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Don’t think it is even close to time, from what I remember hearing those trials could take months
Though I have been disappointed with the communication recently, it still looks like all the warrants are gone and the other notes as well. Not sure where we are with the o/s exactly but last time I called it was at 690 mil. I expect it could get up to about 750 mil. in the short term. Could be that that will be the end of dilution for the foreseeable future.
Hopefully next week looks better for us all. My guess is that we can pick up some cheap shares Monday afternoon. Maybe it gets better after that.
You guys have to realize the QB status won’t do anything for the stock price. It doesn’t change the fundamentals. I’m in a few other stocks that are on the QB, their stock price still go up and down according to revenues and debt, nothing else. The QB status will do nothing. We need info on the debt and new orders coming in. That all that matters
How the company did not have a PR ready to go before the bell this morning after that q defies explanation
It’s at 690 right now, so has gone up a bit
Actually only 690 mil. as of now.
That was just for the 400,000 loan...we don’t know how much was added for the 300,000 one yet.
Again, I’m not worried about the shares. I already knew this would get diluted to 800 mil. (Or that’s what I’ve been told. Who knows now.)The problem is with the deceit. Everything else must also be questioned.
That’s how the deals work. It’s all right there. Look at the explanation of the 31.5 mil. shares in the q.
In September of 2020, the Company negotiated a financing transaction with RB Capital Partners, Inc. (“RB Capital”), whereby RB Capital would provide the Company with up to $400,000 in financing. As a condition to the financing, the Company was required to reduce the conversion price of a $31,500 promissory note RB Capital acquired from a third-party down to $0.001 and immediately convert the note into 31,500,000 shares of unrestricted common stock. Such shares were issued on or about October 7, 2020.
“Immediately convert the note.” These shares have already been dumped around .025-.03 a share. They made around 900,000 off of those.
If the company does not pay the 400,000 back at the end of the term, then that amount will be sold into the market at a .20 a share rate. If PCTL pays off the loan before the conclusion, those will never convert.
Not sure you understand. They were already converted.
Yes, but I believe the damage it has done will be hard to recover from. It fits in line with a lot of his unfulfilled promises as well. Now any PR released will have to be questioned. Is a million gallon order really a million gallons? Will the UK deal ever be lucrative for us?
Agree 100%. To pump it without saying all the terms to lure new investors in is pretty shameful.
I’m heavily invested here, but the company has been quite deceitful with their prs. They didn’t mention at all the side deal with RB Capitol in the prs, seemed good to many and many bought in for that reason, and now we are all going to watch the value of our investment decrease because of their dishonesty. Not sure we can trust any of the other prs either, including the oil po.
My guess is they have a pr ready to go in the morning possibly, but I do think that unless it’s a bomb of a pr, it’ll drop anyways. Might see 1s tomorrow
Hey DE, curious to hear your thoughts on the q
Good calls on the revs and under the table share drop with RB capital.
Yep, a drop for sure
Yep, tomorrow will not be pretty. Even if he drops a PR, we will be sinking tomorrow. Looks like it’ll be a long long wait until February.
I still put the blame on PCTL. They should know how long it takes from submission till finalization. They have to do a better job of submitting them way in advance, then they won’t be cutting it so close every time
Well I guess we will see what happens after hours...
Yeah that’s what was said, I’m just saying the feeling I got from it
I think some of the problem with the last financials were because of that auditor, but from what was said during the CC and the fact that they hired two more people to work with the financials, shows that it was mostly on PCTL’s side.
Everyone is just waiting for the filings to drop. Relax
For sure. It’ll be an exciting few weeks
Hey DE, will we see your website up and running this week? Any other news you can share with us?
Hope you’re right, but I think low will be 750, high will be 800
Agreed, but I think it will show at least some gone, that’ll help our buddy see that it is possible for them to be payed off
Again not sure how to help you buddy, take your eyes off the last q for two seconds and listen to what we are saying, the warrants are being dealt with, only 50 mil. left. Soon you can look at the new q and maybe that’ll help you
I have told you many times....the warrants are disappearing, was 400 mil., now down to 50 mil. soon to be gone
Been telling you for months they are getting payed off, you aren’t listening
Won’t get past 800 mil
Wrong, as of this week we were down to 50 mil., only one more set to pay off.
It is new to a lot of people, says the debt will be gone.
How are you hearing 1.3 this quarter?
It’s not so much about the revs, it’s about the debt. When it shows it’s mostly gone that’s when this thing will get going. As long as the revs aren’t shockingly low it’s just not going to make that much of a difference. Don’t get me wrong, if they happen to be 1.5 to 2 mil., yes, that will make a difference and this thing will go up no matter what. But I don’t think any of us see that happening.
Exactly
Looks like just 50 mil. warrants left. There is a reason for the “dilution”.
Most likely the revenues will be weak, we are going to have to get some sort of good guidance within the report or a nice PR to go along with it to get us moving again
Just to clarify, the first sentence is what rich told me, everything else is from me