Issf,
Sorry for the delayed reply, but I run my own company, and I'm still working hard during the days, until this thing hits, and I retire. It's why I tend to post in the evenings.
By no means am I any kind of OTC stock expert with expert 'tools' at my disposal. Quite the contrary. Though I've managed to do quite well as a value investor with well established stocks that have been beat up for reason 'x' or 'y', but I believe will make a comeback. I've learned to often do the opposite of what the sheep are doing when it comes to investing.
When I see a panic exit from a stock, I stop and ask why. Is the stock really doomed, or destined to ultimately make a comeback, because investors lacking the ability or discipline to perform due diligence, are overreacting.
If I'm being honest, it's blind luck PRED was suggested to me by someone I very much respect, and knows a lot more than I do. But, I'm smart enough to have done enough due diligence on my own, and used some valuable intel on this board to know this company is the real deal. I believe TL is right. Most of us are here because we are fortunate enough to have had someone point us in the PRED direction. And he's also right, we should give those people a big hug. I plan on doing that very thing when things take off. I also plan on being generous with other people in my life. This investment is nothing short of a miraculous gift.
And I'm quite good at reading people. By no means have I been 100% accurate on these boards, but I'm a very quick study, and I've definitely tracked patterns and learned a lot along the way.
I was told PRED would need the shorts along the way, and this is coming to pass. The shorts are helping to keep the pps low while the institutional investors are gobbling up ridiculously low priced shares in staggering numbers. The investors are beyond fortunate to be getting so many shares at these prices and I assure you they know it.
As I've already stated, I have just under 400,000 shares, and I'm averaging 81 cents/share - that should tell longs how confident I am the pps will ultimately turn and head back up - for real this time.
Many of you are correct. The shorts are in real trouble now. I was told many a month ago the shorts already couldn't cover. I think at least to some degree, Brooklyn is right. They're panicking. They're beating the drum of doom, trying everything in the book to shake shares loose, so they can buy them.
I don't think I've read a single good argument to sell yet. Fake photos? Refusing to meet with the the CEO? PRED doesn't have any good product? The last earnings quarter was down? Mr Robinson purchased an additional 10,000 shares of PRED and that is a bad thing? PRED is out of money and about to go belly up.
I mean come on! If I were a short, I could come up with better sounding arguments than that. Lol.
So, quite a while ago, I exercised my right to 'ignore' the main perpetrators on this board - both shorts, as well as longs pretending to be shorts. And guess what? This board has become a much more peaceful, wonderful experience when I occasionally check in.
I can't remember who posted it earlier today, but someone said there would be no secondary at these prices, and I've been told that as well. And that's very, very important. Someone suggested the shorts are so used to using their set formula (that works by the way), on this kind of scenario, many didn't stop to do their own due diligence, instead making assumptions, this would just play out like past experiences. Oops. It won't.
PRED has money. They have earnings, and they have partners who will very much back them financially if need be.
The smart shorts probably already got out. But the ones in over their head, are coming late to the party, and trying to ride coattails, as they've probably done successfully in the past many a time, are going to be in serious trouble when this turns, and they can't cover.
Management knows they are going to get on NASDAQ. If they weren't positive, they'd withdraw their application, and pursue a different avenue, such as the NYSE.
Has anyone else bothered to research the other companies Hindenburg Research has gone after and what has happened to them? The real companies suffer temprorarily, including their pps, but very much rebound.....and PRED will too.
This is why PRED's management didn't panic, when things unfolded the way they did. It's why they didn't respond to the hit piece. It's why they haven't started jumping through hoops in an out of control fashion trying to appease everyone else who is panicking. They aren't worried. They see the big picture. I'm sure many of you will continue to disagree with this strategy, and that's fine. No need to state your arguments again, or attack me. I'm frustrated as well. I too wish I had more information and could see the entire picture.
But I see enough, to know everything will be okay for us longs - if we can remain patient - if we can trust that management has found an alternate path to the NASDAQ from the original game-plan.
Personally, I can't wait until the first really big PR comes out in 2020, and the panic really begins.
PRED STRONG
