PCT Ltd (PCTL)

[skitahoe]

Hard to say if brokerages, like Fidelity, won't permit trading until the 10-K is filed. I've often felt these documents are overly burdensome on companies, but companies do know what's needed, and it's there responsibility to deliver. Clearly PCTL has room for improvement here.

That said, I believe the remainder of what they're saying is quite positive. We've all questioned what's coming out of the U.K. agreement, we know the company will profit, but it's unclear how much, that will shortly be clarified.

If this were a Nasdaq trading stock, I'd be concerned about the weakness of the accounting, it's not, it's a Pink, more importantly, until recently it has been cash starver. Now it's beginning to prosper, but it's taking time to come up to speed, especially in the Covid-19 environment we're living in. I respect the company for releasing the news mid day, rather than dumping it after the close, certainly it combined the good, with the bad, but many companies would have simply waited, and dumped it out after the close. I'm not overly concerned about it, but will be concerned if brokerages restrict the ability to purchase again, though I did all the purchasing I intend to earlier this week.

Gary