Don’t get too excited for a 10Q. If they’re still hammering out the Ontario deal, they’ll submit an NT-10Q and do it later.

A significant portion of the money Ontario is putting up for this deal will be used to pay noteholders directly, without issuing any shares to them, so there would be no need for dilution.

The shares are reserved for now, because the deal isn’t done yet.

No, just going on previous years, it comes out about the middle of the month.

I wouldn’t be surprised if it’s late this year, where they’re trying to close the Ontario deal at the same time.

Hopefully an NT-10Q won’t spook the market.

No one shorting it into the ground today /s

Well if the 8k about the deal with Ontario is anything to go on, they’re taking 36 million shares at .04 and have an option to take another $3,500,000 worth of shares at .08

So at an absolute minimum we’re undervalued by about .065

Then you figure they actually have a product, and sales, and a future, and the price should really be closer to .10

Then you figure if it goes to .10 in the near future, people are going to freak out. The AS is small for an OTC stock, and the float after the deal closes will be microscopic. FOMO kicks in and the price could go to .20 or .50

So we’re actually undervalued right now by quite a lot.

Not just that they had no revenues, DC*D was a shell with no volume until it came out that someone paid $300,000 for 55% of the shares, reorganized the board, and plans to rename the company.

One month later that person holds close to $150,000,000 worth of stock. For what? They literally have nothing.

In a just world, PCTL would be worth $2 or $3 in the same market that allows DC*D to be worth .75 with basically the same share structure.

I’ll settle for .50 to $1.00

Which sucks a bit cause I’m still bagholding from .021, but honestly I’m not even worried that I won’t get my money back plus 2,000%.

Short 1,000,000 shares by putting up margin of 2.50 per share ($2,500,000 margin!?), in the hopes that it will go from .012 to .0000 and you’ll make....$12,000?

Not to mention that 1,000,000 shares short wouldn’t even move the needle on this.

You don’t have the bankroll required to sell enough shares to make anyone even notice that you’re shorting.

Which means you’re lying.

Upcoming catalysts:

8/19/2019
Reverse takeover

August 2019
10Q for 2Q2019

August 2019
Summary of HITS2019 Conference in Buffalo, NY

September 2019
Purchase option for 4 Large Volume Hydrolyte systems
https://www.globenewswire.com/news-release/2019/02/25/1742011/0/en/PCT-LTD-Installs-a-Large-Volume-Hydrolyte-System-with-Option-Agreement-for-4-additional-LVH-Systems-with-Oil-Gas-Industry-Customer.html

Sure you are, cupcake.

Selling can’t push it down, but a whiff of buying sends it up. FOMO soon....

Haha, the MM signal myth dies in real time.

I really hate the myth of “market maker signals”. Why on Earth would a market maker do something so obvious when they could just, I don’t know, call the other MM on the phone?

The whole idea of MM signals is the equivalent of a third base coach screaming “STEAL SECOND ON THIS NEXT PITCH!”

Even if MM signals were a real thing, they wouldn’t use signals that everyone knows.

Trades going through almost exclusively as sells, but the price is completely stable. MM’s don’t want this to go down. Time to buy.

That was news yesterday. But always a good reminder.

Not just that, but per the email from Jody yesterday, approx 106 million of that is what’s tied to the convertibles, so if the deal goes through, it would never have to be issued.

You posted this 2 days ago.
Then you posted that you picked up 3.5 million “cheapies”.
Now you’re posting this again.

Get a life.

Patience, know what you own.
People will be shocked when this thing rips past 50 cents.

It took 60M shares to bring it down, and only 20M shares to get it back up.

That leaves 40M lessons to everyone who dumped. Better luck next time.

Is it weird that I’m down 38% and I have no urge to cut loose a single share after this morning’s clarifications to the SS?

They have almost no cash on hand, so unless orders are paying up front (doubtful) they would still need Ontario’s cash for production and working capital.

From the 8k, they’re going to use the money Ontario pays for their 51% to pay off the debt:

“Ontario will make a secured loan of US$1,450,000 (the “Loan”) to the Registrant on or before the Closing Date (July 30, 2019). A portion of the Loan amount shall be placed into the trust account of legal counsel to Ontario and directed to fully repay approximately US$750,000 principal amount of convertible debt of the Registrant”

Damn, thanks!
I’ll step back off the ledge now.

I’m going to mark this post, cause it’s the first reasonable explanation for why the numbers from yesterday’s 8K actually add up and make sense.

The only thing I would ask is why you think the float is OS - Reserved = 53M ?

Why wouldn’t it be Reserved - AS = 123M ?

Or is the real answer “we don’t know for sure but it’s somewhere in between 53 and 123 million” ?

Does it matter that they’ve almost vertically doubled the AS (or more) without telling the shareholders they were going to do it? Are you serious?

THAT’S MY POINT!

Per the 8k yesterday, the total OS and Reserved shares add up to 406M.

If the AS were still 300M that wouldn’t be possible. So the AS has clearly been raised and they haven’t told us about it yet.

That seems likely, but you have to remember that Ontario isn’t owned by some dipshit with $3.5 million to burn.

If they raise the AS to 900M to give Ontario 51% and then immediately turn around and do a RS and AS increase again to raise more capital, then Ontario gets obliterated as well.

Going back to the “not a dipshit” point, I can’t imagine Ontario letting that happen.

Bad news, you are mistaken.

You’re seeing a glitch based on an after hours t-trade yesterday. T-trades are a way of reporting buys and sells that happened during market hours but for whatever reason whereby reported at the time.

So, someone bought a bunch of shares at .016 before it crashed to .010 and it didn’t get reported until after 4:00.

Then why did the OS and Reserved numbers from the 8k on 7/10/19 add up to exactly 300,000,000 AS? It wasn’t just coincidence.

Then why did the numbers from the 8k on 7/10/19 add up to exactly 300 million?

Holy sh*t, you’re right, this is bad!

From the 8k on 7/10/2019:

“As of July 10, 2019 there are 84,597,864 shares of the Registrant’s common stock issued and outstanding, and 215,402,136 shares of common stock that have been reserved for conversion of additional convertible notes.”

Which added up to exactly 300 million AS.

Now they’re up to 406 million. Tomorrow’s “two big announcements” are probably going to be;
1) AS increase and
2) R/S

Ok, so good news seems to be, the CEO leak was true about the 8k coming today between 12 and 2:00....

It also said there would be two big news events tomorrow that he couldn’t discuss, so it’s reasonable to believe those are also true.

The dip today is only down to .009, and we were JUST at this level on July 31 with no news, so in the broader context, we’re still not in bad shape. The passive selling this afternoon has been eaten up and stabilized the PPS.

In all, I’m bummed today, but still comfortable holding every share I own.

These numbers don’t add up:

Per the 8k on 7/10/2019 there were 84,597,864 shares outstanding and 215,402,136 reserves for paying off debt.

Today’s 8k says that the OS has gone up by 145,756,231 shares, but the amount reserved for paying off debt has only decreased by 38,848,836.

They’ve got a sh*t ton more to dilute at this rate. We’re gonna get buried!

Uh oh.
No deal yet and many more shares to dump. This will get ugly.

So.....what exactly?

Where did I_Know_Less go all of a sudden?

I saw this tweet from a random user. Where’s the notice coming from?

Today’s T-Trade was likely someone putting in an order at 3:59:59 and not filling until after market closed.

Are the reserved shares above and beyond the float at the time? Cause that would mean there’s still millions to dump.

https://www.investopedia.com/terms/m/majorityshareholder.asp

Majority shareholder (owning 51%) is based solely on the OS at any given time. Has nothing to do with the AS.