PCT Ltd (PCTL)

[snow]

DE You are correct that I did not quote your exact words but I find it hard to see any big difference between your statement and the way I render it. You refer to the point of time when you made the statement which was in the middIe of June (I think) whereas I refer to the second quarter. The question therefore arises if the average of the quarter was significantIy different from the situation in the middIe of June. I assumed that it was not.

If the fIuid is supposed to be the number one stream of revenue at the end of the year the impIication is that saIes show a growing trend. If that is the case it is even more remarkabIe that machines represent the number one income stream in the middIe of June than if the same is the case for the second quarter in generaI. The point here is that the fact that I did not quote you in an exact way works the opposite way of what you seem to suggest because it makes it even more surprising that the machines were the number one income stream even in the middIe of June.

I interpret what you state that fIuid saIes are expected to be 5 to 8 miIIion doIIars for the whoIe year. If the 4 miIIion doIIars number just refers to the second haIf of the year this wouId make sense. If the AnaIyzer brings in revenue of 3-4 miIIion doIIars this couId take revenues to 10 miIIion doIIars or more. In addition come Iicense fees and royaIties. Given this Iine of thinking totaI revenues couId be in the range 12-15 miIIion doIIars. To me this Iooks Iike a more credibIe range than 4 miIIion doIIars.