China Unlimited

[NewJerichoMan]

FYI, I'm part of the FB group for PCTL.

Poster in the group met with the CEO recently and posted a pic with the CEO. How to say this nicely... pretty sure this guy doesn't have the skill set to properly analyze financial information. But that's not really the point. Couple of his quotes:

The stock price may even go a lot lower the company is investing in there future and the shareholders future this is not a stock to flip and get frustrated over just hold and grow nicely over time enjoy your sunday all

Just think of the great buys you will get in mid november

Poster is probably just parroting what the CEO told him. Taken at face value: Things look bleak now but wait until the Q3 report hits! This aligns with my thinking on the stock price. Too many on the ASK daily for the price to go up without news.

Reading into it a little deeper, maybe too deep, the CEO knows who and how much is on the ASK? Large number of shares for sale and they've been very patient about it. It's certainly not a typical lender behavior with dilution shares and it doesn't feel like retail either. Perhaps it's a "friendly lender" with ties to the company, which may explain the relatively large number of shares *and* the patience. Like I said, maybe reading into this too deeply.

Also, the mid-November date doesn't portend overly optimistic things for our CC in a couple weeks.