PCT Ltd (PCTL)

[agua77]

Based upon the information posted on this board, given by the TA during this delinquent financial period, we do know there was an increase in O/S. The increase in share count entering the O/S and float would have had to most likely come from conversions. Under regulatory guidelines this should not have happened. As far as the company diluting, I don’t think so despite the misinformed claims by some on the board....


“Companies are required to file a Form 8-K to inform investors when shares of common stock are sold in transactions that are not registered with the SEC under the federal securities laws and constitute at least five percent of the total stock held by their shareholders. Companies also must report when they’ve entered into a financing agreement not made in the ordinary course of business. These disclosures enable investors to be aware that stock dilution has occurred as a company issues additional shares in a financing transaction or other unregistered sale that has the effect of reducing the earnings per share and an investor’s percentage of ownership in the company.”