PCT Ltd (PCTL)

[skitahoe]

While I do still believe that PCTL's missing quarterly and annual report should be filed ASAP, I note the SEC has given some companies 45 days additional due to coronavirus. The delinquent report is certainly still overdue, but if they qualify, their annual report may be able to be further delayed and not be late.

Based on the companies remarks, they should be profitable in the current quarter, which just started today. The second quarter would typically report mid August, but that too might be delayed by coronavirus. I do believe the company will employ other ways of keeping us informed, as they have in the past, but Institutions, and many investors don't pay much attention to thing like podcasts, they want to see audited financials.

By the fourth quarter of the year it's very possible this will be a very different company. Hopefully by then they'll be slammed with both orders for new equipment, as well as the bulk fluids they're delivering. They'll become quite profitable, and the share price should reflect it.

Gary