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"PCTI wouldn't ruin their reputation." PCTI already ruined their reputation via the ELTZ fiasco, and by associating AGAIN with BC and WayPoint. Before you buy here, go back and check ELTZ posts on Ihub by "Winters" (AKA BC). You will see a similar sales pitch with ELTZ as OZSC. This is the same type of debt settlement scheme. IMO
Yes. He facilitated the deal. He promoted the deal. So yes, its his fault. He should have known what he was leading investors into. In my opinion, BC, Tecco and PCTI are all in this together. Complicit, passively or actively. Looks at some facts: OS has increased dramatically since LOI, no 8-k since LOI, Twitter sales pitches intermittently, PPS has dropped, PDAs still not all signed (no 8-k to prove anything), and the biggest and latest red flag for me is that they have to complete 2 years of financial audits to do before deal can close. They haven't begun the audits yet. They are "prepping for planning" 2 years of audits. All IMO.
No one here is actually investing in PCTI. They're putting their investment hopes on BC seeing this LOI through. Putting one's investment hopes in BC is a bad decision based on his previous failures in this regard. This is just what it looks like and what it has been doing - a debt recovery scheme. Now that' something he does well, ELTZ is proof of that. IMO
Dilute like crazy. IMO
Exactly. One of the latest tweets said they are prepping to plan for auditing the last two years of financials, which are required before close. How long do you think that will take? I'm guessing long enough to for the loan sharks to recover their money with the interest via dilution. IMO
Great argument, but I suspect that while they're prepping for planning, dilution will continue.
Working towards prepping for the two year audit required for closing lol. Working towards prepping... this is to ridiculous to even discuss. Sad state of affairs here. If anyone sees anything positive here I don't know what to say... working towards prepping for 2 years of audited required... . That's is terrible. IMO
Dilution pedal to the floor! Loan sharks always get their money first. IMO
Good information if you trust where its coming from. I don't, and with good reason. GLTA. IMO
So did they tell you the current OS? Anything 8-ked? Its all a sales pitch. Longs here will lose their money at some point. IMO
After the ELZT debacle, who here would hire WayPoint a couple of weeks later to try it again on another highly indebted ticker? Ya can't make this stuff up because that is exactly what is happening here. Any update on the OS? I guessing about 150 mil (from a little over 1 at the start). Ya still think this is a legit RM? No, I don't think so. Some going to lose money here. All IMO.
It actually was PCTI's fault. They either did not perform due diligence which hurt investors, or they were part of the scam which hurt investors. One of these is 100% certain. I suspect the latter. I remember one clause in the ELTZ LOI that stated what the OS was at a long past point in time, not what it was at the time of signing. It stood out to everyone who read it objectively, but not the great business leaders at PCTI?? Come on now. That was a scam, this is a scam to pay debtors VIA BC. IMO
Yes well here is another similarity - while the volume goes up the PPS goes down. I'm not and have not been invested in this one. I luckily made some money on ELT@. Why don't you call the TA and ask what the current OS is. My bet is that they're gagged by the company; just like ELTZ was. They don't want anyone to know how well they're doing with recouping debts on several notes, or in other words, how much dilution is taking place. This is a debt collection scheme. IMO
It should have been a red flag for BC and PCTI, but it wasn't. Who would offer their well established, real company to a scheme like ELTZ? No sane promoter or company. Its not real man. sorry, but this deal will never close because its not the goal here. Its a debt settlement scheme. IMO
These days are the best days for capital expenditures because as quickly as we slid into this depression, we will jump back out. Spending, travel etc. will go crazy when this Covid thing is solved. Forward looking investors would see these projects as good investments - Believe it or not. IMO
I was in ELT@. Got out by the skin of my teeth before the suspension. Pure luck. I would never trust these characters again. Tecco is not here, but BC and PCTI are. 2 out of the 3 that totally took investors for a ride on the ticker mentioned. Not to be trusted ever again. IMO
What im not seeing is this deal going through. I would love to see it go through, but it is playing out exactly like ELTZ. The only difference here is that there is no fear of a surprise suspension. This carrot can dangle for months being current. IMO
Flip for a loss? Nice strategy. Just wait. The flood gates will open because that is why this RM has been set up. Debt settlement scheme. IMO
Volume up + Price down = Dilution. This is exactly how ELTZ went. This is a note settlement scheme period. IMO
That was yesterday. Today the loan sharks want their money back. OS @ 80 mil now is my guess. IMO
LOL. BC announced a couple of days ago via Twitter that it was (then) at ~30 mil. GLTU. IMO
The Tweet of unsubstantiated news later in the trading day yesterday sent the PPS upward coincided with acceleration on the dilution. This has been happening repeatedly over the last month - a late tweet, pps surge and boom we go from 1 mil OS to 30 mil to what currently??? 40, 50??. This is another train wreck waiting to happen. The 2nd one this year brought to you by BC, WP and PCTI. IMO
Its been getting locked up all day as in recouping plus interest. I wonder how much of the 20mil today was dilution. All these great announcements are words only. No proof or finings to back up. Just words to do what they did, boost the PPS. BC and WayPoint are not to be trusted. IMO
Why are people still buying here? It's a mystery why a dead, no hope, no chance, no potential refinery project still has people willing to buy shares. What is going on here? IMO
Those loan sharks really want their money back. .005 by Friday. IMO
"use its best efforts... by up to 1 mil" is laughable. How much do they owe? Obviously more than a million. Never forget ELTZ? This is a loan recovery scam. IMO
That's my point. Tecco violated by diluting diluting and being non SEC compliant. Maybe the same here eventually?? Why couldn't PCTI just find a clean shell for an RM instead of these two heavily indebted ones? It makes no sense for a "proper" company with defence contracts to do this type of thing. IMO. Anyway, enough warnings from me today. GLTA
The ELTZ LOI had a similar clause. I wonder did she pay? Nope. Maybe Tecco understated the OS by a few billion which gave her an out. Hey, maybe that'll happen here too. This is BC'c puppy and crooks be crooked. IMO
Is the CEO of PCTI paying attention to what is going on with her RM target company, and how its OS is being diluted? It's gone from ~ 1 million when she first agreed to it, to now over 35 million and counting. Nothing here passes the smell test folks. This is another scam brought to you by BC and WayPoint. Just think about it, the only two RM tickers WP has had thus far for their ONLY customer PCTI, are ELTZ and OZSC. ELTZ paid off depts and then were out leaving shareholders holding the bag. OZSC is on exactly the same trajectory. Only difference with this one is that it is current which it means probably won't get suspended by the SEC. It will go the same way though for share "holders". Save your money. All IMO.
It might indeed be a scam, but what does the cheap price of crude have to do with it? Nothing IMO. MMEX does not produce or sell crude. Well it doesn't produce or sell anything, but the price of crude has nothing to do with it. IMO
Hopefully the forthcoming 10-K has some positive numbers. IMO
Well you're the one who was talking to the CEO. You didn't ask - what operations are you restarting? If you were right there talking to him why didn't ask what they do? You have to ask someone here? Come on man. And if you did ask why don't you just say what he told you. Everyone has to be so cryptic here... . Just come out and say what you want to say. IMO
To simplify, all a business requires is a product (cheapest its been is right now), and customers for the produced product (Jack says he has - had - but who knows for sure). I think we can check off product, or feed stock because there's no shortage of folks wanting to sell crude. As for the market, well that's all up in the air right now despite supposed purchase agreements. Markets change on a dime for many reasons. IMO
True. No good news for a long time, but still millions of .0001s being bought every day. Its puzzling. Other tickers with the same lack of news, high OS etc. (all negative indications), are not trading like this one for some reason. I guess we could say penny vultures etc are buying them, but how come they're not buying the others? Its a mystery. IMO
Going sub penny today I think. IMO
Low prices matter not if they're going lower. Today's low might just be tomorrow' high. IMO
Tomorrow.
I get the first time, but to let him do it again... well I guess folks get what they should've seen coming. IMO.
This is the second in a series of note settlement scams put of by Brian. IMO
Yup. The last update on the OS was at ~5.1 mil, but that was two weeks ago. Wonder what the OS is now. My guess is something much higher than that. IMO