You are aware that the dumping of shares doesn't have to specifically rely on dilution, correct? You very easily could have had shares created, then held by the person in receipt, and they can sell them whenever they want (hypothetically during a period with a huge run up to nearly .02/share).

Just because the shares aren't actively being created, doesn't mean that the market isn't feeling the effects of those shares being dumped...

The 'Times of India' is far from an obscure tabloid. Also, Linkedin is 'self-published.' I'm sure Conway's linkedin says he's a straight shooter - which I wouldn't take as gospel.

Not what I was asking for.

Good find. Can you post the links to those stories for us?

Looks like Conwad ran out of criminals/nincompoops to work with him, on this side of the Pacific. Had to go overseas to find a fellow scammer to help perpetuate his baloney pumps.

Lol, I figured. You need to look deeper at Conway's track record. The guy is a sniveling weasel. He's either completely inept at running a business, or just an utter thief.

I don't entirely understand the outrage. It's really no different than many of Conway's other games he plays with shareholders...

I'd like to say "Hello and welcome" to all the new stuckholders. Conway got you good!!! He's just here on this earth to generate shares for zombie companies.

This thing is behaving exactly like LIBE. HUGE runs up, then quick drops, and we end up lower than where we started before the 'earth shattering news' (which usually ends up getting reversed later..). The entire time, the share-machine was just spewing out new shares.

I don't really understand the legitimacy of this agreement, the counterparty, the profits to be made off this deal, but I can tell you this: I've never heard of a zombie company being sold for $400K, to turning out a $100M+ contract, just a few months later. This is the biggest red herring I've ever heard.

More suckers show up on this board, every day. OZSC has the exact same playbook that Conway used to run LIBE into the ground and destroy some serious shareholder value. The man couldn't even close a deal on buying two Vape Shops in Missouri. I'm certain that if this "$118M contract" ever comes to fruition, it will actually be PCTI playing a teeny-tiny little portion of that contract as a sub-contractor.

There are two things Conway is REALLY good at:
-Creating buzz and hype around insignificant news
-Signing convertible notes

Not even sure what your point is - you replied to state that it's not even worth a reply. Fantastic.

Dilution is dilution. There is no such thing as good dilution. If you possess one slice of pizza, someone came into the room and said all pizza slices are getting split into ten, and each person retains 1/10th of their pizza slice. If you held a slice of pizza before, I'm not sure how you could view losing 90% of your pizza as 'good.'

Even worse, with the remaining notes, you know that your tiny slice of pizza is about to be cut up even smaller. That's the craziest part - if you buy this, knowing your slice is going to continue getting chopped up, you might as well just throw a pile of cash into a fire.

In fairness, there very likely will be a "real" PR. You can always count on the windbag-Conway to put out news or run his mouth about something. He says there's going to be a PR, there's going to be a PR.

The only question is, how ridiculously over-embellished will the PR be? What kind of a company actually does a press release when they make a few thousand in revenue? Answer? A pump and dump. The news that gets released is just vague fluff, targeted at selling more shares of it's equity.

All I'm hearing is someone ramping up excitement, in order to dump some shares. Get ready for more dilution - that's all this ticker can accomplish.

"Binding LOI" is the same as saying "Definitely Maybe."

Stop buying into Conway's garbage about LOIs. Just look at his prior LOIs and how they turned out.

That's exactly what I'm saying - any current and recent dilution is a result of Conway's debt. He had previously snuck in the word "legacy" to reference debts from prior to his tenure. Anything after that mark, is all on his borrowing.

I'd like to point out that Conway never said no more conversions. He made many references to legacy debt in those conversations and during that time period. Conway was able to find new lenders for debt that was pre-Conway, or worked with the lenders to get them converted and repaid. Any conversions we're seeing now are from debts that were accumulated since Conway took over.

Your son's first introduction into investing was a penny stock??? Start him off in blue chips - no one's money should be in this garbage, especially not first-time investors.

Ground Control to Major Tom, there's something wrong, your circuit's dead. CAN YOU HEAR ME MAJOR TOM???

All you need to do is look back at the CEO's previous tenure at LIBE. Took that thing down for years - just a long slow steady drop. Lots of promises, lots of flashy talk without detail, lots of rumor spreading....

Those who don't see the writing on the wall will get burned by this thing.

Is this the news you were promising three weeks ago? Some nonsense insider information Conway spilled on that other semi-private forum he's in? I think the term "rumor mill" might be completely relevant here...

Yes. And when you ask next week, the answer will again be 'Yes.' News will always be "next week" with this company.

What'd I miss??

How can anyone forget anything, when they have no idea what you're talking about?

Conway "checks out" a lot of stuff. He's like a shotgun blast of baloney... His list of what he's 'checked out,' wasted shareholder money on performing due diligence on, and wasting funds and time on paying lawyers to write LOIs stretches from Warwick, NY to Independence, MO.

I was going to post something similar... I'm assuming somewhere in the range of 10-20K. There's going to be a significant percentage increase over a civilian/commercial version of this, but assuming it's in the millions is just nuts.

The fact that she came out and highlighted that this project is 'smaller than they're used to,' is really unsettling. I'm not even sure why anyone would feel that would be good to even include in the PR! That's like GE saying "yeah, we're not selling our really good turbines, nowadways." Stupid comment, if you ask me.

Once again, very convincing. I'm glad you've provided detailed information and explanations for others to understand why you see this stock as undervalued. Superb.

Very convincing argument. 3B shares out there (and growing), we have no idea of what the financials are, we know the primary business isn't doing anything anymore - except borrowing money, paying the CEO and a whole myriad of contractors who I suspect are related to the CEO, and producing new shares.... It's a GREAT mix for a rapidly deteriorating share price!

I would tend to disagree about it's valuation. However, even if you are correct about it being undervalued, give it another couple months - with all the new shares hitting the skid, it will get close to fair value, even at it's current PPS!

He doesn't even own a house. The one in Warwick, NY? Renting. He had one in Warwick when he was stealing from LIBE shareholders, but he lost it to the bank (imagine that, such a bad thief, he still can't pay his mortgage). When he was living in Missouri, the IRS recorded a debt against him for unpaid taxes (imagine that, as bad as a thief as he is, he still reported his income).

Nah, it's 'Legends Resort and Country Club.' That was during his tenure at his last mess of a company. Then there were water supply companies, vaping company... dang, I'm forgetting some of his other hair-brained schemes that he tried to pull off at LIBE.

I don't say this, meaning to be a jerk, or polishing my own brass, but this is pretty much exactly what I warned about. Conway minces words, starts rumors, and is really only out to serve himself.

He borrows money on convertible notes. He makes claims like 'all legacy debt is gone,' when in reality, he's fully aware that current debts (that he's taken on) are diluting right into the ask as he tweets out those misleading statements. O/S just continues to climb, as current holders continue to wait on 'forthcoming news of big contracts.' We still have no idea about what PCTI's financial performance looks like.

This stock is destined for trips. It may bump up here and there on vague and non-committal statements, over-hyped PR ('Yay, our subsidiary made a $10K sale.'), but in the long run, he's going to end up having to reverse split and burn you all. Just go back and look at the performance of LIBE under his tenure - he made a terrible mess, and this stock is tracking right along with how he did there.

Do what you should with your trades - continue holding until the next pop, sell now at possibly a small gain or even a loss, or buy in if you want. Just know the history of Conway's either: incompetence or straight-up lack of concern for shareholders.

By "office," I suppose you mean the house he's renting, right? I'd love to see how much he bills back to the company so that he can rent his kitchen counter from himself...

He has the ability to control who sees and who commments on it. THAT makes it borderline insider information. If he is to disclose any knowledge about the company's plans, it's forthcoming contracts, it's financial performance, etc, it needs to be fully public. He used to start rumor mills on Facebook and Twitter - in publicly viewable forums. While that was a stupid move on his part, at least it was publicly available.

This company is a mess and this CEO is a total loser. I hope his day comes... soon.

Brian may get tired of making up stories, but this board sure doesn't get tired of gobbling up those stories (and frequently expanding on them, with lots of creative license...).

Yeah, sure, it's from before the merger. But.. it also highlights that this company is going to need another estimated $1M over the next twelve months since it's not generating any income. Tell-tale Conway pig-pile, right there.

Only fools will hang around and drop cash on this stock. Conway's going to borrow money, he'll pay himself (I'm assuming over 240K per year, given his salary and "PR consulting," on top of whatever pass-throughs he drops on this company), those notes he borrowed on are going to convert, you're brokerage account will feel the hit from Conway feeding his own fat face as it spews out new shares into the market.

Y'all like that? He's paying himself over $240K per year, while your shares just get watered down.

Why the devil would this ever go up? The only "news" that was dropped on Friday was that the dilution you've experienced over the past few months is NOTHING in comparison to what will be occurring throughtout the fall and winter.

I do expect Conway to start dropping reams of "news," but it's only going to be in support of the share price as lenders are dropping new shares on the market, at the rapid.

Wow. New 10-Q... where to even start?

So, who wants to bet against me that this is Waypoint Refinery???

On June 5, 2020, the Company entered into a one-year agreement for media relations services with a third-party. Pursuant to the Agreement, the Company will pay the consultants $10,000 per month for the development and execution of a comprehensive media relations plan.

So, on top of the $120K Conway pays himself a year for robbing shareholders blind, he has the gall to additionally pay himself as a consultant to PR garbage to you.

On July 8, 2020, (the “Issuance Date”) the Company issued a 15% convertible promissory note, in the principal amount of $250,000, to an investor. This note matures 6 months after the Issuance Date... After the first three months after the Issuance Date, the conversion price shall be equal to the lower of (i) $.025 or 50% of the lowest trading price for the thirty-five trading days prior to the conversion.

On July 15, 2020, (the “Issuance Date”) the Company issued a 15% convertible promissory note, in the principal amount of $127,500... (same terms as above)

On July 29, 2020, (the “Issuance Date”) the Company issued a 15% convertible promissory note, in the principal amount of $127,500... (Same terms as above)

On top of all the other notes issued during the six month period, he took another $250K in July. Expect to see that diluting into the OS by within the next few months... Merry Christmas, suckers.

Currently, we have limited operating capital. The Company anticipates that it will require a minimum of $1,000,000 of working capital to complete substantially all of its desired business activity for the next twelve months, including PCTI. The Company currently is not generating any revenues from its business operations. Our current capital and our other existing resources will be sufficient only to provide a limited amount of working capital, and, to date, the revenues generated from our business operations have not been sufficient to fund our operations or planned growth.

Well, duh. Another $1M over the next 12 months? I'm assuming convertible notes will that capital source... There is no path forward aside from Reverse Split, for this company. I optimistically give it about 6 months before we're bouncing in trips and need to R/S. Good job Conway, you really earned your paycheck this quarter.

"On June 26, 2020, the Company, PCTI and Chis signed a Stock Purchase Agreement (the “SPA”) and on July 10, 2020, the Company closed the SPA with PCTI and Chis, the sole shareholder of PCTI. Under the terms of the SPA, the Company acquired one thousand (1,000) shares of PCTI, which represents all of the outstanding shares of PCTI, from Chis in exchange for a cash payment of $400,000 (of which $100,000 was paid May 26, 2020, and $300,000 was paid June 26,2020) and is presented as advance for acquisition on the accompanying balance sheet, and the issuance of 47,500 shares of the Company’s Series C Preferred Stock, 18,667 shares of the Company’s Series D Preferred Stock, and 500 shares of the Company’s Series E Preferred Stock to Chis."

I continuously compare this ticker back to Conway's last (Formerly LIBE). Conway is a turd. You nailed it with the double-talk, the deception, and he makes VERY misleading statements veiled in vagueness.

Yes, there absolutely WILL be major runs upward, and you can probably make a fortune if you nail them correctly. Problem is this will be a very slowly sinking ship. Just be careful and don't sit on the deck too long.

Literally, watching this story unfold is like deja-vu. His play book has but one play in it - makes for a not very exciting game to watch.