Thursday musings
Pred who have a legitimate product, a legitimate manufacturer and a legitimate distribution company have been caught up in a net of bogus covid 19 stocks. 23 stocks this month have been suspended.
Pred will be validated and will provide product to the US public and will generate a lot of money in the coming weeks and months. That’s the good news.
The bad news is a stock suspension is never good and I would assume that the stock goes to grey market after the suspension is lifted and then goes about the process of either going to nasdaq or otc again. That will take time and I have no idea how long that is. I also don’t know if there’s an option for the sec to lift the suspension and we continue to trade where we are. Maybe somebody else could comment on those aspects
So In summary, pred did everything by the book, didn’t embellish any of the PRs and evening the complaint letter doesn’t make sense as it is stating pred said things that when you read the PRs, it’s obviously that they didn’t! They also filed everything with the fda re importing and distributing and have placed all that documentation on their site for everyone to see. They have filed all their clinical data with the FDA and I suspect they will get an EUA as by al accounts the product is excellent. This is some mid level employee being given a brief and just having a one size fits all approach that has screwed a real company and every shareholder.
As for their being a prior investigation, it’s clearly obvious from the documentation that this is not the case and that there was no investigation. This is very much guilty until proven innocent which is the SEC’s go to process. All the while screwing every shareholder while proclaiming they are protecting us! No logic
Unfortunately I have no simple answers here.
