PCT Ltd (PCTL)

[Not_on_the_rug]

All of the O/S are either converted or reserved for current noteholders.

It's impossible for these guys to take on more debt or trade equity without issuing more shares. I (naively) hoped pctl was buying back their own shares on the open market. Looks like I was completely wrong.

Can any of you longs explain the mechanics of how a deal would work where the A/S doesn't go up? I can't think of anything, which is why I sold this afternoon.