Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I agree that one doesn't want too many irons in the fire to the point that one detracts from the other... but in this case I don't get the sense that has happened.
With Durango, I think a lot of what we're doing now is waiting.. Waiting for financing, approvals, permits... whatever. That's speculation, but I just think we've done what we can and are waiting on others.
There have indeed been some pretty strong bids around here lately. Always nice to see....
GLTA
If no one else is going to say it, I will... Nice close for the day!
Glad to see a little green to end the week. A sign of things to come? I don't know..
Glad I was able to add a few yesterday and today before the price went up.
Now we wait..... GLTA
I like to think of myself as grounded, but I'll go on and answer as an enthusiast since after all.. I am an owner.
The most imminent catalyst has to be Durango Solar Project. The company has guided that shovels will be in the ground by year-end and has reiterated that we are "on track" quite a few times since then. 2 months is not a lot of time... so that's great!
UL stuff is exciting, and the 23.5% panels look great, but I just don't know what to make of that. It's a slow process... which is good for barriers to entry once we actually get there.... but until then.. Who knows? So... I see UL and proprietary panels as icing on the cake now.
That's also how I see RI and the medrecycler. Could happen any day, but could be years, or could be not at all. It SHOULD be imminent.. and in fact.. should have never gotten to this point.... RI was way out of bounds. That said, looking at it objectively and taking right or wrong out of it. They could potentially delay it for years. Sad state of our justice system, but it is what it is.
So... those are two things that I'm pretty excited about... perhaps even more excited than Durango, but I believe Durango with ground-breaking within 2 months is most certain and imminent.
For the record, I added a few shares today and might get a few more tomorrow.
GLTA
interesting about the patent.. I probably should know this.... but do we know what the patent is for?
Either way, I totally agree... unheard of.
If the market gets wind of this one AND we get some good results soon, it could really soar.
I know quite a few folks own a lot of this, I know I do. If any when there is any significant demand, there aren't going to be shares to satisfy that demand. I am down bigly and even though my break even is 2.5 cents, holding for a whole lot more. Will it come? Who knows... but point is.. I think a lot of long term longs are stubborn and won't be parting with too many on the way up. We shall see.
GLTA
Great points!
I really had not caught or considered that NG aspect. Kind of embarrassing, actually. There have been some headlines about how expensive it will be to heat homes this winter. a Great
We've had some bad luck the last couple of years... but right now we really are in the right place at the right time.
We'll see!
A great recovery on the day and WTI is now actually up from being at a $1.50 or so loss. $82.71 at last glance.
If one believes in O&G, then this is a great thing to be tracking as every increase should mean that much more business and that much more profit.
We should have no problem closing out the week above the penny threshold going into the Podcase next week. Hoping it sends us on an upward trajectory... or at least keeps us on the one we're on now.
There are less than a billion shares here. I don't see any huge concern.
We held above a penny and looks like we'll close the week there. We still qualify for the uplist we applied for in Sept.
No R/S needed here. Among other reasons.... It's probably highly frowned upon in the contract with Brett.
We just need to follow through and make money, the rest will take care of itself.
WTI lost about two dollars yesterday and is down $1.50 or so today. Nothing horrible and it's still above $80.00, but I'd rather see it headed up. (For the record, I think we've said we can profit at $25 oil... but frankly that seems a little too optimistic to me).
I thought our share price should be tracking oil a bit more, actually... but it appears I've been wrong thus far. Since we didn't go up big when it went up, hopefully the tumble of the last two days doesn't send us down.
Hoping we can hold at a penny into the weekend.
GLTA!
we should be able to trust the 8k regardless. It's not a projection (which Gary was admittedly not great at) but a material event that has already happened.... Whatever is in there should be pretty solid! ( I hope :))
Oil down 80 cents today but pctl stock doing quite well and it looks like we're going to hold a penny headed into the podcast.. and hopefully that carries through to the second podcast and to earnings.
Our last (that we know of) 'dilutive' debt was created on 5-3 at $128,000 or so, which means that this can be converted to shares as of 11-3 at 61% of the lowest price of the prior two weeks. I have been pleased to see us hold above a penny and if things stay as they are right now, this would be an issuance of about 20 million shares. This is nothing extreme, and is in the same ballpark as the future receivables sales.
I look forward to Q3 earnings and will be especially looking at what kind of debt and equity deals like this we made. Can't wait til we are cash flow positive and get to avoid this kind of stuff altogether... but in the meantime, it appears we have weathered the storm pretty well here and held strong at a penny. Now to be clear, my average is 2.5 cents or so and I don't love the $0.01 price..... but for now, if it holds, it is sufficient to help us avoid to the toxic dilution of two years ago, so it's good with me!
GLTA
Thanks for the post! I like the chances going forward as well. No guarantees, but when is there ever?
This project in Mexico is ready to go it seems (if they're ready to break ground this year). Perhaps the country will change direction in the future, but it seems silly to end things now when it's so close to fruition.
Love it!
If they're planning this far in advance.. Hopefully this means that they're planning to get Financials out timely as well!
Looking forward to these and I think it's a great sign of things to come!
UPDATE- Got a response!
I've always resisted writing a whole lot because Nick has a job to do and I don't really want to waste his time, but I felt like this was a reasonable one to ask about, especially since he offered to respond to legit holders.
As they already alluded to, the Tweet happened because of a virus and can be disregarded. I never actually saw it directly, but apparently it said Durango was on hold? Nick said it was posted because of a virus and can be ignored, so that is that. It seems someone wouldn't work that hard to hack into our Twitter or put a virus on Twitter if all that stuff was actually true. Not sure where its originating, but I think it's a good sign if people are trying to do tear us down.
Anyway... we wrote back and forth a couple of times and Overall...I appreciate Nick's perseverance. This RI thing was ridiculous and that could mess a person up. I know he's frustrated as we all are, but he's still out there working on our behalf and trying to overcome rather than just sitting back lamenting the unfairness of life. That's the kind of leadership you want in a co you invest in.
Glad I own shares here.. and I kind of told myself if I got a response I'd add a few more this week.. Not huge $, but perhaps I'll be able to do more as time goes on..
Good luck to all!
No email response to my email from a certified account yet. Hope to hear soon, will update this group daily if I remember.
Love the prospects here, hope I get a response!
Good morning! As an update, got a response from IR.... I have been in other pennies where they just won't ever respond. I know we've had ups and downs with IR over the years, but I appreciate that they've always made an effort with shareholders.
Anyway, I was mostly asking just for something to ask... ( hadn't spoken to the new person yet) and to see if I'd get a response, but I actually did get something interesting and wanted to throw it out there.
I asked about the JV and the structure, and was told:
"Currently PCT owns 100% of DOGT".
Interesting, right?
Hoping we can stay above a penny through this week!
GLTA!
I wrote from my very verifiable work email so I will post here with a response once I get it. I have been on here owning this stock and supporting the company for a long time!
These are exciting times for this CO. The panels look great, the projects are on track, and I think we'll win the case in R.I.
I'll post when I get a response on the Durango on hold tweet. If I don't hear anything, I guess we can go with their last tweet on the topic which is that it's on track and should break ground before the end of the year!
Wait.. there was a tweet that Durango is in danger? Anyone get a screenshot of that?
About a week ago they said everything is on track. I hope they clarify very soon. This is real money people have invested here.. I don't want to have to be on twitter all day catching tweets before they're gone. If they posted that and deleted, I think they need to update the status of Durango... and soon.
I really want to see this stay above a penny.. Doing my part and added a few bucks to buy next week, but it won't clear until the end of the week.
Let's do this!
if i could I would... Until then I'll hope that the JV is able to get some things like this going!
I'd hope the JV is looking into it.
Yes indeed!
Every day oil goes up (another 50 cents so far today) it makes this stock like a lotto ticket where one of the #'s already hit.
I've never been so excited to pay 'more' at the pump. filling up again today lol.
Seriously though, everyone should keep an eye on those prices.
GLTA!
Seems like the best investment in the market right now is not actually pctl stock, but in direclty purchasing old wells perceived to have no value.
When PCTL started this whole OG process, I wrote to IR and asked that if it's really as value creating as they say... let's capture where the value truly is, vertically integrate, and set up an entity to start buying up all these old wells for pennies and make fortunes off of them. I was encouraged when we started the JV because it showed that we are putting our money where our mouth is. Love to see it!
Not saying it was my idea or anything for the record..... I'm sure they were already thinking about that stuff. Anyway, love to see that we are investing in that space and I hope that by the time phase 4 is done and the results are out... we will have already bought millions of dollars worth of rights in the area. Could really be an amazing run!
I agree.. Also glad that the patents and solar projects are under the SNPW Umbrella.
I'm not complaining or anything... just saying that I'm going to be much more excited about a $5million project that we're doing than a $95m project that someone else is doing.. And even if MSW is semi-related... in the end... they're someone else.
I agree that medical waste is a big opportunity and hope things pan out!
Yes he does.. I wasn't trying to trip anything up here.. I just wanted to be clear for myself and others. I do agree that if he is able to get funding for one, that potentially bodes well for the other....
Would rather it be an SNPW project... but perhaps they'd use some of our technology, and his name being out there doesn't hurt. Elon runs a couple of companies and he does alright.. but I do think there is a lot more overlap between these two entities than between Space X and Telsa. Anyway, we'll see....
GLTA
Fun fact about the zags.. They have the longest winning streak against an opponent in basketball, dating back to about the time you were there.
Not so fun fact is the team on the losing end is mine (Pepperdine)
It's been over 40 losses in a row. We'll get them one day!
Is SNPW applying for this "and a grant for 85 million in Miss"??
I thought this was MSW, which is unrelated to SNPW.
Thanks for any clarification!
This is great to hear. I look forward to hearing from Art, and I appreciate that they listened to feedback and changed it up a bit from last time.
Exciting times!
I agree!
Had me nervous yesterday but I think the tweets provided some solid support and I don't see any reason for it not to continue.
I never understood why it was trading this low in the first place, though :). Hope we can close out the week on a good note... Beyond that I just don't see us dipping below a penny as we get closer to earnings... which should be on time this time.
We shall see. GOod luck everyone!
Two tweets. and the ask is now at $0.0124!
They really dropped something in the nick of time. we were ever so close to a penny.
Edit... well that was the ask for a second anyway :)
WTI Crude is up slightly today. $82.38 as I write this.
There seems to be no correlation with this stock's value and oil prices. Oil is up about $20 a barrel from its low in August.
This is a huge move and could mean extraordinary results here if O&G goes through.
WE paid off the convertible debt early in the last filing so it did not dilute, and I'd hope we see a lot more of that in Q3.
Lots of good stuff here. Hopefully the market catches on soon!
This did not age well. Hopefully we can hold the line here!
Solid bid of $0.0105 still holding strong out there at 1 million shares. As I recall, this bid started at about 2 million shares a week or two ago. There were a few sells at that price, but not many.
If we can hold above a penny headed into Q3 filings, it's a great sign and means we staved off the bad dilution. Uplist would also be nice. I'd hate to see the funds wasted if we applied and paid the fee... then dropped below a penny and lose eligibility. So far, it looks like we're good!
as always, glad to see you here and positive. hope it all pans out!
Well yes... I would like to know more about UL and I don't know what the track is there...
However, they have two projects, mexico and Aus, that they have give specific goals on. With mexico, I believe it's that funding would be finalized and ground broken before the end of this year. That is a pretty tight timeline so I do think being on track is a big deal as it applies to that specific project.
Additionally, I still consider the R.I. project to be a part of what we're doing, and so this tells me the appeal is on track as well. I know we can't predict court decisions and I don't know the ins and outs, but everything I've seen points to a win if we stick with it.
Have a good weekend!
I hope so. If good things come to pass, then we'll go far beyond that. If everything is on track as they say, these good outcomes are very possible.
This stock has fallen off the radar but that doesn't mean anything has changed about the underlying business operations.
We'll see!
If the company is saying that "all projects are on track" that means we should get funding and get going in Mexico pretty soon. I believe that had said funding was scheduled to be locked and construction to start before the end of the year.
If they are still 'on track' we should hear more very soon, and it sounds like the news will be good.
Glad to see cheap ones going to strong hands. I hate the idea of flippers making all that money! :) Congrats.
Really hope we can hold above a penny until financials are out.
The company addressed the msw issue in a Tweet reply.
While I am not clear on all the details on how these things work together, I don't believe it is anything nefarious or anything that will detract from what SNPW has going on right now.
Would be interested to hear more from them on this and other issues, and I do believe we're still owed the Q2 call with investors, but in the meantime I will patiently hold my shares and hope for the best.
Have a great weekend everyone!
Oil prices up another 1% today.
OIL (WTI)Commodity
82.45+1.01+1.24%
Surprised we are down early, but I'd guess we close up. We shall see.
Either way, that price is a great trend for us.
GLTA!
Drugmann I don't know anyone's story, but that post wasn't even about the company, it was about someone pretending there was news when there really wasn't.
Anyway, I think the questions about this new company are legitimate. That's not to say I think there's anything bad going on... but I do think it's reasonable to ask.
I know they monitor this board... and I know they know that we shareholders have to deal with a lot of misinformation, so hopefully they'll come out with the real scoop and put all that to rest.
THey've done a lot of tweets recently and I do appreciate that, but I think shareholders are owed an answer on this... Shouldn't be too hard to respond if there's nothing going on.