PCT Ltd (PCTL)

[Ronin]

PCTL will be suspended, imho! Do the math. $24 million was insinuated by management...

This is a COVID 19 related stock that got pumped to the max with PR's from management. They were talking about ramping up to 20 units a month, now Gary says, "2" units per month in hospitals!!??

Here's the break down of SALES from what management has revealed in various press releases. Gary said "$4M" in the podcast in reference to SALES for the year, not profit after factoring in business costs...

10,000 gallons/day x 300 days/year = 3 Million Gallons/Year (this figures for some down time for weekends, equipment maintenance etc)
x $8/gallon = $24 Million/Year.
However, Gary indicated sales for 2020 should (comfortably) exceed $4 Million.
So the question is ... where is the variance?
Obviously, in Jan & Febr, the production was lower (pre-Covid).
Or are they selling below $8/gallon?
Perhaps the demand is far below 10,000 gallon/day (it does not make sense to manufacture far more than what you can sell & get out the door .... all these excess gallons would take up a lot of extra warehouse space)
Or ... what are we missing?