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Replies to post #136354 on PCT Ltd (PCTL)

Replies to #136354 on PCT Ltd (PCTL)
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lucky, mydog

10/20/20 11:42 AM

#136355 RE: greybeard34 #136354

they are working on getting rid of the debt.

by taking on more?
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namtae

10/20/20 11:43 AM

#136357 RE: greybeard34 #136354

Nah, this dilution of 50m shares is related to RB Capitals loan

We all knew there was some dilution going on, they are working on getting rid of the debt. Was expected.



Thats RB's MO and how they wind up slaughtering stocks

Lets see who's right



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Egold

10/20/20 12:31 PM

#136372 RE: greybeard34 #136354

I agree some dilution for debt reduction... Most likely those warrants a combination of cash and shares. That's fine with me.
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tsand

10/20/20 1:08 PM

#136401 RE: greybeard34 #136354

Its the fourth quarter now so we'll have to wait till the EOY 10-K is issued beginning of 2021 to really see what PCTL has been doing. Hopefully they are getting rid of debt, taking care of current debt, filing financials on-time, establishing a current "inventory on demand" system, training distributors, completing and assessing O&G well tests, and scaling down costs. Gonna end 2020 with a "bang"!!