Glad it's finally out in the open. This is very old news though. Their application was DOA due to Gary having to clue what he's doing and/or lying about it the whole time. The QB thing was never more than Gary stringing investors along for the ride.
"some difficult debt and we will continue to replace that type of debt with our growing revenues from licensing, fluids sales, equipment sales and other financial resources, such as RB Capital"
The implication of this is that Gary admits that PCT still has difficult debt.