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Friday, August 02, 2019 10:03:10 PM
These guys have almost zero cash on hand. The magnolia deal falling through screwed them and set the stage for conversions that max out the A/R. They really can't sign any more notes right now, because the can't collateralize them with shares.
Also, I find it hard to believe that retail has propped this stock up through all of this massive dilution. Float has quadrupled, and the price is still roughly where it was when the 8K dropped. If it were the ham and eggers on this board buying the shares, the price would likely be back in the $.003 range.
Someone is buying the shares, and Pctl has enough money to keep the lights on. Sounds like that aligns with the deal that was loosely laid out in the 8K.
Just an opinion.
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