Replies to post #179403 on PCT Ltd (PCTL)

[beer$$money]

PCTL gets a huge LOL!! Guess you missed the Advanced $1,450,000 Payment on the balance Sheet Pg 4!!

Advance payment is a type of payment made ahead of its normal schedule such as paying for a good or service before you actually receive it. Advance payments are sometimes required by sellers as protection against nonpayment, or to cover the seller's out-of-pocket costs for supplying the service or product.

KEY TAKEAWAYS
Advance payments are made before receiving a good or service.
In many cases, advance payments protect the seller against nonpayment in case the buyer doesn't come and pay at the time of delivery.

Advance payments are generally made in two situations. They can be applied to a sum of money provided before a contractually agreed-upon due date, or they may be required before the receipt of the requested goods or services.


https://www.investopedia.com/terms/a/advance-payment.asp