Predictive Technology Group Inc (PRED)

[Ian345]

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!