PCT Ltd (PCTL)

[dade]

PCTL has better prepared for failure than success - Currently PCTL is issuing common stock at .00035¢ and writing floorless convertible term sheets and holding debtors at bay offering unheard of “contingency shares”. The capital structure is exhausted. PCTL has also exhausted and expired receivable financing and has no available lines of credit and hasn’t established any means of conventional financing. Revenues have never produced near forecast and in fact have receded. Expenses have swollen. The financial statements give great detail regarding winding up and distribution should operations halt.