The Black Keys
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@PCTL_ hysterical hustle more shares issued than authorized. 170% LOC $30,000,000.oo black hole But auditor is legit ROFLMAO…
… in question is the Sarbanes-Oxley Act of 2002. &((PCAOB))…. corporations escaped over the border by delisting their shares from the New York Stock Exchange. Now, trade over-the-counter at OTC Markets, where they are exempt from the laws.
Yes - this is an expense driven share selling scam
@PCTL_ broken illiquid capital structure, no conventional financing available, convertible toxic line of credit, geriatric antiquated c-suite, deficient audit firm, deceptive practices, insurmountable debt, lawsuit pending, fake distributors, paid for awards, seized e-commerce, one customer moping floors with pool water.
@PCTL_ ; do you own due diligence
The Company has no regard for the Sarbanes-Oxley Act especially regarding disclosures to shareholders
The PCAOB is a pay to play, register and meet the requirements organization
< Much like the paid for award most recently championed that resulted in a failed price swing that was obliterated with selling pressure
The United States Public Company Accounting Oversight Board (PCAOB) is a private-sector, non-profit corporation, created by the Sarbanes-Oxley Act of 2002
Given past precedents @PCTL_ regarding deception, material omission, disregard for disclosures and a rotten uncured capital structure it is obvious internal controls are nonexistent.
The Company ignores the entire Sarbanes-Oxley Act - no reason to believe they are in any way honest with auditors.
On January 1, 2021, the Company entered into a one-year employment agreement with Gary J. Grieco, paying a base annual salary of $50,000, with a January 1, 2022 effective date of the agreement being month-to-month. This agreement supersedes all previous employment agreements.
I really hope he gets arrested before he runs off to Cabo with investors hard earned dollars.
@PCTL_ easy to display the most recent failed price swing on breaking news and volume due to selling pressure and lack of confidence. Fundamental past precedent will continue. The more business these fraudsters do the more money they will lose : rest assured they will never misstep the trip to the money launderer.
https://www.globenewswire.com/news-release/2022/12/14/2573818/0/en/PCTL-Subsidiary-21st-Century-Energy-Solutions-Announces-Customer-Update-Concerning-Remedial-Stimulation-Treatment.html
Made up bull-crap comes directly from @PCTL_ resulting in one failed price swing after another- as here is another fabulous example; https://www.businesswire.com/news/home/20220505005753/en/PCT-LTD-Acquires-South-Carolina-Company
@PCTL_ disinformation, omissions of material facts, nepotism, toxic lending are the substantive catalysts.
https://microcapdaily.com/pct-hydrolyte-expansion-the-reversal-pct-ltd-otcmkts-pctl/
@PCTL_ trading days that broke volume trends the price continued to collapse for two solid years. The selling and conversions and the flow of unrestricted shares have been relentless. This will not change, this stock / company is share selling dilution scam.
@PCTL_ is nothing more than stock share selling scam with an accumulated deficit of $29,378,449.oo maintains negative cash flows from operations has a working capital deficit of $4,123,267.oo
Forever The Company will rely on raising debt and equity capital in order to fund its ongoing day-to-day operations and its corporate overhead.
The Company maintains toxic debt in default only has sufficient shares to satisfy the conversion of some but not all of the outstanding toxic convertible debt.
Management projects these costs to total approximately $2,580,000 in 2023
2022 $875k current revenue
ROFLMAO new and focused nvestment opportunities
Not, the expiring of contracts and restarting is considered additional to original.
Get Ready @PCTL_ More Scam 2023
“It also presents new and focused investment opportunities.”
“PCT Corporation also intends to vigorously pursue investment in the testing of its fluids….”
@PCTL_ claims “We never stop thinking of our investor community. We genuinely appreciate your trust, confidence, and hard-earned invested dollars. We thank you.”
I see no evidence or display of trust or confidence, only wasted hard-earned invested dollars and a few shills posing as shareholders.
•@PCTL_ Considering you allegedly “renegotiated expiring contracts and will be trading out older models for the new Gen 3 Annihilyzer® units throughout 2023 at additional, recurring revenues”. Is additional, recurring revenues the same or less or greater revenues?
• “In 2023 PCT Corporation’s main sales growth and focus will be to on-board Distributors.” How will this focus differ from the previous explosive growth and buildout of distributors and distributions network and shipping facilitators claims? all resulting in failure with only one currently active? Failed distributors web portal?
•@PCTL_ How much money was spent to build and deploy “The biggest developments of 2022 was the introduction of our Gen 3 Annihilyzer® On Site Generation (OSG) system which produces multiple concentrations of our HOCl product.”? Have any Gen3 systems produced a return on investment?
•This statement is convoluted and outdated “ We added two new hospital systems, with a third one coming on board in December 2022 with the installation of an OSG”. This reads one unit installed (unable to conclude is anything was sold or leased or gifted for testing)? Is “system” referencing the hospital or OSG’s?
•@PCTL_ Please explain what will be “rapid growth” in 2023 and how will the differ from explosive growth that was claimed to have happened from the unfortunate benefits and opportunities Covid allegedly was affording @PCTL_?
•Please provide your described proof that “ Hydrolyte®) is proving to be a highly effective agent to mitigate H2S”?
•@PCTL_ How will “anticipated exponential growth in 2023” differ from the anticipated explosive opportunity covid was allegedly providing @PCTL_?
•Please disclose a quantitive figure to claimed revenues in “revenue generating pilot programs”?
•Given @PCTL_ historic inability to execute and perform who or what entity will be managing the “tremendous number of moving pieces necessary to complete a spin-off and timing is fluid”?
•Who is managing day to day performance @PCTL_ while developing and exploiting “subsidies” - “presents new and focused investment opportunities.” “timing is fluid at this point in time. This process can take upwards of one year to effectuate, if not longer”.
•@PCTL_ Please share any recent developments regarding Auctus lawsuits and counterclaims?
•Have you cured the issue with insufficient shares to deliver to your creditors?
•@PCTL_ How has “more companies interested in our products than ever before” not translated into revenue? What is broken in your sales process?
•As you carve out and “ sell certain assets to Healthcare and Energy” how will that affect unresolved (Auctus) litigation and other convents and unresolved agreements?
•@PCTL_ Describe your “Pipeline” of demand? (Is that quotes or requests for proposals or purchase orders or scheduled telemarketing)
•Please provide direction to whereas the “The Oil and Gas sector is sitting up and taking notice of the positive test results…”? What positive test results are you referring and what outlet specifically has reported or shared or rebroadcasted?
@PCTL_ Please describe for your investors;
•What exactly you had to “overcome”?
•What specific supply chain disruptions effected your performance?
•What facts and figures do you have to support the “sturdy foundation” claim you have made?
@PCTL_ sorry your retail shareholders hadn’t been anticipating 2022 would be a tough year for revenue. Throughout the year you never discussed missing your forecasted revenue. Your EOY 2022 correspondence delivers more questionable ambiguities and insecurities to shareholders.
Attention long term shareholder; don’t be embarrassed if you have been harmed by @PCTL_ lies, material omissions, and misleading information. If you purchased this companies stock based on the following events or statements you have likely been harmed. Share you experience with authorities that can make a difference and protect others from the same losses we have encountered.
We see $10 million as our minimum and we expect that we can go substantially
higher," said Grieco. "We're very comfortable with stating ten million for
2021, which will be a substantial multiple over 2020."
https://www.bloomberg.com/press-releases/2021-01-11/pct-ltd-discusses-2021-revenue-potential-with-the-stock-day-podcast
@PCTL_ Our forecasts call for $5-$10 million in revenue for just the Oil and Gas business over the next twelve months.
https://www.businesswire.com/news/home/20220607005988/en/PCT-LTD-Signs-Memorandum-of-Understanding-with-International-Energy-Company-Providing-Cash-Infusion-and-Ongoing-Partnership
"How is it going to look for the rest of the year?" asked Jolly. "Certainly a record for the company," said Grieco. "I believe our sales for the year will be north of $4 million," he shared. "I want to be reassuring everyone that the Q and K are around the corner. Obviously, the K first and then the Q six or seven days after," he added. "It's very important that we get it done."
https://www.linkedin.com/pulse/pct-ltd-discusses-increasing-demand-disinfecting-solutions-jolly
"I'm very happy, not only for the company in general, but also for all of the shareholders, that we've crossed out of the negative side and into the positive side," said Grieco. "We're looking for a very robust second quarter."
The conversation then turned to the Company's financing strategy for their current and upcoming projects. "We've been able to finance out of cash flow. Now, there is going to be a demand for accelerating our expansion," explained Grieco, adding that the Company is currently exploring a number of reasonable financing options. "Between cash flow, borrowing, and possibly equity financing, we're going to be fine."
https://www.yahoo.com/lifestyle/pct-ltd-discusses-increasing-demand-123000769.html
@PCTL Guilty Notice; ARTICLE 5 Fraud and Liabilities.
The South Carolina Uniform Securities Act
SECTION 35-1-501. General fraud.
It is unlawful for a person, in connection with the offer, sale, or purchase of a security, directly or indirectly:
(1) to employ a device, scheme, or artifice to defraud;
(2) to make an untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading; or
(3) to engage in an act, practice, or course of business that operates or would operate as a fraud or deceit upon another person.
SECTION 35-1-502. Prohibited conduct in providing investment advice regarding securities.
(a) It is unlawful for a person that advises others for compensation, either directly or indirectly or through publications or writings, as to the value of securities or the advisability of investing in, purchasing, or selling securities or that, for compensation and as part of a regular business, issues or promulgates analyses or reports relating to securities:
(1) to employ a device, scheme, or artifice to defraud another person; or
(2) to engage in an act, practice, or course of business that operates or would operate as a fraud or deceit upon another person.
(b) A rule adopted under this chapter may define an act, practice, or course of business in connection with giving investment advice regarding securities as fraudulent, deceptive, or manipulative, and prescribe means reasonably designed to prevent a person from engaging in acts, practices, and courses of business defined as fraudulent, deceptive, or manipulative.
(c) A rule adopted under this chapter may specify the contents of a contract entered into, extended, or renewed in connection with giving investment advice regarding securities.
SECTION 35-1-505. Misleading filings.
It is unlawful for a person to make or cause to be made, in a record that is used in an action or proceeding or filed under this chapter, a statement that, at the time and in the light of the circumstances under which it is made, is false or misleading in a material respect, or, in connection with the statement, to omit to state a material fact necessary to make the statement made, in the light of the circumstances under which it was made, not false or misleading.
https://www.scstatehouse.gov/code/t35c001.php
@PCTL_ marketing and business development department give him a call.
https://www.zoominfo.com/p/Tom-Kane/1445457601
Same @PCTL_ recording triple digit inefficiency and operating on a 170% interest rate line of credit from a toxic lender that has recorded a $30,000,000.oo loss that is carrying $5,000,000.oo In delinquent notes that currently has More stock issued than deliverable; Subsidiaries are the answer?
No interest. No trust. No confidence. @PCTL_ Just a ram-shambled warehouse and a broke down exhausted stock.
Nope, never happened. @PCTL_ unable to sell disinfectant during global pandemic. V.2.0. Another swing and another miss….
@PCTL_ maybe get the subsidiaries listed on the Nigerian Stock Exchange to provide some liquidity. 600% Lies
Absolutely no reason to believe the claims presented by @PCTL_ regarding increased oil production based upon the ambiguous information and results they have presented. …No test results were ever presented? How much did @PCTL_ spend on testing never to present results? Why? No Holkom white paper?
Absolutely no reason to believe the phantom customers unverifiable gains result in anything other than increased losses for @PCTL_ as more product is sold at a loss.
It cost @PCTL_ $170.oo to sell $30.oo worth of pool water
The “Award” was a paid for advertisement.
LIES;
Dec.2021
"We are about to embark upon final field tests," continued Grieco, "which should be completed by the middle of December. Once completed, we will begin beta testing with a number of oil production companies that have already expressed their desire to use the process on some of their production."
The float at the time was less than 400 million shares also. It’s ballooned maxed out exhausted broken and fully issued with more shares promised than deliverable.
Since then many developments have become painfully obviously fraudulent delivered to shareholders.
Revisit last year’s shareholder letter and press releases & remind yourself of the lies and trickery this company has successfully deployed upon the market.
https://pctl.com/wp-content/uploads/2022/02/2021-Shareholder-Letter.pdf
@PCTL_ this is a great question to ask All In Art - The Delist Specialist; How many years forward will we be able to carry forward the massive losses you have provided shareholders?
((imagine a 35 million share market order crushing the ask? .0001¢ certainly))
https://www.irs.gov/taxtopics/tc409
@PCTL_ zero sum developments managed with nepotism delivered with ambiguity and disclaimers. More of the same in 2023.
Unfortunately for @PCTL_ over the past few years even speculative newb investors have become aware of the tricks of the trade that’s afforded this fraud’s longevity.
Slowly but Surely displayed by the continued declining value volume and interest and despite the alleged groundbreaking developments the scam is unraveling.
@PCTL_ illiquid exhausted worthless contract for order flow ended now just insiders playing hot potato wash trading with their lunch money
@PCTL_ is aware corporate action such as spin-off will necessitate a change to the security deliverable under the terms of the outstanding contracts.
I expect typical nonperformance @PCTL_ resulting in deficiency determination beyond that Auctus will prove an appeal that will stop the conveyance and expose the attempt to manipulate the ongoing proceedings
@PCTL_ scam spin-off transaction will violate indenture covenants and other (AUCTUS) third party contract rights that remain unsettled.
@PCTL_ closing with wash trades to paint the tape end of month sad management performance prefers manipulation over reality scam stock Happy New Year embarrassing holding this garbage ticker in my account
@PCTL_ more magic Nano bubble poolwater at a loss equals more of a loss.
More zero sum assumptions. More toxic loans. More averaging down. More lies. More shares. More ambiguity.
Maybe reintroducing worthless subsidiaries for ninth time would help shareholders value or maybe another paid for promotion award article.
Equipment Placement and new old stock Deliveries not customers for @PCTL_ and water-flooding with biocide has been going on for years nothing new or groundbreaking happening with this fraud of a company other than the actual fraud itself.
@PCTL_ spoiler alert ; miserable Q4 2022 because of blizzard and recent earthquakes in Ca.