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Alias Born | 02/06/2019 |
Thursday, December 09, 2021 9:14:06 AM
I agree. There is "good" dilution and then there is bad dilution. These financing deals definitely fall into the GOOD DILUTION category.
Let's face it, when you have a new and growing business you HAVE to have money to grow. Many new companies really have no other option than to sell shares to capture those funds. As we've seen in the past, these deals can be toxic and lead to the inevitable end to these burgeoning companies.
Gary has been able to restructure the debt, pay down loans, cancel warrants and get much more FAVORABLE financing terms.
I'll tip my hat to Gary because he certainly deserves some praise on this. I have slammed him at times, but I consider myself fair and equitable and he has really come through for the company and it's investors. He has also seriously curtailed his over-promising and I like the new look and direction of PCT Ltd.
The future is bright and we are most definitely headed into the right direction.
Roll PCTL Roll
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