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Can someone please buy those 677,000 shares on the ask at 0.045? I could do it, but I'd rather someone else LOL!
I still own 400,000 shares and I'll keep them because, who knows? But these people screaming that this company is doing great, making all the right moves, on and on, are being misleading. The truth is that they're leveraging every.possible.revenue stream, yet, their balance sheet is still terrible. Debt is way higher than assets. This means that they will continue to leverage to stay in business. This means that the stock will dilute and dilute. This means that the price will go down almost 100% guaranteed. The only thing that will save PCTL is revenue, which needs to get closer to $10MM per year, at least.
Like, diluting $2.6MM worth of shares between now and March 2022 (pg 13 of 10Q) and already selling future revenue at 70 cents on the dollar, ensuring losses for the next X# of years? Those right moves? All in the 10Q. All factual. This company literally can't do any more to screw shareholders. They're selling and diluting everything that's not nailed down. This stock is screwed long-term. May get a pop here and there.
"RGGI is a leading developer..." already starts out with BS. No reason to read more.
I agree, financials are great. Especially for a penny stock. I think if they were audited (don't think they are) then we'd be at 50 cents right now.
Well...great then.
Is this one of those digital mining companies that take investor money to buy equipment and builds the balance sheet with millions worth of digital currency, but then files bankruptcy because they pay their employees too much? The employees being themselves?
Good. I'm glad people are posting about them still. Too bad the company isn't working as hard. They got their stock money and they're done. I'll probably sell my remaining shares tomorrow. But don't worry, I'll be posting!
It'd be nice if they could sell just ONE before COVID is gone. This company is dead.
There revenue has to spike dramatically though. Since they've sold their future revenue already, it will have to rise drastically to be able to absorb the debited amounts that are currently accounted for. I do still have shares, but I'm not as optimistic as you are. It's money I don't care about.
There is dilution once or twice a month for the next 6 months currently scheduled.
Page 13 (I think) of the last 10Q has 2.6 Million dollars being diluted between now and March 2022. They've also sold their future earnings at 70 cents on the dollar, so, they're GUARANTEEING losses for the next X number of years. All in the 10Q. They're leveraging EVERYTHING they possibly can for cash now and they still can't turn a profit or get a decent balance sheet. I bought because they eliminated convertible debt back in December, and I had high hopes. Since then, they've screwed any possibility of the PPS going up over time. It's most likely not going to ever happen. I still own 400,000 shares and I may keep them, but, I will sell if it ever gets to 0.014 again.
I am not trying to bash this stock, but people should know what's going on. It's only fair.
I'm thinking about dumping my remaining shares while it's still above a penny. They've weighed this stock down with too many shares. We will NEVER see 2 cents again. Sure, it could pop here and there, but next spring we will be 0.004 or so. They've diluted to the point this will not rise much. Sorry, but it's just simple math.
You might want to cut down on the coffee!
Tripling revenues in the first quarter of this year is nice. Probably bigger losses too though. Hopefully, KNOS investors will stop snoring too.
I blame everybody who bought!
This is DEFINITELY a dilution machine just like they all are. I still hold shares because scams POP too!
You strike me as the kind of person who "hears things" LOL!
Thanks. Usually I get a ton of attitude when I drop a lot of "truth". I am holding shares though, just in case, but not betting the farm. GLTY
I'm guessing they'll reverse-split soon (again) and sell like crazy (again) and not grow the company (like always). I've never seen such disregard for shareholders, even in penny-land. Dirtiest of the dirty, here.
Sometimes, it is. I think that between the selling of future revenue for 70% on the dollar, and issuing $2.6MM in convertible notes through March 2022, that they are in trouble. I'm not saying there won't be a bounce here and there, but they are heading in the wrong direction. I'm only in at 0.0133 average, so the loss for me isn't large. I feel it is important for investors to know everything going on when making their decisions. My numbers are completely factual and in the 10Q.
They're converting so much stock that the price will probably never see 2 cents again. I've been slowly selling a large position. I'll keep a few hundred thousand shares for kicks, but this one doesn't look good. New investors, be careful. Look at page 13 of the 10Q and look at the convertible note schedule.
Ah. o.035 now. getting excited here. Pre-market moves in micros is good!
I like seeing the bid creep up pre-market! That means the dogs are getting hungry! 0.0345 on the bid.
Page 13 of the 10Q shows $2,196,799 worth of convertible notes maturing between today and 5/3/2022 maturing monthly, bi-monthly. I wonder how many shares that equates to? I tried to follow it in the notes, but it's not worth calculating. It's a lot! Investors should be aware of this dilution since you can use it to roughly calculate an exit price.
They've given four away this year so far, or something like that. Off to a great start. Must be a payment plan because I don't think they have any revenue yet. Still waiting to hear about another "placement" in a local hotel.
most likely I'll buy back at 3 cents in a couple months and sell again on the pop. This is a good stock for that kind of thing!
Mr Jderaney, thank you for your response. I am unable to explain the reason for the volume. I am only aware of the conversion chart in the 10Q. It is not my opinion. It is documented in the 10Q. Have a nice night!
MrBlaBla, Thank you for your response. I am not suggesting that future increases in revenue are not possible. I am merely suggesting to make note of the large increases in outstanding shares to expect when trying to figure a sell point. Have a nice evening!
I'm just worried that they have too many convertible notes for this to ever see 0.02 again. If you look at the 10Q, the schedule exercises $200-$300,000 almost monthly in notes. They are really diluting here. Hoping for a pop to 3 cents, but don't think it CAN happen anymore.
Remind me to buy more microcaps the day they become penny stock exempt!
He is ACTUALLY selling shares in TWO traunches! He just said it! Don't say he isn't. I'm just pointing out what he's actually DOING.
They go hand-in-hand. I don't think he abuses stock like a lot of CEOs, but he has to keep investors interested. Sometimes, that takes some truth-bending. He has definitely gone to CEO school! As long as this goes up, then I don't care.
I need this to go back to 8 cents.
Aw, I'm just explaining how most penny stock work. This one looks to be the same. Sorry for the LOLing, some of the comments were hilarious!
I know! I love when a company announces that they've cleared their legal/accounting status and follow it up with a secondary offering! That's the only reason they do it! Dirty rats.
Nope, just a ton of the messages and rumors claimed as accurate! She didn't say "court documents" she said message board LOL!
"has been documented on this board" LOL!!! Good one! I forgot how accurate message boards were. I'm literally LOL'ing!
It's true, but I own shares because these steaming piles triple at least once or twice a year LOL! Then they go to zero one day.
They Pad their Pockets by issuing stock and filtering it through "Selling and General Administrative" expenses in the form of a paycheck and deposit that into their bank and then put the money in their pocket. That's how! LOL!