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I agree.
With as busy as they are and the rapid growth we've seen, it's impressive that customer service/client support is quick and direct, and that they go beyond what's needed to "make it right".
I'm glad I ordered early and let them know before they shipped a bunch out :)
Speaking of making it right... I really hope those auditors give us a discount or do the whole thing for free or something. No way to know for sure the negative impact of this delay to the core business ( not even talking about the stock price here) but it's some number greater than $0. Really hope they're as quick about correcting that issue as Jody was about resolving this.
I got my order of Hydrolite today, placed 7-1-20. I sent the following to Jody (Sapphire).
Good morning! I just received this order today (7-6-20), but was disappointed to see that the date produced on the product is 5/27/20. On the bottle it states that this must be used for disinfection applications within 30 days, and we are already outside of that timeframe.
Can this product still be used or should I discard it? If it is no longer useful and I should discard, I would like to request a replacement bottle that is still within the effective timeframe.
Thank you for your consideration.
Got the following response back in 2 hours:
Brian, I apologize for the mistakenly shipped bottle. That bottle was scheduled to be refilled and relabeled with a new date. For your inconvenience, we are shipping you two quarts with our deepest apology.
Per our EPA registration, we have a 30-day shelf life due to the ability to kill C. Diff which is a very hard to kill bacteria. To kill C. Diff bacteria, a parts per million of 450 is required. We produce the fluid at over 600 parts per million but during shipping and over time, the parts per million drop. A 30-day shelf life was applied to our EPA Label to account for the efficacy. As per the label, the product may still be valid and can be tested using Chlorine strips for the appropriate sanitizing, deodorizing, and cleaning applications.
Jody Read
Sapphire Disinfection Solutions, CEO, Owner
I am pleased that he responded quickly and I am glad they are sending a replacement. Frankly, I imagine the first would have been just fine, except that my wife reads dates very closely and as I've invested quite a bit here, I didn't want to start her off with technically expired product. Any guesses as to which comes first... My new shipment or the financials ? :)
This is great to hear. You are a man on a mission.
Fair enough, that's true.
Regardless of the cell phone thing and our possibly different perspectives, I do agree that China under-reported, and still is under-reporting, the severity of the issue. Also...I've said for months that China is not going to be the concern anyway. India is where it's going to hit the hardest.
Everyone could use our product for this virus and viruses to come.
Best wishes on your new business sir!
I highly doubt that 21 million people passed away and then thought to cancel their plans by mid-March.
I'd guess this has little if anything to do with a virus. My thinking is that rather than pay $40 a month or whatever... People can use IPADS and just facetime for free, and use messenger to send 'texts'. Not saying everyone would do it, but for people who want to save some $ each month, there are a ton of options now.
My guess is that with the economy in shambles, people had no money to pay their bills, and this was the first thing to go. Related to virus... yes. Caused by people dying... no way. No one is getting to the pearly gates and then telling Peter "hold up bro, I think I forgot to cancel my cell plan, gimme a sec".
Any guesses on when q2 financials come? Are we perpetually behind, or is it easy to catch up once we file?
So we are producing the fluid AND we are the distributor of this product? I thought one of the other distributors was getting most of the profits from EON Mist.. If we own it directly, that can make a big difference....
Anyone know who has this trademark registered? I don't think it's PCTL, I thought one of the distributors owned it....
Agree... it's certainly a good thing either way... I guess my overall point is that I don't get too excited seeing 2oz product out there because I don't think it means much for us if our royalties are by the gallon.
Who knows, though?
Either way, certainly a good thing.... though all their sales may cause us to miss more filing deadlines :) :)
So.... Eon Mist looks great. $5.00 on target ( thought it's sold out).
However, the only downside is that I don't think we (pctl) are getting much off of it..
it takes 64 of these things to reach a gallon of fluid.
I don't know how our revenue agreement looks, but if it's per gallon, then we are never going to get rich off of this product.
Let's say they sell a million EON mist sprays in a month. If PCTL makes $5 each gallon a distributer uses, then were making $5 each on 15,625 gallons, or $78,125 per month profit.
That's not bad... but it's not going to make us rich either.
...unless the arrangement is something different???
Anyway, we've got a winner here regardless. Good luck all!
Hunger strike for the financials????
Who's in!!!
Thank you!
catch-22 is that since there will be a public transcript.... probably not a whole lot of meat there :)
_____________________
Anyone know...whether we're all set with that pacer fund still? How's the cash balance looking there?
Are we expecting filings, pacers, anything.. or will it just be a huge mystery other than we know they met at 10 today?
Stop sign was already removed a while back for a month or two. Anyone could have converted/exercised if they had wanted to.
I don't believe that's the issue.
I guess the silver lining is that there are a lot of sales to audit. Maybe the time they allocated to us was far short of what was needed.
On May 20, 2019, Nicholas Campanella agreed to forbear any of his rights to convert any portion of his related party debt into common stock until such time that the Company had sufficient authorized shares to honor full conversion of all principal and accrued interest into common stock of the Company.
As of June 29, 2020, there were 966,501,700 shares of the registrant’s common stock, $0.0001 par value, outstanding.
I paid $18.00 for the quart from Sapphire No shipping this weekend as new guy said using the USA2020 code
Nice way for a poor guy like me to try it out.
Normally shipping would have been $11.54 looks like, so the amount of my funds going to Sapphire is $6.46 for the quart. I guess that's the revenue that they'd get after paying my shipping.
So at least on that, I can look at it as them getting $6.46x4= $25.84 revenue per gallon.... for the weekend at least.
Thank you for posting! Just ordered a bottle. I am going on vacation with the wife and four kids here in a couple of weeks, and she is going to go nuts spraying down our Airbnb, or anything else we have to buy while we're there.
The peace of mind for her not having to worry about everything is well worth the cost.. especially with free shipping!!!
#3.. maybe they're just overworked and understaffed because of COVID.. They offered cheap pricing and a bunch of people took them up on it and have a huge backlog.
I don't get the sense that there's a lot of back and forth.. I think we're just waiting.
Good news is.. I doubt we're diluting with all of this going on...
You heard it here first... The day we announce a change to accounting firms, we're up 10%. BANK ON IT.
Good luck all :)
I mean... everyone loves to blame MMs but who knows.. maybe it is them trading this thing around. I only scanned over the filing, but nothing in the filing causes me to change my valuation here one way or another.
Bottom line: Lots of debt, plenty of cash. If panels or medrecycler go live, we make a ton. if not, we lost it. Nothing in the filing changes that.
Future looks good to me!
Thank you sir! Nice time to be in and holding IMO.
So.. I am bullish and holding my shares through this drop, but let's be realistic.
The cash we have is not just free cash. It's part of a bond. That's why shareholder equity is -$4million or something.. because we owe all of that back at some point.
It's nice to have the cash and I think we'll be a success, but since there is offsetting debt, having cash alone doesn't mean that we are undervalued.
All that said, no reason to sell at these prices IMO. I'm holding and hoping it goes down this summer so I can buy more before we go live early next year. All long-term holders who really aren't trying to sell but want to see this through to success should hope to see the price go down too.
can someone paste the text in here please?( can't see twitter at work)
Understood.. Thanks for that info.
Isn't it already out? What am I missing?
I'm nervous that these shares I have locked up are going to get scooped up at $0.03 at some point when something good happens.
What's the highest ask one can do and still be considered to be locking the shares up?
If it was going to be 'irregular' wouldn't they have put out numbers in a timely fashion to fly under the radar?
They're slacking..... maybe... but I'm not concerned about anything being irregular other than that.
Will it be any less promising when the 'BS' is resolved?
Frustrating, yes.. but a larger/long-term issue....?
I hope not, and don't think so.
I couldn't care less about re-listing or not re-listing... EXCEPT for the fact that it's been suggested that if there's an initial settlement, then there'd possibly be some kind of transfer of the patents to Ipwe or whatever that group is, and shareholders would be compensated/bought out for that.
That's a big 'NOPE' from me. There is no way to determine fair market price on that without these shares trading on the market, and I fear shareholders would get shortchanged and get less than those shares are worth.
I appreciate Billy and would be fine holding non-traded shares through thick and thin and taking payouts when they come, but I am not going to be fine getting underpaid for shares that haven't been allowed to trade.
Just sayin...….
can that be right? I'm going to have to check that out. We should be seeing some more filings before too long anyway.
ok why not..
I've got 5 million non-IRA shares... putting them on the ask at .03 through .035.
Don't think it will mean much, but who knows?
Good luck this week!
What sense does it make to declare that you don't want a trial? If im billy, I'd tell them that I'm happy to come to a reasonable number, but also more than happy to go to trial.
I disagree. I'm not sure how much of the process is 'manual', but surely not 8 hours worth.
It is reasonable to assume they're running more than 8 hours. Maybe start a batch with a skeleton crew third shift and then bottle/package/send when folks come in to work the next morning. I'm not saying it runs 24 hours, but it's got to be more than 8.
Also, we know they have produced on the weekends before, as the order lady mentioned something about that to someone here who was ordering.. I forget who... but it was something about the Fed Ex truck making a couple of stops Monday AM to pick up all the stuff that had been produced over the weekend.
If they have enough to sell maybe they don't need a bunch of weekend shifts... but my theory is that most of our fluid is not going to 'sales' anyway, but is being sent to distributers for them to package and sell, and we are accounting for that some other way. We may not be going at capacity.. but I'm sure it's more than 5daysx8 hours.. and even if that's all it was it would likely be a product of us producing the underlying equipment rather than just focusing on producing fluid with the equipment on hand.
will you be a L1/L2/L3 distributor, or just a customer? Either way, Gl Sir!
Thanks everyone for posting your buy stats.. Interesting to see. Congrats to those who bought in the triple and quadruple digits.
For those of us who bought higher, we had more info, whereas those who bought in for much cheaper beforehand took a big risk and didn't have the court wins under their belt. A big uncertainty there for them, and that's why we saw most of the folks who bought in low averaged up as the good news rolled in over the years... This seems to have been a good deal at any price throughout the process, so congrats to all owners regardless of price.
What are you guys listening for in the July 2 pre-trial. What do you expect to hear that would be a good sign? What do you hope to not hear that would be bad?
Also, now that we're getting down to it...for some fun, maybe we should make a list of the what everyone is going to spend their first $50k on.
Me: Paying off credit cards (interest free period expires 1-2021)
Maybe that's not so fun after all! LOL
I think we're all going to shocked when the filings actually do come out. I doubt it's today, but that's only because it hasn't been 'today' for a while now, but we'll see!
Have a great weekend all!
So you think we're going to take off on Tuesday when they try to cover? Surely that's not that big a deal or we'd increase at the end of every quarter (?)
It is interesting that you've said someone bought 5m shares at $0.005 the other day.
I wonder if some people on the town councils are buying up shares knowing that they're about to issue approvals or something. It's shady but I don't think there are any laws being broken when they do that.
We'll see if there's a buying spree next week
DE thanks for your posts, and congrats on the business!
You have been a bright spot during this time... I especially appreciate your posts as I had a friend I convinced to get in at a higher price, and sending your stuff has kept him in.
Take care sir!
Maybe there will at least be the company update this afternoon... They used to do PRs on Fridays. I'd settle for one of those at this point.