Exaggerated in which way?
Can you list a single accomplishment that Gary stated would happen that actually happened? I guess maybe ft Wayne, it might have finally gone live this year according to a recent announcement. I don't buy it, but it's possible.
Anything else?
Can you list anything that Gary did to increase revenues that wouldn't have happened with an empty ceo chair during the same pandemic period Gary presided over?
What is probably our largest distributor, eon, placing millions of units across the country, led the way to declining quarter of quarter revenues, with what is arguably the most vocal (full of bs too) saw his website redirect to a competitor and his phone number disconnected. What ever happened to ace janitorial? We still blaming covid and travel restrictions for no machine placements? Sure, why not right?
As for agro, Gary himself mentioned it a couple times in the beginning of last year. Regardless of what anyone posts here about what they believe agro will pay (there is probably 2 or 3 opinions on the board that are anywhere near having a clue), agro paying anything would have been better than nothing. The truth is pctl has no vision, marketing, or sales to even tap into the markets. Not to mention pctl doesn't offer ant competitive advantage. Their product can be produced very cheaply and there is no feasible reason to go with pctl over any other supplier. Not even a perceived reason. Plus a few posters have recently taken up the agro carrot to dangle again. Just in the last couple of weeks we're seeing people post about pctl getting into aggro.
You may not like hearing it all, expounded upon in a single place, but my criticism has been the same since last summer, I've been right every step of the way, and this far, Gary and management have driven this to a point of failure. Without a substantial shift in revenues, they will have trouble paying back the RB notes. RB publically disclosed shares converts at 10 and 20 cents. That isn't going to happen anytime soon. Rb will want the money owed to them, and it requires very little imagination to come up with realistic scenarios in which RB extends its leverage. Is there any other debtor? No? Hmmm... who would get priority consideration during bankruptcy hearings? Shareholders? Think again. My money would be on the largest debtor. Much more likely though that a deal would be made on the backend with the board and management that would see a change in leadership. Do you see anyone on RBs payroll with experience turning companies around and rebuilding them? I don't.
I truly believe Gary believed covid would last longer and that covid was pcts saving grace. He didn't have a plan to capitalize on it and he didn't have a plan to capture any momentum, and he certainly had no plans for after the covid spike. That the covid boon ended mitch sooner than he hoped only accelerated the issues.
I'm guessing q1 revenues will be less than q4 revenues. That will show 3 consecutive quarters with declining growth. Kind of the opposite of what you'd like to see from ac growth potential company. Especially given their unique position in the market during a very unique opportunity the last year.
It may seem exaggerated, but that's only because Gary it's comically inept and unable to run this company. You would think even the worst ceo could at least accidentally side step into some sort of success. So far Gary has managed to fail to do even that.
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