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I am very experienced in PR releases and have a concern if the filings are released before any PR's.
Filings are the cherry on top and if we go straight to them, there is no reason to move up further. If PR's bring us up 10-20% at a time and culminate with filings, we could be in the $.90's and then $1,50 plus with filings and hold there.
I bought all the $.4149 then bid/ask drop .40's. It took me nearly 30 minutes. Market Maker shake out may be coming?
The next filing for $ABMC HAS to discuss everything of material significance to shareholders including the fact that next quarters sales will increase over the present, which will already be at record levels.
The types of customers, share percentage of types of tests sold, possibility they will not be a going concern ... but sales will probably carry them through next year etc.
This is not the CEO's decision to mention or not. It has to be done. Lot's ammunition in this next filing.
@gapole, there was so much info that needed to mined. Felt like I was panning for gold nuggets.
OK...The value of $PURE is $6.48/share at $270,761,857.00 if my math is correct.
I am working on the premise that $PURE is a revived company but continue using numbers to be conservative.
Here goes:
Q3 April 20, 2020 base Quarter earnings x 4 = $19,144,000 annual earnings
Anticipated rate of earnings annually 20% (conservative)
Number of years earning are expected to grow - 3 (conservative)
Calculator default Discount for marketability 22% (conservative)
Using CalcAML calculator
Total future earnings/excess compensation $496,953,010
Calculated discount rate 6.5%
Present value of today's earnings/excess compensation $347,130,586
Less adjustment for small size/lack of marketability $76,368,729
Estimated business value $270,761,857
$270,761,857 / 76,732,334 shares OS = $6.48/share.
I am not a financial expert, but I would take this to the bank!
PURE® Hard Surface is the brand name for SDC3A EPA REG. NO.: 72977-5
ETI H20, INC., the company that holds the aforementioned EPA registration number, is a wholly-owned subsidiary of PURE Bioscience, Inc
PURE Hard Surface is registered with the U.S. Environmental Protection Agency.
EPA REG. NO.: 72977-5-73912
EPA EST. NO.: 72977-CA-001
U.S. Patent(s) 6,197,814; 6,583,176
Other patents pending
This REGISTRATION is what I found some months ago and believe to still be correct, but I have not verified.
I'll give you more.....
@gapole, it was sooooo great to see price increase without the spammers and promoters. Gives me hope we will hold gains and not sell on news tomorrow. How many bought long ( hard to do with an OTC) and how many for the news. We will see soon enough!
@subslover, a great call on a perfect chart. Better than textbook. Certainly worth being patient. Congrats and let's see what tomorrow holds for us.
@makinezmoney, Congrats to you and all the diligent shareholders.
We felt it coming didn't we!
$PURE reports record revenues and profits. Highlights below!
Revenues for the fiscal third quarter in 2020 increased 612%
Net income per share was $0.01 for the fiscal third quarter in 2020, compared to a net loss of ($0.03) for the fiscal third quarter in 2019.
Gross margin was 56% for the three months ended April 30, 2020
Revenues for the nine months ended April 30, 2020 increased 129%
$PURE Bioscience, Inc. (OTCQB: PURE), creator of the patented non-toxic silver dihydrogen citrate (SDC) antimicrobial, today reported financial results for the fiscal third quarter ended April 30, 2020 and the nine-month period ended the same date.
Highlights:
Tom Y. Lee, Chief Executive Officer summary
“With the achievement of profitability, I’m pleased to note that revenue for our fiscal fourth quarter is expected to meet or exceed our fiscal third quarter revenue.”
“Due to increased and continued demand, we have expanded our production capacity. Our primary contract manufacturer has invested significant amounts to improve lead-times and volume, allowing us to manufacture bulk product in two Midwest locations with further expansion underway."
“For the first time in the company’s history, PURE is profitable. During the third quarter, sales to our distribution network significantly increased due, in part, to our recently announced partnership with Packers Sanitation Services, Inc. (PSSI) and our alliances with Whiting Systems, Inc. and Marathon Group, LLC. We look forward to expanding our relationships with PSSI, Whiting and Marathon, all respective leaders in their industries with national and global reach."
PURE® Hard Surface
-Food Processing and Manufacturing: PURE Hard Surface is now available for use in over a thousand protein, produce, bakery, and dairy facilities across the United States
-Transportation Sanitization: PURE’s Transport Sanitation Solution, designed to meet the FDA Food Safety Modernization Act (FSMA) requirements, is now being used by three of the nation’s largest food transportation companies servicing restaurant chains, food processors and grocery store chains
-PURE’s Transport Sanitation Solution across multiple channels, including prisons/jails, hospitality, education and more
PURE Control®
SmartWash® Boost: delays and economic impacts related to COVID-19 have impacted final third-party validation of SmartWash® Boost. Nonetheless, SmartWash remains committed to bringing the revolutionary Boost product to market to treat pre-cut lettuce as a further intervention step to protect America’s food chain. A senior executive of Taylor Farms was recently quoted saying, “Clearly, there is a path forward for Boost to play an integral part in ensuring the safety of the United States produce supply.”
While five facilities are operating using PURE Control, the planned rollout at a multinational produce processor was slowed by the events of the first calendar quarter of 2020. All plans remain in place and are expected to move forward to additional locations for berry and tomato processing. The same multinational corporation adopted PURE’s Environmental Solution for all 21 of its locations, including corporate offices for facility and employee safety.
To date, work is ongoing with multiple additional processors for treatment of herbs, tomatoes, onions, broccoli, cabbage, berries, processed grapes, leafy greens and cut lettuce.
https://www.marketwatch.com/press-release/10-q-pure-bioscience-inc-2020-06-11?mod=mw_quote_news
https://last10k.com/sec-filings/pure/0001493152-20-011000.htm?utm_source=stocktwits&utm_medium=forum&utm_campaign=8K&utm_term=pure
https://m2compliance.com/hosting/company/PURE/link_files/2020/06-11-2020/Form10-Q(06-11-2020)PureBioscience/Form10-Q.pdf
TDAmeritrade shows $PURE earnings 2020-06-12 after market Central Time.
This is for actual earnings Q3. Record earnings projected.
GLTA
Reminder the ABMC 10K is scheduled for Friday 202-06-12 after market.
Do we have a list of $ABMC COVID-19 test kit users? I am always finding little counties and a few small public agencies that mention it.
$ABMC COVID-19 Rapid Test outperforms $CEMI, Chembio Diagnostic Systems DPP Covid-19 IgM/IgG System test. Both are listed along with Mount Sinai Hospital Clinical Laboratory COVID-19 ELISA Antibody Test. They are the only three EUA Authorized Serology COVID-18 Test Performance kits from a group of sixteen EUA authorized Serology tests. Dated as of 2020-06-04.
The Healgen COVID-19 IgG/IgM Rapid Test Cassette which @ABMC distributes is the only one that does both COVID-19 IgG/IgM.
(When on the site, just search for Covid.)
https://www.fda.gov/medical-devices/emergency-situations-medical-devices/eua-authorized-serology-test-performance
Ahh, you mean $ABMC will see buying pressure soon. Thought you meant they will be buying the company.
Just replying to the question from jbmb11 and good to know.
$ABMC has not announced the FDA third party tests. I came across them doing DD.
$ABMC Breaking Update COVID-19 FDA results posted for Rapid Test is one of only four with positive FDA results from a National Cancer Institute Evaluation of the Company’s Licensed COVID-19 IgG/IgM Rapid Test.
An independent validation study performed by the NCI.
96.7% and 100% sensitivity were estimated for IgG and IgM, respectively.
97.5% and 100% specificity were estimated for IgG and IgM, respectively.
Combined sensitivity and specificity were 100% and 97.5%, respectively.
$ABMC has a distribution agreement with Zhejiang Orient Gene rapid test. Emergency Use Authorization of the COVID-19 IgG/IgM Rapid Test Cassette was granted by the FDA on May 29, 2020 to Healgen Scientific, LLC, the U.S. subsidiary of manufacturer Zhejiang Orient Gene Biotech, Limited.
Independent Evaluations of COVID-19 Serological Tests
https://open.fda.gov/apis/device/covid19serology/
$ABMC Web site with the COVID-19 test
https://abmc.com/
Coronavirus (COVID-19) Update: FDA Publicly Shares Antibody Test Performance Data From Kits as Part of Validation Study
https://www.fda.gov/news-events/press-announcements/coronavirus-covid-19-update-fda-publicly-shares-antibody-test-performance-data-kits-part-validation
rain
$PURE I have read that Chipotle was still using $PURE SDC as recently as 2019. I will track down the article.
$PURE is on the homepage of Whiting Systems. They are taking COVID-19 and its control very seriously. Realize that the sleepers on long haul trucks are shared by several drivers, some of who may not even know each other.
https://www.whitingsystems.com/
I added to my $PURE position today, so averaged up, way up. I can feel the tension on the rubber band and it is ready to snap.
@subslover, When volume hits, FOMO will follow and I can easily see your conservative projection of $1.75-2.00 being hit.
Level 2 tension is building on these PR's and smart accumulation is occurring. Just a few buys at a time, just enough to keep the ask from moving up. I can "feel" $PURE wanting to break out. When the move begins, it will be very hard on the upside.
rain
Great YouTube video @Pierpont. This is a program that should be done between each shared truck. So several times a week on long haul drivers.
rain
$PURE has so many positive press releases on the way:
The PURE Transport Sanitation Solution will be used for
Airline Industry
Train Industry
Bus Transportation Industry
Commercial Transit Industry
and in Blue Chip Corporations
https://www.businesswire.com/news/home/20200604005707/en/PURE-Bioscience-Announces-Strategic-Alliance-Marathon-Group
$ABMC American Bio Medica Corp (ABMC) 8K
https://www.marketwatch.com/investing/Stock/ABMC/SecFilings?subview=secarticle&sid=6875&guid=14193717&type=8
It has not hit TDAmeritrade,ETrade or many other news outlets.
$ABMC earnings are due any day. I have not read anything today on earning and I am sure the company is busy getting loose ends wrapped up for the 2019 Form 10-K filing and then they will tie in the Emergency Use Authorization (EUA) for the COVID-19 IgG/IgM Rapid Test Cassette distributed by the Company. This is only the fourth lateral flow COVID-19 rapid serology test authorized by the FDA.
"delay the filing of its Annual Report on Form 10-K for the year ended December 31, 2019 (the “Form 10-K”). The Company reported in a Form 12b-25 filed with the U.S. Securities and Exchange Commission (“the Commission”) on May 14, 2020 that is expected to file its Form 10-K by today (May 29, 2020)."
https://secfilings.nasdaq.com/filingFrameset.asp?FilingID=14188339&RcvdDate=5/29/2020&CoName=AMERICAN%20BIO%20MEDICA%20CORP&FormType=8-K/A&View=html
Emergency Use Authorization (EUA) for the COVID-19 IgG/IgM Rapid Test Cassette distributed by the Company. This is only the fourth lateral flow COVID-19 rapid serology test authorized by the FDA.
@subslover agree that $1.40 - $1.49 price is possible. Let's see how many more shares are being held down to 1.25 before we move to that $1.50 level.
I was thinking we may get more consolidation at these levels, but buyers are hungry for shares. Perhaps our time has already come.
Family in So Korea, which has been praised on how they handled the Covid-19 pandemic, is telling me this weekend that they have another spike in cases after normalizing things over a month ago. I am fairly certain that this will happen in the States too, perhaps worse. Timing for $PURE could not be better.
I'll repost:
Hitting $1.00 for the first time since Feb 2018 confirmed that taking a position in $PURE was a solid decision.
Without going into detail, I show major resistance areas:
$1.00 from Dec 2017 (hit and validated)
$1.25 from Aug 2017 (hit and validated)
$1.50 goes back to 2012, but got stuffed two other times since then.
Get past $2.85 and $5.00 is in your pocket.
$PURE is riding a wave, and quite a large one, easily going into 2021. I agree with you @subslover. New contracts, perhaps with more known users will draw more attention.
However looking at portions of the agreement with PSSI, $PURE did it right. PSSI will have all rights to the protein food service industry and every else is left open.
The current pandemic will force sanitary regulations to increase so the acceptance of higher costs for maintenance labor and materials will be accepted by producers,albeit not happily, and therefore passed down to end users which is their clients and then to us consumers.
I was pleasantly surprised how well the terms work out for $PURE with the PSSI agreement and even LARGER markets are still left to sign. The restaurant supply distributors are so much larger than the protein processing market. Only speculation, but a contract with a US Foods, EcoLab, or Sysco would be that catalyst you mention.
The potential is just incredible.
This is great news. $PURE Bioscience needs a distributor with a strong sales team. I read a few comments that an exclusive distributor sounds limiting, but considering what they had previously this is the correct direction for the company to go. Consider that:
PSSI Services division is a very professional company and is the end user of cleaning supplies to 450 daily clients. This is allot of product.
PSSI Chemicals is a manufacturer and distributor of specialty chemicals for the food industry. They have the distribution/sales team selling back to PSSI Services and others.
The company must have established sales with PSSI and their clients already set in place.
I am feeling positive that the are not throwing random PR's at us and seeing what will stick.
Hitting $1.00 for the first time since Feb 2018 confirmed that taking a position in $PURE was a solid decision. Not to be negative but .92 is major resistance confirmed by the last three days and stopped stone cold this past February.
I hope we blow straight through to $5.00, but we may have to bank profits as we get through a few resistance areas.
Without going into detail, I show major resistance areas:
$1.00 from Dec 2017
$1.25 from Aug 2017
$1.50 goes back to 2012, but got stuffed two other times since then.
Get past $2.85 and $5.00 is in your pocket.
I can see this happening.
Agreed, new management needs the time to get old issues resolved.
Perhaps there are things going on in the company other than the selling of disinfectant. I have the sense they are preoccupied with more. I have no clue but for my "thoughts" or issues I mentioned in previous posts.
I am in deep since early this year, but strictly for the product in the current sales environment. Management has to work harder to gain shareholder confidence, but if they are serious about helping during this time with the pandemic and all, this will be a breakout year.
$PURE Biosciense is basically an unknown company with a patented disinfectant registered with the FDA that works on Corona viruses. This could be a breakout year for them since I have to look back to 2016-2018 to confirm resistance levels. However, since the company rarely sees volume spikes longer than two days, we may never have the chance to see them. If there is interest, the next resistance is at 1.04 which was attempted four time today and 1.28 (determined from monthly charts). Note that level two was showing $2.00 before the volume moved in and woke up the slumbering MM's. I've been long for a long time, but concerned by the lack of company updates and other factors mentioned in my previous posts here and on other boards. What a quandary. GLTA Rain
$PURE patented silver dihydrogen citrate vs Clorox Bleach or antibiotics.
Basically Bleach is chlorine, a salt. Colonies of bacteria become biofilms that formed as protective communities that can become resistant to salts. Salts as an oxidizer, kill cells by contact. If biofilms have grown to resist these attacks they will be unaffected. Chlorine is also toxic, corrosive and damaging to surfaces it is used on.
Silver metal ions especially with Pure's silver dihydrogen citrate product and antibiotics as tested in this report, enter cells and breakdown the bacteria internally. PURE's website has a great video on it's mode of action: https://www.purebio.com/technology/silver-dihydrogen-citrate-sdc.htm
Silver has been know to be antimicrobial for thousands of years(even though we did not know what a microbe was). Recently, it has been introduced into as in the treatment of water, in dietary supplements, in medical applications, and to produce antimicrobial coatings and products. Silver is often used as an alternative disinfectant in applications in which the use of traditional disinfectants such as chlorine may result in the formation of toxic by-products or cause corrosion of surfaces.
Conclusion from this abstract:
The antimicrobial activities of an oxidant, a metal ion, and an antibiotic (chlorine, silver ion, and tobramycin, respectively) on biofilm cells were investigated by three methods, each of which used a different analytical principle for the determination of antimicrobial activity. The resistance of the biofilm cells to an oxidant was increased almost 250 and 300 times compared with the resistance to the metal ion and the antibiotic, as assessed by viable plate counts. The components of biofilm cells principally affected were related to cell membrane integrity in the case of oxidant treatment and respiratory activity in the case of antibiotic treatment. Metal ion treatment affected both components similarly. The use of combinations of agents which have similar antimicrobial behaviors but which are not too oxidative, i.e., silver and tobramycin, might be an effective strategy for preventing microbial adaptation and facilitating the antimicrobial actions of the agents. This study might contribute to a better understanding of the antimicrobial interactions between biofilm cells and antimicrobial agents and help to establish better strategies for the use of antimicrobials against biofilms through the appropriate choice and the use of the appropriate combinations of agents.
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2292569/
$PURE I will be getting an education on this one. Nine days of gains, no pullback and slowly increasing volume. Something has to let loose.
Extremely curious to see what will happen with an incredible chart but lacking fundamentals and no recent updates on company activity or lack of. rain
$PURE has quietly risen to a TWO YEAR price level without a word from the company in quite some time.
There is currently increasing price action/volatility and the stock has a history of 100% breakouts.
The chart, as of today, shows a strong buy, but stay cautious.
The current corona virus environment should be a breakout moment for the company as a whole, but outward signs are concerning.
The products are EPA registered as a disinfectant and are listed in many states health departments as viable disinfectants due to the EPA registration
List of a few sellers of PURE products
https://www.nimmed.com/puregreen24.html
https://purityservicegroup.com/pure.html
https://safehandles.com/store/PURE%C2%AE-Hard-Surface-can-eliminate-99-99-of-bacteria-viruses-and-fungi-c43306514
https://www.interconchemical.com/products/disinfectant-and-food-contact-sanitizer/
https://www.davisonsbutcher.com/covid-19-solutions/hard-surface-no-rinse-sanitizer/
PART 2
However:
The website has not been updated in many months and the shopping cart is down.
The website has become a placeholder for stock market quotes.
The last PR was a purchase from an affiliate company. A third party sale would be much more convincing.
Products are difficult to find without a thorough Google search.
GLTA
@Renee, Thanks for the info.
$CORV I added this morning on volume. $.345 is solid resistance that has been pierced a few times. $.33 shows minor support.
$CXRXF has offered $.42 for $CORV. The buyer is ADVANZ PHARMA CORP LTD COM LTD VTG and hit a high of $19.40 this morning running off low of $3.41 just three days ago.
Congrats on $CNRXF holders.
$CORV holders look solid with buys at these lows.
Rain
@DiscoverGold, Great insight on this board. Greatly appreciated.
I never expected to be so heavy in junior miners, but the charts are so primed and still loading. Just a trigger away from taking off, I can't resist going long.
rain
@Miccojo, I can't imagine how hard it is to lose a daughter and hope you both had a good life together. I live my life with my daughter as close as I can, both as a friend as well as a dad.
rain
The federal government in crypto currency is an incredible 180 degree move giving credence tho what three private sector has been saying for years.