PCT Ltd (PCTL)

[CarsonOGenic]

Totally agree. We have a new CFO, which offers the chance to get the concern of late filings behind us. If they blow it now, then they will continue to get bashed on this ad infinitum.

I was a bit perplexed when GG offered up the 4 million estimate so early last year - a year of massive growth and many unpredictable headwinds with the pandemic. It always seemed that there must have been a lot of unknowns in that estimate. Nonetheless, at some point it was reiterated and then later we heard about a slow Fall. Still, it is unknown how much of the fluids for the oil order were shipped and paid for in 2020, which means there is some hope for a very good Q4. I’m feeling anything above 3.5 million is very good, and 3-3.5 million as still good, but a notable miss from the rosy predictions. If we are below 3 million for 2020, it will still be a year of excellent growth, but we will continue to have big problems with undelivered promises of the CEO and how much we can believe the 10 million estimate for this year.

Honestly, I wish they would be much more careful in their estimates. This is a small company with rapid growth. That is challenging to predict in any time, but even more of a challenge in a shakier economy during a pandemic. I’d be happy if they just made estimates for one quarter at a time. We can all add or multiply by 4.

To be fair to GG, I do believe that the 4 million estimate was made at a time that rampant pie in the sky speculation was having the company earn 10’s of millions last year by selling 10,000 gallons a day HOCL at $30-60 a gallon etc. The 4 million estimate was really to temper expectations - at least this is my memory of how things went down last spring.