Saturday, August 24, 2019 7:27:29 PM
News of the deal is what we're waiting for but here's the thing. For all the people complaining on here about how the company *needs* to do this, that, or the other thing..... they're not *really* under any obligation to update anyone on their deal. It's not a binding agreement with a hard deadline. They're just talkin' and it can continue as long as they want or need.
We'd like them to update us, sure. But let's assume for the sake of argument that the deal is not off, they're still talking/negotiating/working out the details. Let's assume that.
If they chose to release an update prior to the deal being closed (which most companies would not be inclined to do), you know what it would say?
"The company is continuing discussions as outlined in our previous 8K. All parties are negotiating in good forth towards a hopefully positive and mutually beneficial outcome for all involved."
.. In other words, "we're still talking. Nothings done yet. Go away."
I take the fact that they're late in filing their quarterly report as a good sign honestly. They've never been late on it before (even when they've filed an extension, they've come through in due time) so the fact that they're late on it tells me that either:
A. Their attention is focused elsewhere which okay that's not *good* but they're a small company so it's understandable. Everyone probably wears many hats.
B. Part of the deal / negotiations may be contingent upon what the quarterly results are. Did revenue increase? Did sales increase? Did costs increase, etc...
It could be that in order to solidify the deal, this information needs to be hyper accurate and is being audited by 3rd parties for accuracy prior to filing.
OR....
Option C. The deal is already done and the "new" company is now coming on board and handling the report. This is speculation of course because the report was due ~10 days ago at this point so why wouldn't the OG team do it but... it's a thought.
Either way, we haven't had an update that counters any of the above theories or ideas so we're back where we were from the beginning and that is we simply don't know.
Whether you believe the supposed emails or phonecalls people claim to have had with members of PCTL is irrelevant. It's irrelevant because:
1. Assuming they're all true- then we're right back where we were a week ago. Talks are ongoing, they're working to get stuff done.
2. Assuming they're NOT true- then we're still back where we were a week ago. Talks are ongoing and they're working to get stuff done. That was the last official update we heard so nothing has changed.
I've seen nothing to make me think this company isn't working towards a great deal. I also think they have a lot of other awesome things in the works. New deals, new sales, perhaps new territories and building out the other applications of the technology.
I know it sucks the price has gone down but hey, nothing moves in a straight line, friends. Hold strong and I think we'll all be happy here within a few weeks.
Recent PCTL News
- Form 8-K - Current report • Edgar (US Regulatory) • 10/05/2023 02:05:09 PM
- Form 15-12G/A - Securities registration termination [Section 12(g)]: [Amend] • Edgar (US Regulatory) • 07/18/2023 07:06:52 PM
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 07/13/2023 04:32:57 PM
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