PCT Ltd (PCTL)

[skitahoe]

I believe that Gary G has guided that $4 million wasn't achieved for the year, I can live with that. What I think would be extreme would be ending the year closer to $3 million than $4. If we end the year at $3.8 or $3.9 no sweat, but if we're more like $3.2 or $3.3, I believe that Gary should have provided more guidance, not a really bad miss on what happened in the 4th quarter.

If $10 million is still the belief for this year, it should be reiterated. If even that is considered a conservative estimate, Gary should say so as well.

I'm a believer that O & G could have the potential for tens of millions of gallons a year, or more. The question is, how good is the data, and if it's that good, how quickly will other customers be attracted to it.

Of course much the same can be said wrt PCTL Europe. If more testing resulted in a major purchase or lease agreement, tens of millions could be headed PCTL's way. It's also possible that just a few more units will go to Europe in the next year.

My point is, we have all sorts of potential, what comes to fruition, or what dies on the vine is a big unknown. The company's forecast ought to be based on reasonable assumptions, if they're exceeded, great, but if they're failing miserably, they should temper our expectations.

Gary