Replies to post #120444 on PCT Ltd (PCTL)

[niczar]

Interesting reading!

I am still of the mind that it's more than Covid delaying the 10K.

I feel there are issues(negative) that have been brought to light and the auditors are struggling with resolving them in a positive way.

Many here say I have no basis to make such a claim. I admit I have nothing black and white to support my theory.

I'm only basing my thought on the fact that we have been handed a golden opportunity with the pandemic and if things were "rolling-along" like all have pretty much been lead to believe the Co. would be shouting out their success from the roof top.

I don't think that the complexity ( company growth, etc.) of the filing is the hold up.
I feel there's a past issue that was never properly handled when business was nothing but now it's something that needs resolution in moving forward.

JMO

[Evaluate]

Registered audit firms are required to submit Form AP, Auditor Reporting of Certain Audit Participants, to disclose the names of engagement partners and other accounting firms that participated in their audits of public companies.
The PCAOB adopted the rule to improve transparency regarding the engagement partner and other accounting firms that took part in the audit.
Investors and others can find out who is leading and participating in the audits of public companies through AuditorSearch, a public database based on Form AP filings.
The PCAOB staff has begun planning for a post-implementation review to analyze the effectiveness of the new information disclosed in Form AP. The staff plans to reevaluate the costs and benefits of the new rule, including any unintended consequences, to understand the overall impact on the audit profession, users of financial statements, public companies, and capital markets.

https://pcaobus.org/Standards/Implementation-PCAOB-Standards-rules/Pages/form-AP-auditor-reporting-audit-participants.aspx#:~:text=Registered%20audit%20firms%20are%20required,their%20audits%20of%20public%20companies.

https://pcaobus.org/issuers/706214/1119897
PCT LTD ISSUER CIK 0001119897

FORM AP FILING ENGAGEMENT PARTNER FIRM YEAR
May 16, 2019 Tyler Mason Neves Sadler, Gibb & Associates, LLC (3627) 2018
May 22, 2018 Tyler Mason Neves Sadler, Gibb & Associates, LLC (3627) 2017
May 19, 2017 Tyler Mason Neves Sadler, Gibb & Associates, LLC (3627) 2016

https://www.uacpa.org/members/Default.asp?id=33683784
Bio
Last updated: 4/21/2020
Tyler Mason Neves
Member - Fellow
Professional Information
Sadler, Gibb & Associates
2455 E Parleys Way Ste 320
Salt Lake City
Utah 84109 United States
801-528-9222 (Phone)