What a bunch of bullshit. The PR stated the following:
(OTC Pink: PCTL), today announced the final settlement of Variable Rate Convertible Debt, which has substantially reduced the default payment amount, number of shares of common stock potentially issuable and warrants associated with such notes.
The amount of common stock potentially issuable is substantially reduced. So converting them to C shares makes no sense.
I hate to tell you but the shares have been sold so the float is already been played and that is perfect folks PCTL once up listed will be perfect for a MASSIVE Run I am holding 9 million shares and have no plans to sell any shares until we get much higher. TODAY'S NEWS HAS CHANGED THE WHOLE SITUATION IN A EXTREMELY POSITIVE WAY!
The shares are already in play so the float is all active shares. This means no dumping of shares on our heads it Extremely Positive for us longs . The company has fully changed as of today up lasting is next and multiple news coming. I don't want to sound like a pumper but it truly is the best time to buy PCTL!