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 don't think they can file an NT for the K if they have not filed the Q which leads me to believe both the Q and the K will be filed together.
All imo.
Just checked Edgar, no filing.
Just MMs doing their usual.
I'm a long here as well. Been here since last summer. Those that were here know that I was harsh in my criticism towards the end of last year with management and their lack of communication back then. It was a rough ride around November, December.
However, they stepped up in January of this year with setting up Twitter, Facebook, email and phone correspondence, getting an IR firm, etc so it's definitely positive to see that they listen to shareholders.
Only the longs that have been here know the ups and downs this company has been through but I've stucked it out. It's been a hell of an improvement if we compare this year to last. Not trying to pump here but I think we can safely say they have made leaps and bounds over the last couple months.
Once current (don't know when but I would imagine soon as the K is due in 2 weeks) the company should make that next leap forward. Truth be told, this company doesn't belong here in the OTC. With what it's doing, it belongs on a more reputable exchange but I believe that will come in time. Sometimes you gotta crawl your way out from the bottom to appreciate the success when you get to the top.
All imo of course.
Unfortunately that extension does not apply to the delayed Q from last year. The SEC is granting an extension only to filings that are due between March 1st, 2020 to April 30, 2020.
Take 3 deep breaths
Breathe in, breathe out some stupidity
Breathe in, breathe out more stupidity
Breathe in one last time, breathe out all remaining stupidity
Hopefully what remains inside is the fact that you remember what this company is doing and all the actual facts that you can find (EPA, Patented tech, Actual business location with real people doing work, real hospitals that have their product installed, real professionals in the health care industry that have commented on the product and have expressed interest in it), need I go on?
All imo.
No worries! All good and yes I do agree that it's definitely a good thing that the patent is active.
Good luck!
The application status is active is just something that updates everyday to let us know that the patent is still active from when the application was granted. You'll see the application status is active date update itself everyday.
Post by Alex Guttman (Ace Jan/PCTL) about an hour ago on LinkedIn stating they are the only ones that can produce 600 ppm. This is pretty important imo.
If someone here that knows how can post the picture of his LinkedIn reply that would be great.
Feel that this part of the PR released today was worth mentioning:
We are very pleased to receive approval for an "emerging pathogens" claim on our product label," says CEO Gary Grieco. "It represents an important step for us as a business and in helping to control the spread of infectious disease as a whole. Additionally, we are now prequalified for future emerging pathogens of any virus classification."
Glad to have helped!
No problem! I'm sure someone would have posted it today if not me. All that matters is that it's one extra thing that validates the product that helps us shareholders:)
I think this is a huge step in validating that their product works against the virus. Adds even more validation to the UK trials as well.
EPA approval in today! Scroll down about halfway page 1. You'll see the company name PCT Ltd and their solution hypochlorous acid
And product Exelyte Vet
Here's the link: https://www.epa.gov/pesticide-registration/list-n-disinfectants-use-against-sars-cov-2
Someone correct me if my eyes are deceiving me!
Nothing wrong with their products at all as you mentioned. Completely legit.
People are just waiting to see the filing of the Q and the company get current.
all imo.
Great Post! They are clearly working their butts off.
Agreed and great find. 10k gallons would be 560k. Let's just assume a little less than half that at 250k revenue. insane revenue instantly too as they make it. People aren't seeing it. No need for trials as well.
People forget that they have multiple streams of revenue and this is just one of them. If you can earn 250k revenue (this is just an estimate by the way) on a weekly basis, why wouldn't you take advantage and continue to grow this revenue stream.
Boggles my mind the thinking of some of the others here.
all imo
Great PR guys. Some of you need to do the math on this. I believe 10000 gallons was approx 120-150k revenue on the low end as calculated by someone here previously. They sent out an order on the 18th last week and just sent another one out again as per the PR. That means they are possibly sending them out on a weekly basis.
4 orders a month times let's say 150k= 600k
Take this and roughly I say multiply by 12 = 7.2 million a year in revenues! This is instant revenue, no trial needed. Gotta understand you guys how much revenue is coming in now.
And this is without them ramping up orders.
Don't forget to add in revenues from the leases of their machines plus hospitals that were done but have yet to be PRed.
Plus the UK deal which I'm guessing another few more weeks.
I've heard confirmation of Q this Friday from some on this board. Don't know. But hopefully it does come. Seems like it's on track to.
All imo
I'm in agreement with you on this. Have a feeling that they may possibly have a timeline of events to be released once that Q hits. Fingers crossed for this Friday. The wait is almost over.
All imo
Yup same here! Looking forward to an overall great week!
Though there might be a short term drop with the Q filing, in my own opinion I don't think there will be. The filing removes the stop sign and brings the company current which allows existing note holders to immediately start converting past notes that were due.
Gary stated in the conference call that the remaining notes would be paid off so we should also see news together with or shortly after the filing of the Q showing this which would be a huge positive/catalyst.
All imo
Thank you for this.
Let's just agree to disagree.
I know you're just as positive about their product as I am and let's leave it at that. No point getting into an argument about something when we both want to see this company succeed.
Let's keep our fingers crossed and look forward positively to a great week. I believe he will come through.
All imo
As I've said in my previous posts I do know. It's to prevent the note holders from converting and to allow the company to settle debt.
My issue isn't with that. My issue is moreso Gary coming out and giving timelines and not hitting them. Don't give timelines out publically if you are going to keep changing it. I would have rather he just said the Q will be coming once everything is in order instead of saying 2-3 weeks, then mid March, then 10 days. Been here since last summer so I'm quite aware.
Can you imagine running a business and telling a client I'll have this done by this day, oh wait no, another week, oh wait no, let's do it in another week.
I personally don't think the issue I'm bringing up is unfair.
That being said, I'm still trusting that he files it this week. Their product is just too good for this to be an issue. Just get current, and let's move forward positively.
All imo
Yup agreed. Come on PCTL, you guys have such a great product, forget all the picture posts and let's get the financials in order. It'll go a long way in instilling trust.
I still think there's a possible reversal here this afternoon but who knows. I usually don't like to rely on charts for OTC stocks but this one has been charting pretty well. Green doji on Friday after 3 red days was indicating a reversal possibly today.
All imo
first off I've always been positive on their product. I think their product is legit and is making positive changes in hospitals.
That being said, all that stuff Gary's mentioned about people working, back and forth with auditors. If this were the Q1 of this year, then I'd empathize for sure.
But this is the Q3 from last year. Numbers should already have been done a while ago. More over, Qs are electronically submitted. I also understand the Q was delayed for the purpose of trying to settle debt. I do believe and hope it's settled now. I think the issue people are having and losing a little confidence is because he's already publically given out dates which he keeps changing. That being said, I'm going to trust that he's going to get it in this time this week.
All imo.
I've been saying the onus is on Gary to stand by his words and get the Q out. Credibility on the line. He's publically stated dates in the past and has kept changing it to the most recent one stating 10 days. You can have the best product but if you can't stand by your words, you'll lose investor confidence. Let's see if he pulls through and gets it filed this week.
All imo
Let's see if that Q gets filed this week to bring the company current. Credibility on the line. No more excuses about auditors and people not working and having it going back and forth not to mention filings are done electronically. It's the third Q from last year which means numbers should be in already. I understand why they have been holding it back but let's see it this week.
I like to think the debt is now resolved. Let's put that behind and move forward this week.
All imo
I'm assuming the increase in the restricted shares this week was some sort of equity compensation going towards the debt but I guess we will find out.
All imo
Hello GoldiS. You seem to be in constant contact with the company and I appreciate your posts. Do you know if they have managed to figure out the convertible debt situation?
Hey bud, just saw on a Twitter post that you are now working with the company? Gotta say, going to miss your posts. Good luck.
I get it, everyone here is frustrated. Heck I am too. Personally seeing the post by the VP today was uplifting but at the end of the day, I get it, they gotta file that Q. I've said it before, onus is on the CEO right now to follow through on his words to file. He said 10 days in the last podcast. Let's trust that he'll do right by the shareholders. His credibility is on the line. I believe he will follow through.
All imo.
Thanks for this! This needs to go in big bold letters in the ibox!
Thanks for confirmation. Do you know what this means for the UK test results from the 60 day trial that we are waiting for? The results over there are going to show the same!!!
all imo
agreed completely. BTW look at the recent tweet by the company just minutes ago
We are actively pursuing every credible and realistic possibility so we can expedite (even further) expanding our efforts to supply equipment and solutions to those who need it/them the most. We’re serious, determined and we’re here for the long haul. $pctl
— PCTL (@PCTL_) March 20, 2020
Appears that EPA approval went through quite possibly.
Doesn't look like he's made a mistake in saying it either as in his post, he not only hash-tagged coronavirus, he also specifically states it SAFELY kills covid-19
all imo
Holy sh*t
They are now in most healthcare systems in NYC..
Do you know how many healthcare systems there are in NYC?! There's a boatload!
NYC has the largest municipal healthcare system in the United States.
Yup, read it today and jumped for joy!
For the last time, there's NO dilution ongoing at this present time. The number of unrestricted shares has remained unchanged as per the OTCM update today.
Only the number of restricted shares have gone up by 13 million. These shares represent equity compensation and cannot be converted at this time.
All imo
Nice looks like equity compensation was given perhaps in return for debt settlement and/or financing.
At least this increase in restricted shares and NOT unrestricted shares settles the debate about dilution. There's NO dilution going on right now.
All imo
Great post and completely agree with everything you've said. Love their product and love what they are doing but credibility goes a long way and it doesn't take much to lose it here in OTC land.
The CEO has now come out publically not once, not twice but three times now in the last month stating dates when the Q would be released. During the Feb 20 conference call her said 2-3 weeks, then in the next PR he stated mid March and now on the recent podcast he stated 10 days. I understand the reason and the process behind the delay but I do agree that if he is going to publically come out and give out dates that the company will file then the onus is on him to follow through.
I do believe he will follow through as there is alot at stake here.
All imo.