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A poster graciously point out that one of the know quantities that should be included is the cessation of dilution. I didn't include that in my last post because unlike the 3 facts that I mentioned, this is merely hearsay and is not documented in any SEC filings. For the purposes of thoroughness , lets assume it's true.
4. Dilution has ceased.
We know that the last conversions were voluntary. We also know that prior to the cessation of dilution, the note holders were converting at prices ranging from $0.00035 to &0.0009, so the question must be ask, "Why would the note holders refuse to convert the remaining 100 million plus shares when the trading price is many, many times the conversion price?". There are a two logical answers.
a. Additional conversions may harm the company such that their shares notes would be worth less.
b. They feel they can convert them later a a better price.
These questions, and others will be further examined later.
On a completely different subject, 1 cent should hold today.
A lot of people seem confused, let's do a quick analysis.
First of all, what do we know....
1. PCTL has enter into two LOIs, which began the negotiation process for mergers, and both have since terminated. One was with Magnolia and one was with Ontario. This comes directly from the company via various 8K filings.
2. PCTL requested an extension for filing their most recent 10Q and still hasn't met the extension date and are now delinquent. We know this from an NT10Q filing.
3. PCTL is losing money and is staying afloat by borrowing money usually with convertible notes. We know this from 10Q and 10K filings.
We don't no why the mergers didn't happen and I'm not sure that speculating about why would help us much.
Let's look at why they failed to file a 10Q in a timely manner. Most people agree that the 10Q in not that complicated and I personally believe that it has been done for some time. So why not file it, after all, they've got to file sometime, what could be gained by a delay?
I suppose lights are going off in every ones head now so I'll stop here so as not to spoil the fun of letting you figure it out for yourself.
See below, that should be all you need. Please let me know how the snapshot turns out and if I can be of further help. You can thank me later.
https://ih.advfn.com/stock-market/USOTC/pct-ltd-PCTL/stock-news/79653226/current-report-filing-8-k
https://ih.advfn.com/stock-market/USOTC/pct-ltd-PCTL/stock-news/80358685/current-report-filing-8-k
https://ih.advfn.com/stock-market/USOTC/pct-ltd-PCTL/stock-news/80474046/current-report-filing-8-k
You too. Look for the next deal to be the best yet.
I can tell you that I will probably be a buyer below one cent. I won't say how far below one cent, after all, a little mystery does make it more interesting
Regarding the merge, I just post facts sir. You can thank me later.
Sorry, the LOI has been terminated
Too early yet
Are you getting close to that 6 million add?
Be patient, the next LOI will be out in a few weeks
Sorry, but that extension expired on 8/19/19 and so did the LOI.
Nope, the Ontario LOI is terminated, just like the Magnolia LOI.
From 8k dated 4/8/19 (Magnolia)
They'll have an 10Q out in the not to distance future, they just need to find a new company to provide them with a new LOI.
Somethings I get..
PCTL selling shares at $0.0009
PCTL delinquent with 10Q
PCTL with two failed merger attempts
PCTL broke and desperate
Have you verified that with the TA, lol?
So you tell me....
How many shares could a woodchuck convert if a woodchuck could convert at $0.0009 like all the note holders, lol?
Hey Skippy, you should probably know that the TA that they are talking about is "TECHNICAL ANALYSIS", lol.