OMG
My claims are not wild and my claims are not a few years too early. Furthermore, I was not posting on this board to negotiate with anyone. I have done significant due diligence on PRED and I am bullish because of my own due diligence - some of which I shared on this very message board.
When the stock began trading again on the greys, I accumulated more (adding to my long term position) in the low $0.20's (and told everyone while I was doing so) until the selling dried up and bought more in the low 30's and low 40's - all while others have claimed that the stock was going below $0.10. Well if it's going below $0.10, it has a funny way of getting there as the selling is now drying up in the low $0.40's.
Virtually all development stage companies have significant debt and negative cash flow - no different than the early years of Amazon, Tesla, Uber, and the list goes on and on. (And this is particularly true of development stage biotech companies.) What's important is a company's ability to raise cash as needed. PRED management has clearly demonstrated over and over that this is never a problem for them.
In development stage companies, no one, not even management, often knows the exact timing of developments, the exact timing of deals closing and therefore the exact timing of announcements. What I do know is that with each passing week, the odds go up that very positive developments are coming.
As for Corona Virus - this virus CLEARLY is not going away anytime soon. (Some on this board even wanted to argue that point - LOL). The need for testing is virtually limitless. The demand for high quality (high reliability) anti-body test kits and viral tests is virtually unlimited. And there is every reason to believe that this testing will continue for a very long time to come.
I strongly believe that PRED is extremely well positioned for Corona Virus testing and will generate significant revenues, cash flow and earnings for the second half of THIS YEAR. I believe that the stock price will go up a lot. And I believe that this cash flow will then be used to develop their other assets which have significant potential. This will lead to an even stronger stock price over the longer term.
I am not trying to convince anyone or argue with anyone. Anyone who states that this post has no facts - well too bad. I don't owe that to anonymous posters. I am not your financial advisor and I am not paid to post here. And frankly, the perspective that I just provided is legit.
If you own this stock, you will be very happy in the months to come - and if you don't believe me or don't believe that better times are ahead - then sell.
PERIOD
And now I am going back into hibernation - please don't wake me up! GLTA
