Replies to post #140650 on PCT Ltd (PCTL)

[greybeard34]

That’s how the deals work. It’s all right there. Look at the explanation of the 31.5 mil. shares in the q.

In September of 2020, the Company negotiated a financing transaction with RB Capital Partners, Inc. (“RB Capital”), whereby RB Capital would provide the Company with up to $400,000 in financing. As a condition to the financing, the Company was required to reduce the conversion price of a $31,500 promissory note RB Capital acquired from a third-party down to $0.001 and immediately convert the note into 31,500,000 shares of unrestricted common stock. Such shares were issued on or about October 7, 2020.

“Immediately convert the note.” These shares have already been dumped around .025-.03 a share. They made around 900,000 off of those.