PCT Ltd (PCTL)

[God_Father]

Folks, please note that the Reason for the "Not Timely" NT-10Q was due to review of financial statements. "Legit" companies undergoing mergers can file a 10-Q.. the fact is that PCTL is an SEC Report Delinquent company. If the reason for the NT-10Q was a merger, they could've stated it and not just that the financial statements are pending review.

The Registrant is unable to file its quarterly report on Form 10-Q within the prescribed time period because the Registrant is awaiting final review of its financial statements for the quarter-end and completion of XBRL conversion of its financial statements. The Registrant currently expects to file its Form 10-Q for the quarter ended June 30, 2019 on or before the fifth calendar day following the prescribed due date for the filing of the Registrant's Form 10-Q.


Companies that fail to file a Form 10-Q or 10-K on time are required by SEC Rule 12b-25 to file a Form NT (for “Non-Timely,” also known as Form 12b-25) no later than one day after the due date. Timely filing of Form NT results in an automatic one-time grace period of five days for 10-Qs and 15 days for 10-Ks. Form NT also requires management to explain the reason for the late filing and declare whether it expects to subsequently file within the allowed grace period. Companies that file Form NT on time and subsequently file within the allowed grace period are considered by the SEC to have complied with rules and avoid SEC-imposed penalties.[1] [color=red]Conversely, companies that fail to file within the allowed grace period are subject to a variety of costly penalties, including deregistration by the SEC, delisting by stock exchanges, the inability to raise capital through issuance of public securities, and potential debt covenant violations.[2][/color]


INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (See 18 U.S.C.1001).