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Post# of 200740
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Re: None

Monday, 12/21/2020 2:32:04 PM

Monday, December 21, 2020 2:32:04 PM

Post# of 200740
The following may explain the OTCQB delay

PCT made claims to have settled all toxic loans. However, part of some of the settlement agreements required payments in installments

For ex:

On August 18, 2020, the Company entered into a settlement agreement to settle the $100,000 convertible note. Pursuant to the settlement agreement, the Company agreed to pay $140,000 in four monthly installments of $35,000 commencing August 19, 2020 and ending November 19, 2020 to settle the principal and accrued interest and penalties relating the convertible note. As a result, the Company recorded a gain on extinguishment of debt of $500,565. As of September 30, 2020, $70,000 was remaining to be paid pursuant to the settlement agreement has been recorded in notes payable.



So, its quite likely the OTCQB is awaiting final payments on any outstanding installments due prior to green lighting PCT to the QB.