QB WATCH: November 13, 2020 03:03 PM Easter
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Posted On: 12/04/2020 9:37:43 AM
QB WATCH:
November 13, 2020 03:03 PM Eastern Standard Time
LITTLE RIVER, S.C.--(BUSINESS WIRE)--PCT LTD (OTC Pink: PCTL) announces that, on Wednesday, November 11, 2020 the Company executed an additional 6-month term conventional convertible note with RB Capital Partners, Inc. in the amount of $300,000 with a conversion price of $0.15/share of PCT LTD’s common stock (par value $0.001) and a five percent (5%), fixed annual interest rate. Much of this funding is dedicated to the purchase of inventory needed to finish assembly of equipment to fulfill current orders, as well as prepare additional equipment for impending sales that are in the pipeline now. In addition, a portion of this funding is being used by PCT LTD to settle the last of the remaining prior year convertible debt which will allow the Company to finalize the move to OTCQB.
November 13, 2020 03:03 PM Eastern Standard Time
LITTLE RIVER, S.C.--(BUSINESS WIRE)--PCT LTD (OTC Pink: PCTL) announces that, on Wednesday, November 11, 2020 the Company executed an additional 6-month term conventional convertible note with RB Capital Partners, Inc. in the amount of $300,000 with a conversion price of $0.15/share of PCT LTD’s common stock (par value $0.001) and a five percent (5%), fixed annual interest rate. Much of this funding is dedicated to the purchase of inventory needed to finish assembly of equipment to fulfill current orders, as well as prepare additional equipment for impending sales that are in the pipeline now. In addition, a portion of this funding is being used by PCT LTD to settle the last of the remaining prior year convertible debt which will allow the Company to finalize the move to OTCQB.
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