PCT LTD Executes Term Sheet for Debt Financing LITTLE RIVER, S.C.--(BUSINESS WIRE)-- PCT LTD (OTC Pink: “PCTL”) announced it has executed a term sheet for a USD $500,000 convertible note which, if fully realized, would provide funding for PCTL to redeem a portion of its current debt, as well as funding its operating company, Paradigm Convergence Technologies Corp. (“PCT Corp.”) with needed money to move its aggressive goals forward.
PCTL’s CEO, Gary Grieco, stated, “We need to redeem some of the less than favorable debt we’ve incurred in the past, and this convertible note is much more ‘friendly’ than the other notes we will replace with it.” Grieco further commented, “We keep in mind the dilutive effect on our shareholders and try to balance that with our need to grow the operating company effectively for a longer-term benefit to all."
Only a matter of time until getting to even a million share position will be a much bigger hurdle. This has shown great strength at the .01-.013 range for months after running up 600%+ in very short order. Consolidated for some time as large position holders took profit and short interest set in to keep the cap on - now the legs continue to move.
Market Data 
Markets 
AI
