Replies to post #167547 on PCT Ltd (PCTL)

[namtae]

There are numerous toxic loans in PCTs 10q

These are known as DEATH SPIRALS

Shareholders unfamiliar may learn all about them soon

[snow]

jesuslozu When performance is disastrous toxic financing may be the only option. Face it! You have been deceived.

[NewJerichoMan]

Everyone else seeing this?? Weren't we told we'd never go toxic again?

This was revealed in the 10K.

It started out "life" as a $125K loan, paid down to $83K on March 26, and finally paid down to $43K on April 5th. I haven't read the Q1 yet but it's probably been extinguished now based on the pay down rate.

They had $115K in cash at the end of 2020. They had $53K in cash at the end of Q1. They are kite-ing money from week to week since at least the beginning of the year. This was known. Why the shock now?