Replies to post #157958 on PCT Ltd (PCTL)

[greybeard34]

One of the few reasonable posts on here

[Big bucks]

Although RB is making money, rightfully so, they want this to go up as much as we all do.. so, I do anticipate we close near .03 without the fins being filed today, although I think we see them on this date!!! buyers are starting to arrive

[NewJerichoMan]

However, RB makes out on this regardless of the circumstances as they are making money hand over fist based on the terms in the notes.

What exactly are the terms of these notes?

Based on what we know so far, they've received 56.5M shares and invested ~$1.5M. That works out to $0.0266 per share. Share price is south of that today and for the past few weeks. Wouldn't characterize that as making money hand over fist.

Accredited investors typically get a 20% discount to market. No less than $1M of that initial $1.5M is in the form of short- to mid-term loans with a fixed interest rate of 5%. So if $PCTL doesn't go bankrupt, they get that money back, but no guarantees.

Are there hidden terms / shares out there still to come to light? Definitely. I'm pegging RB to receive an additional 30M to 90M shares. But it's all done in traunches based on the company's performance. As the company hits performance milestones, RB lends money; as RB lends money, PCTL does preferential conversion rates on third-party loans ($90K still unaccounted for) that RB went out and bought. Both sides have leverage over the other; keeping both sides honest along each step of the process.