The overall tone of the Operating and Financial review is pretty solemn. Almost as if it is an admission of failure.
Then there is the "Yeah, But now we're trying to put that behind us and move forward' bit: * The Company has been in trials with Century 21 for the past month, with several live offers waiting to transact in Victoria and Western Australia. The Company hopes to shortly announce additional trial partners in Australia.
* The company believes it is now well placed to enter into an IP licencing agreement with Century 21 and/or other leading real estate companies in the Australian market in the coming months and generate revenue within the next 6-12 months.
Seems OK, then you see this: * The Company anticipates that additional funding with be required within the next 6 months to continue the implementation of PCH’s strategy, including further refinement of the technology and trials.
It had better come from private placement - Give Century 21 a holding. I'm happy for dilution. A CR at this point will get them nowhere. Unless they have a signed Letter of Intent.
Best thing about PCH at this point is Charles Tarbey, it doesn't look like he is going to give up easily.
PCH Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
