Exactly, since Gary was overestimated our revenues this year, If one of the two or both things you discussed pan out then revenue takes off. The UK deal would have been a done deal if not for the Covid travel stoppage last year. I expect the UK deal to happen - not sure how large it’s going to be. Gary said “millions” could happen in Maverick oil deal and it’s going well. Everyone is waiting on some communication/update.
I'm hoping that Brett Rosen's active presence in company operations will serve as an important brake on Grieco's impulsive, undisciplined utterances and behaviors.
I'm hoping Rosen will be a real behind the scenes force here. We'll see how this all plays out over the next 6 months or so, beginning with the May 15 10-Q, which, as a Quarterly, doesn't have to be audited.
It is hardly obvious that PCT will be profitable even if revenues this year are 10 million dollars. There was an operating loss this year of 1.4 million dollars. It will take quite a few million dollars in increased revenues to eliminate such a big operating loss. After all normally only a small percentage of revenues are profits. In my view only the oil business offers a realistic chance of profitability. But at this stage it seems extremely uncertain if the oil business will generate a big demand for the fluid. The UK business is a very long shot. It it uncertain how much profits PCT will earn even if quite a few machines are placed there.
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