PCT Ltd (PCTL)

[CyberJ]

Delay..in reporting, Its..called growing..pains, Here's..why

PCTL is Cash..strapped ..2019 having to get toxic money, however with COVID.. and huge money opportunity, what do you spend the money you have on? meeting the golden opportunity to cash in on the COVID growth in revenues, by getting people, and fluid making machines and sprayers for hospitals, to ramp up revenues

? or by spending your money on updating your antiquated accounting system that is slower than molasses dripping in the wintertime. ? Then when you have the money flowing in from your commitment months earlier to sales, then you upgrade your accounting system,
I mean if you don't crank the revenues, you won't need the accounting system, accounting exists to manage the money. Without money, you get something small. , there is a lot you won't need.

That was no doubt a decision Gary had to make. I would spend the money to make money as well, then with the money made from the growth, I would upgrade accounting.

I started a company with 2 credit cards charged them up to 3800. Had to grow revs that were my main focus than with cash, upgraded business, and personnel.

Its called growing pains. I have talked to Gary on this, recommended a firm that he can consider with his other excellent options. He is fully aware of everyone's frustration, he is the most upset. But delays will be a thing of the past.
But the revenues were worth the struggle.
Money solves a lot of problems in growing a business.
Banks courting you to lend you friendly money, buying and getting discounts. reducing debt all these are the benefits of a cash cow business. and more...