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I agree with you. I did pick up another 15k shares today at what I hope will be cheap price, but best not count chickens before they hatch!
Ameritrade indicating eod 10/05 earnings release.
15 day delay would be tacked onto the original deadline, 9/30 +15
I can't believe Pred is so complex that D&T would find it necessary to delay for that reason, is it possible coming off gray sheets imminent and company for delay to include that?
Yeah clown, we covered this months ago. Suit filed by company that folded 3 months after signing, never did any of the work contracted for.
I looked on DTC and DTCC, don't spot that kind of info. Where should I be looking?
I wonder what happened to that guy, 5 or 6 weeks ago, who said place he worked was getting tests in a week. Said he would get back to us with results.
burglarized
on April 15, 2020
What are you referring to?
The management shot themselves (and us) in the foot when they said they could deliver immediately, and then couldn't. And still haven't, 4 months later. Getting really tired of hearing peoples opinions about management wonderful talents. Show me
Our friends in Texas have a saying "All hat and no cattle". Hmmm.... kind of resonates!
I wish I had shorted this! How can a stock have 35 cents in last quarters per share earnings and be listed as having 1.3 P/E?
What is the difference between TCEHY and TCTZF?
I'm not saying there aren't tests, I think they got a few dozen for test and samples. The big order clearly has not come in, for some (this is the issue) unspecified reason. Had they come in, gone to W, and from there to customers we would have heard about it, and secondary orders.
Management owns stock too and I am very puzzled they treat their own money this way. Maybe they are trying to drive price down so they can buy for pennys.
Hey which one of you characters is really Brad?
I'm still in with 31,000 at .97
I'm getting real tired of hearing how great management is, in my experience a great manager who does something wrong (and we all screw up from time to time) asap communicates with staff and shareholders with "Hey, I, or we, screwed up. We've learned from it and this is how we're dealing with the result."
Silence to me indicates guilt, or at the least a sweeping under the rug. If I don't hear something soon I'll be dumping most of this very poor speculation. I'm inclined to make another trip to SLC, kick some ess.
I just put in a 25k buy order at one penny. I don't really want any more shares at this point, but if I could get my average down to a less embarrassing level that would be okay. Hey Piper, sell me all your shares, when it goes to zero you'll be laughing, I'll be broke and you will have enough for a couple happy meals!
Only one "U" trade? I thought the "V" was pre-market.
So, you have personal direct knowledge of what's going on at Pred?
"Take a trip there and see for yourself!" I may well, if something doesn't pop soon, do that.
Immediate delivery.... Immediate delivery.... Immediate delivery....
Then where are they?
No, I smell incompetent and/or criminal management.
Last month people on this board said that kits issues would be resolved in May, fact! Hmm.....
No communication from the pred clowns, if they had ANY morsel of good news would they mention it? In my experience in any group, club, church or company the head honcho likes to pound the pulpit and shout Hallelujah at any chance, if nothing else to justify their leadership position. Maybe the weather in Salt Lake nice?? No, I guess not....
The low volume suggests to me that all those folks who were going on and on about their intention to buy and buy big have low confidence in these prices continuing, looks like they expect price to drop again and they are waiting for that. I've bought 8 out of last 10 business days, have more than doubled my position, hey Mercedes, have I made a mistake?
Sure, happens all the time. I have thousands of shares of Chinese oil company, CNEP Chinese North East Petroleum, which is still in business doing great but about 15 years ago decided it didn't like having to answer to stock holders so overnight said "we no longer recognize shareholders status or claim on company, as of this morning there are no shares." Obama's SEC eventually said nothing we can do, you are all out of luck and maybe you want to think twice about investing where there is no rule of law, or accounting standards.
And it happens on the low end too of course, like the 100 and 140 share trades this morning at lower than necessary amounts. Just window dressing.
Yes, and this gig is about dried up for you folks. Give us a hint so we can get in on the fun (and profit!) too, where are you guys going from here?
I have some interesting news. I, with a 1k order and a 2.5k order each a penny apart walked prices up from 24 cents this morning. There were no sellers until I hit .33!! I think the 100 share lot was one guy selling to himself or friend just to try and set a low, scare any weak hands that are still out there. Looks like we can figure on bottom being in and steady up from here.
Yeah, except that's a weird fake loss related to BFNH awarding preferred stock to directors. I was not amused to see this director listed;
"The Company’s Director, Secretary and Acting CFO, Richard Kaiser, is the operator of Yes International, a full-service investor relations firm. He handles duties of the Company regarding his officer capacities as the Secretary and Acting CFO, but also provides investor relations services through Yes International for the Company at no charge."
Most of the pumpers and the dumpers on here I take with a big grain of salt, above however I see as a HUGE negative.
It was in the info at time of announcement. If I remember right Wellgistic was paying 50% up front and whole amount was to be paid from Pred to china. There isn't much in the way of valid court system or enforceable contract law between us, and no long term relationship to fall back on.
Thank you, you are 110% correct. I can't fathom why, if the company status is at all positive or neutral, some communication hasn't been issued. If it comes down to lawyers, than company has wrong lawyers.
Yeah, 5 or 6 posts last week included same response. I'm not impressed. Whether you buy at 33 cents or $33 if it goes to zero you got nothing. I have way too many shares, not selling but without ANY communication from clowns at PRED won't buy more.
Zowie, we sure have the short sellers worried, you can smell the sweat and desperation from here!! Not
Registration date is 07/24/2019, there is annual fee to maintain registration, this is notice of continuation. Not significant as to whether or not they closed up shop a few months later. Good find though!
Delaware has no significance, they have favorable corp rules, fees. Majority of corps register there, 2nd choice Nevada.
Pennsylvania has easiest food regs, check packaged cookies, etc. on back will likely mention PA.
I'm not buying until they release some sort of status update. Should have done something day of suspension and every day it's delayed makes it look worse to me. Folks who say you can't go wrong at these prices are foolish, can always go to zero. I hope not, but silence is not golden.
Thanks Brian, does beg the question, How does a company out of business Oct 2nd negotiate contract months later? It would seem that contract would be a misrepresentation of ability to perform and subject to it's own legal problems. If a company has been dissolved, as this has, can it initiate legal moves against another?
I sent kaiser another email this morning, stating it had been 2 weeks and no info from company. This is his response;
On 5/6/2020 12:23 PM, Richard Kaiser wrote:
>
> When information becomes available about corporate on-goings, that information will be posted according to the rules/regs., stipulated by the US SEC.
Which is nonsense.
It's been 2 weeks since this started, has anybody heard anything from company? I got two BS emails from Kaiser saying news "when appropriate".
Under "Summary Malfunction Reporting" it says ineligible. WTF? Somebody at FDA got a payoff to backburner some products?
Give me a break! If you have good news you shout it, if you have no news you say we got no news you explain where you're at and what exit looks like. If the news is bad you sit on your hands and keep mouth shut. Hmm....
These guys were able to create testing kit related web pages and video in a few days, they can't come up with something resembling "this is where we went wrong and this is how we're going to get out of this mess and this is where we're at in that process".
In this instance it doesn't apply to either. In product distribution channels grey market refers to goods licensed or contracted for that end up going to unlicensed reseller. Sometimes a manufacturer will make an extra 5 or 10% in case Quality checkers kick out some. And, sometimes that manufacturer won't need to hand over the overrun, doesn't want to throw away so looks for "grey market" buyer. Used to be illegal, and manufacturer subject to contract failure fines, Supreme Court ruled was okay.
2nd day and no comment or response on their web site. Class act
I listened to this 6 times. It's not immediately clear, but he says he was paid 175k by a third party, (find this VERY hard to believe) does not say what the money was for. Following sentence he says he met with PRED management twice. Does not identify who or what was discussed, for all we know he could have told them he was going to write up something and wanted to interview them, could have talked to PR guy. He also said his wife owned 40,000 to 50,000 shares of PRED @ $2.xx (garbled). The wide spread there makes me a little dubious, after all if you own something don't you know how much?
So distributor received 1st shipment last week? If true that means it has already been sent out to buyers and is being delivered, or been delivered to end users already. Be sweet to have confirmation and news released about it.
Couple things;
Somebody last week posted that employees at distributor were using the tests and very happy with. If true would go a long way to reassure us. I don't see a search function, can't find, anyone else remember, know who posted that?
Sure would be smart for Pred to post reply, docs, on investor page of their site. I emailed them 22 hours ago asking them to address.
So stock goes to gray for a few days, big deal, life goes on and stock will return to OTC then eventually be uplisted. IF THEY PRESENT PROOF OF WHAT THEY SAID THEY COULD DO. If and when they do clear themselves and you are crazy enough to want to sell your shares for a few pennies each let me know, I'll buy a couple million.
Take a deep breath, take your dog for a walk, be cool. S..t happens, so do opportunities. Remember, their principal business has zero to do with Corona test kits and stem cells are regaining cred, that business is likely to take off now.