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NO MASSIVE DILUTION, NOT TOXIC,AMAZING GROWTH,PERHAPS LIQUID GOLD.
THIS POWDER-KEG IS GOING TO EXPLODE!
LOADING AND HOLDING, THANKS FOR THE SUB .05 SHARES TODAY. YUM YUM YUM RIGHT BEFORE 10K AND 10Q WITH POD CAST ON HORIZON. YUM YUM YUM.
Item 8.01 Other Events.
COVID-19 and FORM 10-Q
Due to the guidelines established by federal, state and local governments limiting physical contact and promoting social distancing as result of the global outbreak of the COVID-19 virus, the Registrant has evaluated its ongoing effort to prepare and file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2020. This evaluation has led to the conclusion that the Registrant expects to be unable to compile and review certain information required in order to permit the Registrant to file a timely and accurate Quarterly Report on Form 10-Q for the three months ended March 31, 2020, by the prescribed date without unreasonable effort or expense due to circumstances related to COVID-19.
Accordingly, the Registrant has decided to rely on the SEC Order and endeavor to file the Quarterly Report no later than June 29, 2020, or within 45 days after the original due date. The reason the Form 10-Q cannot be filed timely does not relate to the inability of any person, other than the Registrant, to furnish any required opinion, report, or certification.
Social distancing measures have been taken by both the Registrant’s outside accountants and its independent registered public accounting firm in order to protect the health of their employees. Further, travel restrictions have delayed certain inventory audit procedures and other items required for the annual audit and the quarterly review. All of the foregoing has slowed the accounting and auditing work required to compile and audit the Registrant’s financial statements for the year ended December 31, 2019 and the review of the financial statements for the three months ended March 31, 2020 to be included the Quarterly Report.
The Registrant is monitoring current conditions to determine a timeline to complete the inventory verification, audit and review of its financial statements for both the year ended December 31, 2019 and the three months ended March 31, 2020.
On March 25, 2020, the Securities and Exchange Commission (the “SEC”) issued an Order under Section 36 (Release No. 34-88465) of the Securities Exchange Act of 1934 (“Exchange Act”) granting exemptions from specified provisions of the Exchange Act and certain rules thereunder (the “Order”). The Order provides that a registrant (as defined in Exchange Act Rule 12b-2) subject to the reporting requirements of Exchange Act Section 13(a) or 15(d), and any person required to make any flings with respect to such a registrant, is exempt from any requirement to file or furnish materials with the Commission under Exchange Act Sections 13(a), 13(f), 13(g), 14(a), 14(c), 14(f), 15(d) and Regulations 13A, Regulation 13D-G (except for those provisions mandating the fling of Schedule 13D or amendments to Schedule 13D), 14A, 14C and 15D, and Exchange Act Rules 13f-1, and 14f-1, as applicable, where certain conditions are satisfied.
The Registrant is relying on this Order for filing of this Form 8-K on May 14, 2020, the original filing deadline of the quarterly report, and expects to file its Quarterly Report on Form 10-Q approximately 45 days after May 14, 2020.
The Registrant is diligently working towards the preparation and filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2019 (the “Annual Report”).
Due to the continued social distancing and limited travel protocols established by federal, state and local governments limiting physical contact as result of the global outbreak of the COVID-19 virus, many of the Registrant’s service providers (accountants, attorneys, auditors) are continuing to work remotely on a limited basis. This has slowed the accounting and auditing work required to compile, review and audit the Registrant’s financial statements for the year ended December 31, 2019 to be included in the Annual Report.
INCREDIBLE GROWTH ANNOUNCEMENT COMING. + PCTL ALWAYS FILES LATE, NO WORRIES HERE. M/O = THEY GET THE STOP SIGN --- PCTL FILES AND THE STOCK SHOOTS UP! HMMMM ABOUT 800% IN MARCH.... LETS SEE WHAT HAPPENS WHEN 10K AND Q FILE...
They wouldn't have a podcast prior to 10k IMO, maybe 10K close of business with PODCAST after. LOAD AND HOLD FELLOW PCTL LONGS.
The chart shows consolidation and indecision past couple weeks and rightfully so, which is not a bad thing considering you could toss a dart the past week + and make good money. I’m a milly+ shares into PCTL and was considering selling to make a quick buck on Airlines / Cruise ships over IMO BS news and jump back in however this stock is a powder-keg and its going off soon. The indecision will end once 10K and more important 10Q post. Chart shows nobody really wants to sell because news is coming, really good news.!!!!!
CHART IS A BIG SMILING FACE!!! LOAD AND HOLD
Loading and Holding, Now is the TIME!! Will make believers out of all the “non-believers” soon!!!! GOING TO BE A GREAT SUMMER!!
Amazing CEO, Amazing Q1 earnings coming and even better Q2 2020, Amazing growth, Amazing partnerships formed, Amazing “buy in” from the leading hospitals in the country, Amazing future deployments, Amazing stock price jump coming soon!
ONCE 10K FILES THE 10Q WILL POST SHORTLY AFTER - LOAD AND HOLD!!!!! AS MENTIONED PCTL ALWAYS FILES LATE, NOTHING TO WORRY ABOUT - WITH COVID AUDITS ARE DELAYED WITH MANY LEAN AND MEAN UP AND COMING COMPANIES! DRUMS ARE BEATING, FEELING GOOD ABOUT POSTING BY END OF WEEK!
Yahoo Finance PCTL is 1 of 4 Micro-Cap Stocks To Have On Your Radar
CEO APRIL 23RD "We are in a position as a company on a cash flow basis to cover the burn-rate," said Grieco. "So, we finally have free available cash flow," "we'll be growing certainly this month and into the foreseeable future," shared Grieco.
Gary Grieco “PCTL has been on an accelerated pace towards profitability and is preparing for double-digit growth into Q2 and beyond.”
“The demand for our products has been nothing short of explosive,” explains CEO Gary Grieco.
“Growth has been tremendous,” says CFO Marion Sofield, adding that the company is expecting to report record sales and revenues in Q1 2020.
“We’re adding additional production and support personnel to our growing team,” says PCT Corp. President Bill Prince. “Currently, we are focusing our efforts on providing a much-needed solution for our clients and our communities. Our disinfecting solutions offer an elevated level of safety for patients, healthcare professionals, and support staff to be around; while at the same time providing an effective weapon in the fight against infection.”
Grieco noted that dilution occurred prior to January 2020, but shared that any shares that are currently being issued are meant for growth.
Grieco shared that the Company has faced major challenges with success and is now on a rapid growth path"
PCTL ALWAYS FILES LATE. WHY IS THIS A SURPRISE AND FRUSTRATING TO PEOPLE? LOAD AND HOLD, STOP WHINING
ALL GOOD NEWS
LITTLE RIVER, S.C.--(BUSINESS WIRE)--PCT LTD (OTC Pink: PCTL) is pleased to announce they have added another company to their growing distributor network. BOX Bioscience (www.boxbioscience.com) of Mount Pleasant, SC with operations in North Carolina has recently been approved as a level three distributor.
“We see a growing need across many regions and industries for our product and that continues to generate a high level of interest from potential distributors.”
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“We were very excited to learn of this distributorship opportunity because our business was seeking this type of high-quality source for HOCl,” states BOX Bioscience CEO, Ryan Cowell. “Now we’ve found it with PCTL.”
Cowell further expanded, “Our team arrived at the facilities in Little River, SC and spent a good deal of time learning about PCTL’s equipment and fluid solutions. When we left, we had secured our business agreements and made arrangements for the delivery of our high-volume equipment on that same day.”
“We’re happy to welcome BOX Bioscience into our growing distributor family,” says PCT Corp. President Bill Prince. “Their knowledge of this market space coupled with their current business operations give them an advantage. As a level three distributor, BOX joins a select, but growing group within our distributor network.”
The company currently has three levels of distributorships, with active entities operating at each level.
Level 1. A level 1 distributorship is a reselling distributor. Companies at this level purchase fluids from PCTL and resell it under the Hydrolyte® name.
Level 2. A distributor at this level requires a supplemental registration with the US EPA. At this level, distributors are purchasing larger volumes of fluids than level 1 distributors. Distributors at this level may resell the product under the Hydrolyte® name or white-label the product under their own brand.
Level 3. The highest level, distributors at this stage are similar to distributors at level 2; however, these companies are producing distributors which generate fluids for resale under their own brand. Distributors at this level also typically enter into a system and service contract for ongoing service of their equipment.
At all distributorship levels, companies undergo a vetting and training process. Specific terms may be unique for each company; however, the typical distributor agreement includes a distributor fee and a minimum quantity requirement for sale and/or production of fluids. Royalties, equipment service contracts, and other terms may apply based on the distributor level.
“We are continuing to expand our network,” Bill Prince explains. “We see a growing need across many regions and industries for our product and that continues to generate a high level of interest from potential distributors.”
“We have been firing on all cylinders,” says PCTL CEO Gary Grieco. “With our growing network of distributors, additional healthcare installations, and growing interest in other sectors, we’ve been able to diversify and grow our revenue streams dramatically these past several months. Sales and revenue in Q2 have been strong on all fronts and look poised to carry through the end of the quarter and throughout the year.”
The company is also providing an update on additional hospital installations in New York City. Relating to a previous release, installation of PCTL’s Annihilyzer® Infection Control Systems commenced with an installation last week (week of 5/24). An additional installation is being performed today, June 5th. Both installations occurred within large hospitals owned by a major NYC healthcare system and were performed through PCTL’s primary healthcare distributor ACE Janitorial Services.
In addition, the company continues efforts to finalize its 10-K annual report, currently past due, in coordination with outside accountants and its independent registered public accounting firm.
“We take very seriously the importance of getting and remaining current with regard to our filings,” says CEO Gary Grieco. “We are also aware of, and take very seriously, the potential effects on shareholder value. We remain committed to our shareholders and thank them for their patience. Rest assured that tremendous effort is being made on all fronts to complete our annual report and to file it as soon as it is completed, and consent from the auditors has been obtained.”
BE NICE TO SEE THAT 10K END OF BUSINESS AND THE 10Q NEXT WEEK. AUDITING OF THE 10K DELAYED TO COVID 19 RESTRICTIONS, COMPANY IS RUNNING LEAN AND MEAN, WOULD REALLY LIKE THAT 10K TODAY COB.
CHART LOOKS PERFECT RIGHT BEFORE THE 10K AND Q!!! TWIN PEAKS, TEA CUP AND NOW THE EARNINGS. STOCKS GOING TO MAKE A LOT OF PEOPLE A LOT OF MONEY!
LOAD AND HOLD – ANY DAY NOW PCTL!!!!!!!! EARNINGS WILL BE RECORD BREAKING!!
We are pleased by the results, yet they are still not indicative of the significant growth we are currently experiencing.
"We are in a position as a company on a cash flow basis to cover the burn-rate," said Grieco. "So, we finally have free available cash flow," "we'll be growing certainly this month and into the foreseeable future," shared Grieco.
Gary Grieco “PCTL has been on an accelerated pace towards profitability and is preparing for double-digit growth into Q2 and beyond.”
“Growth has been tremendous,” says CFO Marion Sofield, adding that the company is expecting to report record sales and revenues in Q1 2020.
“The demand for our products has been nothing short of explosive,” explains CEO Gary Grieco.
"The stock market is a device for transferring money from the impatient to the patient." - Warren Buffett. – LOAD AND HOLD FOR GOLD – ANY DAY NOW PCT!!!!!!!!L - “
A REAL INVESTOR COULD FART ON THIS STOCK TODAY AND MAKE IT GO UP, WAIT FOR THE 10K AND Q, MULTI MULLION SHARE BUYS COMING SOON, LONG GREENS!
PCTL LONG AND STRONG, LOW VOLUME AWAITING THE 10K AND MORE IMPORTANT 10Q, THIS STOCK WILL ROCKET SOON!!!!!!!!
MAYBE WE SEE THAT 10K TOMORROW. LOOKING GREEN ON LIGHT TRADING, WHILE THOSE DRUMS ARE BEATING. AND THE 10Q NEXT WEEK
APPLE NEWS -
LITTLE RIVER, S.C.--(BUSINESS WIRE)-- PCT LTD (OTC Pink: PCTL) is pleased to announce they are continuing their expansion efforts with additional hospital installations and have reached distributor agreements with three new entities.
Two of the new distributors will operate in the western United States (California and Utah primarily) while the third distributor is based in South Carolina, shoring up the company’s existing presence in the state.
“All of our potential distributors undergo a thorough vetting process,” says PCT Corp President Bill Prince. “We are looking to form strategic partnerships that will help us expand our existing presence; or establish a foothold in a new territory that we’ve identified.”
“The businesses we work with are looking to maintain their competitive edge as they establish their own sales and distribution channels,” says Bill Prince, explaining why the company often declines to mention their distributors by name. “There’s a lot of competition out there in the disinfection space. Especially now,” adds Prince. “We have a tremendous amount of confidence in the businesses and people we work with.”
Geographic expansion is only one of the areas the company focuses on when selecting distributors. “We’re also looking to expand industries,” says CEO Gary Grieco, adding that the new distributors operate in diverse industries, including medical supplies and equipment to industrial and commercial services.
The companies will commence fluid sales shortly, with the possibility of at least one distributor expanding to produce their own fluids down the road.
“We couldn’t be happier to welcome some new members into our distributor network,” says Grieco. “Demand for our fluids has been increasing rapidly. Expanding our distribution channels helps us to meet that demand on a large and growing scale.”
The company now has at least 10 distributors and sub-registrants for its EPA-approved solutions, in multiple states as well as internationally. They continue to vet interested applicants in their distribution pipeline and expect to continue to add to their growing network of distributors over the next several months and into the foreseeable future.
The company is also announcing a new hospital installation. Following up on an earlier release from April 14th, installation in a large NYC area hospital is expected to commence early next week through PCT’s primary healthcare distributor ACE Janitorial Services. Two additional installations are scheduled in NYC hospitals over the following weeks.
“We’re excited to be able to move forward with these installations and help these hospitals in their fight against infectious disease,” says PCT Director of Healthcare Darryl Patterson, adding that recent travel restrictions and quarantine protocols in New York State have slowed the company’s installation activities over the last two months.
“Our new rack-mounted systems are well-suited for the current healthcare environment where quicker, less labor-intensive installations are ideal,” says Patterson. “Credit is due to Stuart Emmons, P.E., Executive VP for Engineering and Research & Development and his department, who have worked tirelessly to design and build these new systems.”
The Annihilyzer® rack-mounted system provides the same capabilities of monitoring, tracking and volumes of fluid solutions produced as the flagship cabinet model. However, the rack system fits into confined spaces for greater installation flexibility and allowing even more areas within hospitals to be serviced.
“Cabinet model installations may take up to five hours to complete,” explains Patterson. “With the new rack-mounted system, installations can now be completed in under an hour.”
Additional hospital installations of PCT Corp.’s Annihilyzer® Infection Control Systems are expected to continue throughout the end of the month and into the summer.
“Our fluid sales and distribution activities have helped facilitate growth and business expansion,” explains CEO Gary Grieco. “With our hospital installations now on track as well, we’re full steam ahead on multiple fronts. It’s a very serious, but exciting time for us.”
OTCMKTS:PCTL BOASTS A FAIRLY STRONG BALANCE SHEET AND PLANS TO LIST ON A MAJOR EXCHANGE
PCT Ltd has a fairly strong balance sheet. The company has $4.6 million in assets against just less than $1.0 million in debt. In January, the company secured a financing deal for $0.5 million to fund its development programs. For example, the company wants to hire more sales people to enable it grow its revenue faster and move toward profitability quickly.
At the same time, the company plans to upgrade the listing of its stock to a national securities exchange like the NYSE or NASDAQ. That would increase its exposure to large institutional investors while making future fundraising easy and cheaper. Moreover, listing on a national exchange would increase the stock’s liquidity, which would be a big plus for shareholders.
BOTTOM LINE
OTCMKTS:PCTL looks well-positioned to ride the coronavirus wave. While the stock has already made big gains, it has more room to run.
OTCMKTS:PCTL BOASTS A FAIRLY STRONG BALANCE SHEET AND PLANS TO LIST ON A MAJOR EXCHANGE
PCT Ltd has a fairly strong balance sheet. The company has $4.6 million in assets against just less than $1.0 million in debt. In January, the company secured a financing deal for $0.5 million to fund its development programs. For example, the company wants to hire more sales people to enable it grow its revenue faster and move toward profitability quickly.
At the same time, the company plans to upgrade the listing of its stock to a national securities exchange like the NYSE or NASDAQ. That would increase its exposure to large institutional investors while making future fundraising easy and cheaper. Moreover, listing on a national exchange would increase the stock’s liquidity, which would be a big plus for shareholders.
BOTTOM LINE
OTCMKTS:PCTL looks well-positioned to ride the coronavirus wave. While the stock has already made big gains, it has more room to run.
DRUMS ARE BEATING FOR 10K AND Q, THEN WE CAN STOP THE MADNESS. DUMPS, PUMPS AND BUMPS...LOAD AND HOLD FOR THAT Q!!!
LOAD AND HOLD, PCTL HAS NO REASON TO JUMP UNTIL 10K AND 10Q COMING SHORTLY. NOW IS THE TIME TO BUY THE DIPS AND HOLD FOR (something rhyming)
SHAKING THAT ASK! .048-.05 YUM YUM YUM... PCTL FILING SOON, YUM YUM YUM
GETTING JUICY!! THE CHART IS SCREAMING FOR NEWS TO FLY! .05 YUM YUM YUM, I'LL KEEP LOADING, JOINING DESERT EAGLE'S MILLYS CLUB
Still able to buy on Fidelity which blocked buys last "Stop" sign.
GOOD MORNING PCTL LONGS AND POOL WATER NON-BELIEVERS. HOLDIN FOR THE GOLDIN!!!!!!!!! HOPE TO GOBBLE UP MORE ON THE CHEAP TODAY, FINANCIALS ARE AROUND THE CORNER!!!
O yeah .048 - .050 YUM YUM YUM... Awesome, keep loadin and holdin for that goldin..... PCTL FILES THESE NUMBERS WILL BE A THING OF THE PAST.
.049 YUM YUM YUM
SEE THE LOADING AT .05 ALL WEEK LONG - YUM YUM YUM .05 YUM YUM YUM
SMART MONEY LOADING ON PCTL EARNINGS ANNOUNCEMENTS AND SEC FILING COMING SOON!!!!!!!
FACTS - "We are in a position as a company on a cash flow basis to cover the burn-rate," said Grieco. "So, we finally have free available cash flow," "we'll be growing certainly this month and into the foreseeable future
“PCTL has been on an accelerated pace towards profitability and is preparing for double-digit growth into Q2 and beyond.” - “Growth has been tremendous,” “The demand for our products has been nothing short of explosive,”
"The stock market is a device for transferring money from the impatient to the patient." - Warren Buffett. – LOAD AND HOLD FOR GOLD – ANY DAY NOW PCT!!!!!!!!L - “
PCTL'S CHART LOOKS PERFECT, EVERY INDICATOR READS UP UP!!! GROWTH ANNOUNCEMENTS COMING!!!!!!!
FACTS!!!! AMAZING Growth!! Rapidly expanding operations!!!!!!! Rapidly signing new clients!!!!!!!, Signing new distribution partnerships to keep up with demand!!!!!!! Patented Technology!!!!!!!! ARE NOW CASH FLOW POSITIVE!!!!!! Yahoo finance PCTL stock to have on your radar!!! Core product deployments will explode once COVID restrictions are lifted allowing installations!!!!!!!! This stock is about to take off!!!!! "The stock market is a device for transferring money from the impatient to the patient." - Warren Buffett. – LOAD AND HOLD FOR GOLD – ANY DAY NOW PCT!!!!!!!!L - “
MASSIVE GROWTH NEWS COMING.... .051 ASK YUM YUM YUM... BUYING ALL DAY IN THE .051 +/- YUM YUM YUM - DRUMS ARE BEATING FOR PCTL!!! THIS CHART IS PERFECT - READY TO POP ON SEC FILING AND EARNINGS WHICH WILL BE AMAZING!!!!!!!!!!!!! LOAD AND HOLD – ANY DAY NOW PCTL!!!!!!!!
“We couldn’t be happier to welcome some new members into our distributor network,” says Grieco. “Demand for our fluids has been increasing rapidly. Expanding our distribution channels helps us to meet that demand on a large and growing scale.”
“Our fluid sales and distribution activities have helped facilitate growth and business expansion,” explains CEO Gary Grieco. “With our hospital installations now on track as well, we’re full steam ahead on multiple fronts. It’s a very serious, but exciting time for us.”
“Cabinet model installations may take up to five hours to complete,” explains Patterson. “With the new rack-mounted system, installations can now be completed in under an hour.”
The company now has at least 10 distributors and sub-registrants for its EPA-approved solutions, in multiple states as well as internationally. They continue to vet interested applicants in their distribution pipeline and expect to continue to add to their growing network of distributors over the next several months and into the foreseeable future.
LOOKING FOR 500% GAIN WHEN THEY FILE!!!
FACTS – WHEN PCTL FILES (AND THEY WILL) THE STOCK WILL SKYROCKET! COMPANY GROWTH IS UNDENIABLE!, THE DEMAND FOR THIS PRODUCT IS UNDENIABLE!, COMPANY EXPANSION IS UNDENIABLE! REVENUES ARE UP 3 POSSIBLE 4 DIGITS IN THE PAST 6 MONTHS UNDENIABLE! SIGNING NEW DISTRIBUTION PARTNERS TO KEEP UP WITH DEMAND UNDENIABLE! PCTL IS GOING TO MAKE PEOPLE LOTS AND LOTS OF MONEY SHORTLY IS UNDENIABLE!
FACT - Currently trading on OTC, "PCTL" aspires to and is actively engaged in preparations for up-listing its common stock to a national securities exchange.
PCT LTD Announces New Hospital Equipment Installations, Distributors and Agreement With Sapphire Disinfection Solutions
BY Business Wire
— 1:15 PM ET 05/21/2020
PCT LTD ( PCTL ) focuses its business on acquiring, developing and providing sustainable, environmentally safe disinfecting, cleaning and tracking technologies. The company acquires and holds rights to innovative products and technologies, which are commercialized through its wholly-owned operating subsidiary, Paradigm Convergence Technologies Corporation (PCT Corp). Currently trading on OTC, "PCTL" aspires to and is actively engaged in preparations for up-listing its common stock to a national securities exchange. The Company established entry into its target markets with commercially viable products in the United States and now continues to gain market share in the U.S. and U.K.
LOAD AND HOLD! "We're hard at work trying to get things completed," says Sofield, adding that the company plans to file their annual 10-K as soon as possible.
Social distancing measures have been taken by both PCTL's outside accountants and its independent registered public accounting firm in order to protect the health of their employees. Further, travel restrictions have delayed certain inventory audit procedures and other items required for the annual audit.
"Unfortunately, even in today's connected world there are several aspects of an annual audit which cannot easily be tended to remotely," explains PCT CFO Marion Sofield. "Unlike with pre-pandemic quarterly filings, our annual audit requires creative methods to counteract the lack of in-person, on-premises auditing of certain financial records, inventory records, and other pertinent business information. The current travel restrictions have disturbed that process, despite the best efforts of our team as well as our outside accountants and auditors."
"We're hard at work trying to get things completed," says Sofield, adding that the company plans to file their annual 10-K as soon as possible.
GOOD MORNING PCTL LONGS!