PCT Ltd (PCTL)

[Dclutch72]

You wouldn't think but there are a few reasons why this might be the case. Not the least of which is that Ontario might be requiring an outside audit of the 10Q prior to closing on the deal.

I would have to assume the deal is still on and ongoing otherwise there would be no reason to not file the 10Q in a timely fashion. However, if Ontario is requiring an outside audit to confirm financials (whether they're good, bad, or neutral), that would be the most likely scenario for the delay.

Additionally, if the deal is being closed and/or if a buyout is ensuring, then I believe a 10K could be issued instead of a 10Q- which takes longer to prepare.

In any case, a 10Q is typically a ho-hum, no big deal kinda filing that doesn't take too long to prepare. It can also be updated/amended after filing if need be.

So the options are:

Something is holding them up from filing. What exactly, we don't know. Could be a deal, could be something else, but SOMETHING is delaying it. Whether they are just delayed because they are focusing on this other thing or the filing itself is delayed because it is contingent on something: we don't know.

Or:

They just don't care about filing it so no biggie, they'll get to it eventually. I can't see this being the case given their timely filings in the past.

So I'm opting to go with option 1.