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Funny how PCTL hires a new finance team but cant pick up on the error that they lost 500 million last year quarter over quarter instead of 500 thousand.
Crack team they have over there
My take: great that warrants are settled. A very slow move towards 5 cents over the next year seems warranted. With additional news, will proceed to move higher.
0.02059 is target share price based on 2020 revenues of 4 million at a 4x multiple
0.0514 is target share price based on 2021 revenues of 10 million at a 4x multiple.
770 million shares is still quite a bit of dilution but hopefully its pretty much done now.
Wow. Congrats to pctl on warrant settlement. Might consider opening a new position. Will have to review valuation again.
Price target raised to $21 https://www.streetinsider.com/dr/news.php?id=17648917
All i knew was stock was ridiculously undervalued and options were cheap at that point. $7k calls at $24k now. Heading higher!!!
I currently own 160 january calls lol. Gone from $7000 to $19,000 so far. Expecting the stock to run to $18-20. If so, ill turn that 7k into 70-90k
Easily $20. 200mill cash on hand post merger. Company additionally has 130 million to buy back conversion stock so it affects OS less. Fidelity is pipe so early sales are unlikely.
So much upside
Sorry. I mean DEFM* not DEFA
Dmyt submitted proxy materials to SEC. They received comments back by 11/9/20, and filed the updated proxy on 11/12/20.
As soon as the SEC signs off on the changes, DMYT will file the DEFA with a shareholder vote date 7-14 days out.
1-2 days after that, we will merge and start trading as RSI. Based on these timeframe I would expect DEFA by next Friday and vote date 1st or second week of December.
If revised proxy needs additional editing, then it will be extended.
Looks Like maybe we will see 0.01 again....
Wow. Major dumpage. 663,000 on the ask.
Gary is giving out shares like candy. 400 million to go lol.
Gonna go from 880 k to 784 to 2 million? They sold less product and had less leases quarter over quarter.
Easy answer, they lost placements. Growing my butt.
447 million warrants still there at 0.00035 (page 20)
2.4 million in convertible notes still to be settled (supposedly replaced)
Q2: 881,000
Q3: 784,000
MAJOR GROWTH LOL
20x earnings give this a market cap of what? 140,000? Check back next year.
Q2: 881,000
Q3: 784,000
MAJOR GROWTH LOL
Oh. You mean the decrease in revenue from q2? I thought the company was growing?
Oh look, 2.4 million in convertible notes still on the books (supposedly resolved in q4) and the 447 million warrants still there on page 20.
I have no agenda other than reminding people that there are 447 million warrants at 0.0003 that will be executed over the next 1-4 years. And to keep that in mind. Thats all.
And I would like for the company to acknowledge it. Doesnt mean the stock price wont go up, just has to be built into expectations.
Paying off convertible notes does not eliminate warrants, but ok. We will see if they are actually able to file their 10-q on time monday wont we?
No. It hasnt. The company said it was addressing convertible debt. Those are not the same things.
Sigh... we shall see when the new 10-q comes out wont we. The earliest expiration is 2021, so its not a near term factor anyway. But nothing from the company so far has indicated they have been taken care of.
You are not comprehending what I am saying. I am not talking about notes. I am talking about warrants.
These warrants cant be paid off. Thats not how warrants work. They will be executed, causing 447million shares to be added, with the company receiving around $120,000. Terrible return, but it will happen. Most arent expiring until 2023, and 2024.
However, 142million expire 11/28/21. So i guess you have at least a year.
Look at page 18 on the last 10-q. That is where you will see the warrants. 447 million. This is completely separate from the convertible notes.
That is not what the filings say
Most likely these warrants belong to executives, contractors, or employees of the company.
I don’t think you understand the difference between convertible notes and outstanding warrants. The convertible debt has been taken care of by settlement and rolling over to new debt with better terms.
The warrants have not. Read the filings. Someone or a group of people have the right to exercise warrants equaling 400,000,000 shares at 0.0003. Some are a little bit higher than that.
This is completely separate from the convertible note debt.
They replaced it with new convertible debt. Albeit at 0.15. So thats better. But convertible debt Definitely not paid off. Ask them about the 400m warrants still on the books at ten thousandths of a penny
Replaced old debt with new debt. Not bad terms. However, they still refuse to address the 400 million convertible warrants at 0.00035. The notes may be gone, but those are still in place.
Vote is not today. Today is the record date for having the right to vote. Still waiting on vote date.
DE. what warrants has the company cleared exactly? Zero that have been reported.
Convertible notes yet. They began to clear some. Unless youd like to share more non public information?
Last time you did that there was a biggg announcement coming from fort wayne. Something about an empty page on their website. Nothing came of that.
And i didnt sell at the top. I sold around 0.06. Bought back in a little bit today actually and am down 10%. I liked the news and guidance. Doesn’t change the fact that the warrants are there and are a huge problem. At any time they could tank the stock price. Risk reward is admittedly getting more attractive if you plan on holding a while
Now I am a Bs’er because I know how to read financial statements. Got itttt. Todays news was good. But until they address warrants, it is weighed down.
And why exactly would you think that? You know something other than what is on the most recent filings? 400million warrants outstanding at 0.00035
This just isnt true. No warrants have been paid off or out. SOME convertible notes have been.
Aww. Sorry about that bud. Another way to look at it is you lost 78,000 from the top because of Gary’s incompetence at the time. Soooo yea. That sucks
Hahaha. Losing 80% of your money doesnt matter. Right. Got it.