The "congrats email" that you're referring to is, I believe, a LinkedIn comment which was congratulating Jody on PCTL winning the TIPS award. I'm not aware of anything else it might have been. If that's the case, that's all it was. Wasn't a hint at anything more.
The Ontario deal was never anticipated because anyone thought it was great to give 51% ownership of the company to Ontario. It was highly anticipated for two reasons:
1. It gave PCTL headway into the Canadian market- which, with their nationalized healthcare system, is potentially huge.
2. Under the terms of the deal, Ontario would basically be wiping out PCTL's debt- which is a substantial roadblock for them right now.
Ultimately giving up 51% of the company may or may not be a good call but collapsing under the weight of mounting debt doesn't help anyone either. So whether or not the Ontario deal as we know it from the LOI was a "good" thing or not who knows. Maybe it was a good deal, maybe it wasn't.
But the general sense of things is that PCTL is on the verge of making a big revenue push after years of not earning much. And they're on the right path. We can see that from their quarterlies. Consistent YoY growth the last several quarters. However, the financing is drying up. The debts are coming due. They need SOMETHING to help keep the lights on and help them grow.
That's going to have to come in the form of either a big deal or a big sale or sales.
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