As the company matures the amount of publicity they put out, or seek generally diminishes. I believe it largely has to do with the attention they get from the SEC, who warns companies and can fine them for excessive hype. While on the Pinks, practically anything goes, on the OTC which we're looking to move on, it may get a bit more restrictive.
Certainly real news can be revealed, and if it's considered to be material, it must be. Companies may define what a material event is, based on their size, for a small company, a payment of $100K can certainly be considered material, and requires an announcement, whereas a larger company might not announce $1 million until the quarterly in which the payment was made.
I don't know for certain, but I believe the new distributors are announced because they certainly will increase earnings in the future, but in that no financial terms are provided, if the company is paid when they sign up, it's not at a level the company considers material. I really can't say if they're paid at all, but they may be. Certainly I would think that they're buying some amount of product, but the company doesn't announce each time it sells a product.
By the growth in the number of hospitals served, it's clear we'll not be informed each time a hospital is added, and frankly the company may not actually know. They may know that ACE was supplied 7 new units in the month of April, but until ACE lists all it's installations they don't know if they all went into hospitals, or other places, or if ACE is using some of them themselves to service multiple locations where they're being paid to sanitize the facility, not provide sanitizing equipment to be used in it.
In that we now have multiple distributors, similar to ACE, unless they each list who they're either serving, or where they've installed our equipment, I don't know that even the company knows every hospital where the equipment is now functioning in. I'm uncertain if a hospital purchases, or leases the equipment, whether the paperwork eventually goes to PCTL, or if the distributor is responsible for everything related to that equipment placement.
As I understand it, most hospitals lease, it keeps the cost lower monthly, and assures the hospital of receiving all updates to the equipment or software that's installed. Again, I believe it's the distributor who's responsible to make that happen, but naturally the company would need to provide it to those distributors.
It may be a few years, but I believe that eventually we can look forward to a Nasdaq listing. At that time little will be heard from the company, outside of quarterly financials. All we'll know is that the share price will continue its general upward movement, we'll have both up and down days that will be multiples of the current price. It will take a multi-billion dollar market cap to achieve that, but I have little doubt that the company in time will earn hundreds of millions annually, and that will warrant a multi-billion dollar market cap. By that time, I believe you'll find our equipment being used in many countries around the world.
Gary
AI
