Replies to post #142600 on PCT Ltd (PCTL)

[niczar]

Are you saying the TA can disclose the names of buyers and sellers in a particular security?

[Evaluate]

you wrote:

Wrong, there is no dilution going on. This was stated in the most recent PR with the new OS. Not sure what's so hard to understand about that.
I do agree those X note holders could be feeding shares into the float to be sold or those shares have already cycled through.
Only way to know is to call the TA and find out who's buying and selling. To my knowledge the company only has that data.
I suppose keeping tract of the restricted, unrestricted and float could give some clues.

I read that you oftentimes are implying that there might be "shares that are being fed into the float".
I believe this is incorrect terminology/concept.
I believe that when the six convertible notes totaling $2.15M in debt were recently settled for $625K + 123 Million shares, these shares were immediately (instantaneously) added to the Float.
So there are no shares that are "being fed into the float" ... they all got added to the float all at once.

What is "the float"?
Answer:

Float = Total Shares Outstanding - Nr of Restricted Shares - Unrestricted shares held by Officers, Directors, 10% Control Persons & Affiliates.

IMO: In the case of PCTL, there are zero "Unrestricted shares held by Officers, Directors, 10% Control Persons & Affiliates"
Therefor, in the case of PCTL, the Float = Total Shares Outstanding - Nr of Restricted Shares.
In other words, the Float = Unrestricted Shares.

https://www.otcmarkets.com/stock/PCTL/security
shows (as of today):

Restricted 126,428,793
Unrestricted 594,759,053
------------------
Outstanding 721,187,846

Float 525,421,556 09/17/2020

Obviously, the figure for the Float has not been updated on this page yet. It would be my understanding that the figure for the Float should be 594,759,053 to match the number of Unrestricted Shares.
Of course there is still the "minor" discrepancy that the PCTL PR includes;" As of November 23, 2020, PCTL had 723,737,000 shares of common stock outstanding" which is a bit higher than the above 721,187,846.