PCT Ltd (PCTL)

[Fathoms]

AFTER REREADING THE 10K A COUPLE TIMES, WHEN YOU CUT THROUGH ALL THE LEGAL TERMS TO LIMIT LIABILITY OF OTC YOU SEE A LITTLE INDICATION...

During 2019 and 2018 the Company relied on raising equity capital and borrowing from stockholders and third parties to fund its ongoing day-to-day operations and its corporate overhead. As December 31, 2019 we had $67,613 in cash compared to $4,893 in cash at December 31, 2018. We had total liabilities of $14,290,486 at December 31, 2019 compared to $3,141,401 at December 31, 2018.

"The Company recorded a net loss of $16,578,564 and had a working capital deficit of $14,065,748 for the year ended December 31, 2019. We have recorded significant incremental increases in revenues from operations since inception and we are establishing ongoing source of revenue sufficient to cover our operating costs"

We have recorded significant incremental increases in revenues from operations since inception and we are establishing ongoing source of revenue sufficient to cover our operating costs"