The topic of timing of PRED applying to NASDAQ has already been covered on this board.
The truth is, we don’t really know. Some speculate that PRED applied, knowing they were not quite ready, but getting the process started while they finished getting their ducks in a row. Some investors don’t like this theory, but it is a possibility.
Personally, I think PRED applied to NASDAQ with the intention of getting uplisted rather quickly, before most even noticed what they were doing. The hit piece, coupled with unrelated shorts, derailed that process temporarily.
PRED management had to come up with a new strategy to uplist. I’ve outlined it before, but growing the business, getting financial backing, continuing forming partnerships, presenting at conferences, and launching products will ultimately get us there.
For the moment, PRED has given up on boosting the stock price, although I do believe they have prevented shorts from knocking it down further than $1.50. I think it could’ve gone WAY lower without deep pockets keeping it propped up.
This is all just theoretical, and a matter of opinion. It may not be popular with some, particularly those that are overly emotional, and want to see a higher stock price right now.
Stop and actually think about what PRED management has been putting together over the last two years plus. As Thomas advised us recently, go back and re-read all of the PR’s. As importantly, go back and re-read every single one of the posts by Thomas. He has more than proved his credibility. It’s all in there. This is happening.
It just may not be on your desired timeline.
