PCT Ltd (PCTL)

[thegreencandle]

The use of the word anticipated, in my opinion, shows that it's not so much a contract as it is a letter on intention to purchase up to a million gallons. In my opinion, the contract has no teeth and that maverick can opt out at any time and is under no obligation to actually purchase a million gallons. So the max revenue is anticipated while the actual revenue could in fact be significantly lower.

Quote:This will be split among two Maverick companies covering both their oil and gas and non-oil and gas customers. Fulfillment of the contract is anticipated to provide millions of dollars of gross revenues to PCTL and represents a significant entrance into the oil and gas sector for our company



Now if the contract is fulfilled (thats the premise in the shareholder letter) , why is it just "anticipated" to provide $millions in revs? Unless the pricing is below $2/gal, the fulfillment "will" bring $millions in rev's. Couching a little bit for some reason or just unable to succinctly express themselves?