Just for the record for flippers and bid-wackers, here is how irrational selling is currently.
As of March 31, 2019 there were 45mmish shares outstanding. On April 1, 2019 the price of $PCTL ranged between .15-.18. For simplicity, at a price of .165*45mm, that gives a market cap of about $8mm.
Between March 1 and now, we know the following: (1) we know the company has shed toxic debt; (2) we know that they have partnered with a badass from Canada, among other notable sales reps; (3) they have made additional sales, with options and talks to expand even more; (4) revenue has increased, not decreased. More simply put, the company should be more valuable today based on these developments, not less.
$8mm/195mmish shares (most recent number I saw on the board) equates to a share price of about $.04 (what a coincidence). And even that is understated, as it assumes no growth in the value of the company, which we just established is a poor assumption. Even by slapping the ask currently, you're still getting shares that will appreciate by well over 200% when these notes are all converted and the shares are accumulated properly.
Even if you wanted to consider things on a revenue basis... The Co. is increasing sales exponentially. Assuming no growth on a TTM basis, revenue is 400k. Since they were only operating for two of those months, I am going to extrapolate and say that revenue should be twice that this year ($800k). Generally, for revolutionary tech plays that are just getting started a 10x revenue multiple is on the conservative side. Again, on that basis the Co. is worth about 8mm (again, no coincidence)... Valuation theory still applies to some extent when OTC Co's generate enough attention.
So, yes... please continue taking the price down. As soon as the dilution ends, you are going to see this thing shoot to .04 (likely more) and realize your impatience caused you to lose. Despite being the OTC, there are opportunities that can be priced properly and liquid. If you can't recognize that this is one of those opportunities, you really shouldn't be playing in the OTC at all.
