, waiting for delivery elsewhere.
Understandable. Especially if your primary reason for investing was because of healthcare.
My view is that it's complicated, but overall the move is a net positive for PCTL.
Would it have been nice if they kept healthcare, since that has been the primary focus of the company to this point? Yes, I can understand that view. But at the same point I think it's clear that PCT's ability to maximize the potential was limited. I believe the headwinds are all very real, and translated to slow progress for PCT in healthcare.
If we didn't get the positive update on O&G, I would have been much more ambivalent/concerned. But the fact that we can expect to be at 15-20 machines operating in O&G by August is a huge positive. I am not privy to the exact details of how many machines were operating a year ago at this time but my recollection is that there were only a handful, my guess would be 1 or 2. They went from a few machines in service in O&G to 15-20 in about a year, that's pretty meaningful growth. It also shows that there is much less resistance, and could even say there is an open door of opportunity.
Healthcare has been at only around 20 machines and we have only seen only a few new leases added at a time. Now we know that O&G has nearly replicated the number of machines with plenty of room to grow.
I am not going to get into how quickly this growth could/should continue as word of mouth spreads and contacts within the industry learn more about the success. Just speaking of the known growth for now.
I am pleased with Art's competent and steady hand leading the company through a difficult time and expect things to be much more favorable going forward.
10-Q Filed
https://www.sec.gov/ix?doc=/Archives/edgar/data/793306/000165495423006592/bdco_10q.htm
Haven't read it but $1.12 EPS is impressive.
Missing the point...
Actually it's not IMO.
The new operating model is not just for healthcare. Without healthcare, they continue to lease machines to O&G customers, etc. I expect the 5-10 machines within 30-60 days to be under the new model, meaning the company should be in a much stronger cash position.
When in the past 3+years have we seen the company ship 5-10 machines in 30-60 days?
Healthcare has taken years to get to around 20 machines in service.
O&G will be at 15-20 machines, when a year ago it was less than 5. This alone is a significant accomplishment.
Some thoughts in response
Perhaps you missed the important detail that PCT/21st Energy will have 15-20 machines in service with O&G within the next 30-60 days.
A year ago there was only a few in service, I don't know the exact number but pretty sure it was less than 5.
Healthcare in several years has only reached 20 machines (according to the agreement details).
We don't know the details yet on the new model for machine payments, but on first look it appears they have been able to nearly replace healthcare machine lease revenues and should surpass it quickly.
Therefore these statements appear to be incorrect
Great updates, thanks!
Remaining companies, PCT and 21st Century energy are cash flow positive.
Also now 10 machines in operation in O+G, 5-10 more to be placed in the coming 30-60 days.
For those not keeping track, most estimates have been around 20 machines in healthcare. That seems to be the number used in the agreement with Ace. So they have nearly doubled the number of machines in operation in the past year or so. Now they are cutting off the stagnant, non-profitable arm and focusing where the growth is much more favorable.
And they have a strong marketing team in place with commission based sales reps in place, something many critics have been calling for.
Waiting for the story about how this is all bad for PCT?
Cannabis is also a huge market for HOCL.
I must say it's rather comical that PCT has cut off the non-profitable dead weight that many are so critical of and it's met with criticism.
Seems that no matter what PCT does, it's always wrong.
Podcast link May 2023
https://pctl.com/wp-content/uploads/2023/05/Art-5-12-23.mp3
Could they announce a RS? I suppose that's technically a possibility. But it's also possible PCT will announce a $20M nationwide service contract. Yeah I know... ridiculous right?
But by the standards being applied in this conversation, it's in the realm of possibilities... right?
Don't tell me they won't... unless inside information?
Please provide precedent and/or documentation for mediation results being disclosed "If the parties agree".
All documentation and official wording I am seeing is pretty clear that confidentiality is a core tenant of the mediation proceedings. Definitive words are used such as "shall not" and "neither... can be disclosed or admitted". I have yet to see any official clause or provision for bypassing these statutes "if both parties agree".
Can't be "case closed" unless there is documentation to counter the clear wording that is prevalent and clearly supports confidentiality as the standard backed by legal statute.
WRONG!!
Interesting that they are starting Gold operations. Hopefully we will see more details on that soon.
That's good that it's still in process. Frustrating that FINRA is like this. Frustrating for everyone, both shareholders and the company. Nothing anyone can do but wait for FINRA for now.
Is this the world we live in now?
Start with the audited SEC filed financials for one.
https://www.sec.gov/Archives/edgar/data/1123312/000112331223000003/financials_audited.pdf
EPS of .04 last year.
Total assets - 268,652,992 (Not including the off balance sheet assets, estimated to be $2B+ based on verified assessment value several years ago)