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I'm a casual observer and I agree with this message
This is gapping down hard to the trips. Yikes :(
More like .02. I got my bag ready.
#3 on the Board as of 1027hours.
Something smells fishy. I'm loading up at .02 and averaging all the way down to that mark.
Good info. Thanks.
"I wouldn't just put 100% faith in what a penny stock says in press releases." -- nodummy
Indeed. The sec warns unsuspecting investors about misleading press releases.
https://www.sec.gov/oiea/investor-alerts-bulletins/ia_promotions.html
Filings supersede hope, innuendo, and rumor. I learned a long time ago how unforgiving penny land is.
"I wouldn't just put 100% faith in what a penny stock says in press releases."
Indeed. The sec warns unsuspecting investors about misleading press releases.
https://www.sec.gov/oiea/investor-alerts-bulletins/ia_promotions.html
Filings supersede hope, innuendo, and rumor. I learned a long time ago how unforgiving penny land is.
Your posit is highly unlikely but not impossible.
The resistance just north of .06 seems insurmountable at this point. Each attempt to hold the .06 line has been emphatically rejected. A descent to lower support levels and then a retrace from there is most probable.
This situation reminds of Pink Floyd's hit, Marooned.
Good luck.
Sounds like a grim prognosis. The pps should rebound after revisiting .02. I'm averaging all the way down.
Agreed. Did you see the 10Q filed this month? It is most grievous; very alarming indeed.
The 30 min chart is prescient. The pps could march up but it's more likely to get rejected and fizzle out.
We'll see in due time. I respect your opinion.
Not trying to hurt any feelings here.
Buying is drying up and the pps is stalling. This may tank in the coming days. Not surprised based on the daily chart.
Look at the daily chart. The chart show a precipitous drop from the +.09 level.
In the coming days the price will try to rebound only to be rejected back to .02 unless it bases beforehand. That is not probable but it can occur.
.02 in due time and then a reversal. Go PCTL!!!
Nah you can't stop an avalanche by standing in front of it. Let the storm pass.
Timberrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
Major weakness into the close. Looks like buying can't overcome dilutive and selling pressure. Back to the lows of the day and perhaps to .02.
RSI hit the oversold zone 2x in the last 30 min. Yikes!
PM sell off has commenced. I will add at .02. Go PCTL!!
Smart folks will hold the bag until this revisits .02 and then pounce. Hopefully the pps withstands panic selling and dilutive pressure at that level. Godspeed.
I don't care if We have approx 7k cash in hand (Per 10Q). And even if we have defaulted on several loans and are in the red to the tune of a few millions, we can make this work. Be positive dude. I will proudly hold my bag!
Onward and downward!!!
Notwithstanding my spelling, I'm more worried about the bag I'm holding. I'm sure you are as well. But we should bounce back after revisiting the .02 level.
Onward!!
I'm using my rent money to average down when the stock goes back to .02. The charts are prescient.
The reverse is true if dilution continues. I'm holding my bag for now but I hope for a profound bounce to the upside.
Dilutive shares usually flood the market on innuendo and news.
Also, the pps slammed into resistance and took a precipitous fall. This was predictable. Let us hope for a rebound.
It might take 5 years and a reverse split or two but we should be fine. This company has great vision.
It's hard to climb a mountain amid an avalanche of shares flooding the market. I hope I'm not left holding the bag. Go PCTL!!!
The dilution is rediculous.
Dilution? Convertible notes? This makes my stomach churn.
I would loan the company money
Filed April 13, 2020
"Our current cash flow is not sufficient to meet our monthly expenses of approximately $210,000 and to fund future research and development. We intend to rely on additional debt financing, loans from existing stockholders and private placements of our securities for additional funding in addition to the increasing our recognized revenue from the leasing and/or sale of products; however, there is no assurance that additional funding will be available. We do not have material commitments for future capital expenditures. However, we cannot assure you that we will be able to obtain short-term financing, or that sources of such financing, if any, will continue to be available, and if available, that they will be on favorable terms."
From the 10Q filed this month - page 34
From October 1, 2019 through March 25, 2020, the Company issued a total of 265,453,351 shares of common stock upon the conversion of $286,043 of principal, $20,306 of interest and of fees pursuant to the convertible notes payable described in Note 6.
From the 10Q filed this month - pg 31
From the 10Q filed this month
i) During the nine months ended September 30, 2019, the Company defaulted on the note, resulting in a default penalty of $26,390 added to the principal of the note. During the nine months ended September 30, 2019, $44,723 of principal ($42,223) and interest ($2,500) of the convertible note payable was converted into 76,154,631 shares of the Company’s common stock.
From the 10Q filed this month
Basic and Diluted Loss Per Share
"As of September 30, 2019, there were outstanding common share equivalents (options, warrants, convertible debt and preferred series A stock) which amounted to 960,689,801 shares of common stock. These common share equivalents were not included in the computation of diluted loss per share as their effect would have been anti-dilutive."
From the 10Q filed this month
"The cash of $6,669 and $4,893 as of September 30, 2019 and December 31, 2018, respectively, represents cash on deposit in various bank accounts."
I'm quoting the 10Q that the company filed this month. All else is conjecture and speculation.
Yikes!!
Excerpt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2019
NOTE 2. GOING CONCERN
The accompanying unaudited condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company has limited assets, has incurred losses since inception of $20,141,465 and has negative cash flows from operations. As of September 30, 2019, the Company had a working capital deficit of $8,934,741. The Company has relied on raising debt and equity capital in order to fund its ongoing day-to-day operations and its corporate overhead. The Company will require additional working capital from either cash flow from operations, from debt or equity financing, or from a combination of these sources. These factors raise substantial doubt about the ability of the Company to continue as a going concern for a period of one year from the issuance of these financial statements. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.
This is not a scam. We have approx 7k cash in hand. And even if we have defaulted on several loans and are in the red in the sum of a few millions we can make this work. Be positive dude.
I'm not surprised by this drop. This was both oversold and trading near a resistance zone. Even so, the prospects are not good considering the company has under 7k in cash per the most recent 10k. Yikes.
Lofty hopes for a company with less than $7000 cash in hand; multiple loan defaults; and losses since inception of +20m.
Per recent 10Q
We just have to get about 3 billion folks to buy 1 share each pal!
When you break down a seemingly difficult proposition the outlook improves.
Let us be positive!
That's a ton of shares.