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Oddly Express movie is back and already made another $30,000!
https://www.maoyan.com/films/1396716
Ignore the comic noise, folks!
Interesting!
You mean tomorrow Tuesday, right?
LOL...I know. That is why I mentioned it was a digital money transfer method.
But I think the "venom-ed" that I jokingly said, is more suitable here for the occasion after what happened to the shareholders after the settlement win.
It could be a typo...I doubt if it had anything to do with that digital money transfer. It was probably meant to say ...he venom-ed me!
Lucy is learning that there is nothing wrong with ABQQ being on the OTC and in fact there are some of the LARGEST and most reputable companies in the world with tens and hundreds of BILLION dollar market cap that are already on the PINK and so there is nothing wrong with being on either the PINK or the QB!
Ignore the comic BS against the company, folks!
Happy Sunday to all shareholders!
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My neighbor is a ABQQ shareholder too. He was telling me how he really liked the Lucy's joke below...
Company can pay hundreds of thousands of dollars to pre-pay many loans but but it doesn't have money to pay the auditor...
His son just burst of laughing and said...it must be from the Fantasyland Accounting firm's crystal ball...and then...
Happy Saturday to all shareholders!
$ABQQ
You are correct. Company has paid a lot of debt so far...thanks to the movie revenues. I see Ping already kindly shared the list with you.
BTW, the company debt paying has been only happening in the real world. In Fantasyland, Lucy is just getting an eye exam for the distorted vision that no debt has been paid off.
There is similar information about Chinese business culture that are just a google search away.
But, I want to share this Academic serious research about it with the board here. This information "could" explain the news in company’s 8-K that was just released. IMO
28-page Report - Understanding Family Businesses in China: the Path, the Trend, and the Future
Here are some highlights…
"About 85% of Chinese businesses are family business
Chinese people are long-term oriented, plan ahead, and develop and maintain lasting relationships with their business partners. …
Over the last four decades, Chinese family businesses have shown steady and healthy growth, becoming a key driver of Chinese economic development (Figures 3 & 4). With a presence throughout the country and operating in a wide range of sectors, China’s family-run companies provide a wide range of opportunities for global investment and collaboration…
Meanwhile, cultural values are also expected to shape the post-pandemic strategies of Chinese family businesses in terms of setting long-term visions and strategic goals, building synergy with business partners, reserving more cash fl ow for risk control, developing a close relationship with the government based on trust, and so on…"
https://docs.ie.edu/university/Chinese-Family-Businesses-Report_IE_Cheungkong.pdf
Well until we know or hear what is going on in the company all we can do is wait for the news or the results.
BUT, one scenario could be... Deng was not happy with the delay in financial reporting and just got someone who he can trust and better communicate with.
According to the recent 8-K...
Vella Deng
Ms. Deng in past 5 years, the accountant director of Free Productions Limited in Hong Kong and China.
Family business is a well respected and centuries old tradition in China.
"Culture in family business is a set of values, norms and standards that influences how members and professionals work to achieve their mission and goals. ... The virtue of these shared values and common culture is that they increase integration and improve coordination among institutional members"
$ABQQ is in the business of movie production/sales, Streaming Service, and its newly developed NFT platform!
“NFTs will become bigger than bitcoin because of their ability to record property ownership, Kevin O'Leary says”
https://www.yahoo.com/finance/news/nfts-become-bigger-bitcoin-because-194055944.html
“GameStop’s stock soars over 30% after hours, and Reddit crowd cheers, after report of plans for NFT platform”
https://www.marketwatch.com/story/gamestops-stock-soar-over-30-after-hours-thursday-and-reddit-crowd-cheers-after-report-of-plans-for-nft-platform-11641509212?siteid=yhoof2
I follow the Chinese covid situation closely. Currently, they are only locking down two cities there...one with 13 million population and the other one with one million. That is a drop in the pool when we are talking about a 1.4 billion people country.
Apparently, the Chinese government finds such strict requirement necessary to maintain the wellness and security of a country that has 1/5 of the world population. Otherwise, they can quickly lose control.
CEO has bought shares on the market multiple times so far and company currently has offices in Hong Kong, Singapore, and New York. I think CEO sees/knows something that we don't.
We shouldn't also forget that company has Streaming Service that can only get more popular and used if more public attendance restrictions are imposed in China. Online entertainment will be the only option for 1.4 billion people to be entertained if the covid restriction even gets stricter in China. The same COVID effect that we saw in popularity and use of online services like Netflix, Disney, etc. in our country last year.
Only time will tell.
There is also a possibility that at least some of the big news that shareholders are waiting for may get announced AFTER the upgrade to OTCQB to fully take advantage of the big investors. Just a thought...
And, this PCTL nice revenue stream will only increase over time when company will have more similar contracts with some of thousands of existing oil wells out there.
I see this royalty plan as potentially lucrative as some of the gold royalty companies out there. They also started small and grow their royalty business over time and become giants in their sector.
Thank you and you are absolutely right, papadedavid! Here is a glimpse of what PCTL is up to in the healthcare sector.
I cannot wait to see the impact of 2.25 million dollars raised fund in increasing the production of these machines, especially the newest one with much higher capacity, and its impact in securing some good business contracts in the Oil & Gas industry!
PCTL's Annihilyzer Explained
Facts about the company always beat the unverified, worthless void of fact claims against the company.
12/13/2022 Oil Results From Grassy Creek Field Trials
December 13, 2021 – LITTLE RIVER, SC – (BUSINESS WIRE) – PCT LTD (PCTL OTC Pink) After months of lab and then infield testing and characterizing results from systematic modifications and combinations of fluids, temperatures, and concentration levels, (parts per million) a stimulation procedure and protocol were established, and four wells were selected for a 14-day test. First, a baseline of production was established by pumping the unstimulated wells for 7-days yielding a non-economically viable average production of 1% oil. For the next 14-days, the wells were stimulated by injecting our protocol of fluids. Day one of the test the oil cut was 1% oil, 99% water. We then began our stimulation protocols and the wells were pumped into a 100-barrel test tank. During the fourteen days the daily cuts were recorded and ranged from 6% oil to 22% oil with an average oil cut of 14.5%, an increase of 1440%. To put these results into perspective: A) 1% oil cut would equal one barrel oil, ninety-nine barrels water with a value of $60/barrel after gravity reduction. B) With an average oil cut of 14.5%, the wells produced 14.4 barrels of oil and 85.6 barrels of water per 100 barrels of production. At $60/barrel, this equates to $864.00. This result is economically viable. In early January 2022, we will be conducting a new 14-day test using PCT’s newly developed Catholyte generator. This generator produces our proprietary catholyte at an increase of 300% in parts per million (ppm) and a 500% increase in volume of catholyte produced. We anticipate an increase in oil cut and expect to see much greater results than we had in the December 6, 2021, testing.
It is easy to debunk nonsense against the company and its products.
PCTL's Annihilyzer Explained