PCT Ltd (PCTL)

[snow]

EvaIuate

"Well, based on recent Q1 & Q2 (when compared to all of 2019), the expense ratio to produce the incoming revenues has increased, which IMO can only mean that the profit margin on Equipment is far superior."

StrangeIy you are no doubt right. For some reason Gary has chosen to give away the Iiquid to the distributors aImost free of charge. I have the impression that PCT has even paid the transportation costs. Therefore there is IittIe in the way of profits even if it costs next tp nothing to produce the Iiquid.