PCT Ltd (PCTL)

[NextGenCapCG]

I knew this would get restructured. The deal as initially proposed made no sense once the market caught on to the true value here. When initially structured, Ontario was getting 51% of something that was valued by the market at like $1mm before the deal and capital injection were announced.

The market cap is now $6mm and that is without the deal closed and people at peak skepticism.... That would have been a hell of a winfall to Ron. I would not be surprised to see the equity portion of the deal reduced to reflect a more fair valuation. In simple terms, that means the company will have to issue less shares meaning less dilution for us shareholders. It won't change the amount of money Ron contributes to the company.