I think its probably a poor choice to sell tomorrow with the bigger sales numbers reporting from the 3rd Qtr in a few more days. whatever if that's your plan. not mine
Very good summation of the CC and I agree with your conclusions. Doubt very much we will move north as a result of this call. It seems to be very much a waiting game both for the company and us, the shareholders.
I couldn't listen to the CC. Thanks for the complete summation.
I like the UK confirmation which looks like 2 revenue streams. Increasing Annihilyzer systems into U.S hospitals. I'm hearing growth continues. I'm happy to hear he mentioned paying down debt. A lot of pinkie CEO's never mention paying debt down they just line their pockets with insider enrichment crap. Gary understands the importance of paying debt down and getting off this toxic place called the OTC. O&G is moving forward.
A lot of good things I'm hearing of.
Like I've said before this is not a momo play but a long term investment.
Look man, it could have been a lot worse. What usually happens with these startup companies, well, let me draw a picture for you. Delays... disappointments... and more delays. Followed by more disappointments.
They did deliver a UK contract. Just on time. And I already said, the CEO wants to see cash, whether it be upfront money or through royalty payments.
The faster they grow... the more money they need. I already told you. The fact that they are cash poor now shouldn't be a surprise either. And the CEO finally gets it too.
On top of that we have the oil business which could be considered a bonus. Let's call it a potential bonus.
Guidance was confirmed. It wasn't lowered. It was confirmed. Another landmine avoided.
The run rate currently is roughly $2M in revenues per quarter. x10 gives us an $80M market cap or 0.08 pps fully diluted. The company is still undervalued by a lot.
The disappointing thing to me is, we still don't know how much PCTL owns of PCT Europe. This will have major implications accounting for revenues and assets. What the hell? Perhaps I will write them and ask.
It is true though, they do not need China if they get the UK. Best stay away from China. Take it from me. People can look at my history. I can be considered the expert on China.
NewJericoMan It is very vaIuabIe to get what appears to be a fair and honest report. Other reports appear to be very coIoured by a desire to move the pps upwards or downwards.
I noted the foIiowing: "No details were given on the size and scope of the UK deal." Other comments suggest something quite different.
"3. Settlement of outstanding debt and increasing shareholder value This is a “nettlesome” problem. Basically said we’re a cash poor company and there are two ways to settle the Notes: cash or shares, or a combo thereof. Didn’t elaborate much on this topic. Tone sounded like going forward that more Notes would be settled with shares versus cash. Historical example is Note 5(i) which was settled with a 60/40 split between equity and cash. Perhaps going forward, that sort of settlement example will shift more towards equity than cash."
After reading this I understand that this topic has hardIy been commented on by those posters who usuaIIy seem to induIge in wishfuI thinking. A negative poster interpreted this to mean that more diIution is coming. I agree with that interpretation based on the above.
Agreed the 40 Annihilyzer Infection Control Systems in place by year end was very good news, but I think them uplisting to the QB "within weeks" is very significant.