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Thursday, December 12, 2019 3:24:23 PM
Their allegation is that this is a pump and dump. But, the people who are involved are already very rich. Sorrentino, Barhorst and the rest are already successful and very well off. So, why would they get involved in a pump and dump? To make a couple of million more? Not likely. A couple of million more to those guys is nothing, and the risk of going to jail is quite something.
Once we understand that, the rest of their argument falls apart pretty quickly. We know this isn't a sure thing. That's why we're here. You get paid to take risk in the markets. But in this case we think the market has misvalued that risk. There is far less risk than is priced in."
I got alerted to a potential pump and dump because the bird man was involved. He was saying put ALL of your money in this stock and you will retire wealthy. Now he says he was wrong and to get out. Okayyyyy.....
Anytime he is involved, i like to find a place to get short the pump.
Then, i sent people to look at the PRED Labs. Typical leased lab space. There was definitely nothing special going on.
Then there is the stem cell issue. Enough said.
Then i saw that management had been involved, but not found guilty, of some shady activity. Really? Not my cup of tea when there are so many other quality situations.
And finally, i looked at the Balance Sheet and saw 1.) How they valued assets on intercompany transfers (Big Red Flag) 2.) They are burning cash (and subsequently paying bills with shares) and are almost dry and 3.) they are paying out the nose for funding and nobody will apparently take a chance with lending to them at market rates.
Then, along comes Thomas. Another Pumper who admitted to getting paid in stock.
All told, there were a lot of red flags and the product portfolio was nothing others hadn't already achieved. I.E. Competition.
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