PCT Ltd (PCTL)

[skitahoe]

As I remember it, GaryG brought in new financial people on the very day the quarterly was due. I can only guess that he didn't like what the prior people said in their about to be issued financial, so he turned it over to a new staff, and requested a delay. Sadly, I don't believe anything will seriously change between the way old and new financial people observe the data.

I'm thinking the data isn't supporting the overall $10 million anticipated for the year, but frankly much of the anticipated earnings may not be expected until the later quarters, so that's not a real concern to me.

Conventional wisdom says is something is good news, bring it public early in the trading week, perhaps before the open on Monday. If it's bad news, put it out after the close on Friday, if really bad, do that on a three day weekend.

Frankly no matter how bad the financials look, I'm not certain that just the fact that they're out won't be all that's needed to be considered good news. The company's thought about it may depend on when they release them. If today, after the bell, they're tossing them out with the garbage. If Monday, before the open, they're saying things are going good.

I don't like the fact that they keep missing these dates, nor do I like the musical chairs they play with the people doing the job. That said, at this point I'd like seeing them out, regardless of what's in them. The fact that they're not out is what's preventing upward movement of the stock.

Gary