Replies to post #159245 on PCT Ltd (PCTL)

[niczar]

In your opinion do you feel GG benefits personally in any way from making the types of deals we see with a huge number of shares attached?

Thanks

[NYKnuckleballer]

...in my opinion too little return for the high risk of loaning all that money to PCTL...

Good point. Just took a closer look. It's 72.5M total shares, not 56.5M shares. Missed those pesky 16M shares which are also tied with Note 6(bb).

Let's go through the play-by-play here. Late November, RB receives 16M additional shares. December 1st, the stock hits its 52-week low: $0.0121.

After that selling is done (late December), the stock price doubles. Highest close of 2021 is $0.030, which occurred on January 4th. January 5th, RB receives an additional 25M shares. Haven't sniffed $0.030 since.

That means RB has sold at a minimum 35M to remain in compliance with 13D regulations. Would anyone be surprised if RB sold them all? Big shareholders have sway over a company but this is another reason why I don't think BR has that much sway over $PCTL. Not enough shares.


From 10K, following by my math.