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I believe I know exactly what will happen with a long overdue 'driver change'. But that's too big of a meatball to put up on a message board. Plus, I'd be speaking out of turn.
I don't mind questions thrown my way. But I can't necessarily answer all of them. Or rather, I may choose not to answer all of them.
(Final post of the day.)
I only comment on boards where I'm an investor. So yes, I am.
But I'm way more heavily invested in BFNH than ELGL. And as it so happens, BFNH is the ticker people can still buy. It just takes a lot of huevos to buy BFNH near a buck and a half, when we can't see anything yet.
See ELGL post 24285
I keep writing it. We all have to decide who we are going to believe on these boards. I believe this post is accurate.
Yes, that is my understanding, Bigboy36.
But I've been given some timelines in the past that didn't come to fruition, so take that with a grain of salt. And understand I'm just the messenger here. As much as I'd like to have some control over the current situation, I have zero.
It's lovely to feel like I have some idea of how this is supposed to go down in theory. But until I see my stock prices move significantly to the upside, that knowledge isn't worth much.
Though I will say I very much still have faith. Why else would I buy PRED in volume recently when the price got down around 5 cents, before it essentially reverted back to the grays, where it became untradeable again?
As far as I can tell there's likely only one other person on these boards who owns more shares of PRED than me. I'm up around the ballpark of 800,000.
As I already mentioned, we should all be expecting dilution moving forward. (There are far too many outstanding shares of PRED out there, and that needs to change.) I've heard a wide array of the possible degree of dilution, as there are multiple variables being worked out. I for one have come too far with this not to still make out well when this is all said and done.
Ask as many questions as you want.
Your ultimate fear, which is of course the fear of all of us investors in PRED, is legitimate.
But my understanding is that will not be the case.
But if we think we’re going to get a one for one transfer of shares to a new vehicle, I’m guessing we have another thing coming.
I fully admit I’m not sure.
But it’s my understanding PRED will be abandoned as the vehicle holding our company.
A new vehicle will absorb the assets. I do know more, but I’m not going to say anything on a board like this, which should be for obvious reasons.
And I’m not implying the case needed to be settled before the new vehicle could step in. However, by abandoning the case, it could in fact be a sign that PRED is about to cease to exist as we know it.
So it’s possible, as long as PRED was still attempting to stay in control and find a way to pull through, the case was active.
That’s why I wrote you I found the settlement interesting.
The case being settled doesn’t necessarily mean anything. But it could mean significant change is about to come.
What are your thoughts?
Interesting, Bigboy36.
I guess we'll see if the dismissal of this case indicates the company has found another way forward, and they're cutting their ties with PRED as their vehicle - as I've previously indicated.
I have not yet seen an outcome to the Auxocell litigation, sir.
But Brent Hatch was the attorney who initially submitted the detailed litigation against Auxocell, so clearly he thought there was enough there to fight for the significant damages incurred.
What a train wreck.
Don't expect any filings so long as the company is held by PRED, DJS1.
PRED has been destroyed. The company has not. There's a big difference.
I've said it before. We'll need a new vehicle holding the company before we can move forward. That reality is not going to change.
So for now, no filings.
"....my pessimism was very well earned in this case."
100% agree. I brought more than a few investors into this investment. Some have stayed with it, and some have jumped ship. I did not try to convince those who decided to leave to do otherwise. Management has been an embarrassment. Period. And as much as I believe the company can succeed under the right new management, and with the right vehicle holding the company, until I see the necessary steps taken, I'm not guaranteeing anything.
"....the main power house players affiliated with pred couldn't do anything to stave off or deflect the attack, or even bring anything to market that would subtly counter the attacks by proving their worth."
Probably your best point so far. I don't claim to be all knowing when it comes to this debacle. Far from it. But my understanding is that the individuals that really have the power to intervene, no longer had the reigns. Giving up those reigns to current management proved to be the company's undoing. PRED has far too many shares available. Management made some horrendous transactions with the wrong people. And my guess is they felt desperate, and tried to find that unicorn to turn things around, and instead, just made more mistakes, burying themselves even deeper.
But as I mentioned before, if in fact current management sees no other way forward, they may have to hand the reigns over to someone more capable, even though I imagine that's the last thing they want to do.
"Purely from a business stand point, one would think, if the catalyst for an attack was a rejected by out offer, I would expect that after destroying the market value after such an attack, that the attackers would be swooping in to buy the pieces they initially wished to purchase at a steep discount vs their original offer. Instead pred is selling assets and divisions to other much smaller entities."
Greencandle, again, I don't have a crystal ball here. But what you see being sold off thus far is not where the real value is in my humble opinion. We have yet to see how the pieces with real value will play out.
If new management is smart, they'll find a way to work WITH a pharmaceutical company or two, rather than against them. Then everyone makes money, and this company could in fact be protected from other pharmaceuticals.
That's what I would do anyway. Sure, there would be less potential for profit, but it would essentially be going back to being bought out, having a smaller share of the pie, but surviving and being substantially profitable. Am I the only one who thinks like this? Take the sure thing, be successful, help others, and make some good money. Seems like simple math to me, especially after what just went down.
It's odd to finally have an intelligent conversation on this board. Very odd.
Excellent points, across the board, greencandle.
From your post:
"They couldn't counter punch so to speak and deliver on anything?"
"The Chinese covid testing thing?"
"Even the attack you mention wasn't handled properly."
All of your questions and points are legitimate and reasonable. And each and every one point to sub bar managerial decisions, which is why the company has failed. I'm no CEO, but I would have handled things so very differently. And I definitely would have taken the fight to the enemy.
"And I really question any major pharmaceutical company, let alone multiple companies, would pay that much attention to some rinky dink pink sheet stem cell company."
You just answered your own question. That's exactly correct. Major pharmaceutical companies would not pay attention to some 'rinky dink pink sheet stem cell company'. So for them to come after PRED, and come after them hard, implies there was a lot more there than most were aware of.
"Do you really think an attack by 'bad actors' in the pharmaceutical industry would carry that much weight with the likes of Sorentino, thermo, the board members including senator hatch at the time, and every other heavy weight purportedly involved with the company?"
I don't think it, greencandle. I know it. I even know how much they paid to have PRED taken down, and no, I won't say. But it wasn't chump change. It was enough to have major players from around the world coordinate, and literally have zero risk in destroying PRED, while making an insane amount of money, and yes, undoing millions of dollars of market cap. (This has already been discussed, with the specific countries that were involved being mentioned on this board.) Most of you probably glossed over that kind of post, thinking, 'where's the proof'?! But there are only a handful of credible posters with actual knowledge on this board, and everyone has to try and figure out who they are. I'll give you a hint. They aren't the ones with 3,000 posts, screaming the sky is falling, long after PRED has been beaten into submission.
I've had more than a few 'wolves in sheep's clothing' contact me privately to try and find out how I fit into this and what I really know. These people do not mess around. They have an agenda, and they are ruthless, and they are very good at what they do. Morality and ethics don't exist for many in this world. They don't play with a rulebook. The ends justify the means.
"...there's always some vague ominous thing going on in the background we're supposed to put faith into..."
Nobody asking you or anyone else to put faith in anything we're posting. If I were in your shoes, I wouldn't. In fact, I'd probably be more pessimistic than you. And you're pretty pessimistic!
But, I happen to know considerably more than the average poster on this board. I'm not sure if that's a blessing or a curse at this point. It's been a long, long road.
One final thought. Why has it taken so long for this supposed alternate path to be utilized to 'save the day'? My guess is because current management had to become desperate enough, after all of their failed attempts to 'right the ship'. Once complete failure became inescapable, it softened up management to accept help, including making difficult decisions that I'm guessing won't be good for them (career wise as well as stock wise) in the long run. I guess we'll see.
Or who knows. Maybe I'm full of it. Maybe I'm trying to trick the last few remaining longs into buying more, and push the stock price up a penny or two. Oh no, wait. We can't buy stock shares anymore.
So much for that theory.
(This is my last post of the day.)
Come on greencandle, there's only a couple options here.
1) This company is toast. It's effectively on the grays and never getting off, and all of us longs are screwed. And every single person is wasting their time on this board.
2) My suggested game-plan is in fact true.
If you've been following this as closely as many of us, (and I believe you have), then you know this goes way beyond poor management, which nobody, and I mean nobody, disputes at this point.
You should know that PRED was intentionally and successfully targeted and destroyed by some very powerful pharmaceutical companies because it would have undercut their earnings significantly. That's why they offered PRED an attractive buyout offer way back when. PRED management refused the offer, knowing their true potential. I wonder if they regret refusing that offer now.
So do you think anyone is going to throw the next strategy out in a public forum? Come on. There are still parties that would love to continue sabotaging this company.
So how do you know I'm telling the truth. You don't. You should't believe a word I write. Or anyone else for that matter. I'm probably only posting because I'm bored. And beyond irritated at how this whole thing went down. This could have been so avoidable, and that falls squarely on management.
But why the heck do I still occasionally check out this board, and even more rarely post? Good question. There's no reason to at this point. None. Zero. I mean, PRED isn't tradable anymore by us mortals, right? So it's not like I'm trying to influence anyone to buy, buy, buy, and maybe push up the pathetic stock price.
So I really don't care if people choose to believe me or not.
In the meantime, all of us longs are stuck with waiting, and seeing if there is in fact a way out of this train wreck mess.
Once again you’re correct, old guy.
There is still tremendous value in this company. And the company will survive. Not because the current management will suddenly find the ability to appropriately manage. But because of other players involved, who are unwilling to let it fail, and are willing to be creative in order to find a way - despite the fact the current vehicle holding the company has been decimated.
Now let the pile on begin.
It will work out. Just not the way people are thinking.
Stay tuned…..
Care to share how the Old Guy burned you, and why you’re so P.O. at him and PRED?
If it’s the truth, let er rip.
Sweet.
One step closer…..
Question-assuming the merger is a 1:1 proposition, and knowing that the float for bioforce is roughly 2,000,000, and the float for ELGL is roughly 41,000,000, how does that translate for a new float for the merged company?
In other words, let’s say an investor owns equal shares of bioforce and ELGL (the case for me) purchased at comparable prices (not the case for me actually). Which lot of shares would he do better with after the merger? Or is the answer he would do equally well with each lot of shares?
I just don’t understand if the significantly different individuals floats of ELGL and bioforce is a variable or not if the two companies merge at 1:1.
Thanks in advance.
I picked up 4,000 more shares of BFNH at the end of last week.
I think we’re close to the merger.
Indeed. It’s time to trim the fat. Long overdue.
I was wondering how long it would take you, based on your posts, to figure out this investment is not for you! Congratulations. You finally got there!
Per your own admission, it’s time for you to go to other boards and start the process all over again! Good luck, and don’t feel the need to come back to this board anytime soon.
If you get confused, and feel the urge to come back to this board, just go back and read your own posts. I promise, you’ll be good to go!
Prediction - there are a lot of people who will owe Merle apologies when this is all said and done.
Very few, if any, will have have the character to offer them.
Question - has anyone had any success buying ELGL on TD Ameritrade recently?
TIA.
You guys are getting caught up on the wrong topics of discussion.
Ask yourself what really happened here.
Major pharmaceutical companies saw PRED’s potential and significant threat to their earnings, and decided to crush the company. And they were extremely successful at doing so.
It’s a perfect case study that if you have enough money and determination, you can crush any up-and-coming company, if you are willing to use any means necessary.
PRED‘s threat is their diagnostic testing and potential treatments for significant diseases and illnesses. Period. Everything else is just fluff and an attempt to create earnings short term. All of these attempts have been stomped out as well.
Fair or not, PRED‘s name has been annihilated.
So, there’s really only one path forward that I can see. This company needs a complete rebirth. New management, and other changes as well. Significant ones.
And even with those changes, there is still the problem of the pharmaceutical companies.
So I see only two choices. One, continue to go up against them and get your brains bashed in (which is a guaranteed conclusion), or two, ...............
I’ll let you guys fill in the blank. Seems pretty obvious to me.
How PRED currently exists is a complete failure. But that is going to change.
I still have not sold one single share, and I’m not going anywhere. We have not seen this story fully play out yet. (And no, bankruptcy will not be the final chapter.)
Agreed. I have significantly added to my already substantial GRHI position in the last several weeks.
"Nebula....says that it will be announcing a partnership with a 'major pharma company' soon." And Nebula is forming a partnership with PRED.
VERY interesting.
I seem to recall the consensus was some major pharmaceutical companies were intent on seeing PRED fail.
This sure seems like a significant development, as well as a departure from PRED's adversarial relationships with major pharmaceutical players.
STATEMENTS OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES (4/13/21) for Bradley Robinson, Michael Dey, Ronald Barhorst, Orrin Hatch, Paul Evans, and Jacob Easdale (Chief accounting officer).
https://predtechgroup.com/investors/
I too am watching the price of this one closely, susa.
If it drops much more, I'll place another order as well.
I don't think you'll get 4 million shares at .0001. I think those days have come and gone, but time will tell.
I'm already heavily loaded with shares, and my dollar cost average is .005, so I'm more than happy with going to sleep again if this takes some time to wake up.
I agree. There has to be a reason GRHI is off the greys. The powers that be don't do that kind of maneuver for no reason.
The question is whether this is just an early step in the process, or it was done because they're getting closer to showtime.
You still around on GRHI, TL52000?
You sure sounded excited about it when you last posted on this board over a decade ago.
Thoughts?
That's nice to hear, because some of us have owned quite a few shares of GRHI for some time now.
Precisely.
That is exactly what happened to PRED.
Granted, some very real, and powerful forces played a large role in sidetracking PRED's progress. But oldguy was on the money with this post.
As exciting as this news is today, longs, you haven’t seen anything yet.
For those of you who stayed the course through this completely unnecessary, long term nightmare, your patience is about to be rewarded.
Locked and loaded.
I find it fascinating us real longs are perfectly confident in this current position.
It has already been mentioned by at least one person on this board how the company will find a way out from the grays, and move forward. And they are correct.
Did any of you really think this company’s management, and Wilson Sonsini, and Deloitte would not have a back up plan for this exact kind of situation? Give me a break.
But if I’m being honest, I sincerely believe every single one of us, of course myself included, is wasting our time on this board. We are literally accomplishing nothing except waiting for the inevitable success of this company. Anybody on this board who is being influenced by others in terms of investing, is in way over their head.
As usual, actions speak louder than words. I am very much looking forward to early 2021 with our company.
Buy 5,000 PRED @ 0.10 9:01am 12/22/20
Buy 5,000 PRED @ 0.10 9:01am 12/22//20
Buy 5000 PRED @ 0.10 9:01am 12/22//20
Buy 5,669 PRED @ 0.10 9:01am 12/22/20
Buy 9,266 PRED @ 0.10 9:01am 12/22/20
Finally, someone who knows what the hell they’re talking about.
Stay the course, longs.
Things are about to get good.
12-31-20 PRED END of YEAR contest gets a bottle of your choice of liquor! You're going to need it. Copy & paste add your guess to the list.
0) MERLE $20.00
1) PRED2020 $.021
2) BRIAN $1.00
3) IB_ $0.43
4) DDTKA $.32
5) Brooklyn137 $9.93
6) Piper $0.08
7) Bprofit $0.53
8) RL $0.02
9) traderking60 $0.79
10) thegreencandle $.0.23
11) BobbyO71 $0.26
12) Bigboy36 $0.50
13) Nilda Nehos $0.61
14) Jimmy313 $0.27
15) LSSFinanceNews $0.75
16) IhidfromtheX $.16
17) Biigboy7 $.54
18) St. George $0.13
19) Elwood1964 $.66
20) patience_in_waiting $.86
Are you trying to tell investors they better get used to waiting until this guy is caught, or are you sharing this information for another reason?
10K is light on notes and subsequent events from the July- September time frame, which could have tipped PRED’s hand in terms of what is to come.
Obviously that’s intentional, and part of the game plan to get off the grey market.
The annual report will be released publicly soon enough.
And we will be getting off of the gray market, because some very smart people are thinking outside of the box in terms of how to do so. None of you will see this coming.
I wouldn't sweat it, Zug. You'll probably be able to buy tomorrow at lower than 15 cents if you time it right. There's still heavy manipulation of the pps going on, and they'll get away with it until the really big news starts dropping, and dropping in back to back PRs.
And my order was only partially filled today. I'll be buying more tomorrow.
But don't get greedy, and wait too long, trying to time the bottom perfectly. When this thing goes, you don't want to be chasing. You'll wish you bought at 15 cents or 18 cents. And while the difference seems like a big deal now, when this thing gets rolling, it won't matter in the slightest.
And those who decided to wait for everyone else to start jumping in as buyers are going to miss out on a lot of profit.
Yes, us real longs WILL take it all.
The tide is turning, and these absurdly low prices won’t last much longer when the big boy PRs start being released very soon. Like I wrote before, it’s going to be really fun to watch this unfold. The unnecessary pain us longs endured over the past year is going to make this all the sweeter. Delayed gratification always makes the finish line more enjoyable.
Yeah sure, what the heck, I’ll buy more...
Buy 3,800 PRED @ 0.15 12:19pm 10/1/20
Buy 700 PRED @ 0.15 12:19pm 10/1/20
Buy 1,000 PRED @ 0.15 12:19pm 10/1/20
Buy 10,000 PRED @ 0.15 12:19pm 10/1/20
Yes sir. 15 days from yesterday which puts us at October 13 if I’m doing my math correctly. That would be the latest date we can expect the quarterly report, but of course it could come earlier in theory. My guess is they will use every day they can, and maximize the good things that have been happening behind the scenes on multiple fronts. That’s what I would do. Might as well drive strong to the hoop.
Incidentally, October 13 (at the latest) is the date ELGL should become available to a PRED merger, as that is the latest date a third company has to purchase ELGL’s current assets.
Interesting timing to say the least.