Good morning all What a day yesterday PCT found
Post# of 1425
What a day yesterday PCT found a funder who gave them a 400K convertible loan. What makes this great is there is .20 floor. In other words if the loan does convert to shares it converts at .20. This means it's not only non toxic but the funder sees good things happening for PCTL down the road or why agree to a .20 floor which is almost 10X what the SP is currently.
We know from those who contacted the TA that there was a 45.5M increase in the OS. 11.3 in restricted shares and 34.2 in non restricted. On the last podcast the CFO stated there has been no toxic loan conversions since the end of 2019. This tells me the increase in the OS in 2020 has been to negotiate the paying of debt. I'm also thinking this has been to pay off the warrants. I think the company knows clearing the warrants is key at this point in time. I'd rather see cash and shares offered in clearing debt vs all shares which would increase the share structure significantly.
We've seen record revenue over the last few Q's. I don't think every Q will be record setting but i do believe every K will exceed the prior one for years to come. Why? Because I see the UK deal in it's infancy and continuing to expand into other NHS trusts with Annihilyzer and LV machine leases. I also see distributors of all levels that came on board in the latter part of Q2 and though Q3 getting their business model in place and launched. Takes time for a company to launch a business and start to see revs from it. i also see the continuation of Annihilyzer leases in the U.S health care system. I've been asked but what about when they have a Covid vaccine. first from what I've heard that's not coming to market so fast as all of them have had issues. 2nd. i'ts going to take time to vaccinate the world. 3rd dis infection is not going anywhere anytime soon. Imo now people will take disinfection more seriously it's hear to stay.
The increase in revenues is allowing the company to pay down debt yet they need cash to ramp up the business as stated in yesterday's PR. it's hard to do both at the same time so they this 400K allows them to ramp up expansion into the U.S and UK.
Share Price
I see yesterday's PR about the new funding as step one in share price recovery. Step 2 imo is the company to release PR about debt consolidation. Step 3 a PR with Q4 and EOY guidance and step 4 international and U.S expansion including the UK. I hope to see these PR's released in the next 2 weeks prior to filing Q3 which i also hope is early. there is no doubt in my mind the company is growing. The tier up to the QB will allow investors who will not or can't buy pink sheet stocks the ability to buy PCTL. I see this as a key in enhancing shareholder value.
There's been talk about a RS reverse split. Gary has stated many times there will not be a RS. With that said I'm all in with a RS if it allows the company to get off the OTC. The QB is nice but it's still under the OTC aka penny stock land umbrella.
At the current SP is obvious the stock is over sold both on a technical basis and on the prospective growth aspect.
Just a few of my thoughts for today.
Buy.sell or hold make the decisions based on factual DD and not what someone else says. Only person that is looking out for your wealth is you.
E.