PCT Ltd (PCTL)

[jimr1717]

If one looks at the 10Q it's hard to understand why common equity shares trade at all. A company that defaults on it's debt has no equity.

It's no wonder they didn't want to release the 10Q.

https://www.sec.gov/Archives/edgar/data/1119897/000155479520000097/pctl0412form10q.htm

Quote:
ITEM 3. DEFAULTS UPON SENIOR SECURITIES

We have entered into a number of promissory notes, some of which are in default as of September 30, 2019, or went into default before the filing of this Quarterly Report (See Note 6 to the financial statements).

In addition, we have insufficient common stock reserves for the convertible notes we have outstanding, which places each note into default