Sunday, August 23, 2020 11:42:20 AM
https://regenexx.com/blog/fda-warning-letters-predictive-biotech/
Predictive’s Stock Price
Predictive Biotech ( Stock Ticker: PRED ) is a publically traded penny stock. Early last year it was riding high after aggressive stock sales promotions (see below). Predictive was then featured by a short-seller aptly named “Hindenburg Research” This detailed article focused on the past SEC problems experienced by company executives and what the Hindenburg thought was evidence of inside dealing of stock. I would highly encourage you to read the piece as PRED’s stock price has been on a slow decline ever since that time. Then came a suspension of trading in April due to the company marketing COVID-19 tests that were not approved by the FDA. The stock is now trading for only 15% of its former value.
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