PCT Ltd (PCTL)

[beer$$money]

I guess you failed to read the Q3? PCTL put an Advance Payment for $1.45 Million on the Books in Q3. That should make us all go Hmmmm?? O&G money???
Quote: "wont even make 2.4 million this year"

CURRENT LIABILITIES
Advances payable 1,450,000 pg 4

Definition of Revenue Received in Advance
Under the accrual basis of accounting, revenues received in advance of being earned are reported as a liability. If they will be earned within one year, they should be listed as a current liability.

Advance payment is a type of payment made ahead of its normal schedule such as paying for a good or service before you actually receive it. Advance payments are sometimes required by sellers as protection against nonpayment, or to cover the seller's out-of-pocket costs for supplying the service or product.