PCT Ltd (PCTL)

[nybull29]

Thought the same about 2 weeks ago. Than I reread the LOI. Looks like Ontario wanted executed payout letters, than time to review it before closing the deal. Just my .02 ... well .0095 now SMH

The LOI provides that the parties will carry out due diligence and will proceed reasonably and in good faith toward the negotiation and execution of definitive documentation regarding the Proposed Transaction. The completion of the Proposed Transaction is subject to the receipt of all necessary approvals, all required consents and other authorizations of any regulatory authorities, shareholders or third parties (including executed payout letters from each holder of the Convertible Debt), and satisfactory due diligence review by Ontario, in its sole discretion, of all of the relevant corporate documents, contracts, liabilities and material agreements relating to the Registrant