I don't know how it's possible to fix a non problem. Problems are easy, you solve them and they're gone. Non problems on the other hand just keep coming back, they cannot be solved.
An example of a non problem is the allegation that without Covid-19 the company would be bankrupt.
I invested in the company just before the end of last year when I first heard of it. When you can buy a company for under a penny it's a hint that it's financials aren't superb, but I liked what they were doing, the new installations they were making, and having had 2 hospital based catheter infections was very interested in how they could be lessened. In short, I believed in the potential of the company before Covid-19 existed in the minds of anyone here in the U.S.
Did Covid-19 benefit PCTL, no doubt it did as the discussions of properly sanitizing everything suddenly became a major topic of discussion. The thing is, without it the trial in the U.K. would still have reached the same result. The demand might not have been as great, instead of growing 40% month over month we might have been growing 10%, but that's still great growth for most companies.
My thoughts above still don't eliminate the non problem, I'd be willing to bet that in the next week there will be multiple bashers who'll say that PCTL would be belly up if it weren't for Covid-19. Someone might link them to this post.
When Covid-19 is gone, I believe we'll find our sanitizing units in hundreds of hospitals, and that number will continue to grow dramatically every year. It will be used in many other places we've yet to consider as well. For us investors the stock may very well be among the greatest success stories of this decade.
Gary
