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Like is said....
So let's see if I got this straight, Ontario was obligated to buy PCTL shares at 4 cents, but during negotiations PCTL was selling 54% of itself for $0.00073 a share. Is that just about it?
Gee, how can we ever figure out who could have possibly wanted to walk away from that deal?
Put your thinking cap on, it's really not hard to reach a conclusion, lol.
Didn't you just post this...
How did that Ontario loan work out?
Because he did lie.
If discussions were really "on going" he should have filed for another extension, the fact that he didn't proves the deal was dead and he was just making stuff up.
But, can they be shorted against the box?
And even if they can't, what happens to those who bought at .006 and higher when the six months is up? Those can be sold at $0.0010 and make a nice profit.
How many more shares will be issued in the mean time in that same price range or lower?
From your post....
Well Skippy, from July 1 through August 12, PCTL has sold about 164,000,000 shares at an average price of a about $0.00073 a share.
I wonder if that has dissuaded people from buying at .006? I know it has me, lol.
Do you find it interesting that PCTL announces....
They announce that they issued 164,000,000 shares at $0.00073
They announce that Jody and Gary get$1,000,000
But they refuse to announce what their contracts are worth
Odd, very odd indeed. What say you?
Am I reading this right, Jody and Gary just gave themselves $1,000,000? What say you?
You picked a good time, you have around 160,000,000 shares to choose from at about $0.00073 a share. Happy buying.
With well over half of the A/S (164,000,000 shares to be exact) being sold recently at $0.00073, one would need to be a blithering idiot to buy at .006.
On Friday, people bidding .0069 were getting filled at .0065. That's not shorting, that's called dumping.
Before you worry about shorting, you should consider liquidating your long position. Not only is a share price of $0.0018 not laughable, it's not a question of if, but of when.
Consider this, if 164,000,000 million shares, at $0.00073, covered about $121,000 in debt, how many billions of shares will be required to satisfy the about $5,000,000 of existing debt and the millions of future debt?
What do you think, maybe 20,000,000,000 shares?
You can't really blame the desperate longs. Jody just knows how to word things to give those who are stuck with this POS a glimmer of hope.
Look at the wording when they announced the Ontario deal was dead. By including the words
With so many shares (164,000,000) having been recently issued at $0.00073 per share, and another "equity finance package" looming, I'm reluctant to buy shares at these prices, and if I did, I certainly wouldn't hold overnight.
Since PCTL only announces financing in the 10Q, my guess is that an equity package has already been worked out and it includes an upcoming increase in the A/S (which they'll have to announce) and a mandatory registration statement.
Profitability is not very likely for a number of reasons....
Profitable companies don't need to borrow money at 40% plus
Profitable companies don't issue over half of their A/S at $0.00073
And profitable companies don't have officer that give themselves 1,000,000 shares redeemable with first equity finace like this.
Yeah, I kind of miss the ridiculous statements like "the Ontario loan has already been made" or "we'll be profitable be the end of the year".
Seriously? They issued 164,000,000 shares at about $0.00073 per share (that's about $121,000 for over half of the company),banks loans them money at 40% plus, and that looks good to you? lol
It fun to speculate, but it's import to know the facts and even discuss them. That's not bashing. Here is something that should make one wonder...
That's a lot of speculation. Here are some facts...
WHAT, there are more laughs coming from the 10Q....
And the laughs just keep on coming from the 10Q....
Here's another tidbit from the 10Q, oh sure, this is boilerplate too I suppose, lol!
Hey guys, here's another belly laugh from the 10Q, lol.
I don't give advice, I just state facts and interpet events.
Was I wrong about the Ontario deal being dead?
Was I wrong about a bad 10Q crashing the pps?
Was I wrong about warning there was no good news coming?
Think about this....
Where are the numbers associated with all these great deals? Wouldn't a statement such as "We have negotiated contract worth $xxx,xxx recently" be worth a lot more than the fluff in the last 8K?
And what about the one million Class C shares Jody and Gary gave themselves?
The next PR/8K will have to deal with financing and it won't be good for those holding shares.
Not sure you'll be LMMFAO in six months when you come back, you won't like the pps, lol.