PCT Ltd (PCTL)

[thegreencandle]

Let's focus on reality. Simple fact is, both the CFO and the auditors have signed off on a working capital deficit of at least $4,209,210. I'm assuming you'd agree that art is qualified to make that call, and I'd also assume you'd agree the auditors are as well, at least thru the last 10k, right?

PCT has a burn rate of over 200k PER MONTH with revenues of approximately 300k per Quarter, for a monthly deficit of at least 100k. It's actually more than that but hey, I'll give it to you.

100k per month is 1.2 million a year in losses. They took on millions in debt last year. The amount of working capital deficit is growing exponentially. There's no sign it's going to let up save some bullshit rhetoric by the company and a handful of posters here with extremely absurd claims.

I don't think any cpa, qualified or otherwise would argue that pct is in good shape. In fact, I'd wager they would say pct needs a miracle to continue operations much longer. They'll get a reverse split in, possibly fund more debt with the shares, they'll put out more bullshit about incredible opportunities, those opportunities won't materialize, and they will go under or they'll continue this pattern of fraudulent behavior until they do.

My numbers used to project losses are lower than reality too. You could say best case but even best case is worse than what I'm laying down.

Enjoy and glty.