PCT Ltd (PCTL)

[davidsan]

Like your post DE. As for share price near term, I still have my concerns:

I find myself wondering if the big share price drop and intra-day reversal the end of last week has set the bottom, if that bottom will be retested, wouldn't surprise me, and if retested, if it will fail and the share price run back down to test $.0124, or even $.01, or if it will hold and then take some time to consolidate as we await more info at least, more revenues ideally. These seem the most likely possibilities at this point, at least to me.

Premature to know for now, but the lack of information about everything else that is going on, the addition of yet another test, this one by the new Maverick/PCTL JV, the fact that they haven't even done the private placement yet much less begun to spend those funds, and the lack of insight into time frames for beginning their sales cycles, closing sales, ramping up manufacturing and delivery, all of that, it all leaves me wondering about the near and mid term. Not so much the long term. I still have hope there. The points in your post are informed and persuasive. But they go more to long term potential than to near term sales and revenue and the ramping up of same.

As for the now seemingly outdated $10m revenue projection for 2021, that's a crap shoot at this point, and without more evidence of things happening quickly in regards to sales and manufacturing/delivery, it may be possible, but does not seem likely. Time will tell.

As for me, I did lighten up my rather large position in PCTL, though I continue to monitor closely. I'm just no longer willing to pay the steep opportunity cost of seemingly forever having to wait, with so little information being provided. I am at the moment cleaning up in Bitcoin miners. I may at some point down the road move some of those profits back here, we'll have to see how this plays out in the coming months.

Long & Strong, with near/mid term concerns!