PCT Ltd (PCTL)

[skitahoe]

Agreed, he takes a small salary, but substantial stock and options, he's certainly got skin in the game as a shareholder. I believe he's very much into the company long term, he's reasonably certain of what the future should bring, so he's not overly concerned with the present.

I believe by now he's given the auditors all they've asked for, but that doesn't mean they're satisfied, and won't ask for something more. I'm sure he's cooperating and doing all he can to get the financials out, but ultimately they must do it, and they're the ones who sign up for the audit.

The only question in my mind is whether all statements by the company that discuss the company, it's prior year and future anticipations are provided by him. Would all these statements have been prepared and placed into the report. I doubt that, I believe they may have been written, but when the audited financials are provided to the company, I believe they should be added, and might be edited if something in the financials was deemed to require comments.

If I'm correct about this, the company will be in control of when the financial is released. While we know that last years financial results were not good, which would suggest a release after the bell on Friday, just the fact that they're out would be a big positive, so I'd suspect they'll come out before the open as soon as they're ready to release, regardless of the day.

Gary