PCT Ltd (PCTL)

[NewJerichoMan]

Call it $400K then with potential "bonuses" to come later.

That 31.5K Note was going to convert into shares whether RB purchased it or not.

There's a reason many are projecting 1B shares when estimating market cap. This is what debt workouts look like.

RB paid cash-money to buy that Note from a 3rd party. Then accepted 31.5M shares (31.5M * $0.025 share price = $787,500 cash equivalent) to extinguish it *and* agree to lend $400K with quasi-traditional lending terms.

For a cash poor company with multiple defaults on its books that deal is a win.