Hi Greybeard,
I've just gone through all the messages here, haven't heard the podcast, but the one thing I saw in a few posts was earning $.004 per share. If that's what we're currently earning, as I see it, we're underpriced substantially if you consider rapid growth. At a P/E of 10, just $.04 would be right, but with the growth the company is experiencing, I certainly believe we justify a P/E of 30 or more, I.E. $.12.
Is a link to the podcast posted somewhere handy, I'm surprised it didn't turn up as news about the company. I will try to listen later, but perhaps this is a case of reality sucks, but it's really not bad news. They're not building all those units if they can't put them anywhere, so I've got to believe they will be.
I do believe that we may be counting a lot of people selling out products as distributors, when in reality our distributors sold product to them, but they don't have a distribution agreement with the company. We profit from the sale at the distributor level, but not when the retailer who sells it to the general public sells it. The fact that a store, or website is clearly selling something produced by PCTL doesn't make them a distributor. For all I know, CVS or Costco may some day sell our products, they're not a distributor, but I'd like to be the distributor that's selling the product to them. Ultimately the company is paid by that distributor, so we can be happy to find our product on the shelf regardless of which distributor sold it to them.
We still need the financial reports to be available, just to eliminate doubts. I still believe the growth is great, and while the podcast may not have been as positive as in the past, this is a fast growing company, and profits will come with growth.
Gary
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