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Re: namtae post# 171622

Tuesday, 04/28/2020 2:45:38 PM

Tuesday, April 28, 2020 2:45:38 PM

Post# of 234071
Check what I said - read both statements:

Besides the low amount of inventory, financial statements show that PCTL has struggled with expenses. It cost PCTL $1,956,000 to sell $534,000 in products through the first 9 months of 2019 (so they weren't making money). All total the company lost over $10,000,000 through the first 9 months of 2019 alone - not exactly a feasible business let alone one that can manage the added expenses of an increase in business operations.



Statement #1: It cost PCTL $1,956,000 to sell $534,000 in products through the first 9 months of 2019 (so they weren't making money)

Statement #2: All total the company lost over $10,000,000 through the first 9 months of 2019 alone


Statement #1 refers to the how bad the business operations are

Statement #2 refers to the poorly the company is run



Derivative liability or not, PCTL is a money losing venture that is struggling with expenses and isn't capable of managing the added expenses of an increase in business operations.




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