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PTEFF - Pioneering Technology: It Has Turnaround Potential
Pioneering Tech Corp
The last time I last wrote about Pioneering Technology (OTC:PTEFF), the stock was trading at $0.31, and this was in late March 2018. A lot had happened since then. In Dec 2018, the firm had lost its CFO: James McEwen. In the following month, Jan 2019, 3 employees were terminated with cause for participating in a scheme to compete directly against Pioneering Tech:
Laird Comber: VP of Sales
Wayne Zu: Director of Engineering and Manufacturing
Steph Cooper: Controller
These executive roles were across different departments so it is clear the firm faced severe