I guess your looking in the wrong places? $2,250,000 private placement of PCTL’s Series C Convertible Preferred Stock. The proceeds are being used to make a significant impact on PCTL’s debt as well aspurchasing materials to build twenty second generation hospital units and five second generation large volume units.
“This money has also provided funds for certain key components that require additional order time due to supply chain delays, as well as expanding R&D in the Oil & Gas, Medical and Agricultural sectors,” says Art Abraham, CFO of PCT.