Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I will not buy 1 more share on hope or hype has to be definitive as I will take Anthazar word and wait. Waiting has saved me lots of money and I hope will cost me on the way up.
I know that to be true i warned many to not have an oversized position in a stock with this profile..i have been fortunate to have avoided that mistake in this stock..i have been waiting a secondary pivot and was hoping that Anthazar was right in seeing some fireworks in the k. NOW HIS RESPONSE IS HURRY UP AND WAIT. I sold most of my position higher but still have a few shares lets hope that prph insiders know what they are doing with their 1% purchase of stock
I have raised some if the same issues staying on the sidelines until and if I see clarity holding a small position that's it. Anthazar stated there were supposed to be fireworks in the subsequent statements but nothing of note. Btw did you see Brad got cuffed for material issues regarding the expiration of stock or warrant issues isdues..man still waiting for the bleeding to stop and big boy to be right. He is right about 1 thing Deloiite holding Pred feet to the fire
PRPH basically doubled since their announced partnership with PRED . Remember PRPH principals own stock in PRED also as was announced if you dig thru the PRPH filings. WHat does that mean>? HMM only Anthazar knows and BIG boy surmises will always be positive. Actually I will ring it up as a potential positive also.
ok what type of rev run rate would on the low end what we could anticipate by the next filing?
Big Boy when will Spectrum update their website to show Pred Labs as a processing facility for their saliva tests? The website says not all labs are shown and that some are awaiting their own EUA like in Pred?
Will this be an 8k event?
ProPhase Labs Announces Definitive Agreement to Acquire CLIA Accredited Lab Certified for COVID-19 and Upper Respiratory Test...
Looks like Pred earning their consulting fees?
Someone lent then 4 million as an accredited investor backed solely by revenues from the saliva test and as an accredited investor they would have been privy to info that would have convinced then that convinced then that they had a real chance to get paid back. Your arguments are nullified by this scenario
Jeff i agree ..
Anthazar my read continues to be correct haven t bought more despite you telling me that buys at higher prices were gifts. For now as I told Brad I await a pivot based upon actual news of significant revenues based upon your anticipation of the alleged subsequent developments which didn't amount to much in the recent filing . I thank you for not calling me you may have induced me to take an oversized position for which I would be under water on. In the meantime you are correct I will hurry up and wait and do nothing until I see something that clearly shows a significant sustainable revenue stream without having to connect dots which requires to much poke and hope hockey.
are we stopped trading again ? lol
I agree with you 100% however I hope that wellgistics deal doesn't bite them
good point ..evidently not true in the filing. They said no as in zero sales of the dablood test..everything riding on the saliva test and lab now..
Brian i agree good to see a filing but as usual the officials have to look at the replay..lol..see my last post. The only way the Wellgisitcs scenario is cleaned up in my opinion is for the Dablood test to get the FDA EUA soon . It looks like FDA commented on it and Pred and I am sure DAblood is responding . IF not I am having a hard time understanding why Pred would pay Dablood for tests for Wellgsitics that have not been approved yet. ANd then Pred gets 200000 kits on consignment? Sounds well very pred like to me>? again my head hurts thinking about this. Anthazar you are welcome to chime in.BIGBOY ..nothing you say will shed any light on anything .
i dont think that comes as a surprise either? Anthazar ..has publicly stated that there would be some good stuff in the filing under subsequent events . Yet the only thing there is about the cash infusion based upon the saliva tests. Anthazar the time is now for you to come thru with some credible comments since everything i have seen to date from you has resulted in disappointment. Remember when you were agreeing with me that as long as pred was a partner with Wellgistics that my investment thesis was correct. Also tell me if I am wrong. Pred received 5 million from Wellgitistics for the Dablood tests as exclusive distributors? And then Pred passed that 5million on to Dablood without the EUA in effect ? ANd to date Wellgistics wants the non refundable 5 million back ? But as of yet hasn't filed suit ? Have I missed anything. Certainly another head scratcher and one that requires some thought or insight. ANthazar had said previously " that pred got rid of wellgistics because they werent doint their part" . What exactly was their part? To put up more money for a test kit yet to receive an FDA EUA. wowo This makes my head hurt thinking about these permutations . For once BIG BOY ANTHAZAR or anyone else who has been bullish can anything be a clean over the fence HOMERUN without umpires always reviewing the play. DAM
However what is interesting is they said they did get a response back from the FDA and are responding to the FDA.. So i would say that was a preliminary negative but with open possibilities with appeal or additional data. Moreover and more importantly the accredited investor they speak of that lent 4 million backed 100% by revenues from the Saliva testing inho would have been privy to the volume they are doing or expected to do in order to pay off that debt or convert it if the stock were to rally enough.This to me is the salient point of the whole filing giving us maybe not the revenue stream yet but enough to assume the prph got the scoop and and what that stream is ramping up to be !..
Big Boy did you see my post ..Ill feel alot better once Preds lab is shown on the spectrum website!!
i hear you loud and clear!
obviously Pred and the accredited investor (PRPH) why they didnt name them in the filing is strange. But they both expect to pay back this note with significant revenues from the Saliva test thus we should see some mention of said revs>? But in any case for certain in next q .?
anthazar this is all that is listed under subsequent events.
" July and August, the Company issued promissory notes to an accredited investor in the amount of $1,000,000. The notes bear interest at 15% per annum and mature on September 21, 2020. The notes are secured by the revenues arising from the Company's Assurance VR™ COVID-19 RT-PCR test.
On September 25, 2020, the Company and the same accredited investor amended and restated the outstanding notes and increased the principal amount by $2,000,000 to a total of $3,000,000. The amended promissory note bears 15% simple interest. No payments on the amended promissory note are due until September 2021, at which time monthly payments equal to 1/36th of the outstanding principal and interest amount shall commence. Interest accruing prior to September 2021 will be added to the principal amount. Any remaining principal and interest shall be due on September 30, 2022. The amended promissory note is secured by the revenues arising from the Company's Assurance VR™ COVID-19 RT-PCR test and may be prepaid without penalty.
The Company entered into a Consulting Agreement with the accredited investor on the same date that the promissory notes were amended. The Company will provide various services in connection with the accredited investor's COVID-19 testing business, including technical consultation and sales lead generation. The Company may earn up to $1,000,000 in milestone payments and shall earn a commission of 5% of the accredited investor's sales generated from sales leads provided by the Company. Amounts earned under the Consulting Agreement shall first be applied to any balance outstanding under the amended promissory notes. The Company's total compensation under the Consulting Agreement is capped at $4,000,000. The agreement may be cancelled by the accredited investor without penalty.
-92-
Anthazar you made a claim a few weeks ago that the subsequent events in the filing would contain some potent good news. Care to elaborate. ?
Patience I agree . nothing in k that addresses volume of orders for covid saliva processing.
Here is answer I think from Spectrums website
" NOTE: Labs listed above have been verified and issued a EUA number from the FDA to process saliva for COVID-19 testing. Labs not verified, or that have submitted for EUA authorization but not yet received a confirmation number, may still be processing saliva for COVID-19 testing while waiting for that authorization just not listed above. Contact us with any questions. "
why doesnt Spectrum Solutions have Pred listed as a partner lab on their website? Anthazar
he Company introduced the Assurance VR COVID-19 RT-PCR test in July 2020. The Assurance VR COVID-19 viral test is intended for the qualitative detection of SARS-CoV-2 coronavirus during the acute phase of COVID-19 infection. Assurance VR is intended for individuals suspected of COVID-19 infection by a healthcare provider. Assurance VR uses a saliva sample to detect the presence of the SARS-CoV-2 coronavirus genetic material (RNA) using a process called RT-PCR. The sample is processed and results delivered by Predictive Laboratories, a high-complexity CLIA laboratory. Assurance VR uses the EUA approved Thermo Fisher TaqPath COVID-19 Combo Kit for the detection of the SARS-CoV-2 virus. Assurance VR samples are collected using an EUA approved at-home saliva sample collection kit produced by Spectrum Solutions, LLC. This collection device is easier, less intrusive and safer for health care workers than nasopharyngeal or oropharyngeal swabs.
oh you meant ? sure you did? and you didnt bust it down if you were trying to cover ..all nonsense
wow another rl lie i caught you in and there have been many. only 200 shares traded today@ .12 cents ..
BB im not sure that the report is a boom just because Deloitte was still there although that is certainly a positive.
quick takeaway..read very fast thru.
1) There is a Saliva test using TMO ..I could not tell or see if any revenues were generated in the period from this test which has a EUA.
2_ Deloitte is still auditor
3) Cash on hand was about 350000 in cash which does not reflect the remainder of the 3 mill loan.
4) Looks like they passed on the 5 million to the Chinese from Wellgistics.Wellgitics wants money back but Pred says that it was non refundable and that Well didnt pay for the rest of the order thus loosing Wellgistics exclusivity for a test which still has a "pending " Eua .
5) Yr end sales were 24 million . Will check later what that meant in terms of 4th Q
So obviously the Saliva test is real and a real hope that will result in revs asap. Also it does have an EUA already too.This are huge positives..Anthazar what am i missing ?
ya 200 shares .
did anyone see a release of anything ?
thats a fair assessment
up until now at least the correct view of Pred has been skeptical. Even the most ardent bulls are under water. In my few minutes of phone time with Brad I made the point that it
sounds like I should wait to pay up in the event of a 8k or 10q filing with substance behind it. He said well lets hope you end up averaging up from here. I didn't really get much in substance only a few tidbits of frustration as to why we are where we are now. Mostly he was very mute on any new developments . Does not mean nothing is in the works just means i didn't get anything to make my read into things to change my mind about buying into good news if and when that occurs and sort of de risk the going concern scenario . AGain I couldnt tell if there is anything or not I just think he was playing his cards close to his vest not knowing who I was .. Now others claim to have alot more insite then I do and maybe so . All i know is I wont listen to any one on this website . RL thru Anthazar . So I get the doubting Thomas scenario and I am prepared to buy in size on great news but am just keeping powder dry since I no longer will rely on guesswork from shady shorters or prideful pumpers.
we should have possibly seen an amendment to that effect if true?
where do you see this ?
Oh btw that elimination was as of about 6 weeks ago or so
Snakess I understand your bullish thesis but I think he as well as I were simply asking where the filing is? You were on record to say it would be issued early last week were you not? So you seem to have some connectivity to pred thus simply looking for your take and why the delay of the delay. Anthazar statements make it seem like it may not happen at all or for a very long time ?
Anthazar confirmed it but simply look at the Wellgistics website where predictive was listed as a corporate partner along with many high profile companies for months after the stop trading . If you look now pred is no longer listed. Simple.
snakes so where is the filing per your post?