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I think with a lot of companies offering 0 cost trades these days a lot of people do this just to screw around.
And I never put much stock in them to begin with. I mean, you make enough 911 trades on a stock it's basically going to be right a few times.
Yeah, it'd be nice if they were on time but I really don't read much into it to be honest.
Do you hear that sound? That's the sound of 500,000 US companies filing their reports late. Happens every quarter. It's not a big deal really unless the reason for the late filing specifically is something to be concerned about.
It's Tuesday.
Y'all, Rock_NJ has been here since the salad days. He's not nuts and he's not just bashing. Whether he's long or short or trying to buy back in low, I have no idea. Let him trade how he wants to, same as you would like to be allowed to trade as you'd like to. The overarching point is that these are realities that we have to consider.
We know there's debt on the books and we know that one way to help clear it is through dilution. Anyone who's not considering and taking a clear-eyed, calculated assessment of what could happen isn't trading with their noggin.
Yes, it's possible we'll see more dilution. It's possible those notes will come due and they'll dilute. It's possible they'll secure outside financing or some big revenue generating deals that make it less likely or necessary to do that.
These are all honest and valid questions to ask. There's more than a few "enemies of PCTL" on this board. Rock aint one of them so far as I can tell. And not addressing those concerns, or being dismissive of them isn't honest or acting in good faith either.
Just my two cents.
lol no. Note holders don't care about potential. They care about getting paid. They don't have the luxury of waiting and hoping for a could-be/might-be/possibly-one-day potential.
It's like me going into a restaurant and saying I can't pay for my meal but I did this doodle on a napkin and one day I could be a famous artist so maybe you should take that instead of money?
It's a nice thought but they're not gonna do it. Homies wanna get paaaaaid
Wake me up when we get to $0.25
Well that's a nice little pop.
Agreed. Look at where we're trading right now and look at where we were trading a year ago. We're objectively better off right now but the pps isn't. And most of that is because the deal fell through and dilution happened. Neither are a shock.
If PCTL posted revenues in the $35-$40 million range, we'd most definitely see momentum and speculation that I think would likely carry us to multiple dimes above an honest valuation.
We're a long ways off from there. Company still has to crack $1 million first.
But hey, the first million is the hardest.
To get there on valuation alone, sure. But it traded at that level without being nearly close to that kind of valuation. This is OTC. It's all about emotion and momo.
Yup. Same. That’s why I have 1 million shares
Yeah there's definitely potential for sure. Which is why I'm holding long and strong. I'm just saying I wouldn't read too much into that box being checked. They always check that box. It doesn't really mean anything imho.
Yeah we need to stop reading into this. They always check this.
..... I feel like that's a Scrubs reference.
First of all, I didnt' say "at the open" I said "this morning."
There's a difference.
Second of all, nothing you say or care about will ever be important to me so piss off.
Oh I added a ton to my position early this morning.
Possibly. But we've seen this run up on "news day" before with previous Q's and the Ontario closing date. Probably just people betting on a good Q in my opinion.
Lotta buying going on today. I'd guess people know the Q is due and are gamblin'
I'm as long on PCTL as anyone here. You all know that. But I think we're once again branching out into dangerous speculation due to boredom and frustration.
We really don't have any indication that a takeover, merger, or buyout of any kind is happening.
We can connect the dots as much as we want, but at the end of the day if this was happening, I doubt we wouldn't have heard about it by now. There'd be an 8K or a LOI by now.
Maybe the Q will show something, I guess, but I kinda doubt it.
In this scenario we have a mysterious and unnamed buyer/company/investment group that's coming in and changing the company structure without any public knowledge or announcement or other indication. They somehow get the CEO to step down so they can get "their guy" in, but "their guy" isn't in for some reason so the CEO with 30 years experience in building a $50 million healthcare company decides to step down and let 90-year old Gary step up as an interim CEO just to bridge the gap? Rather than continue in his role as CEO until "their guy" is ready to take the reins?
All of the above makes no sense.
There may or may not be something going on behind the scenes. I wouldn't be surprised if there was. We DO see hints at things. Website updated, shares authorized, new IR firm, etc... This could be explained by something happening behind the scenes.
... or it could just be a normal progression for a growing company getting ready to step up their game. Company websites get updated all the time. With all the dilution and outstanding notes, it's no surprise they'd authorize new shares. And with 10,000 people emailing them telling them how much they suck... it's no surprise they'd get a new IR firm either.
Either scenario is possible I guess, but the notion that there's a white knight savior that's going to rocket the company to success just lurking in the shadows somewhere seems like a lot of wishful thinking.
Jody most likely stepped down as CEO for 2 reasons.
1. Frustration from the board that he couldn't secure financing/deals from either Magnolia or Ontario. Whether or not these were "good deals" we can discuss 'till the cows come home but they were deals on the table that didn't materialize and he wasn't able to get anything done with them or anyone else.
2. He may be better suited in a more operations role and Gary might be better suited for locating financing. It may just be a swap of strengths at the moment.
Remember, Gary WAS CEO before Jody. It's not normal for corporate officers to just swap titles back and forth so the shakeup happened for a reason and we'll probably never really know what the extent of that reason or reasons are.
That all being said... we should get a Q soon. That Q will not include all the October placements including the on in the UK so everyone should temper their expectations. It may make mention of them but it won't be included in the revs. What it will show is the summer dilution and hopefully increased revenue over Q3 of 2018.
As long as we're moving in the right direction, I remain long and strong.
It's fun to speculate. I'd just warn people about being cautious and reading the tea leaves too much in the direction you want them to read.
PCTL has a bright future if they can get their act together and keep doing what they've been doing over the last several months.
For once, buying topped selling today. Dilution may be over (or very close).
Q should be out tomorrow. Or an extension. We'll see.
Understand that view. However, keep in mind that they really just started ramping up things this year. Prior to that they really didn't have any sales to speak of.
Level 2 shows no such thing.
Stop lying please.
Should be a 10Q for Q3 due on Friday if there's not an extension. Wouldn't surprise me either way.
Could be. I've added about 80K more shares today. Will continue adding down here throughout the end of the year.
Some people just can't get their mind out of the gutter. Jeez!
I see we're down in my absence. Gotta back the truck up.
Oh thank God. Got rid of the biggest whiner on Ihub.
Hey bros! Back in town! I see the board has not changed in my absence
If Amazon only sold one Kindle each month... if Pepsi only sold one 20oz bottle each month.. if Clorox only sold one bottle of bleach each month..
...This has been a fun exercise in how we can paint a bad scenario by using extreme examples to illustrate a flawed argument.
A. I’d be thrilled if PCTL were placing a new machine each month... and so should everyone else.
B. Even someone with a barely coherent understanding of PCTL’s model knows that the real revenue doesn’t largely come from the “sale” of the machine but rather the licensing and service agreements.
And even you know that
Agreed!
I would like caution some to be reasonable/realistic with what this Q will show.
The placements we’ve seen over the last couple months will not be included. This Q will only cover the time period of July-September.
It is likely to show/include some of the dilution we saw towards the end of the summer.
As with previous Q’s it may include some additional information regarding events that have occurred since the end of the 3rd quarter.
Just sayin’ I wouldn’t expect this Q to be amazing.
As I’ve said many times in the past- this is a 3-6 month journey at least. I’m looking more towards Q1 2020 to start seeing more of the momentum we’re hoping for.
Doesn’t mean this Q will be “bad”... just saying I don’t expect it to be anything particularly special
It’s just the recent PRs which have been released. I got the same email
Yeah think they’ve been with them for a short while but may have stepped things up recently
Got this email today:
You recently contacted PCT Limited regarding the Company. We are their investor relations firm. Should you have any questions or would like to be included in our email list, please let us know.
Chesapeake Group
Info@chesapeakegp.com
410-825-3930
Here's hopin! Long and strong.
finally looks like the brokerage firms are picking up on the PRs
Unfortunately I can't remove the old one- only the person who stickied it can.
Done
Here's hopin!
10Q might drop while I'm away (I return on the 11th) but perhaps not. That'd be early lol... but maybe some other filings and PR.
Good luck to all! I'll be around, just probably not as much.