Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I just applied for moderator.
Disagreed...
In the past much of the language was future this and projected that.
Currently we are seeing activity updates of what HAS happened/IS happening.
Machines being installed is not vague at all. They told us two more machines would be installed later in January. Now we have an update that they were in fact installed, brining the total to 5 machines installed with the W TX service provider. What is so vague about that?
It doesn't really need to be that complicated does it?
Installed means put into place, into service/operation. It means it happened, past tense, not future hope or might happen.
Looks like lots of fluids being generated and used by the W. Texas oil service company.
Our W.TX client has expanded with 2 additional Super-Catholyte systems installed last week. The depot has the capacity to add 5 additional systems as well as 6 more 5000gal tanks if they choose to expand further.#upstream#oilandgas #oildrilling#H2S #EOR #downstream pic.twitter.com/C0HOZkX2gr
— 21st Century-Energy (@21stEnergy) January 24, 2023
No it's not new, I don't see any recent activity with it either.
https://tylerpaper.com/news/business/shuttered-longview-refinery-in-limbo-under-epa-cleanup-order-new-ownership/article_f8ee09f4-89ec-11e8-9bd8-83f37ef6f53d.html
https://www.connectcre.com/stories/longview-refinery-continues-under-epa-cleanup-orders/
https://www.news-journal.com/news/local/shuttered-longview-refinery-in-limbo-under-epa-cleanup-order-new-ownership/article_532a7d6c-8862-11e8-947b-e32e0e8adf3a.html
Here is a filing from 2012 that mentions the "Longview Assets"
https://www.sec.gov/Archives/edgar/data/793306/000119312511353591/d268571ddef14a.htm
Thank you for the updates and clarifications.
I understand there are many moving parts and factors to be considered. Whatever the case, I hope we can see value delivered to us ITUP shareholders sometime sooner rather than later.
Thanks to you and the team for all you are doing to bring this into reality.
I agree with preparing for delays. I am taking the same mindset. But I expect they will deliver even if it takes longer than expected. They haven't given up yet despite many attempts and obstacles. This gives me the impression that they are committed to seeing it through.
As for value? Again, not sure why they would try so hard if there wasn't any value behind it.
So we see what happens next, but hopefully we finally see some real progress soon.
Great news! Also good to see the clarification that the Crowdfunding has no effect on the dividend.
We of course will need to see if FINRA approves this time. But good to see the company doing what they told us, last we heard the plan was to try the dividend again in early 2023, and now here is the announcement.
This is a ridiculous accusation.
The question still hasn't been answered...
Business Intelligence Group...
Legitimate awarding body? Yes or No?
And if not- why not?
As simple as can be
Geez, why is this so difficult
So then, is your stance that Business Intelligence Group's awards are illegitimate and a scam operation that all these companies are participating in?
Just curious.
Everything I have read is that BIG is well reputed with a legitimate award process, with independent judges. I would be curious to see any proof otherwise.
And another question that I have asked before and still waiting for an answer on...
If the Business Intelligence Group awards are illegitimate as this statement implies
Umm... hold on... are you saying that PCAOB is a scam/fraudulent organization?
They have retained their status as PCAOB Registered and have not been suspended, censured, or have any enforcement actions applied.
Therefore they remain a PCAOB Registered Firm which by the PCAOB's own definition, they are expected to comply with all applicable auditing and related professional practice standards.
Ok... yes I have seen that Sadler Gibb was found to have deficiencies in a recent PCAOB inspection. But also noticed that Sadler Gibb has retained its status as PCAOB registered and has not been suspended or censured. No enforcement actions.
Deficiencies are not that uncommon, the recent report lists an expected rate of 33%. Of course it is best to have none, but Sadler Gibb is a well reputed firm and I expect they will resolve any areas that need attention.
Ok... so OTC Markets General Counsel, and all the other prevalent instances of the terminology are using "clever wording to fool investors"?
Got it.
And perhaps Preston Clark at Law Insider dictionary as well? I have always found it to be a reliable and trusted source? They seem to be trusted by the industry with over 300,000 registered users. Is their definition of "PCAOB Audited" actually "clever wording to fool investors"?
Seems to be quite the scandal if true??
Or maybe it's really just another nothing burger word game?
No one ever said PCTL was audited by the PCAOB.
Just another round of silly word games IMO. I do realize it's a fun activity to play and a good way to create confusion.
The phrase/terminology "PCAOB audited" is actually commonly used in many places as a shortened reference to financial statements audited by a PCAOB registered firm.
Here it is referenced by Law Insider Dictionary https://www.lawinsider.com/dictionary/pcaob-audited-financial-statements
Yeah yeah... we all know how efficient the SEC, FINRA, et al. are. Of course they move quickly and process things quickly. They are well known for their speed and efficiency ROFL
I have been in a few other situations with spinoffs, there really are many parts in the process. I know of several instances that have in fact taken upwards of one year for various reasons. There is one in particular that I am familiar that is going on 2 years due to FINRA's BS. FINRA is notoriously a nightmare. Surely "pros" know this right? If not I can provide some links to scenarios where FINRA has made simple corporate actions difficult.
My guess here is they have put out an "under promise over deliver" timeline.
For long shareholders there is plenty of positive in the letter.
I guess everyone sees what they want to see.
Most of the doom and gloom I often see makes it sound like the sky is falling.
Clearly it is not.
On the contrary it sounds like PCT has pushed through difficult times and has some positive momentum moving forward.
For sure. But in the meantime it sounds like positive momentum is growing in both healthcare and O&G.
Shareholder letter 8K filed with SEC
Filing https://www.sec.gov/ix?doc=/Archives/edgar/data/1119897/000155479523000008/pctl0112form8k.htm
Link to letter https://www.sec.gov/Archives/edgar/data/1119897/000155479523000008/pctl0112form8kexh99_1.htm
Pretty good update on many fronts.
Those are good numbers, consistent/stable production as expected.
This one is quite a bit different than SIAF and the whole Solly fiasco. Solly turned out to be a stubborn one man wrecking crew. Not the case here.
There are issues for sure, and reasons to be concerned. But there is enough verification and legitimacy to be confident of a positive result IMO. They have been working on this for the past two years after being completely silent for multiple years. Worth waiting to see where it lands IMO.
I am still waiting for a logical explanation and precedent behind this idea that the spinoff shares will not be given to PCTL shareholders as is standard procedure for spinoff dividends.
It's quite simple really. A corporate spinoff involves distribution of shares to shareholders of record. Spinoffs are a common occurrence and I have never heard of a spinoff that required shareholders to do anything to receive shares in the new company (other than own parent company shares). Hence the word given. If anyone wants to provide a precedent or protocol where a spinoff distributes shares only to existing shareholders who pay a fee or some other barrier, I would be happy to be educated on this.
If you want to argue that PCT will not complete the spinoff, that's a different discussion.
And I have no interest in arguing about past failures. You are correct... many failures. We all know the history.
OMG you are so right... thanks for pointing out the error of my ways. I am so sorry. How could I make such a grievous error!
You are correct Merriam-Webster does not say "gifted" it says "give out". I stand corrected and apologize for my error.
https://www.merriam-webster.com/dictionary/distribute
I guess it's fair to doubt whether or not they will complete the process but they have indicated the intent to register and list the spin off shares.
And as for gifted- see my other post. Dictionary says gifted is a valid term for distributing. I would be shocked to learn of a scenario where shareholders are required to pay for spinoff shares they are already entitled to as shareholders of the parent company. IF you know of such a scenario, please do share.
Word games...
It was in the PR from a few days ago.
As RD has also answered, the dividend is still on the table and the company has said they intend to restart the process after becoming SEC reporting. With yesterday's filing with the SEC we now expect to see movement on the dividend. Unfortunately many questions remain unanswered. They still have not disclosed the asset value of the off balance sheet assets expected to be spun off in dividend, and how shareholders will benefit.
But the huge value expectation has not changed. This stock has always been a long wait, I had hoped we were nearing delivery but now I am thinking the wait goes on. I still expect the patience will be rewarded but the timing is very much an unknown.
Trying to make sense of it. What explanation can there be? Surely they can't just eliminate the assets entirely can they? What about the dividend plan? So many questions...
They filed audited 2021 and 2020.
Guess we see what happens next.
We know they still intend to process the dividend, that should be the next step if all goes according to plan... (not holding my breath).
Now we know where Huirong Zhang came from- he was a part of the parent company. This is the first I have seen this documented.
https://www.sec.gov/Archives/edgar/data/1123312/000112331223000002/offering_statement.pdf
Audited financials... but nothing on the off book assets??
https://www.sec.gov/Archives/edgar/data/1123312/000112331223000002/audited_financials.pdf
More from BIOT/IREEM
https://www.prnewswire.com/news-releases/biotech-acquisition-company-announces-plan-for-new-sponsor-to-make-additional-contributions-to-trust-account-upon-approval-of-proposed-extension-amendment-301713915.html
Today's filing-
https://www.sec.gov/Archives/edgar/data/1825413/000121390023000798/def14a0123_biotechacq.htm
Things seem to be progressing and moving forward.
$PCTL PR out
https://www.globenewswire.com/news-release/2023/01/03/2582325/0/en/PCTL-Subsidiary-21st-Century-Energy-Solutions-Announces-Customer-Updates.html
Several key updates including spin off plans for 21st Century Energy
Yeah nice. Pretty good size bid sitting there right now.