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Wednesday, July 20, 2022 2:42:45 PM
Fraudsters who conduct stock promotions are often paid promoters or ^company insiders^ who stand to gain by selling their shares after creating a buying frenzy and pumping up the stock price. The promoters or insiders make profits for themselves while creating losses for unsuspecting investors.
•Press releases or promotional activity announcing events that ultimately do not happen (e.g., contracts expected to produce revenue that never get finalized).
•No real business operations (little or no assets; minimal revenues; false press releases).
•Company issues a lot of shares without a corresponding increase in the company’s assets.
Frequent change in company name or type of business.
Recent PCTL News
- Form 8-K - Current report • Edgar (US Regulatory) • 10/05/2023 02:05:09 PM
- Form 15-12G/A - Securities registration termination [Section 12(g)]: [Amend] • Edgar (US Regulatory) • 07/18/2023 07:06:52 PM
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 07/13/2023 04:32:57 PM
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