Monday, June 08, 2020 10:25:02 AM
I agree that what matters is getting a block of tests into the U.S. and selling them. That will prove once and for all that they really are in the business of selling Assurance AB test kits and that all of the hurdles have been cleared. That will get the ball rolling and then the business will ramp up like a hockey stick very quickly. And once it ramps up, financial issues will be a thing of the past and they will have major capital to ramp up all of the other initiatives of the company.
However, I disagree when you state that they have done a "poor job getting the tests here." I don't know that anyone else could have done a better job. PRED is not in control of factors that are not in their control - politics, China, FDA, etc.
I actually think that they have done a great job of setting up the business. What do I mean? They located one of the best (most reliable) anti-body test kits in the world and locked up a large/exclusive agreement to sell them in the U.S. That is no small feat given that the whole world wants these. PRED then followed through with all of the FDA politics and paperwork. All of this took time, energy, skill and hard work.
So now we will see if they execute. I believe that they are going to. Stay tuned.
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