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What I'm seeing is purposeful manipulation on extremely thin volume to induce fear selling.
You make a great point!
I do agree with this. Many didn't read past the paragraphs detailing the termination of the LOIs yesterday. Or after reading it, they were already in a state of frustration and negativity that the following paragraphs detailing the improved tech and hospital contracts didn't fully register.
I've been critical of the company's marketing strategy from day 1 and really wish they would have released the termination of the LOIs and the hospital related stuff in a separate 8k. Might have soften the blow a little or maybe may not have made a difference. Who knows. At least for now, the merger stuff is dealt with and I believe unless I'm wrong that the next set of notes aren't due for conversion until December. Looking forward to hearing positive stuff in the next couple months.
Good morning all,
I spoke with Gary yesterday. Just backing up what autovaton mentioned in his/her post. Gary mentioned that they were the ones that walked away from the deal. Also mentioned that since hospitals in the States are part of a network, it gives them easier accessibility to other hospitals as their product has continued to produce positive results so far in the hospitals that they have their products currently installed in. Look for more contracts with hospitals to come soon.
Also to further back up what autovaton said, Gary did mention they are aggressively addressing the debt. I personally feel that the fact that the company is still in its infancy and is able to produce revenue nevermind seeing growth in its revenue on a quarterly basis is a rarity in the OTC.
I highly encourage those that may have any doubts to contact Gary or the company. Gary in particular was extremely open, honest and easy to talk to. If you get his voicemail, just leave a message and he does contact you back. Suggest you do your own DD instead of believing some of what people post on this board.
Cheers all.
Alot to like about this 8k. Fact that they themselves terminated the merger speaks to the confidence that the company has in its product's worth. Even with the debt that the company has, they appear to be holding out for a better deal that reflects the product's potential value down the road.
People here clearly not reading the second part of the 8k which states that a more efficient system has been developed and that they have secured yet another contract with a hospital. This product is slowly gaining recognition and I look forward to hearing new contracts with other hospitals to come and hopefully a better deal from an outside investor.
Still in this for the long haul and believe this is truly a patience play. Could their marketing use a little work, yes. Realistically lots to be positive here. For a company still relatively fresh, they have been able to increase the revenue on a quarterly basis as evident by their 10q. I'm also highly enthusiastic with their statement in the 10q in regards to becoming close to profitable by the end of the year.
Does the company have debt. Most certainly. Will be interesting to see what route they take whether it be an outside investor or potentially increasing their AS which I'm fine with if their revenue continues to grow. Hopefully there's a company out there that could perhaps offer better terms than what was stated in the LOI in that Ontario deal as I believe that what their product can do is worth so much more.
If you truly believe in this product, just gotta dig deep for the long haul and give the company a chance to continue to work it's magic and grow.
I think we will see some updates shortly over the course of the upcoming weeks. Really believe there are good things in the pipeline that hopefully the company will share with us soon. Just continuing to stay positive and all these above thoughts are of my own opinion of course. Good luck to us longs who will be willing to stick it out.
according to 10Q they filed on Aug 20, 2019 with NVSOS for the designation of 1,000,000 shares of authorized stock as series B. Effective date for that was Aug 21, 2019. NVSOS does reflect that change.
This new filing was done August 14 but only went into effect today.
looks like it was filed back on August 14, 2019 and just went into effect today. Just over 30 days. Could mean nothing or something to do with quiet period perhaps. just my own opinion
I've actually been trying to contact Gary for the past few days. Sent an email and left messages. I simply just wanted to chat about the company product but I keep getting his voice mail and no responses to my emails. I'm wondering how some here have managed to get in contact with him.
Pretty much why I don't trust those who have said they have talked to him when I've been trying with no luck unless I have the worst luck possible.
Lol I think you mean to say that you are the BSer. One only needs to look back at your posting history to know not to give credibility to your posts. Company will release updates when they are good and ready.
That I don't doubt. Might be even higher by then. Look at the crazy volume here everyday and the price hasn't changed.
I'll believe that the so called financing has been "selected" when I see an actual 8k stating the names of the sources of where the financing is coming from.
Gone up 200 mil since I last checked with TA last week.
you can clearly see it being manipulated to walk it down over the last bit.
I still continue to remain hopeful and positive but I won't lie, some of that is dwindling day by day. I'm truly mind boggled that a company with an actual product unlike the other 95% of companies on the OTC that also has a great share structure is sitting at this current SP. For some that have mentioned that the CEO has alot on his plate and to give him a break, to that I say look at his past work experiences. He's someone with a proven established track record and so giving him a break I think doesn't apply here.
I mean seriously, the product was one of the top innovations of this year at the TIPs conference. If I had a product that garnered that success, I think that in itself would make a great PR in order to attract other potential clients/investors.
I don't mind the results of the 10Q but the marketing part of the product has been a little underwhelming thus far. Sorry for the rant but I just feel that so much more could be done. Here's to hoping they improve the marketing aspect down the road.
Yes the charts are showing that the SP could potentially continue to drop but on the flip side as others have said, won't take much to swing this into the green. I personally just hope it doesn't take like 4-6 months for updates.
All thoughts here are of my own opinion
The more I read over the 10Q, my concerns lessen. Accumulated debts is normal for any companies on fresh legs. I'm encouraged by the increases in revenue. The fact that they are keeping a portion of common stock reserved for note conversion speaks to the fact they aren't trying to increase the AS to dump more shares. I feel that PCTL is trying their best to grow the company and at the same time really trying not to inflate the SS.
I'm hopeful that the company will release some news about possible new contracts. I think the current contract with Morgan Stanley is not to be taken lightly and that if anything would help bring their product into the limelight even moreso. Hopefully that contract with Morgan Stanley together with the TIPS conference will further their standing in the HAI industry increasing awareness of their product with other big hospitals.
It's always tough to see tough drops in share price and especially on such a speculative market like the OTC. However, this is one of the few companies on the OTC that actually has a product that hopefully proves extremely beneficial in the long run, the product is actually being used by hospitals (one of which is a well known pediatric hospital) and the company is quite transparent in its filings. Hopefully there is an investor out there who sees the value of this product that can help this company get over the hump which it does need at this time.
One thing that sticks out is as many of you are all aware of is that the company in the past has filed its Qs relatively on time and even when late, it does meet the filing criteria. Only this time, the current Q being the lone exception. I personally don't feel that anything in this Q would have warranted such a huge delay so why was it filed so late? Wish I knew the answer to this one. Think it might solve a few of our questions which leads me to the line in the Q that refers to the company potentially being close to profitable by the end of 2019. I'm sure the company knows that its shareholders would be reviewing the contents of this Q and so far its been pretty transparent about debt and so forth so for them to make that statement considering the amount of debt they have, I think it's something not to be taken lightly. Feel like there's more coming.
Just trying to look at the positives and hopeful for better days ahead for everyone.
These above statements are all of my own opinion of course.
Hate to say it but I'll believe this news when an actually 8k comes out to confirm financing because all I've seen since the RS is constant dilution.
Thanks for this and hopefully this comes to fruition this week.
Decided to contact the TA to ask about the current share structure. Here's the response.
There are 1,281,382,132 shares outstanding and 1,273,900,201 shares in the float.
Definitely disappointing news considering what it was right after the RS.
Much appreciated. Thanks
Good morning folks. New member here. Love the potential future outlook for this company and like many others, waiting on them to post their Q and other news. Had a question in regards to t-trades. Noticed there was an after hours transaction (t-trade most likely) and was wondering if anyone knows the size of the t-trade. Thanks