Gary's been using-funds wisely, doing a balancing
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Posted On: 10/31/2020 8:42:00 PM
Gary's been using-funds wisely, doing a balancing act, between paying down debt & meeting growth. Takes money Long Term!,
Your suggestions are not lost on him, he is aware of what he needs to do. Gary is a seasoned businessman.
PCTL struggling the last few years was vulnerable to and incurred toxic debt, As revenue funds have grown significantly in the past year, Gary has been focused on a balancing act to pay down toxic debt and convertible notes before conversion to warrants in the hundreds of millions, to avert conversion and other toxic penalties. (brilliant move)
PCTL has experienced growing pains, but they weathered them and now are prospering. Changes you speak of requires money and a lot of that money went to debt.
Before the money was coming in everybody at PCTL was wearing many hats to get the job done albeit it was done perhaps not as efficient and with some snafu's along the way. But they did. They made the recent accounting hires as quickly as possible. That tells you the debt situation has improved dramatically.
But as money is becoming available he made the hires for accounting, there are other hires being made to upgrade the company.
While this has been going on, Money was needed for expansion, fortunately for PCTL and its shareholders that money is now flowing in, in the hundreds of thousands to millions, the expansion is crazy good, PCTL is meeting the challenge without falling victim to toxic lenders
Last week we were last week jolted with Great News! news that we will finish the year with 4 plus million for 2020, also that we have unbelievably already more than doubled the 4 million of 2020 revenue guidance for 2021 of 10 plus million but it will be more like 20 plus million as the UK and other huge deals flow into PCTL.
So in a very short time, Gary will have the financial resources to completely eliminate toxic debt, get friendly financing, hire top-notch employees, have cash for inventory, and do fun stuff like engage in a share buyback program.
With the low overhead, PCTL will be able to generate massive profits, massive!
peeps don't realize the profit percentages that will astound investors sooner than later.
I tell you lenders are seeing it, that 400K loan very favorable, will not surprise me if other lenders would like to get in bed with PCTL, lenders always looking for a company to grow with.
PCTL is rolling out PRs, we have had significant revenue and expansion PRs the last month or so. Things are happening so fast!
Your suggestions are not lost on him, he is aware of what he needs to do. Gary is a seasoned businessman.
PCTL struggling the last few years was vulnerable to and incurred toxic debt, As revenue funds have grown significantly in the past year, Gary has been focused on a balancing act to pay down toxic debt and convertible notes before conversion to warrants in the hundreds of millions, to avert conversion and other toxic penalties. (brilliant move)
PCTL has experienced growing pains, but they weathered them and now are prospering. Changes you speak of requires money and a lot of that money went to debt.
Before the money was coming in everybody at PCTL was wearing many hats to get the job done albeit it was done perhaps not as efficient and with some snafu's along the way. But they did. They made the recent accounting hires as quickly as possible. That tells you the debt situation has improved dramatically.
But as money is becoming available he made the hires for accounting, there are other hires being made to upgrade the company.
While this has been going on, Money was needed for expansion, fortunately for PCTL and its shareholders that money is now flowing in, in the hundreds of thousands to millions, the expansion is crazy good, PCTL is meeting the challenge without falling victim to toxic lenders
Last week we were last week jolted with Great News! news that we will finish the year with 4 plus million for 2020, also that we have unbelievably already more than doubled the 4 million of 2020 revenue guidance for 2021 of 10 plus million but it will be more like 20 plus million as the UK and other huge deals flow into PCTL.
So in a very short time, Gary will have the financial resources to completely eliminate toxic debt, get friendly financing, hire top-notch employees, have cash for inventory, and do fun stuff like engage in a share buyback program.
With the low overhead, PCTL will be able to generate massive profits, massive!
peeps don't realize the profit percentages that will astound investors sooner than later.
I tell you lenders are seeing it, that 400K loan very favorable, will not surprise me if other lenders would like to get in bed with PCTL, lenders always looking for a company to grow with.
PCTL is rolling out PRs, we have had significant revenue and expansion PRs the last month or so. Things are happening so fast!
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