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'm just rolling in to say nice use of the word "mendacious"
Agreed and seconded.
We never expected the 10Q to be anything special even back when it was due which seems like a lifetime ago. This Q covers the activity in Q3 of 2019. The period ending in September of 2019.
Basically all the good things that have happened to PCTL have happened since that time. It hasbeen 6 months after all. The UK expansion, the rise in share price, new hospital placements, expansion into cannabis testing, new distributors, etc...
We know (or at least strongly suspect) that the Q had been held up to renegotiate debt and settle these things. So assuming that this is the case, the biggest result of seeing that Q filed will be a confirmation that things are headed in the right direction with regard to the debt situation. Keep that in mind. The biggest benefit of seeing the Q filed is not the info in the Q but the message it sends that debt has been settled or at least mitigated/managed in a more beneficial and advantageous manner.
For anyone new here: Do not expect that 10Q to be amazing. It's old news at this point and won't include all of the good things that have happened since then; though if it is like past Q's it will/may include a section on recent activities which might give a summary of what's been going on in that time.
The 10K Annual Report which is due in mid April will tell a better story of more recent activities. And of course we know more info is on the way!
Agreed and seconded.
We never expected the 10Q to be anything special even back when it was due which seems like a lifetime ago. This Q covers the activity in Q3 of 2019. The period ending in September of 2019.
Basically all the good things that have happened to PCTL have happened since that time. It hasbeen 6 months after all. The UK expansion, the rise in share price, new hospital placements, expansion into cannabis testing, new distributors, etc...
We know (or at least strongly suspect) that the Q had been held up to renegotiate debt and settle these things. So assuming that this is the case, the biggest result of seeing that Q filed will be a confirmation that things are headed in the right direction with regard to the debt situation. Keep that in mind. The biggest benefit of seeing the Q filed is not the info in the Q but the message it sends that debt has been settled or at least mitigated/managed in a more beneficial and advantageous manner.
For anyone new here: Do not expect that 10Q to be amazing. It's old news at this point and won't include all of the good things that have happened since then; though if it is like past Q's it will/may include a section on recent activities which might give a summary of what's been going on in that time.
The 10K Annual Report which is due in mid April will tell a better story of more recent activities. And of course we know more info is on the way!
There is no CC on Monday. You're reading old news evidently.
They're about halfway to eligibility for uplisting to the OTCQB if they wanted to so a RS wouldn't even be necessary at this point to do that. Just hold a penny for 30 days, get filings in order and you're good.
While it's true they don't have an infinite manufacturing capability, it should honestly be their biggest problem that they're fielding demand in excess of 50 units per month.
50 units per month = 600 per year.
I'm sure if/when they reached that point, they would have alternative options and contingencies available to them. They did just execute a term sheet for additional financing to help settle debt and fund the current operations.
So it may be a "problem" to be able to meet demand, especially if it's imminent given what's going on in the world right now, but we can probably file that under the "nice problem to have" category at the moment.
Four Reasons to Jump in $PCTL as Requested!
1. We have an ongoing trial in the UK with University involvement. PCTL's first placement into a country with a nationalized healthcare system. And Britain's National Health Service is watching and interested.
2. Obviously the current state of the world and panic over health and hygiene is an external factor which is helping to drive this run. And while I wouldn't cheer a pandemic, it's hard to not look at the reality of the situation. Whether or not PCTL can do anything with Coronavirus remains to be seen but the reality is that this "helps" drive interest and momentum both by shareholders and potential customers for PCTL.
3. Real company. Real world applications. Real revenue. Real clients. Real product. Real patent. Real potential and real soon. If you've been on the OTC for more than 10 mins you know that a LOT of the OTC is bunk. It's a lot of shell companies. It's a lot of patents without products or products without patents. Sometimes it's a process without a patent or a patent without a process, etc.. PCTL has all of the above and checks off all the boxes. Even without points 1 and 2- if they keep on the path they're on they'll keep growing the business and moving in the right direction.
4. Profitability. The elusive green that all small, growing companies are looking for. Profitability will happen this year if they continue just the small momentum they're currently on:
$PCTL What a day!
I waned to do a little DD update and help keep things in perspective.
Here's what we're looking forward to:
Coronavirus: Yep, this is the big one so we may as well start here. We don't know what, if anything, is in the works here. They seemed excited about it and hopefully we'll get clarity on this sooner rather than later. But if they're able to do anything with it- could be something big/awesome.
Do not forget that even PRE-Coronavirus talk there was a LOT in the pipeline to be excited about! I mention this because we've added quite a few new holders here over the last few days who may have wandered in here based on Coronavirus talk.
If PCTL can do anything with Coronavirus: that would be awesome! Not just for the stock price but for the world as well. It's clear they're getting more eyes on them and more interest because of the current state of the world, including COVID-19....BUT......do NOT fall into thinking that PCTL is JUST a Coronavirus stock. IT ISN'T.
Here's what else us longs have been looking forward to:
UK Trial Completion - Mid/End of March. End of March/Early April likely to be when any results or material findings are released/accepted. PCTL expects this trial to result in at least 4 additional orders.
New Stock Day Podcast Interview: Should be dropping next week or the week after.
Debt/Financing. We know this is being worked on and the hope was that it would be addressed in 2-3 weeks or so from the time of the conference call. So we're at about that time now. Could be any day. To be fair and honest: it could be longer. Sometimes these things take time.
3rd Quarter 10Q. Should be around the same time debt/financing is worked on/resolved. But it should be forthcoming soon. If not this week, then likely next week or so. By the end of March is the hope.
Annual Report: Mid-April. Gary said they are NOT anticipating a delay on this and it should be filed on time.
Agriculture: Bill Prince said on the conference call they were working towards some EPA tests/approval and hoped to have that settled and good to go by the end of the year. Of everything we have in the pipeline- this is probably the furthest out.
Oil and Gas: Independent testing of the treatment process should be ongoing as we speak.
Agriculture/Cannabis: Don't know too much about what's being explored here but is still ongoing.
All in all
We have more hospitals coming onboard (including the one that was PR'd today). We have a trial in the UK concluding within the next few days and results within the next few weeks. We have debt/financing/filings coming hopefully within the next few weeks as well.
From here until Mid-April is lining up perfectly for us. We should push forward and higher. Long and strong!
Right. And the virus so far as we know is airborne so it's not going to do much if you're wearing a mask and walk into a room where the virus is in the air around you. You're still breathing that air and it's still around you.
I don't believe each individual machine is 8K/month. I believe each system is in the range of 8k a month (can be higher or lower). And each system can include several machines.
The specific cost of the system per month would vary based on the individual hospital's needs, including number of rooms. So a hospital that needs a system with 4 spraycarts would pay one rate. A hospital that needs a system with 2 spraycarts would pay a lower rate, etc..
I believe that's the case. I don't think each individual machine that gets used means a guaranteed additional 8K/month.
Still incredible potential and revenue generating possibilities. But I don't think we should overstate it.
The reason is those surgical masks which everyone can buy at Wallgreens or your local store are not designed to filter or restrict pathogens in the air. They're surgical masks which are used basically so doctors who are operating on people don't sweat or spit or snot into the patient they're working on. They don't filter air. That's the key point.
The masks aren't airtight so when you're wearing one and you're breathing, you're still breathing air from the environment around you.
If you're sick with an airborne pathogen, i.e. Coronavirus or Influenza, etc. the masks might offer some assistance in preventing you from spreading the virus to those around you because you're breathing directly into the masks and restricting how far and how much you're spreading it into the air. It still wouldn't be 100% effective at preventing transmission.
Basically, those dime a dozen surgical masks you can buy down at the store aren't going to do much and it's far more important that hospitals and healthcare facilities have access to them so they can use them for their intended purposes.
They've always had a list with the IR firm which has done a good job of keeping it maintained. Last week they started calling individuals who had phoned into the conference call and asked them if they'd like to be on the list as well. So they're being proactive about it.
You can sign up for the shareholder email list with the IR firm. Just email them info@chesapeakegp.com
Got rid of my PMs but yes. Still in long and strong.
They did not just file a 10K. That comes out in April
Go to his LinkedIn profile and view his activity. It's a recent comment. Very easy to find if you're on LinkedIn.
It was shown on PCTL's Facebook page but the comment itself was from LinkedIn
It's a long process from the first time they make contact to the point of actually getting a system put into place. But once the system is in place, 30-60 day trial is their standard length of time; though they're lessening the trial period now with all the success they've had.
Also realize there is a difference between "1 system" and "1 machine." These are PCT Corp.’s 360 Electrostatic Smart Applicators that are an important of the Annihilyzer Infection Control System.
Those are "the machines" we talk about. The ones that do the actual spraying and disinfecting. And then you have "the system" below, including one of the smart applicators as well. Note the difference.
Hospitals need more than just "the machine." They need a "system." And the system would include multiple Smart Applicators. It's difficult to say for sure how many machines (applicators) would be needed for each client because according to PCTL it varies. Larger hospitals will need more machines. Smaller hospitals might need fewer. Larger hospitals might need more than one "system" and multiple machines. All of this would likely (one can assume) affect the monthly cost per system.
I received a call as well. I believe they're calling folks who were in on the conference call since they have all those numbers. And likely matching them up with names/email addresses to add to their existing list.
$PCTL Gotta love the action here! Looks like some resistance here at .013. Can we slappy slap slap and break on through?
Hundreds of companies have corporate headquarters in California. Hundreds of companies have the letter "O" in their name. Hundreds of companies were founded in the year 1992. Hundreds of companies have a CEO named Steve.
This has been a fun exercise in learning how some companies have some things while other companies have other things.
Tune in tomorrow for our next lesson: "just because hundreds of companies have X doesn't mean it applies broadly to all companies in existence under the sun."
This will be followed by our next lesson: "Correlation vs causation."
And our final lesson:
"I said one of the reasons, not the single, only, no other factor, end all be all reason"
To the best of my knowledge, their financial are always audited which is one of the reasons they're often late. That said, we'd have to close @ a penny for 30 consecutive days so they're still a little ways off from that but it's not impossible to see it happening this year.
We continue to move up healthily despite efforts to bring us down.
- UK Trial over halfway over
- New US Hospitals in the pipeline and will be coming on-board soon
- Independent testing/verification of oil and gas results
- Agricultural trials/testing ongoing as well
Just wait until the UK trial concludes with positive results and we can start talking about real expansion into the UK's nationalized healthcare system.
Seems to me the people who have been "looking high and low for this magical rule" haven't really been looking all that hard.
Nice find, Moon.
Did you try... googling the company name? Or looking at, like, anywhere on this board?
https://www.para-con.com/
Literally none of this is true lol.
Which should tell people all they need to know about what your goal here is.
$PCTL has a lot going for it! And a lot to digest!
A lot going on. I get that some people thought that conference call was a bit of a non-event but I'm not entirely sure what people were expecting.
I suppose they could have used it as an opportunity to PR something and announce it but it generally served as an update/look forward memo; not unlike the 2019 recap they PRed a few weeks ago.
That said, here's where we're at:
-No R/S planned or wanted- this is good. I mean, I get the argument that "Well what else are they gonna say?" And while it's true that no CEO would get on a CC and say "Oh yes, we'd love to do a R/S" lol... he doesn't have to bring it up at all. So he brought it up for a reason and that was to reassure people that this was not in the cards.
-Debt/financing being worked on. They're working on deals that will lead to financing that will require "little if any dilution." The share structure for PCTL is quite attractive in its current form and even a little dilution wouldn't be the worst thing in the world at this point but the fact that they're trying to get it all done without dilution (and are apparently in talks to do just that!) is positive.
Overall, the two points above are very very good signs imho. And while it's true that any of the above can change it's at least telling that the company and CEO want to go about getting things taken care of without going down a route that's detrimental to shareholders.
- The UK Trial is about halfway done. As we know, it's not just some rando hospital in the UK. There are university studies being conducted as well and the NHS is paying attention. The UK deal is potentially very lucrative for PCTL so this is a big one for me and I'm happy to wait until the results are in. I think it'll be HUGE
-More US Hospitals coming onboard and trial periods are shrinking. This shows us growth and positive momentum in the right direction. We only need a few more machines in place and all of a sudden PCTL is profitable. Then the magic starts to happen!
-In talks "companies and government officials" re: Coronavirus. This is one of those things I almost wish they hadn't spoken about because it was nothing substantial. Just a little tease that something might or might not come of it. Who knows what that means or what it entails. We're assuming this means something in China but it could be something else. Another country? The USA? Who knows. Either way, it's very buzzwordy to throw Coronavirus out there without anything further. I feel like they wanted to throw a little red meat out there for people to gnaw on so fair enough. But hopefully more info comes out about that sooner rather than later. If it does entail another overseas expansion to Asia; that's positive. And anything related to Coronavirus would probably send us higher just on the timeliness and relatively "popularity" (if that's the right word) of this issue right now. Hopefully more to come on that!
PCTL is a penny stock. And it's one we're all hoping to see big things from. True, a lot of pennies are risky and it would be silly to suggest there's no risk with PCTL. But good things are in the works and a lot of awesome things are lining up.
I've added a few hundred thousand more shares this week and plan on adding more next week if I can as well.
Just keep in mind this isn't a day trade. This isn't a short-term flip. I mean, sure, you can make some coins that way if you play it right, but this has moved into more of a long-term hold.
I said last year this was a 3-6 month play and if you'd have bought in back when I said that, you're up about 1000% now so, you know, you're welcome
But I'm holding on for better. I think right now PCTL is a 3-6 month hold for short-term gains and an easy 6-12 month hold for more down the road.
IF the company can achieve profitability by Q2. IF the UK deal pans out. and IF they can resolve their debt and financing needs with "little if any dilution" then the sky is really the limit for PCTL. There's some broad timetables for those things:
-UK trial ends in mid/late March so we should see developments there in late March or likely early April.
-Debt/Financing should be addressed within a month or two.
-Profitability they said by the end of Q2 but I'll even give them until the end of 2020 (though it'll likely be sooner).
These three things pan out in addition to anything else going on in oil and gas, agriculture, Coronavirus/China(?), Cannabis, etc....
And we'll all be very happy down the road.
Patience, my friends. I've been here since the .04 days and I plan on still being here well above that.
I see you're new to the stock market. These things move throughout the day. Some things will go up. Some things will go down. Stocks operate in much the same way. Throughout the trading day they move. If you check other stocks today you will see that they have also moved. Some have gone up. Some have gone down.
This has been a fun exercise in learning how the stock market works.
He pretty much just said it on the conference call.
No, we hit a nickel (well, close to it) last summer
Lots of good stuff in the works!
Can't wait for the conference call either! Everyone's been asking the company to communicate better. Well, regular updates will help that.
They fired up the social media accounts
Put out more PRs in January/February
And now an investor conference call
Communication definitely moving in the right direction for sure.
Sounds like we're about halfway through the UK trial too!
Looking like March is gonna be a good month I think!
$PCTL momentum will come.
We're in the middle of the UK trial right now. Expanding into more US hospitals. Cannabis and oil and gas testing is underway, etc.
Patience. We're objectively in a better place today than we were 6 months ago. And we'll be in a better position 6 months from now than we are today.
$PCTL momentum will come.
We're in the middle of the UK trial right now. Expanding into more US hospitals. Cannabis and oil and gas testing is underway, etc.
Patience. We're objectively in a better place today than we were 6 months ago. And we'll be in a better position 6 months from now than we are today.
SEC doesn't care about timely filings of non-reporting pink OTC stocks. So if that's your biggest worry, relax. Filings are being held intentionally for strategic purposes.
The fact that you think a pink stock's price being down less than 1% as of 10:23am on a random Wednesday in February "speaks for itself" means that no, you do not need to say more. I know all I need to know about you.
Plug your damn phone in, you heathen
I don't think anyone knows for certain. The "normal" trial period was 60 days. Gary had indicated previously that the length of trial was coming down to 30 days but we don't know for sure if that includes the UK trial or if that's a hard change going forward, etc...
That said, with all the eyes on the UK trial including the NHS- I'm certain they'll want to do their due diligence so would not be surprised if it runs on the longer side of 60 days.
Far as I'm concerned, with the massive potential in the UK- I'd like them to take all the time they'd like to see the proven system in action.
Legit question: Are you new to trading OTC?
The trial began on the 15th of January and will run for approximately 30-60 days. Gary had previously indicated that they were moving to a shorter trial period (30 days) but it's unclear if that would be beginning now with this UK client or if that was going forward.
Given how beneficial the UK trial could be for PCTL, and that Britain's National Health Service is taking an interest in this trial, I would be surprised if it didn't run a little on the longer side so they can be thorough. So we may hear some things by mid February or it may take a bit longer.
A successful trial could open up a HUGE market for PCTL in the UK. Especially if the National Health Service signs off on it or recommends/mandates it.
They can take all the time they'd like in my opinion.