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The name calling and general derision has been emboldened by the rule changes. But that doesn't mean it didn't exist for a long time now. It has been happening for a long time in various forms, it is dishonest to suggest otherwise. Under the previous TOS those posts may not have stayed for long, but the sentiment was clear, and the result was that anyone interested in actual discussion around the facts went looking for other venues.
As for my viewpoints, I am not going to get into it, as I know from experience that honest discourse can't be accomplished with nuance here. I have said many times that PCT needs to deliver. So far they haven't. On that we can all agree.
You only have to read back through the past few days of posts to see this is false
The name calling and general nastiness exhibited is a good example why many longs have gone elsewhere for more healthy dialogue, without the vitriol. It's a shame that honest discussion about PCTL centered around the facts is not welcome.
Thanks for the update, looks great!
Agreed. Hitting the Expert Market was a very real concern. That risk seems to have been mitigated.
Float updates are treated different than shares outstanding updates I believe.
Shares outstanding is unchanged since March 31.
The float number matches the unrestricted number, as it should. So I believe the explanation here is just that the number didn't update since November.
It's been 8 months since the last update to the float. During which time we already knew that many shares hit the market. This update should be no surprise to anyone.
Correct, float is updated from previous 680K
$PCTL
— OTC Updates (@OtcUpdates) July 17, 2023
💰0.0016
Pink Limited, AS: 1.0B, OS: 892M, US: 818M
Officer(s) Removed:
🔴Accounts Payable, Accountant
🔴Thomas C. Kane, Other
Public Float Updated:
🔴 680,874,181 (2021-11-12)
🟢 818,482,333 ...
Full Details: https://t.co/RVKMiR3Kfb
Did I say they complied with anything? I did not.
Just reporting the facts as always. You are correct that PCTL is no longer an SEC reporting company. That is not in dispute.
Not big numbers by any means, but they did sell more product in Q4 than the previous 9 months for 2022. That's probably related to EOR fluids (my guess).
Product sales
Through 9 months 2022 = $111K
Full Year 2022 = $240K
Fourth Q 2022 = $129K
Other revenue lines were stable, resulting in Q4 being the best quarter of 2022.
Yeah, it's not pretty. I wasn't expecting it to be. No one who is being honest should have expected it to be.
Annual Report filed with OTCM
https://www.otcmarkets.com/otcapi/company/financial-report/376431/content
Not true
It is also the first step in the process to convert to OTC Markets ARS to continue trading as Pink Current.
MANY companies have done this in recent years, especially the past two years since recent changes.
It's an assumption. But it's the first step in the process for companies that do it. And many have done it in recent years. I don't talk to the company so I don't know for sure that they are doing it. But it's a pretty obvious indication IMO.
Not true. Alternative Reporting does not = disappearing
There are many companies doing just fine under this category. I am not sure the current stats, but a few years ago there were around 8,000 ARS companies. I expect that number is even higher now.
Looks like PCT is switching to Alternative Reporting with OTC Markets.
Form 15 filed
sec.gov/Archives/edgar/data/1119897/000155479523000211/pctl0713form15.htm
The results will speak for themselves. And for those who are paying attention, the signs of success are already starting to show. Yes there have been difficulties and what some might perceive as failures and disappointments along the way. But the journey continues, and we are all here together rooting for the growing team that is working to build a future of sustained success here.
Just saw BDCO hit 5, congrats to those holding here!
Tomorrow is June 30, that is the deadline for the merger to be finalized, correct? Seems awfully quiet lately, wonder if we get any updates on the situation? I am mostly just an observer, holding a small stake out of curiosity here.
Correct, I think it is pretty certain that the preferred dividend is not getting past FINRA. So now we will need to see what they are working on from here. It's likely that parent company still wants to accomplish something here, so I still believe it will be worth the wait.
Thanks so much for the daily service of reporting share price changes and the actual value traded. So great to have these play by play updates, usually within minutes (sometimes seconds) of trades, or right at the bell.. What a gift to the PCTL board. I don't even need to check my trading platform screen anymore, I can just come here. Much appreciated!
I just received this in a message from the company-
Results will speak for themselves. I know you have been providing updates, things will become more clear as things move forward.
My opinion hasn't changed, it's always been a hold until they deliver for me here. It sounds like they already have a plan B if they decide to move on from the dividend approval with FINRA.
Excellent update. Thanks again for keeping everyone updated.
I can’t speak for others, but I can speak for myself. I have always been forthright and honest here. I don’t appreciate being accused of being a liar (yes I can read between the lines).
I have always shared the facts and verified information that I am able to find related to PCTL. I do the same elsewhere, with the goal of fostering honest discussion based on the known facts at the time.
It’s easy to look back at all the missteps by PCT and call it all kinds of things. Specific to the Nigerian deal, I did what I could to look into the entity in question at the time. At the time I was able to verify that they were registered and permitted with the relevant authorities. I came here and said that I looked into them and thought they looked legitimate IMO. Now, given the benefit of hindsight and time, I have many questions about the entity.
But I have not and will not ever be dishonest with anyone.
Thanks for the clarification. Great update and progress.
Is the plan to pay .25 per quarter for each of the 4 verticals, making a total of $1 per quarter? Or .25 total per quarter?
Thanks for keeping the board updated here. Much appreciated. Sounds like things are moving forward nicely.
Wish I had the guts to buy this morning. It's going to be interesting to see how things play out here. Still holding a small position.
yes, this is more the activity I was expecting to see. The veracity of the facts is a different discussion. Just was commenting on the disconnect between TMNA and TIO earlier today
Interesting that TMNA is climbing today while TIO is crashing? Not finding any reasons why?
White & Case is a legit law firm, 7th ranked in the US
https://www.law.com/americanlawyer/law-firm-profile/?id=321&name=White-%26-Case&slreturn=20230508095832
Clients include names like - Morgan Stanley, Panasonic, Pfizer, Toshiba, Boy Scouts of America
https://www.chambers-associate.com/white-case/true-picture/3672/1
This seems like a serious response to me.
Did I miss the "bombshell"?
Seems like yet another example of dramatic nonsense with no basis in reality or facts related to PCTL....
It is good to see the company remains engaged and committed to getting something done here. I remain hopeful that we will eventually see significant value here for those who have endured. Personally I am really hoping they can accomplish something sooner rather than later.
Good that they are moving onto plan B. Hopefully whatever their new approach is will proceed more smoothly.
That will take time, and it sounds like they will respond in detail, it says so in the PR. It’s good that they said some thing in response to least. We’ll see what comes tomorrow with the shareholder meeting, should be interesting.