STAY AWAY FROM PCTL TICKER PER 10Q INFO
Some pointers from 10Q (not too good)
Page 22 "Changes in Internal Control Over Financial Reporting "
I'm thinking they have undisclosed debt in here, read the paragraph, I've seen this before non accounted for losses or cash burn that will come up later or by EOY or undisclosed debt.
Excuse? "The material weaknesses relate to the limited number of persons responsible for the recording and reporting of financial information, the lack of separation of financial reporting duties, and the limited size of our management team in general."
2 million shares will be dropped into the float on "March 15, 2018" about about 200K by next quarter. (Item 2)
MAJOR
Item 3 "We have entered into a number of promissory notes, one of which is in default as of June 30, 2018, or went into default before the filing of this Quarterly Report (See Note 6 to the financial statements)."
Item 5 "At any time after 180 days after the date the Power Up Notes are issued, the Power Up Notes are convertible into our common stock, at Power Up’s option, at a 39% discount to the market price, which is defined as 61% of the average of the lowest three (3) closing bid prices for the our common stock during the fifteen (15) trading days prior to the conversion date."
STAY AWAY UNTIL AFTER THE DUMPFEST DO NOT ENTER RIGHT NOW IMO
