PCT Ltd (PCTL)

[SeanBoy]

Is this the loan you speak of?
On June 21, 2019, the Company entered into a promissory bank loan with a non-related party for $6,741 of which $641 was the loan fee or original issue discount resulting in cash proceeds to the Company of $6,100. The note is due on April 8, 2020 and results in an annual percentage rate of 41.38%.

Of course it is. Less than 3 months ago, they had to borrow money at 40% interest. Banks don't charge 40% interest for companies that will be profitable in three months. The loan was made in desperation, and now with the second failed merger, PCTL is a train wreck waiting to happen.

But you go ahead and buy up all these cheapies, what possibly could go wrong.