Gaslighting and deflection
PRED has a management team that has overseen a Market Cap cratering from roughly 2 billion USD to 40 million USD. This represents a 98% loss of value.
During these past years a group of individuals with unyielding allegiance to Merle Ferguson have pronounced undying faith in the company and spun all negative occurrences as the fault of outside forces. The only reason the company in their view remains is the salvific nature of this enigmatic Ferguson. All 4 MF run shells go through the same cycles to enrich themselves and no public information exists on any of the individuals. This board seems to put trust in some of these posters with a track record of zero correct predictions.
I will not defend Steve Jennings as his public information isn't much better than MF's, but he is at least engaging publicly and not behind an aliased proxy. PRED also has taken the stance of publicly dealing with Jennings while removing Ferguson.
As for PRED, it was not HB, Thomas, Mackey, Naked Shorts, Competition, RL, Centeno, or any other entity. It has been a failure to execute from the very start. ArtGuide is 8 years in the making without any sales not to speak of their other failed diagnostics. The endeavors into China, antibody tests, uplistings, DDD, and more have all been handled as if by amateurs.
The list of lawsuits continues to grow. Olson and Herbert were removed from the leadership team without announcement. The delistings, failed EUA's, FDA warning letters, and incompetency related to public relations, shareholder advocacy, audits, and more show that the team has no clue how to run a public company.
The investor infighting is embarrassing. The biggest hope was to reach a reputable exchange to allow institutions to collect the lion's share of the company. Failure to execute and preemptive press releases costs us that. While shares remain in the hands of individuals it is a child's game of tug of war.
Those holding out hope for the stock to turnaround are delusional. The company still has potential and hope remains for execution and hopefully a merger or SPAC uplisting. But no phoenix will be rising from the ashes of this stock structure.
