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Nice open for $PCTL!
Hello and good luck today all.
Did you sell or did you pickup 1.7 million shares like you said?
Nice power hour. Something gonna drop AH now?
lol uh oh, here comes the 911 trades.
If we see a decent Q and some other kind of announcement? Maybe .005-.01 but really depends on what and when.
Personally im expecting an okay Q and maybe another sale or two. Maybe enough to drive us north of a penny briefly if the right numbers and announcements are put out.
But I still wouldn’t be expecting any drastic price movement before the end of Q1 2020
No, they'd be using it to cover their overhead; which is what you do with revenue when you're not profitable.
I hear a lot of people talk about how they're not "marketing."
99.9999% of us are not in this industry so we have zero idea what they're doing in terms of sales and marketing outreach because we wouldn't see it. It's not a consumer product. They're not going to take out an ad in the newspaper or spend money on a billboard or Facebook ads.
Any marketing outreach they're doing is B2B and on that scale. And while I'm sure it's not a widespread campaign, they're clearly doing enough to get 5 new machines installed in October so they're doing something in that area. It may be something as simple and silly as sending brochures off to hospitals but again, we wouldn't see that because it's not a consumer-facing product.
I think it's more likely they rely on their contracted partners such as ACE to handle at least the initial sales pitch to clients. Sure, they could be doing more than that- and maybe they are. But we don't know
They could be doing a lot of things they're not doing, or don't seem to be doing. We all know that.
But let's walk before we run. Let's get those bad notes taken care of, place more machines, and get the company to profitability or close to it before we start making bold statements about how what they really need to do is go further into debt with a multi-million dollar marketing campaign.
Could be. Depends on the terms of the 5 or so placements in October that we know about plus anything else that may have occurred.
Realize they can be "profitable" and still be in debt. In order to be "profitable" they just have to have revenues that exceeds their operating expenses. Their operating expenses probably aren't all that high- whatever the cost of the building is, salary for the handful of people who work there, cost of manufacturing the machines themselves, etc... so being "profitable" isn't all that difficult because I imagine their day to day operating expenses aren't that high and 5 new placements could just be the difference maker there.
But "profitable" does not necessarily mean they're making a ton of money. They can be profitable if they make $1 more than their expenses.
Indeed!
I mean, just look at it this way:
Their product is not a candy bar. It's not a pair of socks. It doesn't cost $2.
If they sold candy bars I wouldn't be excited with them selling 5 over the last couple months for $2 each. Yay, congrats, you generated $10 in revenue. I'll call Ripley's.
Their machines cost thousands. The service contracts equal thousands more. It's recurring revenue.Add another 5 machines and we're talking bigger bucks. another 10? Now w're cooking. 20? Hold on.
If they are able to just keep moving forward, they'll eventually hit some real revenue that cause eyes to pop and the pps moves up if just based on that and nothing else. 2 machines here, 1 machine there, 2 machines there, etc... We'll see.
They'll get there. Just takes time.
It is what it is. Idle hands and all.
I get the frustration. I really do. But it is what it is.
PCTL has a lot going for it. Right now we're in a holding pattern. And it might take 6 or 8 months for them to get us back to where we want to be and beyond.
As long as they keep doing what they're doing- placing more machines, expanding to more places, getting more sales and revenue, it'll come in time.
Late filings suck. Lack of PR sucks. But we know things are happening. Nevermind the speculations, i.e. "Oh their silence means a HUGE deal is in the works!". That's all speculation and hopes and what-ifs.
But put aside the speculations. We KNOW they've placed 5+ machines in the last couple months. We KNOW they expanded to the UK. We KNOW they plan on expanding into the UK even more.
Add to that all the things we THINK we know: They may be getting into the cannabis industry, they may be working on new deals, etc...
We'll be fine as long as they keep plugging along. It just may take 6 or 8 months to get there. And it may be a bumpy road along the way but we'll get there.
Indeed. Everything else is just window dressing and lip service at this point.
Market Cap insanely low, even given what we know. On that alone, we should be trading much higher once people are no longer scared about dilution and there's a real valuation of the company based on current and upcoming revenue.
All that said, it's an iffy time right now so not surprised that people are hesitant about buying.
But if you've been holding this long, you're still holding. Really no reason not to.
This is a long-term hold for future gains. It's not a week to week flip. Sure, if you time it right you could get 20% gains or so. That aint bad if that's what you're after. Go for it.
But other than that- we're waiting. Company has a lot of potential and if they just keep doing what they're doing- adding more machines to more customers, growing the business, generating more revenue; we'll be in a much better position 6 months from now. It just might take that long to get there so hope you can hold.
Enjoy and good luck to all.
They do.
Based on my understanding, however, the hospital service contracts are overall more lucrative than oil and gas or AG contracts. But it's also more difficult and time consuming to get hospitals on board because of all the red tape.
Regardless, they need to build out all three areas. And it looks/sounds like they're doing just that.
I think a lot of the longs have stopped buying and/or are holding until there's a reason to do more. Plus, the momentum on this dried up a while ago once the Ontario deal went south so new blood is not trickling in as quickly anymore.
There's a lot of reasons to like PCTL but there's a lot of roadblocks too.
There's debt. And we don't know the plan for that. We know it could mean more dilution is on the way. Or maybe they've got a deal in the works.
Either way, they have a good, viable product that they are placing in hospitals as well as elsewhere. They've expanded overseas to a hospital in the UK and that could be an important "in" as well.
If they can ramp up sales and placements and just keep moving forward, doing what they have to do; they'll be in a good position at some point over the next year.
The question for me isn't whether or not PCTL will be successful or whether or not the price will rise. The question is just when that will happen.
IF they just keep doing what they're doing, they'll be at $1 million in revenue in no time. They just have to get there. They added what, 5 hospitals in October? More on the way? Oil and Gas deals in the works potentially too? Possibly expanding into Cannabis?
lot of good things on the horizon. They just need to get there. And even if it's slow and steady, that's fine by me. I'll keep holding.
First of all you lose points for the Miley reference. C'mon, my dude...
Secondly, I get it. I hear ya. I've got a million shares myself. Acquired slowly over the last few months. I'm holding long and strong for a big payday. So I get it.
We're 3-6 months out from the potential for any really good moves on this stock imho. So keep holding (and loading) if you can. We'll get there. Just gotta let the company come in and do their thing.
Maybe just mean maybe.
Maybe they're lying. Maybe they're not. Maybe they're just saying "2 weeks" and it's actually been 3 weeks. Or 18 days. or 20. Or 21. Maybe 19. Maybe more? Maybe less.
Maybe they didn't get exactly 4 mil and they're rounding up or down.
Maybe they're lying. Maybe they're not.
This has been a fun exercise in speculating on things said on an internet message board which have exactly 0 consequences for your life. Dude basically comes in and says "hey, I like this stock and I bought some" and you bust in like the Gestapo demanding he prove it lol.
"Papers, please."
Relax over there. If dude is lying then who cares. If he's not, then yay we got another guy who loaded up and is holding.
Maybe.
He said he's been here for two weeks. He didn't say he bought 4 million shares today.
Settle down over there. Maybe the dude is lying and maybe he's not. But he doesn't owe you a f'ing screenshot to "prove" he bought something just because you want to see it lol. Who are you, the PCTL police? lol. Settle down over there.
Believe him or don't.
Well it hit .0016 today.
Well, Velveeta is a step up from Government cheese at least.
True but we don't know how much debt is exactly due since some of this may have been addressed by the recent round of dilution.
I get that we're not in a great place right now. But not much to do at this point but wait and see what happens.
True true.
I've long said this isn't a quick flip. 3-6 month hold minimum. Got to let the trials run their course and start generating that recurring monthly revenue. They added, what, 3-5 hospitals in October? So by April of next year that should start kicking in as well.
It's just a question of how rocky the road is to get to that point. Each new installation is a step in the right direction.
I kind of doubt anything is imminent but I do believe it’s being worked on
Oh no, that would be horrid lol I need that write-off!
Here’s hoping plenty of green in December that I can cash out in January!
I don’t think that’s unreasonable.
I’m already maxed out on my tax losses for this year (lol) so I’ll be holding regardless. But its a question of whether I’m holding and adding or simply holding.
Still positive on PCTL longer term but it may be another 6 months before we start to see positive traction. All depends on debt and revenue and what they have planned.
In my opinion, they have to do something about debt and funding over the next 3-6 months. And I’m sure they know that.
So whatever it takes, they need to get it done. I’m betting they will. As a result, I’m not really concerned with the stock price where it sits today. Wake me up at the end of Q1 2020 or thereabouts
Welp, then I know how long I’m holding them
.20-.25
Yeah, so there's no way they diluted 500 million shares lol.
Numbers don't add up, bud.
Honestly I don't read it that way at all. Maybe I'm just blind but I think this is all basically good news.
I'm not aware of any update.
He probably is "acting" CEO as I'm sure the long-term plan isn't for 1,000 year old Gary to be CEO forever. That said, maybe the search is on or maybe someone new is incoming. But either way there's not a "vacant" CEO position. It's being filled. It's being filled by the guy who was CEO long before Jody become CEO.
I'm just sayin' people out here saying "vacant CEO" make it sound like there's no one running the ship.
Either way, he's still CEO. People on here shoutin' about a "vacant" CEO position when the dude who WAS CEO before Jody is CEO.
Also, what's with everyone saying "there's no CEO?"
There is a CEO. Gary is CEO. This was announced in the filing announcing Jody stepping down. There's not a vacant CEO position.
I understand the frustration with this but at the end of the day it doesn't really matter. So they're a few days late. No big deal. So are thousands upon thousands of companies all across the country every day.
It's not good. But it's not necessarily indicative of anything.
Hey, if you're long you should be hoping this takes a bit longer to materialize. Pay less taxes on a long stock than a short one. Just sayin'
I mean, I agree that it's basically irrelevant, but it is possible. You just place a market order. I mean.. I don't know how else to explain it lol. You just pick that option instead of one of the other options. I do it all the time.
It's only relevant to the extent that someone would think that a 6 digit trade is indicating that it's a MM or something more than retail, which is not necessarily the case. Any trade can be filled at 6 digits and you can make a market order for OTC stocks.
It is what it is.
Again- doesn't mean anything but it does if someone is under the impression that it means something more than it does.
Yes you can.
That's a myth. Retail can make 6 digit trades if they place a market order and not a limit order. It happens all the time. It's not an intentional price, it just fills that way. Happens a lot.