Minding my P's & 10Q's
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$1.95!
Looks like you were wrong on that prediction and advice to average down.
SCAM - I believe my thoughts are well known.
Also you forgot that this would "NEVER TRADE BELOW $2.00 AGAIN"
Well we just printed $1.95!
Sky isn't falling but it's raining shares
If you read the last two quarterly reports you can back into the size of the potential investment in Juneau. It will get a little complicated due to the cross ownership of Juneau into PRED but basically PRED needs to come up with a ton of cash to fund further purchases that will bring ownership in Juneau up to 40% provided that Juneau doesn't further dilute its own capital structure.
On Sept 30, 2017 PRED owned 11.885% of Juneau through LifeCode
PRED had the option to convert Juneau debt into equity which should have been a further 10% stake per the notes to the F/S in September.
Except when PRED converted the $3,685,308 on the notes (P&I) into Juneau Class A units at $1 each the total holding in Juneau only increased to 17%.
This appears to indicate that Juneau issued additional units during the period to other investors. PRED's stake only increased by 5.115% not the 10% that was disclosed previously by PRED mgmt in the Sept F/S.
Dividing the 3,685,308 units acquired by 5.115% gives us approximately 72 million units for Juneau (granted this will be off slightly as the initial PRED stake was also diluted).
So 17.25m into the 72m is another 23.9% that PRED can buy. Add this up you get to 41% or so but we need to back some out as Juneau actually owns million of shares of PRED. So let's call it 40%.
If you read the notes you will see that PRED can pay $18.975m for this additional piece of Juneau. This puts a value on Juneau of around $80m as they are not going to give PRED a bargain price.
Now this may have real value in the future but PRED has negative cash flow from operations so any payments made will need to be funded from capital transactions. No one will provide straight debt to PRED so the funds will come from share sales or less likely convertible debt.
The going rate for PRED shares on this basis seems to be 50 cents and in any event is certainly $1.00 or less based on all the past shares, warrants and options issued.
Basically this is a long winded way of saying I can't understand why anyone would want to pay the current market price for even 1 share of PRED.
Roll the price back to where it was before Big Sal started the hype over the new Patent and maybe you have an argument but to me I think even that is a stretch.
Patent & License Agreements - YAWN
The item that kicked off all this run with Big Sal's monster $50 target price. According to $PRED's own quarterly financial statements:
License Agreements increased in value by $340k after amortization and Patents actually decreased by $45k after amortization.
This is the real deal folks!
Management is selling new shares plus a warrant for 50 cents to raise enough cash to keep the gravy train running. Did I mention that R&D expenditure was all of $37k in the quarter. SG&A was $1.6m but that did not include getting an audit done.
You have to wonder why volume is less than 100k shares a day in the market. I would have thought this beauty would be flying off the shelves!
The promo started Dec. 26th so your technicals will start to look worse in coming weeks but hang on to the "50-day MA bounce" for today.
VWAP was $2.36 but it appears you can buy all the shares you want of this company for 50 cents.
SALE of products now 2nd HALF of 2018
Subtle change in the going concern disclosure:
In addition, PTG has raised sufficient capital through stock subscriptions to fund its obligations under its licenses and other agreements for the development of molecular diagnostics products under license in Predictive Therapeutics, LLC. It is anticipated that the initial sale of such products will take place in the second half of calendar year 2018.
Previously this was in the first half of 2018.
These guys are awesome at $PRED - always tomorrow, nothing delivered and more shares sales to boot.
Extend and pretend straight out of the stock scam playbook.
Q2 - Lost $1m and burned through a quarter million plus in cash despite selling a whack of stock at 50 cents.
50 Cent Stock Issued
Company is happy to issue tons of 50 cent stock and warrants according to the filings today:
Subscriptions for 7,043,934 shares of common stock at $.50 per share were received and accepted as of December 31, 2017. Each subscription has a corresponding warrant exercisable at $0.50 through August1, 2021.
At least they were not late on the filing.
DILUTION!!! 22.8m NEW SHARES!
Just getting the updated reports for the quarter ended December 31, 2017.
Outstanding shares have increased by 22.8m from the 192.9m disclosed on Jan 31, 2018. Now at 215.7m per the filing today.
Also from today's OTC Disclosure Information
Subscriptions for 7,043,934 shares of common stock at $.50 per share were received and accepted as of December 31, 2017. Each subscription has a corresponding warrant exercisable at $0.50 through August1, 2021.
Likely more fun facts as i read through this schit!
I'm still here - I cover then I sell again.
Stock sets up nicely that way.
Usually after something like this comes dilution.
I for one can't wait to see PRED's financials tomorrow. If they file. I think there is a greater than 50% chance they pull the 'ol late filing trick.
How many shares did they sell in the last quarter and how many 50 cent warrants were issued.
The funny thing is some people are likely paying actually cash for these "cheap" shares and they won't be able to get them away.
Wow! Actual bids today. This might actually go.
I will give you 50 cents that seems to be where insiders can buy.
Game of chicken this morning - no buyers no sellers.
Last day before the December 31st numbers are due.
I can't believe how little they drink in Aspen.
I would have thought it would be way more!
Or you traded 12k shares back and forth with your friends in the last 10 minutes of the day. Market makers don't care.
Myself personally I had a pretty good couple of days with the price action. Maybe you did too. But I don't have to believe that this is a real company doing real things as everything I see tells me it is manipulated scam and most people realize that.
Wow $2.76 you guys rock!
VWAP of $2.35 if you care :)
Oh no! Someone just sold 100 shares for $2.40, that's $18m off the market cap!
You can paint the tape both ways here.
Whoever bought 100 shares at $2.49 - you just increased the market cap by $18m! Awesome job!
Time to push this to $3!
Always remember if you are buying THEY are selling.
Okay now - if you slap the ask often enough I'm sure you can turn this green for the day!
Who is going to step up? Only $2.30 for a sure fire $50 stock.
C'mon this is PRED's year. You can do it!
Sell your bitcoin and max your margin. This is a life changing opportunity!
I'll take that bet on $2.00.
There is a reason bids are dry here. As for holding up on low volume we are down 40% over the past two weeks!
I'd wager people have better things to do with their cash at the moment.
Were you long the S&P today?
$2.45 on Form T - not to be to critical but the price is almost as important as the volume on these.
I will let you do it again tomorrow to see if you can get it right :)
Sorry guys, I was having a beer after closing out a short on the ES.
Just like the massive volume!
Eigentlich Shifty das macht mir Spaß
We all know institutional investors make their investment decisions on the basis of YouTube and iHub boards.
It is only the small retail investors that actually read company filings and conduct research to model companies and determine a valuation.
Hedge Funds just allocate millions on the basis of rumours.
I love how these guys think. If the company insiders do manage to get away a meaningful amount of shares it will not be supportive to the share price.
Where will the marginal bid actually come from? Any analyst who looks at this will call it what it is.
Can you please explain that to me?
I can't digest the word salad here.
You can buy a bunch more here at $2.50
You would be crazy not to.
I'm mean who is selling this puppy?
I thought it was just dumb guys like me that would sell a sure fire $50 stock.
Increase of 4% in shares at DTC last week, plus another 300k unrestricted.
That is a lot for this to absorb and we still have 46.3m to get into DTC as well as Warrants at 50 cents and the 144 shares.
Share Structure from OTC Markets PRED Profile
Market Value1
$538,232,856
a/o Feb 07, 2018
Authorized Shares
900,000,000
a/o Jan 31, 2018
Outstanding Shares
192,915,002
a/o Jan 31, 2018
-Restricted
133,672,194
a/o Jan 31, 2018
-Unrestricted
59,242,808
a/o Jan 31, 2018
Held at DTC
12,915,033
a/o Jan 31, 2018
Float
9,233,856
a/o Oct 10, 2017
Par Value
0.001
Can someone explain...
How we can go up 15-20 cents in the last 15 minutes of trading the last couple of days and then open down the next morning. It is almost like someone is manipulating the price of PRED to go up at the end of the day.
Imagine if someone sold into that and then bought back at the open. It would be almost magical.
BTW - Nice High Close
Painted the tape up to $2.79 with 436 shares at the end of trading.
Then we had 21,000 shares posted at $2.57 on Form T
Today's VWAP was $2.63 so I will give you that one.
'THEY" do not have a patent...
...PRED has a license on Juneau's patent. If you bother to read the disclosure notes Predictive has the right to 50% of the revenue after costs in relation to LESS than 25% of the markets Juneau intends to pursue.
The patent still has to be commercialized etc and it will not be a huge deal. The license includes certain payments by PRED to Juneau in both cash and stock. PRED owns a minority interest in Juneau but Juneau will end up owning PRED as well.
The licensing arrangement references a $25m level of profit and if PRED made $100m on this before costs etc that would be a big deal.
There is a way to do this properly but people would rather think about rainbows and unicorns.
This stock is much more likely to hit sub-penny than pay for your retirement. That is what the people behind this deal have done in the past. No reason a leopard would change its spots now.
Maybe they won't file. Look at ELGL - another Merle/Kaiser winner.
The last filing is from December 28, 2015 when they shared the timely information that a director had resigned for 'health" reasons on October 14, 2014. That is over a year after the fact.
The filing before that was on November 16, 2015 saying that the September quarterly filings would come on November 23, 2015. Investors in ELGL are still waiting for any official financial information to come out as on November 24, 2015 Rich Kaiser issued a Press Release about audited statements and uplisting. Nothing has come out since then.
The same sort of scam could happen with PRED. The CPA firms have been a merry-go-round for these guys and nothing but PR's coming out of it:
First - SALT LAKE CITY, UT--(Marketwired - December 20, 2016) - Predictive Technology Group, Inc. (OTC PINK: PRED), a life sciences technology holding company, announces the Company has retained Stevenson & Company CPAs as its PCAOB auditing firm.
Stevenson & Company CPAs will act as independent auditors as required to become a fully reporting company under US SEC rules.
Upon completion of the audited financial statements and other legal narratives required to become fully reporting, the Company will transmit its registration statement to the US SEC for approval.
Second - On Feb 28, 2017 they issued an 8-K saying that Sadler, Gibb
& Associates, LLC had replaced Stevenson as the CPA firm.
This is all supposedly to get them current and up-listed etc.
We will see what happens but I would not be surprised to see a delay in the issuance of financial information and I don't think an audit will be completed anytime soon as we are now well over 10 years since that last one in 2007 when the Company was called K-9 concepts. It is very difficult to produce anything auditable when you have such a long period to cover.
Agreed the volume is underwhelming...
... also only 5 days of trading left before the late filing notice or better yet the quarterly financials that Rich will pull out of his pocket. I think 3 is the over-under for errors in them in Vegas right now.
$2.60 on the 4th trade of the Day. How did you guys let that happen?
The small float is the only reason this trades as well as it does.
On a NPV basis this thing has minimal value per share.
You can sell hopes and dreams but if you need bids for millions of shares day after day it will get ugly very quickly.
Form T 38,000 at $2.50
For those playing the game at home
Drive this up on low volume all you want.
VWAP is $2.51 right now and there will be 25k+ shares near the low of the day coming in on Form T
Levitated up to $2.60 right now.
Impressive