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I would like to hear him be asked that question now.
I think we have earned at least $5M more than Gary would have anticipated at that time, so can one presume that we're good to go now?
We have added many, many distributors, added capacity, and are making ( or able to make) at least 25 systems a month starting in July.
I think the only funding we'd need is if we got a massive set of orders from the UK where they're wanting us to deliver over 1,000 systems within the next 9 months or something... a good problem to have.
and that was June 24. Probably a lot more now. Target has been sold out ever time I've checked, including today.
I'm sure Eon is shipping them as fast as they can make them.
I don't know that we'll make a fortune on this product alone ($50-100k a month profit to PCTL is my guess) but what's even more valuable is the product recognition when selling to big time hospitals and such.
I know there is shady stuff that goes on, but in the end... if the stock is undervalued, it will go up..
If the market makers are holding it down, it's only so they can accumulate for the pop which I'm sure they know is coming.
I'm not too worried about it since I'm not selling.
Right... unprofitable, illegal, and unnecessary. All signs point to 'NO'
I agree with this, but I'd note that companies that are profitable and growing don't necessarily stay penny stocks forever.
I can see a buyout at some point in the future, but it would need to be for a hefty sum. We are making money so there is no need for the financing and funding shenanigans that many pennies go through ( and that we have gone through in the past).
If there's some kind of deal in the works, it would be to our benefit.. I highly doubt it would be to our benefit for price to be held down in order to make something happen.
The thing about all this news is that it seems too good to be true. The more distributors being added, etc.... The price seems crazy low so it looks like something must be 'off', which keeps the price low. A strange cycle.
Another ticker soared today on reaching a milestone we've already hit, and I believe we're trading below where we were when the news of EPA approval came.
We wait for financials, but I'd also note that there have probably been significant business developments in the last month and we wait for those too. Perhaps even more so. We were hearing about a new install every Friday for a while... now things have gone mostly silent since the podcast, but it's not like expansion has stopped.. I think they're just waiting til' we're up to date to give any more news.
It's insane that the price is this low. A rare opportunity as I see it.
I believe hydro is the product with the positive charge, and Catha is the negative.
Hospitals can have it set up to produce one or both.. I think the older machines were both, and the newer versions allow them to just do hydrolyte.
But yeah... all our stuff..
I agree that it's unknown, but I do think we can make some important conclusions from what we do know.
If sanitizer is supposed to be 40 PPM in order to sanitize... and if we know our product is going to be at least that in 6 months, then that tells us something about the rate it breaks down... because we know it's still going to be over that threshold at that time.
For our ( shareholder) purposes... It's nice to know that this product has a long shelf life.. and it makes me think we'll see others like it!
Good evening! Not silly at all :)
I haven't been here 'a while'... for the record. Been watching around a year.. only bought seriously about 6 months ago.
Anyway.... CEO has been pretty clear that he doesn't want to dilute, so I don't think we'd see any for a while.. if we did, I think it would be in good circumstances.
The MedRecycler won't be done with 'our' money, and I presume that if the model works and other municipalities see it, there'd be similar bond funding that we wouldn't need to dilute for. The downside is we don't get to possess any actual profit until the loans/bonds are paid off, but that's a small price to pay for not having to dilute to get this going...… and for likely not having to dilute to expand, as my guess is other bonds would look similar
I get the sense that the solar panel situation is the same kind of theme... We bring the tech, others bring the $.. We don't need a ton of capital to get our stuff going.
I'll note that our CEO put a TONNNNNN of his own money into this, used his house as collateral, etc... He has a personal desire to see this succeed, and to see shareholders succeed as well. Because of that, I think he's highly motivated to stick to his no reverse split thing, and since we're very near the top of A/S... that basically means no dilution.
Good luck in your decisions, and getting a good price on any shares you pick up!!!
I think sanitizer only needs to have 40 ppm or something like that. ( I've actually seen 20-30, but for purposes of this, let's just assume 40).
I get the sense that there is a 10-15% degradation each month... We know that 600 stays above 450 for a month, but we've heard that they're looking to extend that for another 30 days with the FDA.
If 25% is lost in 2 months, then
600ppm 7-1
450ppm 9-1
337.25ppm 11-1
etc.
I don't know if half life math applies, so let's just say it loses 75 ppm each month. From the 600, that still has it at 50 ppm after 6 months.
That's my guess for why the date is so far out.
The other explanation could be that it's negative pressure because it's a spray, so maybe the fluid doesn't degrade in that type of environment, where it would in a normal bottle. Either way, it's cool to hear that the spray lasts so long.
20 mil was the float two years ago before dilution.. There is at least one guy on here who owns twice that much. I myself have 10m.
The AS of 1B and OS of 966M are accurate and what have been in recent filings.
At present the company is worth roughly $2.5M
Way undervalued if they can make money on panels or MedRecycler.
I was hoping for a dip this summer so I could add some more cheaply. Now that all the dilution is done, I guess there is going to be a little more stability going forward.
yeah if its $5.00 at Target, it's probably $8 at a gas station. I mean.. I think it was probably worth it... I paid $18.00 for a quart of water and salt myself, and I feel fine with it! :)
That's awesome! How much was it? I think Target had them for $4.99
Very cool! Thank you for finding this! Yeah with enough studies a few years old, I'm not surprised it's already approved somewhere.... though I know our domestic hurdles are possibly a bit higher.
Would be a great opportunity for a new distributer to come in and do what Eon Mist is doing with the spray.
IN fact, Eon could just add 'Eon Swish' and package them together or something.
Exciting times!
--Mostly just trying to distract myself from the whole no financials thing :) :)
Yep. No FDA clearance... And I'm no dentist. All I know is what's in the study.
But.... since it's harmless (salt and water) and since effects are clear, at least from the aforementioned study, I don't think it'd be hard (relatively speaking) to get something from the FDA on that. I mean.... It's water and salt. The absence of toxic chemicals that makes this attractive in general make it especially attractive for this purpose.
TBH, I have never thought about what chemicals are in my mouthwash.. but I think I will now. I ordered a quart just to try the stuff out, but I may just keep ordering some more after this quart is done.
I just chug straight from the bottle like a heathen and swish it around a bit.. I floss while I'm doing that...
I'm not sure if that's cost effective long-term... shelf-life may be an issue. However, I got an extra bottle because Sapphire is replacing one they sent me that was 'old' ( produced 5-27) so I figured since my wife wasn't going to use it for groceries, I'd make use of it this way.
I'm sure there's some effective way to dilute and do all that, and there's probably an optimal way to flavor the stuff too rather than just using it straight... but I kinda wanted to see how it worked, especially since I haven't been to the dentist in a minute* (*First and last time I'll ever use that expression) because of this virus.
I haven't swabbed for bacteria or anything like that and I'm sure there's some confirmation bias here. but I do feel like it does a good job. The article only studied 15 people, but given the results, it would be cool to see PCTL send some product around to dentists and sponsor some further study to make this more of a well-known thing. It would be a nice thing for hospitals to offer patients who might have forgotten to bring a toothbrush!
the float is not 20 million
Good morning DE! Speaking of expanding, I really wanted to get this article in front of you related to HOCL.
I've been using my Hydrolite as mouthwash lately and I really like it. Crazy that it's the most effective thing out there and no one is talking about it.
My hope is that when you get up and running, you market to some of the local dentists... Take them a quart and a copy of this article.
Good luck and blessings in your new venture!!
https://www.alliedacademies.org/articles/comparison-of-the-preventive-effects-of-slightly-acidic-hocl-mouthwash-and-chx-mouthwash-for-oral-diseases.pdf
Thank you!
The part I find most interesting is that the guy essentially hung up on you.. It's like they still want our business, and don't think there should be huge consequences for taking so long.. Maybe there are financial struggles.. If they were super successful they wouldn't worry about one client, and they'd understand that sometimes people have to do what they have to do.
I am glad you stated that you aren't happy with the delay. As long as one is respectful about it, that is an entirely reasonable sentiment to express, and their response is telling.
I don't know what a member mark is, but I'll give you a follow :)
totally agree.those warrants are the elephant in the room. it's a big difference between 561m shares and almost a billion.
It's never been clear to me... Actually, it does seem clear.. the filing says that those can be converted to shares, for essentially no cost, at any time.
That's on paper... We do have Gary saying there will be no more dilution, but that could mean no more in addition to what is already out there, known, and on paper.
It's something they really need to be clear on.. It's really the first and only thing I'm looking to get clarity on from the annual filing. Everything else will be old news.
It was on page 1 of the last one, so I shouldn't have to read too far!
most who've said they talk to him in the other group seem to be saying he's hoping for sometime next week.
I hate to admit it but... yeah..... A little :)……
Got to admit it's tough seeing the ticker I sold out of to buy this surging while we wait for financials dipping a little more each day.
Someone please tell me we're getting something next week. Even if you have to make something up!!!! :)
well that's all fine and good, but I don't see how a competing product getting approved helps us, that's all.
how does this help??? Someone else got approved with something that kills the virus.. How quickly does Eon Mist do the trick?
Still holding.. Penny or bust!
Based on the responses, it looks like the number of shareholders may be a little higher than what I saw in the other ticker.
160 people list it on 'my stocks' on IHUB. Not sure if they all own, but maybe so.
I'd guess on average we each know a person who is invested, maybe a close friend who we got to invest but just trusts us and never cared to come to the board. I've got one of those.
Maybe the 300-400 range is more on target?
It's probably something like that. I was into another penny stock recently, and when they did a reverse split the number of owners came out. It was surprisingly low.. Only 56 or something. I'm basing it on that, and the fact that 'we' ( I wasn't invested yet) went to the greys for a while before this went delisted.
It could be a little higher... maybe 250, maybe 300... but I don't think it's far out of that ballpark. I have shares in 3 accounts, one my wife's, and that inflates it much higher than where it would be otherwise.
Maybe this will be the new WAG game while we wait... If we get a nice settlement, and if it's made known *which it probably won't be*, I'll sent a quart of mouthwash from the popular sidebet around here :) $18 value, to whoever is closest!!!!
My guess: 187 unique name holders
Interesting that jbbb says Billy would pay the family first. I know we're all shareholders, but I don't think it's that far-fetched..
There are probably 100-200 shareholders and it may take some time to sort out the money and payments, but I can see working out the numbers for the inventors and family first, clearing all that, and sending them the first part. Even if it's only symbolic, or a day or two difference or something... I can see that happening.
… Wouldn't bother me.
This is on Schwab right now.. Anyone know who to contact to get it changed?
Business Summary
PCT Ltd, formerly Bingham Canyon Corporation, is a shell company. The Company intends to seek, investigate, and, if warranted, acquire an interest in a business opportunity. The Company's acquisition of a business opportunity may be made by merger, exchange of stock, or otherwise. The Company does not have any operations. The Company has not generated any revenues.
You are right. This company is good and management is good. That said, I do believe, as I'm sure Gary does, that in this small area... sub-optimal management decisions were made ( with the benefit of hindsight of course).
It was not a good decision to hire this Auditor, or at least, to not lock them in to a certain date ,and not be in constant communication about what they needed from us. There clearly was a lack of communication with them that led to multiple missed expectations. Our CEO was frustrated and flustered by this, and I believe this is what led to a podcast which most would say wasn't great.
It's a blip that we'll laugh about in a year or two and I'll take our problems any day over any other penny stock out there. Good times ahead.
Yes I know it's not a slam dunk that we'll be in all of them right away or anything.
That said... in addition to the obvious HAI benefits, our product shortens labor/cleaning time significantly and reduces cost.
The tough part was getting into one hospital. Now that we're there and have demonstrated results, I think we'll see steady adoption as these trusts try to keep up with each other.
Well, Gary says it. They said they got all the info to the auditors weeks ago.
Silver lining is if it's taking a while.. it means we're doing a lot of business!
He was right about the Podcast. That was within Gary's control.
The rest of it isn't at this point. Bad management that got us here... perhaps, but I don't know if there's anything he can do at this point, and he's said he'll make a change.
I hope they don't delay so long that it's hard to make a change for the next filings too...
I'm surprised they (UK) don't want to see more units quicker. We got them excited about this product and now we can only add a few hospitals a month. That means many years for some UK hospitals, even if they're interested.
If I'm the UK, I'd place a big order and commit $$$ so we'd have the funds to ramp up and/or produce locally for them.
At a time when we need to be ramping up and building new facilities... we're still waiting for 2019 financials. Not to drive that issue into the ground... but it does speak to the larger issue here for people considering buying shares.
Are we undervalued? Yes.
But Are we extremely undervalued?? Time will tell if we're able to strike while the iron is hot, ramp up, take advantage of the UK interest, and make this true.
"We pride ourselves on quick, efficient service"
"We are a full service accounting firm that continues to grow rapidly"
They may be great at accounting, but it takes something much different to run a business.. seen it many times. They seem like legit, smart guys who will eventually get this done... but if we're going to run a business, we need to work with people who know how to run a business. I'm sure other pennies will love the discounted service, but it's worth paying the price for reliability, which these guys have yet to establish.
no more so than last week at $0.03, correct?
Why the drop today?
Whoever owns that August debt is going to be getting a ton of shares. Must be nice!
I agree, and I asked it more to see how they'd respond than because I plan to pour it down the drain. I'll use it for sure.. though if I'm washing fruit for dinner, I imagine wife won't be for that..
I've heard it's a good mouthwash actually.. Can anyone verify that?