PCT Ltd (PCTL)

[SeanBoy]

No deal means no reason for them not to convert.

You have to believe that they can read an 8K (just like anyone who bothers to) and know that the deal is off. The reason for not converting could be that they get unregistered shares when converting and they don't believe they'll what they paid for them if they convert now.

On a positive note, the pps may dip below 1 cent today, but should close above. Can't say that for the rest of the week.

Glad to help.