Replies to post #191912 on PCT Ltd (PCTL)

[namtae]

That consultant incurred a taxable event when accepting those options with an exercise price of only .0001

Before going further, what an outrage PCT would issue options to a consultant with an exercise price of .0001.. What kind of scam is going on there?

Back to the taxable event. Those options were well below fair market value when issued. Therefore, the holder is required to pay taxes on those options for ordinary income of appx $50,000

This must be followed up on and reported