PCT Ltd (PCTL)

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PCTL Shareholders Advocacy Group> Auctus Fund Settlement
In October of 2020, PCTL entered into a Conditional Settlement Agreement with Auctus to settle all disputes and claims between the parties. A material dispute between the parties was the warrants, which according the Auctus had ballooned to 107,142,857 shares at an exercise price of $0.00035. Pursuant to the settlement agreement, Auctus agreed to settle such disputes and claims based upon the payment of $145,000 in cash and the issuance of 8,000,000 shares of common stock

On September 1, 2021, PCTL issued 8,000,000 common shares and paid the remaining cash balance to Auctus under the terms of the settlement. PCTL fully complied with all payments required under the settlement agreement and issued the shares of common stock to Auctus, which triggered the mutual release of all disputes and claims between us and Auctus. Despite PCTL’s compliance with the terms of the settlement agreement, Auctus has refused to execute the mutual release required by the settlement agreement and acknowledge the cancellation of the warrants as part of the settlement.

It is the shareholders' contention that the actions of Auctus Fund, LLC in not honoring the settlement agreement has negatively affected shareholder value and has caused some shareholders significant losses.

The PCTL Shareholders Advocacy Group is currently in discussion with 3 law firms specializing in Class Action Lawsuits on behalf of investors.

http://auctus-classaction.org/