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Alias Born | 07/14/2019 |
Wednesday, March 09, 2022 10:38:02 AM
Test results won't cut it either. They mean nothing in terms of market disruption and investment opportunities on this scale. Until pct, or more to the point, the actual industry folks put out pertinent information with real world impact, market adoption, and cold hard facts in terms of actual application, no one is going to take it seriously. EOR is just far too big a topic with many different ways to go about it. So pct needs to demonstrate how their solution works and fits in with other methods and different types of geological environments before anyone looks at this as anything more than a very speculative move.
Then you factor in the facts that they are a rinky dink pink sheet player, with a history of bs press releases and promises, and a proven track record of missing out on capitalizing on huge opportunities, have never traded higher than 10 cents in recent, meaningful history, have never done substantial revenues (for a public company, let alone a public company making outlandish claims of market disruptions in one of the largest industries on planet earth (think no R&D capital, and also a huge pool full of companies who have tried their hand at EOR and failed to deliver on substantial claims) and its easy to see why anyone would be skeptical.
Once you take into consideration ALL the factors, the question to ask isn't why isn't pct prices rising with oil news or in general period, but actually why would it rise? There's no good reason for it. Like it or not, the market sets the price, and the market is sour on pct and the solutions their putting forward for investors to consider. So instead of coming here and posting about factors that simply don't matter, investors should be putting pressure on pct to deliver REAL WORLD INFO and stop with the bs small potatoes test results that are meaningless beyond proving proof of concept in what amounts to a controlled laboratory environment (or as close as you can get to one in this situation).
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