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Alias Born | 02/06/2019 |
Wednesday, September 02, 2020 7:48:29 AM
They are certainly making money on their fluid sales. I tend to agree with you that they are paid roughly $1 by each distributor for every gallon produced.
One of our contributing distributors might not like this comment, but I think PCT needs to charge a little more for their product since the distributors are selling it at an unbelievable markup. That said, keep in mind that the distributors are the ones taking all the risks and liabilities (building costs, production and marketing costs, labor costs, shipping costs, MONTLY fees to PCT and so forth)
Speaking of fluids, it is a well-established fact that PCT graciously donated 1000's of gallons of fluids to frontline responders and the medical field when the pandemic first started really heating up. Remember the saying "pay it forward." Hopefully we will garner some new customers/hospitals from their exposure to our products at no costs and at a time when it was virtually impossible to buy something as common and taken-for-granted: Lysol or bleach.
Gary is doing a lot of things right. There are some things I wish he'd do better.
Contrary to what many are portraying, 2Q was not a bad Q at all. In fact, it showed A LOT of real nice growth: 3X revenue from the preceding Q, over a million dollars in revenue (including accounts-receivable), brought in many new distributors, and paid down some debt.
Now, I agree with those that are less-than-happy about the financing terms for some of those debts.
I have to believe going forward we will see ever-increasing revenues from the growing network of distributors, increased hospital installations, the burgeoning oil & gas industry sales, and agriculture applications. Gary has been traveling the country (as best as he can with regards to travel restrictions) and is always going from one meeting to another. One can only believe that as the pandemic subsides the UK deal will become front-and-center again. With Europe all but shut down to travel from the US, any of the plans and timelines that were made preceding the lock-down were out the window.
In my opinion, there was no reason for folks to sell-off yesterday due to the Q. (Other than fear and fatigue) Had it been on-time, WHICH HAS TO BE THE CASE GOING FORWARD, I think most folks would have been pretty happy with it.
What am I doing? I am holding for the bounties coming in Q3 and Q4 and obviously looking forward to what PCT will deliver with the UK, O&G and AG (on top of what I initially invested in them for...preventing Hospital-Acquired Infections)
The future is VERY BRIGHT!
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