Minding my P's & 10Q's
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.
Let's see what they do with their next capital raise.
Exciting things to come.
PRED's only products were Press Releases!
Mel Kanar drops ships a commodity product from China. There is nothing smart or unique about that product.
No idea why they would buy 40% of this company. It is worth about $3.. on a good day.
I think the difference is TSLA has products besides press releases...
I hope you are being facetious here as there really is no comparison to be made.
This hasn't been a real company for a very very long time.
It was/is a stock deal with a bit of a company attached.
Eventually people get tired/bored with the stories and it dies a horrible death in the market.
As a company PRED might do something one day, but the stock has been worthless for years.
If you look back over time it was an insider enrichment machine and the most tangible product they had was press releases.
Much like a lottery they were selling dreams and people lapped it up for a time.
I enjoyed shorting this thing and it is always fun when you are right.
This bad boy is a good one
I just keep saying this as my position keeps going up steadily.
Love the products as well.
This is a good one
Just need to get on Reddit
to crush all the terrible shorts, people used to complain about.
PRED is not going up anytime soon.
I check back every so often, amazed at how active this board is. Like whistling past a graveyard.
GLTA
Hempfusion starts trading today.
Can it be the next CWEB?
CBD.U set to List on Jan. 6th
Remember the good ol' days...
When I used to tell people the shares were only worth 50 cents and that you should read the filings?
I bet people really wish we were back there.
Get out while you can, the end game here should be really really obvious at this point.
But maybe some joker will come by to say "All is well"
Time to get out with whatever you can. I don't see the traditional late Q4 into the New Year pump happening this year.
The force is strong in this one. 8 bagger from the IPO price of $0.25. Wish I had bought more shares
Strong Close Today
You guys should buy more while it is on sale...
Look I'm upset i haven't make any money out of PRED since March, it sucks. I used to be able to print cash from this thing ever since Big Sal pumped it up.
I'm waiting for a nice bottom for form then I will go long and make some coin again. But once it gets ahead of itself I will be selling faster than Usain Bolt runs the 100m.
It is quite possible to run an insider/connected enrichment scheme without resorting to doing anything illegal.
It is just that a whole bunch of people not posting on this board make a bunch of money off of the repeat bag-holders that are in love with PRED.
Friday Thoughts
PRED is not all Rainbows & Unicorns - there are some serious issues with this company. If not the price wouldn't collapse after each run.
This makes it fun to trade.
The recent run & collapse has been different than others as there has been limited to no availability of shares to borrow for anyone using IB. The fee rate also stayed incredibly low for most of this, however it is up to 68% on the borrow today.
You should read the filings and not try to explain away the warts on this pig by saying management and Orin Hatch etc.
Every time this goes down it is due to The Shorts, The Freemasons or a Vast Right Wing Conspiracy, never due to fundamentals and the promotion getting ahead of the company.
If you are long this puppy and you don't take profits on the way up you deserve to get your ass handed to you by everyone that even at the current low share price is still making $1.25 selling their 50 cent shares.
What if anything has really happened to increase the potential for positive cash flows from PRED over the past six months. Was this really a $6 or $7 stock in June?
Uplisting to NASDAQ does not immediately make the share price go up, further to those of you that think there is no way for a "scam" company to make it on the NASDAQ you should do a little research on the China Hustle.
There is a different possibility that all of these quality people are trying really hard to make something happen and hit the big win. The problem is they may not be able to do it, however, while they are trying they are damn sure making sure they get paid. Follow the money and see who is winning here.
Read the filings for the love of money!
They were selling there as well.
There are a large number of people holding massive positions in very cheap shares. They sell on the way up they sell on the way down.
Sometimes they even short this from a second trading account.
People on this board should take the time to read all the filings back for a few years.
Company may have turned a corner and could turn out to be the goldmine people on here desperately want it to be, but that doesn't change the fact that this is setup as an insider/connected enrichment machine and those with large blocks at 50 cents and below make money selling into any volume.
I missed this last run completely because I was swing trading it and closed out a position at $1.10. Then there have been no shares to short available through my brokers for a couple of months so I've missed on that side as well.
No skin in the game at the moment but if this keeps getting pummelled I will take a look at the long side in case it bounces.
I think Big Sal is on vacation at the moment
Well the first 4 points are pretty well known at this point
Where are you seeing options on this?
There are also a ton of 50 cent shares out there
If you are buying they are selling.
Will see where this is towards the end of the day. Might be a good entry point for a Monday bounce.
FYI - I don't have a position long or short open atm so I'm quieter than usual.
I'm trying to figure out where this is going and even if I wanted to short right now my broker doesn't have any shares available to borrow.
The lack of shares to borrow is unusual as I can generally see 50-100k shares. Sometimes there are several hundred thousand available but at the moment nada. However the fee rate is only 14% which doesn't imply much demand for shorting.
For the record an uplist does not automatically raise the share price.
I have seen a number of times where the stock goes down after getting on the NASDAQ. This can be due to a number of reasons but often people have been waiting to sell and large holders with a lower average can use the increased liquidity to exit a portion of the position for a better price than if they had been selling when the volume is lower.
Just out of curiosity...
When does one stop being a Newbie? You have north of 80k posts and have been on this board for quite some time.
Or are you posting for a "Friend"?
Even I think that is good news!
I thought it was going to go this time.
Quite disappointing I gave too much credit to the Orrin Hatch appointment and Merle stepping down.
Missed out as I thought we would clear $3 before seeing $2 again.
Hey Anthazar,
I missed this one so I'm at around 80% right on this over time.
I closed out my long at $1.15 on Feb 8th and it never came back to under $1.
I didn't short it this time as I said a while back I think it goes for a while.
I see more likely at $3 before $2 right now but I'm not sure either way so I'm just sitting on the sidelines for now.
I'm not saying anything
www.businesstelegraph.co.uk/new-blood-test-could-detect-90-of-endometriosis-cases-sky-news/
Not yet, I think this goes higher.
Al Gore did that!
I could legally short almost 300k shares right now so I think it is just dis-interest.
I'm out of it right now so I either want it to go back under $1 so I reload or run up over $2 so I think about shorting again.
This stuck in the middle is not much fun.
Volume is amazing today...
almost mid-day and we are at only 10,000 shares.
...and cookies. I love cookies!
Don't you actually mean the recent 10Q?
They lost $2.6m on $10.6m in revenue. The good news is while they lose money on every sale they really make it up on the volume.
This is a company that has raised almost $150m over the years from shareholders. The balance sheet is awash in intangibles and the value is questionable as even if the stuff works the cross ownership and licensing deals will keep much of the revenue away from PRED. The admitted deficit is $40.9m and likely the trade secrets, patents and equity investments are over-valued, so the loss is potentially much greater.
if you pick up an financial analyst textbook and go down the list of red flags, PRED has many of them.
In five years when this is either sub-penny or still languishing as an OTC stock we will know who is right.
I can tell you that company insiders have and will continue to print millions off of their 50 cents shares, and earlier rounds that were even lower.
Anyway GLTA as it is almost time to be buying this again. I made 30+ cents on the dollar for my shares over a few weeks so that makes me pretty happy.
Never been to Utah, but I think this is a Potemkin Village
Time will tell... but when this gets closer to a buck it will be time to buy again. I sell when it stalls out and buy back when it goes down. I will miss the ultimate big move if it happens but I think when this gets over $2 again it is a short unless something real happens.
I disagree... I think they use 5 cards
So much cross ownership and bogus acquisitions to generate news and appearance of growth/substance.
The problem is that this company is an insider enrichment machine.
Sell the runs and buy the dips. There is systematic promotion on this and it doesn't have great fundamentals if you bother to read the filings about who owns what.
I'm not going to do detailed posts again but you might want to read what I was posting last January. I know you true believers think I'm full of it or I just don't understand the opportunity but I really like to trade this puppy.
The float on this could be almost 200m shares.
The number from OTC Markets is from October 2017 and has obviously changed since then.
Yahoo listed the number at 199m. I'm guessing they might be right or the truth is somewhere in between but it definitely is higher than the number on the OTC Markets site.