Replies to post #120467 on PCT Ltd (PCTL)

[skitahoe]

I suppose the question that should be asked is, is there a problem with Sadler Gibb, or is it the sort of firms they audit. I would suspect it's a little bit of both.

PCTL from all appearances is moving up from a Pink struggling to stay in business to a OTC that'll be turning a profit. As this occurs, timely accounting becomes more important, and fortunately they'll have the funds needed to pay for it.

I know nothing about the accountants, but suspect that if you pay more, you get more, whether it's with the same accounting firm, or someone else. I believe they'll be looking for another accountant, but we're now half way through the year, it's tough to switch at this point.

I believe that part of what the shareholders typically vote on in an annual meeting is the accountant. I'm uncertain when PCTL has it's annual meeting.

Perhaps this will be the week that we become completely current.

Gary

[aandt]

I have been going through their audited companies listed and finding quite a few still delinquent. I don't have a direct list though, maybe someone else has a good way to isolate that.

DE posted a little over a week ago that 27 out of 61 companies were delinquent as of July 10.

[DesertEagle]

Here is the list of Sadler, Gibb & Associates, LLC clients currently listed as Pink No Information...

AHAD Pink No Information
AUTR Pink No Information
BNTT Pink No Information
CAFS Pink No Information
DTHR Pink No Information
ENMI Pink No Information
FLRE Pink No Information
FVRG Pink No Information
HPTN Pink No Information
HGHH Pink No Information
IPRC Pink No Information
ICLD Pink No Information
ITUP Pink No Information
MJNE Pink No Information
MYDX Pink No Information
NGRC Pink No Information
NBGV Pink No Information
NCAP Pink No Information
PCTL Pink No Information
PTOP Pink No Information
POGS Pink No Information
NUUU Pink No Information
SAKL Pink No Information
SCGX Pink No Information
SFHI Pink No Information
SSOL Pink No Information

Does not reflect well on the firm and I for one look forward to a change in accounting firms once current filings are completed.

DE

[falon]

The 2020 date is correct. Sadler had been their Auditor since 2013 and did their 2019 10k. I guess they decided to move on.

[Long term]

I believe there is an SEC rule that a companies relationship with an accounting firm should or must be changed every 5 years...any...accounting buffs is this so?