PCT Ltd (PCTL)

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That podcast had a lot of detail packed into that relatively short amount of time. My key takeaways were:

1. Sales continuing to compound such that PCTL is seeking to add 3 or 4 more distributors (like the sub-registrants).

2. Dilution is still occurring, but unlike back in January when it was happening just to keep the lights on, these new shares are being issued to actually add value to the company. What we can infer is that they haven't gotten external financing, probably because they won't need it before too long. The dilution happening now should be temporary just to cover increasing capex.

3. Most of the fluid manufacturing is going to be shifted to Fort Wayne, Oklahoma. The facility there is better equipped to mass produce the stuff and the central location makes logistical sense. Production at Little River has run into issues because they literally can't get enough water or electricity flowing to keep up with how much they are trying to produce, but the Fort Wayne site is already well equipped in those respects. The shipping costs associated with transporting the fluid by truck are still immense because although the fluid itself is very inexpensive to produce, it weighs about as much as water. Any optimizations to the supply chain will be great for cutting costs. The Little River facility will be doing mostly R&D after that.

4. Projections for England right now are getting 5 units over there by June, then 10, 20, 30, etc. Gary spoke on the advantages of marketing to these massive NHS trusts relative to the very decentralized versions in the U.S. One important factor to consider when asking, "why not more?" is that Gary mentions how badly they themselves need more machines to produce fluid just here in the States. Adding more distributors and increasing their own production capacity take units as well. He also said he doesn't want to ship anything overseas that Americans still need to get through the crisis.

5. In the last 20 seconds, Gary basically said that they got healthcare knocked out of the park and now they are looking towards oil & gas and cannabis (so agriculture). I personally don't expect any developments in these fronts until after the Little River facility gets converted to the R&D center. By then the oil and gas market may be a bit more normal and PCTL itself will be in a better position to make a move. Right now they have enough on their plate just trying to fully expand into healthcare.

So yeah, overall a fantastic outlook for the company.