PCT Ltd (PCTL)

[gosox12]

Possible Reasons for Audit Delay:

1. As I noted earlier, Brett Rosen intimated in a tweet a few weeks ago that all toxic debt would be cleared up by 4/15, which is the extension date deadline for the Annual Report filing.

2. On 3/30--one day before the Audit is due--RB Capital provides PCTL with a loan-$200,000-- to clear the last of the toxic loans. I repeat, THE LAST.!!

3.So the actual loan probably came through too late to be included in the Audited return, making an extension necessary.

4.If that's correct, making the 4/15 deadline should be a breeze. If they fail on that I'll have to rethink this whole scenario.

5. I take RBC's involvement here as a strong positive and have a gut feeling that something big is brewing in the wings--maybe an O+G deal, or the UK National Health System coming through with some big orders.

6. I believe clearing ALL the toxic debt may be the major hurdle that has prevented us from the OTCQB listing; so if that's correct, I would expect that to happen within 30 days of 4/15

7.Like all of us, I could be wrong, but if I was totally negative on the company I wouldn't spend a lot of time posting here. What sense would that make--unless of course I was shorting the stock and hoping for a decline in share price.

Comments welcome.