Replies to post #159190 on PCT Ltd (PCTL)

[NYKnuckleballer]

...stated is a bit north of 50 million shares...

56.5M. 31.5M were converted on September 25, 2020. January 4, 2021, the other 25M were converted - note 6(bb).

What those conversions are "tied to" is a bit trickier. I believe those 56.5M shares are tied to the original salvo of loans ($850K or $1M). The latest loans likely have other third-party convertible notes tied to them. So, I don't expect 56.5M to be the final number. RB has more shares incoming.

But I don't know. The lending, third-party notes, and the preferential conversion rates are all interwoven so no one outside of the involved parties know how extensive this agreement is. Each side has leverage over the other.

...what would they get?: $750,000?

Share price was higher in September. Hell, even on January 5th, the day after RB received 2nd round of 25M shares, the closing stock price was $0.03. That's the closing high for the 2021 thus far.

If they sold all 56.5M shares already (and I believe they have), we can all rest assured they've got 1M+ in proceeds *before* even considering the repayments of the loans' principal and interest. They're not losing money on this deal.

**Let's not get it twisted though. I'm in the camp of RB's lending has been a good thing for $PCTL. I'm okay with them getting 80M to 100M shares if multiples of that amount of shares gets extinguished. **This assumes those fooking 447M warrants get taken of this go around, at a reasonable price point.

...how the 5% would be applied in PTCL case (issued shares only...

Based on issued and outstanding share count. The fact that RB Capital never filed a 13D means they've never held more than ~37.35M at any time.

This also means RB would avoid getting involved with PCTL management and making executive decisions.

100% this. RB has sway over $PCTL but I think he has neither interest nor the power necessary to usurp control of the company.

[gosox12]

El,

Wow!!! What a wonderful post, certainly one of the best in ages. Much thanks for taking the time to share your educated thoughts with us.

For those of us lacking a finance/accounting background, your expertise is most welcome.

Please keep posting your views here. I'll be especially interested in your analysis of the 5/15 Q1.

I am feeling a little more hopeful now about Rosen's financial stake here.

[Big bucks]

you obviously have not read the filings 50+ million free shares.... and when RB announces addl financing....guess what, I suspect the number of shares for this add financing will be even great than 50 million and there by more dumping is on its way....


these sharks want their money and could care less about you or I ....

[Long term]

Excelent post...much there that confirms my experience and thoughts.
5% & above (RB) must report activity & amt.