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Yeah I know it really SHOULD be even higher than $10/common share. Hard to put that into words without seeming totally crazy haha! I did say $10+ though, should have put more emphasis on the +.
With the dividend being 1 preferred for every 10 common, the $10 I referenced is common value, meaning $100 per preferred share ($10 x 10)
Friendly word of advice to an old "friend".... still time to buy shares and participate in the dividend. With FINRA 25% rules, ex-date should be one day after pay date.
It's hard to say.
The expectation is that the dividend is a part of a bigger plan to account for the off-balance sheet assets, which going back several years is related to the $2B asset swap. RD is the expert on the value there. I really only started paying close attention here after the swap occurred.
With that being the case, the question is what SHOULD the value be vs. what WILL they actually do here?
There SHOULD be value in the $10+ per share ($100 preferred) range. Not sure we WILL get that though. But my personal expectation is multiple dollars per common share in value.
There is still much yet to be determined, not only what will the value be, but what is the plan once the dividend is cleared and distributed?
The preferred share distribution is really only step one of what should be a multiple step process to resolve the past assets.
Thanks for sharing. I know from past history that you have always been forthright with what seems to be first hand knowledge of PCT and its past. Even though I have not always liked what you have shared it has come across as truthful. Unfortunately the facts are often dismissed and met with derision if they don't line up with the prevalent false narratives, whether positive or negative. As one who works hard to find facts, I appreciate those who are also looking to center the conversation around the facts, whatever they may be. Thanks again.
Agreed, I feel the same way. So much has changed for the better here.
Biggest reason not to sell though is that the dividend details are still unknown. It's very likely that the ex-date will be one day after the pay date, according to FINRA rules on greater than 25% value distributions.
It's crazy that FINRA doesn't handle these things better, creating all kinds of confusion and opportunity for investors to miss out. But here we are.
Website looks great! Thanks for providing the update.
My only response would be to say that most intelligent investors following PCTL are very aware of the situation, and have been for some time. Most honest investors are very aware that things have not gone as hoped or expected for PCTL. This post makes it sound like a sudden discovery or revelation, with statements like -
FINRA sets the ex-date.
RD is the dividend date expert around here, he can give more details.
But my understanding is that because it is a special dividend with expected value greater than 25% then the ex-date will be likely one day after the pay date, which in this case is March 31.
Here is a link from FINRA. See point (b) number 2
https://www.finra.org/rules-guidance/rulebooks/finra-rules/11140
Actually, I do believe there was something being discussed at that time. Gary's statement about seeking a new CEO was during the same time period that Mike Sims came into the picture and mentioned that he was about to take over an unnamed company on a youtube podcast. Doesn't take much connecting of the dots to come to the conclusion that he was referencing PCT.
Who knows what actually happened there, but I don't believe the statement at the time was "lip service". I call it one of many statements that were premature and never materialized.
That could be, I had thought something briefly appeared for investment bank back when they were making lots of changes to the OTC profile. But it didn't stay long. And I could be completely wrong, there's been so many things to follow and track here. Doesn't really matter anyway.
What matters is that now Merrill Lynch is listed and your suggestion of them being involved with payout makes complete sense.
Yeah makes sense. I am trying to remember who they had there before. I am pretty sure there was another name that briefly appeared in that spot last year and then disappeared.
It will certainly will be interesting to see how this plays out.
Yeah I suppose that's true. But they are working towards something here and the dividend process is keeping them from whatever their end goal is. So I expect them to do whatever is necessary to complete it.
I agree that all of this doesn't matter to some degree. All we really care about is the dividend. I am feeling more optimistic that it will get done. Not sure about this month, but they seem to quite serious about moving forward with their plans for the company. And that's why I think some of this other stuff matters somewhat. And for me I find it interesting, gives me something to do while we wait, haha.
Just did some looking into Mike (Ming) Mao, not sure why I haven't spent much time on him yet.
He has been listed as VP of Yasheng since last summer. He is also CFO of Jove Therapeutics (Yasheng subsidiary)
Here is what it says on the crowdfunding profile-
Thanks. I have never been a fan of Gary's handling of the company and have agreed with criticisms, many are much warranted. Despite that I have believed that the product and others on board could still deliver value for shareholders. Still holding out hope. I am a long term investor and will stick it out.
I see... reading between the lines here, it seems as though I am being labeled a "paid schill"?
That's funny, considering that I have said many times that I have no contact at all with PCT or anyone who works there. I don't talk to them, nor do I care to. I reached out to Chesapeake recently for the first time ever, simply to verify if they were still working with PCTL. But that's it... no other communication with the company or with IR.
I only do what I do to contribute to the investor community with information I find. I do it on other stocks as well. I dig deep and share freely.
I have asked a few times for a definition of "paid schill"... So is that the definition? An active long investor who supports the company through pointing to facts, links and other publicly available information? Kind of strange if you ask me to cast that label for what I had thought was normal activity on a place like this.
I stand by my research I have shared here over the years. I will ask again- if anyone wants to challenge any of the details please speak up and lets look at the facts. Give me a name and I will look into what I have, or if I have nothing then I will see what I can find. With the benefit of hindsight it is easy to look back at all the failures that were distributors. But at the time we just had threads of info and links to go by. Everyone of them was legitimately setting up business from my point of view. As said before, I would be happy to share archived links to go with it.
As for the Nigeria deal... I was the one who said I looked into them. I will own it. I did look into them via a trusted source last year (third party... I don't talk to the company). I was told they are a permitted and registered company in Nigeria. So at the time that was sufficient for me, I was convinced they were a legitimate company. Now of course now we know the deal did not pan out, I have not been able to find any info on them or the deal since. So what does that mean? Who knows. Does it mean the whole thing was a scam? Maybe? Or it could mean the deal fell through for a multitude of other reasons, deals fall through all the time, especially international business deals.
I have always looked for honest dialogue and discourse with the investor community. Usually I have found it to be enjoyable. But being falsely accused is not appreciated. I am just a common everyday small time investor who likes to contribute to what once was a friendly investor community. The personal attacks and vitriol is one of the reasons I have looked to other venues for regular discourse.
That's an entirely new allegation. All I know is that for nearly all of the distributors that were in process with PCT at one point, there are legitimate links to show they were real and in business at one point.
PCT has acknowledged that the distributor system was a problem. Whether or not this allegation is true? I have no way to verify or investigate that one, seems like a bit of a stretch with no facts to support it.
No argument on the failures, many of them did. But I would like to see the facts on the alleged "fake" distributors?
I have links and bookmarks saved on nearly all of them showing that they did in fact attempt to establish business. Most of them would only be accessible now through archives of course.
But for the sake of honest discourse, can someone provide a list of the "fake" distributors? Or maybe this is one of the many false narratives perpetrated often with no factual basis?
Trying to get cheap shares, they know those days are numbered.
Looks like HERB has just verified the OTC Profile page and made some minor updates
- Darong Liu COO removed. Not sure if he was active in this role at all anyway? Appointed with others in 2017, can't really tell what kind of role any of them actually have.
-Principal office address updated to Fortune Dr address. Had only been China address before.
They have been working on this dividend for two years.
Here's a pretty good resource from several years ago, from before the company went completely silent.
https://seekingalpha.com/article/4002968-why-mr-market-is-wrong-extremely-low-valuation-of-this-government-owned-agricultural-company
If anything the value has increased on the assets since this was written.
Anyway, this is a long term hold, not an easily tradeable company. I have been here for years and I am holding for dollars as are many others here.
Looking like we are getting close though to some real action.
Hey there... do some research perhaps?
Nice gain for you... if you don't like a 1-200% gain not sure what to tell you.
There is tremendous value here for the patient. $2B+ in assets likely to be accounted for in the dividend. Some estimates are multiple dollars per share in value at some point.
The company is not trying to entice anyone. They barely communicate at all until recently.
This stock requires patience. But even apart from the dividend it's quite undervalued by many metrics.
I believe you will be rewarded. The only real question here is timing. Signs are pointing towards things getting closer here IMO. But I am trying to stay cautious in my expectation until delivery though, as we have been through many disappointments here.
Seems like they are getting closer to checking all the boxes and getting approved hopefully.
The short delay from February 27 record date to March 7 is a good sign IMO, might indicate they have things in order. Previous times we had to wait quite a while for a new date.
As always though, we wait to see what happens next. But anyone who doesn't have your shares, now is the time IMO.
PCT DOES advocate Catholyte as a cleaning product.
In fact.... they advertise it as a partner product to Hydrolyte
Who said anything about
Depends on the scenario. In some cases Hydrolyte is approved as both, hence the EPA approved claim/statement "one-step cleaner/disinfectant." The label describes situations where it is approved as such.
It's a statement in-line with the EPA label and approved claims, already been discussed. I can show you other similar products that make similar statements.
EPA lists Hydrolyte as an approved "One step cleaner/disinfectant" Those are EPA words NOT PCT's words. How much more "properly defined" should they be?
Would you like them to put the whole EPA label description in the referenced article to clarify the one line EPA approved statement in question?
And yes PCT DOES advertise Catholyte as a cleaner.
EPA lists Hydrolyte as an effective cleaner/disinfectant.
Could I get a definition and some clarity on these supposed "paid schills"? I have asked a few times with no response.
I have looked for any facts that might point to this and found none.
As for insiders, I am curious about that too. Not sure who is being accused of being an "insider"?
I myself have kept my distance from the company, don't talk to anyone or even try to. I did just a couple weeks ago reach out to IR once just to clarify some confusion here on whether Chesapeake was still working with the company. But I intentionally avoided the PCTL.com address and went to Cheseapeake directly. So if there is a track to become a "insider" I seem to have missed out I guess.
So it has me wondering how we can identify these "paid schills" and insiders?
Does one qualify for this label by being positive about the companies prospects? Does anyone who defends the company become a "paid schill" or insider? Seems kind of unfair to label as such if you ask me...
Now as for some of the other statements in this post-
Crazy someone has a big block on the ask, they probably think they qualified for the dividend.
Shouldn't be selling now.
We need the update from the company to clarify the dividend situation.
Why would PCT pay shares for hosting an occasional podcast? That seems kind of a strange suggestion, especially since he is already getting paid as an employee. Seems like a normal activity to sit down and help record a podcast. And not sure what that has to do with the "sit on money made" statement. Did he say that on a podcast?
Thanks for the update! Hopefully we will see some movement on delivery of tangible value to ITUP shareholders soon. The SPAC delay is frustrating but understood.
Yasheng Annual Periodic document also filed just now with Colorado.
https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20211155660&fileId=20231226852
FWIW Equity Art Corp just filed their Annual Periodic Report with Colorado.
https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20201196901&fileId=20231226700
Standard doc with nothing really of interest, name on the document is David Davies, we have talked about before here. Last year's doc had HR Zhang.
Next week should be interesting, especially if we get some interest building from Twitter crowd.
$HERB Also look at this
— Angry Red (@AngryRed316) February 24, 2023
“Yasheng Group plans to pay a preferred dividend to its common shareholders (pro rata) so that every owner will receive 1 preferred share for each 10 shares owned on the record date of February 27, 2023.”
February 27 is Monday pic.twitter.com/xfH9wEQpbu
$HERB Believe we gap Monday. Looks like Monday last day for dividends, AI+Cancer news “hot sectors”, over $268m in assets, 0 notes, revenues increasing, haven’t diluted in over 7 years. I believe this runs hard Monday. But just my thoughts
— Angry Red (@AngryRed316) February 24, 2023
Well ok then!
Got the same message.
Yeah I was noticing that too
Here is one poster with 26K followers
$HERB Was just looking. This play has 0 notes, assets of over $269 million, only $2.5m in liabilities and revenue from 2021 to 2022 September quarterly increased from $3.6m to $5.7m. SS hasn’t changed in years with a 14m float. With also having AI+Cancer patent news. I mean this… https://t.co/wDilcIA4KK pic.twitter.com/4Q8KCRc1yw
— Angry Red (@AngryRed316) February 24, 2023