PCT Ltd (PCTL)

[BRITT2575]

PCTL BOASTS A FAIRLY STRONG BALANCE SHEET AND PLANS TO LIST ON A MAJOR EXCHANGE
PCT Ltd has a fairly strong balance sheet. The company has $4.6 million in assets against just less than $1.0 million in debt. In January, the company secured a financing deal for $0.5 million to fund its development programs. For example, the company wants to hire more sales people to enable it grow its revenue faster and move toward profitability quickly.

At the same time, the company plans to upgrade the listing of its stock to a national securities exchange like the NYSE or NASDAQ. That would increase its exposure to large institutional investors while making future fundraising easy and cheaper. Moreover, listing on a national exchange would increase the stock’s liquidity, which would be a big plus for shareholders.