Ive been involved with many, many mou's & loi's and they lay out the intent towards a definitive agreement.
This is usually a placeholder for an agreement with a typical 30-90 day horizon for little dink companies like PCT
So why bother with it until they have something of substance? Remember PCTs LOI to merge with the Canadian shell? That was the intent but it never came to pass.
OK, make a PR but nobody should be falling all over themselves thinking PCT crossed a threshold
From the way the market received that news yesterday, it appears very few have