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This dumpster fire is burning out of control and not a single catalyst on the horizon.
I called a 30 to 40% drop this morning. What a turd. Look for the Form 14a and prospectus to increase the AS to 1 Billion so they can pay off all their note-holders with your beer money.
This is a dumpster fire. Anyone who bought over .017 will never get their money back,
Because since it was due in July everyone has been hyper focused on the 10Q and telling us all the wonderful news that was going to be in it.
Now that it’s out, and it’s garbage, you wonder why we’re focused on it? Lol.
“Close to profitable” is a garbage statement without any sort of qualification or metric to judge by.
They also recorded a net loss of more than $4,000,000 which is an actual hard number that tells me they’re nowhere “close” to profitable.
Ontario probably backed out because PCTL’s equipment and cleaning products are obsolete:
On August 8, 2019, the Company received notice from PRIME ITS that certain technology services utilized by the Company shall cease to be provided, effective September 8, 2019. The Company will obtain competitive quotes from other technology services providers.
On August 8, 2019, the Company received notice from Annihilare, Inc. that certain intellectual properties developed jointly between the Company and Annihilare are to be discontinued from use by the Company and its customers.
LOI expired. So my 500,000 shares are basically worthless. Great.....
When there are more sells than buys, the MM’s have to eat the difference. It’s how they provide liquidity to the ticker.
MM’s aren’t in the business of collecting shares, though, so eventually they have to sell what they’ve been collecting.
For more than a week now, almost every day has seen more sells than buys and MM’s have been collecting tens of millions of shares.
Once they get sick of holding, they’ll drive the price up and unload for a profit.
Don’t be caught on the sidelines when it happens.
Lol, good one.
I particularly like the part where you think the CEO would tell you what his vacation plans are.
I just received a response from the SEC, they said you’re obviously lying so there’s no sense in starting an insider trading investigation against you.
You must be super fun at parties.
Good morning $PCTL. Had a dream last night that we got news and the PPS shot up to $1.50
Nice to dream I guess....
Ultra-low volume. Calm before the storm.
It’s a bummer to think I
bought in at .021,
rode it down to .008,
watched it soar to .042,
and was still too stupid to sell, so almost a month after buying I’m still right where I started, if not worse off.
Can lead a pig to water but can’t make him drink. If you don’t get it, you’ll be bacon soon enough.
When you buy 51% of a company, you don’t buy 51% of the AS, you buy 51% of the current OS.
Here’s the thing you’re missing, if you read the latest 8K (from August 5th, 2019), you will see that there are 176,553,273 shares reserved for paying notes. So those can’t be traded either.
So take your Reserved, add it to your Restricted, subtract that from your OS, and that’s your ACTUAL float:
AS 300,000,000
OS 241,899,150
Reserved 176,553,273
Restricted 46,684,745
Float 18,661,132
Or subtract from the AS if you want, and the float is still only 76,761,982.
Is your space bar broken?
A 15-day extension is only for a 10K, 20F, 11K, N-SAR, or N-CSR.
You only get 5 days for a 10Q or 10D, which they’ve blown through.
Re-read the NT-10Q:
“The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date.”
As long as the flipping doesn’t take the price down, we’re in good shape. So far it’s holding, which makes for great consolidation.
It means they’re definitely not making a deal with Magnolia. Which is cool, cause the current deal on the table is with Ontario, so we don’t really give a shit about Magnolia anymore.
The Magnolia deal was dead back in April, as noted in the 1Q2019 10Q, but they also said they were still trying to work a deal of some kind with them.
So an official announcement that Magnolia is dead dead, is good news for the Ontario deal.
I don’t even know how they have a flag in the first place? They filed the NT-10Q which gives them up to 15 days after the original due date (which was only last week).
An R/S on a 300,000,000 AS!? That’s not even a thing! Nobody does that.
Big dump today, probably cause OTCMarkets threw up the Yield sign on PCTL. Total horseshit.
Are MM’s trying to scare shares and take out stops or something?! I keep seeing the bid x ask go from .037 x .038, and then for a half second it will jump down to .031 x .032 and then go right back up.
Like they’re testing for anyone who set a trailing stop loss or some shit.
We will see a Form 4 by the end of the day tomorrow. 5,555,555 added to the restricted pile:
“Form 4 is stored in SEC's EDGAR database. A Form 4 must be filed before the end of the second business day following a change in ownership of securities or derivative securities (including the exercise or grant of stock options) for individuals subject to Section 16 of the Securities Exchange Act of 1934.”
With 5,555,555 shares being added to the Restricted pile, we can now expect a Form 4 along with the 10Q and Merger news.
Things are starting to heat up fast!
First, there is no significant shorting in penny and sub-penny stocks. And I define significant as “enough to make a difference in the PPS one way or another.”
The reason is, trading rules dictate that in order to short a stock worth less than $2.50 per share, you need to put up $2.50 per share of margin for each share you short. So to even short 1,000,000 shares, you would need to have $2,500,000 in margin to make it happen.
And even then, 1,000,000 shares would barely move the needle on a stock that’s been trading 30,000,000 a day.
You also have to pay margin interest the longer you hold, so unless you’re in and out in a day, you’ll be losing a percentage of the $2,500,000 you had to put on ice.
And the MOST you’d ever hope to make is 100% if the stock goes to 0.000 and your LOSS potential is UNLIMITED if it rockets upward, which is a risk no one with $2,500,000 would make.
Ontario only gets shares at $0.00001 if the shares they buy at .04 and .08 don’t get them to 51% ownership. Read the filing a little more thoroughly.
Ha! Needed the clue. I just wasn’t connecting the dots and it was bugging the heck out of me!
Seeing the shares added tot he restricted pile is real good news too, cause that means it’s not just dilution being dumped onto the OS. They were issued to an insider.
OHHHHHHH!!!!!
Ok, it’s actually a LOT closer than 2%.
They hope to never issue 106 million, but that was just a rough, round number that Jody threw out in a Linkdin email the other day, but let’s go with it:
300,000,000 AS
Minus 106,000,000 never issued
= 194,000,000
194,000,000
Minus 40,695,245 restricted
= 153,304,755
153,304,755 / 51% = 300,597,558.
And with the 106 million being a rough rounded number, it very likely adds up to EXACTLY 300,000,000.
Can you do the math for me, cause it’s Friday night and I’m just not seeing where the 51% comes from.
Next you’re going to tell me MMs don’t actually signal other MMs with buy quantities, and ClayTrader isn’t actually a penny stock shorter.
I know what a subsequent event is, but thanks for being super condescending.
The question isn’t about subsequent events:
“Is it anticipated that any significant change in results of operations from the corresponding period (*2nd Quarter*) for the last fiscal year (*2018*) will be reflected by the earning statements to be included in the subject report or portion thereof?”
That could be as simple as “we made more money in 2Q2019 than we did in 2Q2018.”
It doesn’t necessarily refer to the Ontario merger.
That doesn’t actually sound all that good, and can’t possibly be talking about the merger.
The question is about the last “fiscal year,” which ended Dec 31, 2018.
Even if it was talking about “fiscal quarter,” it would have a cutoff date of June 30, 2019.
The Ontario deal is scheduled to close during the CURRENT fiscal quarter (3Q2019).
I called the NT 10Q, but it’s no big deal. They’re trying to finalize the Ontario deal and that takes priority.
The narrative of the filing says they have 15 days but expect to only need 5 days, which would line up PERFECTLY with announcing the Ontario deal being done.
News usually drops in the afternoon before closing. Don’t be left out in the cold.
Hey this is Vector and this will be a video chart of ticker symbol P-C-T-L. We will take a look at the 30-minute BOOM TIME!
Real quick, what do I mean by “30-minute BOOM TIME!”? Instead of each one of these candle sticks representing one day’s worth of rocket fuel, each one represents 30 minutes, so while this may look like several days worth of lift off, it’s just today’s go juice broken down into 30-minute MOON slices....
You’ve been “doing a lot of DD,” but can’t find the ONLY Form 4 posted in the last year? Common man, try harder....
https://www.otcmarkets.com/filing/html?id=12983273&guid=dKVIUaIWSYwEyth
Should also mention that Ontario’s 51% ownership will be from the current OS, not 51% of the AS, so even then, they won’t have to dilute to make the deal happen.