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For all the negatives that have occurred, GG has been at the helm for the YOY revenue growth and should get some credit for the good things this company has going on while he also is held accountable for the missteps. That’s what being the boss means. I do believe if he were to take a different role within the company and another person were appointed CEO we would likely see an immediate doubling of the share price as a reaction from the masses.
But daddy, I want it nnnnnnoooooowwwwwwwwwwww
I dislike audited scams. It confuses my dumb retail brain.
Contrarian investing at its finest, proven to be remarkably successful. I hope you’re correct in this situation also.
I added some .0179’s, excited to add to the bag. 23,000 shares here and there will eventually get me to a million.
I’m also eager to see what the distributor revenue stream will contribute, particularly with Zeroez.
I agree about the interviews and hope it is truly a cultural shift within the company. They don’t need to be going on these stockday podcasts to get the hype train going, they’re a legitimate company with legitimate products, an EPA registered solution, and exponential growth actively occurring. It’s hard to slow things down in today’s society and allow for things to grow and evolve naturally and organically, everybody wants to push push more more faster faster hype hype hype.
I think that’s the game GG got caught up in, and maybe he had to in order to attract eyes to a struggling company. Maybe that’s the only reason they survived and GG singlehandedly pulled PCTL through what could have been a bankruptcy situation. Who knows, maybe he’s a bumbling moron that doesn’t know better. I think it’s closer to the former than the latter, but that’s my opinion and it doesn’t mean I don’t get frustrated at him and the company sometimes too. There is so much potential here though that I am more than willing to tolerate it to get to what I hope is a mortgage-free existence by 2023 or 2024.
So true... growth is awesome but if you can’t trust what management says it doesn’t bode well moving forward and getting other folks to invest in the company. I hope 2021 brings less shooting from the hip and more frustrating (but satisfying) non-predictive answers. Either be pretty certain in your accuracy or don’t make projections.
I am still super excited and super long. Nothing I have seen or researched leads me to believe revenue won’t continue to grow exponentially, excited to see what Q1 holds for us.
And so clean...
Audited financials aren’t proof of revenues?
To da moon!
Mine is .001, me too. I hope we both make enough to retire.
The financials for this company weren’t great before COVID... they were aight, but nowhere close to justifying this market cap.
I’m bullish here, let’s start with that, but I don’t think updated filings to get pink current is going to be all a good thing. The financials are likely to fall short of what a lot of folks are expecting and disappointment is likely, in my opinion. The O/S here is higher than most folks are generally comfortable with and if there is a corresponding increase in the O/S with the filings (the A/S is sky high) that may not be well received either. This company has a lot of potential if the announced (BJ’s) and anticipated (Fortune Top 25) catalysts bear fruit but that’s not gonna happen tomorrow, next week, or even next month. It takes time for revenue to appear on the books, and the last (unaudited) peek we had at the company books should be reviewed and considered before folks develop their expectations about what getting pink current will look like.
Before everyone jumps down my throat now, go back and read the first line.
Because it isn’t really news unless it
comes directly from the company.
BR x3 PCTL tweets.
I could not agree more. I’ve been holding strong since July 2019, the only time I sold anything was to invest in some cryptocurrency and had nothing to do with my feelings on this company and their potential. Things could get pretty wild in the next 3 to 9 months.
It totally could be Walgreens. My thoughts on Costco is there is more space for the kiosks (if Costco even if wants the kiosks, they have their own fancy hearing sections) and it’s in line with warehouse pricing/consumer savings. Either way though, Walgreens or Costco, is gonna be insane.
If it were CVS they Would likely have Stated fortune top 10 instead of fortune top 25. The fact it is a fortune top 25 companies and not a fortune top 10 company Means, to me, we are likely looking at a company somewhere between 11 and 25. My guess from that list is Costco.
You also, I hope everyone here ends up profitable!
If I were in those shoes I would be understandably disappointed and frustrated. Disappointed at the lack of accurate communication, frustrated at the potential of this company not manifesting into success quicker than it is. I would not be optimistic about Gary until he begins to communicate in clear and direct terms without ballpark figures, educated guesses, or a magic eight ball. The company outlook I am still very optimistic on and for all the disappointment which falls at the feet of a CEO this company has shown consistent and impressive revenue growth since I first bought almost two years ago. Even if the 2020 annual numbers are “disappointing” relative to the $4 million projection by Gary, the year over year growth will remain remarkable (percentage-wise) and I see no reason to think 2021 is going to be worse than 2020. If just one of the categorical revenue streams hits (medical, oil and gas, agriculture, non-hospital sanitation, or others not typically talked about here) the company will continue to grow exponentially. If multiple revenue stream categories start popping things could pop straight off the chain.
Sorry for the delay, I had to wait until midnight to get my one post a day.
As a long shareholder, I can speak for myself thank you. I’ve doubled my money since July 2019 and have nothing but good expectations for the future.
HOCL shouldn’t be used for that. There are a lot of articles explaining how to properly apply the product, i.e. in hospitals and oil wells. Here is a good resource:
https://www.para-con.com
I think you are taking a problem which used to actually have big consequences (stop sign) and falsely inflating the current consequences. Maybe falsely is the wrong word, each person can worry about anything at all to whatever degree they want to. I consider this current situation a minor disappointment but will feel differently if they don’t file by April 15.
If the company files in a way that keeps them current, I don’t necessarily care that much. It would be nice if they were transparent about past failures to do so and proactive in explaining how they are rectifying those failures to prevent getting a yield or stop sign up. That’s really all that matters to me is they stay compliant and current. To each their own in how important not filing NT 10q and NT 10k’s are.
The late filings are similar to the ongoing IR fiasco, in my opinion. It takes time for people to get things right sometimes, often longer than people want. Eventually, I think this company will figure out the financials piece better and the IR piece better. If others don’t, that’s for them to decide if they want to risk their money here. For me, that answer is a yes.
Almost 9 million in volume and up almost 4%... it seems like the crowd is not very disappointed and is supportive of filing the necessary paperwork timely to allow the newly hired CFO and auditing team to finish up what needs finishing.
Would we have liked to see the 10Q today? Of course. Does the system allow for extensions for cause? It certainly does, and it’s nice to see the company using the tools available to them. If they didn’t have a history of late filings in the past, this wouldn’t be nearly the concern it is made out to be.
“ I think it will be way lower.”
Could you clarify what “way lower” means? 3Q 2020 the company did $784K in revenue, and the first nine months of 2020 they did $1.9 million. So in order to be “way lower” than $2.5 for the year that would almost have to mean near zero revenue in Q4 2020. Even a 33% reduction from Q3 to Q4 2020 puts them at $2.5 million for the year.
I agree. I’ve been impressed with the company’s silence And the very clear message from IR That there are many things they simply will not comment on. It’s much better than the previous “feel
Obliged to answer and shoot from the hip” action we had going on. I feel 2021 and on will be a More calculated approach to communication.
Saying “possible reverse split” is the exact same as saying “possible Johnson and Johnson buyout.” There is zero information indicating either of these things is possible, it’s just outright misinformation.
Hospital budgets absolutely allow for expensive on-site equipment if it saves money in the aggregate budget. If folks will recall, the Annihilyzer is targeted at Hospital Acquired Infections, not COVID or oil and gas or fluid distribution.
Medicare does not pay hospitals to treat HAIs, that comes out of the budget of the hospital at a much greater cost than the Annihilyzer costs. This is actually a cost savings, and a very smart one. Furthermore, the Hospital Acquired Condition Reduction Program is a pay for performance program where the bottom 25% of hospitals as it relates to HAIs actually get an overall payment reduction of 1% on ALL MEDICARE DISCHARGES. That’s a loooootttt of money, way way more than an Annihilyzer costs.
https://www.cms.gov/Medicare/Medicare-Fee-for-Service-Payment/AcuteInpatientPPS/HAC-Reduction-Program
Folks have been calling sub-penny soon for months and it’s not there, for many reasons.
I think if any entity leases a machine, and is only using it for their business and not selling the fluid, they won’t have to pay royalties per gallon. The alleged lease price is significant but not overwhelming, but I can’t see them paying per gallon royalties on top of that. I mean, I hope I’m wrong and the company makes that much more money, I just don’t know if that’s the case.
I have faith in the catalysts this company has coming. I have belief that a tweet from a lender can directly influence momentum and trader sentiment, which is also why many people tweet, post on stock boards, and otherwise engage in information sharing about a stock. It’s definitely not a bad thing that a lender (see also “shareholder”) is posting what appears to be positive info.
Completely wrong in every way.
2021 guidance will likely be increased to $13-$15 million with updated news on the catalysts in the pipeline.
I respectfully disagree.
If PCTL had ZERO revenues in the fourth quarter of 2020, it would still result in 173% year over year growth. Even paltry fourth quarter revenues will result in a 200% increase. While the company may not have maximized the opportunities available to them in 2020, heck they might have. None of us know the inner workings of the company but I’m not gonna complain about annual growth increasing at that rate.
Obviously not in a few hours, but likely in the next couple of months. Even if the 2020 annual revenues don’t meet the $4 million mark identified by Gary, once the disappointment drop is over this should rise nicely *if* the company provides clarity on several things:
PCT Europe and what the 25% ownership stake means for PCTL
Details on the revenue streams relative to distributors, specifically the larger level three distributors and the royalty agreement with Zeroez
Actual data from the oil field testing and what that data will be used for moving forward
Just to be clear... there are no rumors about a reverse split anywhere to be found.
I’m here for the longer term upside. It’s my belief (opinion) that this product is useful and scalable in a way that will outlast the current poor management. Either through new blood in leadership or a buyout from some smarter entity that has an executable plan to maximize this product/patent potential. The hype train, the bash train, it’s all just noise. I’m totally guilty of getting sucked into it sometimes, I should just disappear and check back in a year or two. 99% of folks aren’t with that plan though, we all want to be aspiring traders and flippers and make it now now now.
https://www.para-con.com/images/docs/PCTL04-07-20.pdf
Last April it was 10,000 gallons per day in South Carolina and “initially” 4,000 per day at Werks in Indiana. That’s 3.6 million gallons a year if they take the weekends off, and over 5 million a year with 365 days of production.
This appears to be the confirmation many folks (rightfully) have been complaining is lacking. It’s right there, shareholder 5, 48 of 191 outstanding shares. That’s 25% of the outstanding shares of PCT Europe owned by PCT Limited.