Don't you actually mean the recent 10Q?
They lost $2.6m on $10.6m in revenue. The good news is while they lose money on every sale they really make it up on the volume.
This is a company that has raised almost $150m over the years from shareholders. The balance sheet is awash in intangibles and the value is questionable as even if the stuff works the cross ownership and licensing deals will keep much of the revenue away from PRED. The admitted deficit is $40.9m and likely the trade secrets, patents and equity investments are over-valued, so the loss is potentially much greater.
if you pick up an financial analyst textbook and go down the list of red flags, PRED has many of them.
In five years when this is either sub-penny or still languishing as an OTC stock we will know who is right.
I can tell you that company insiders have and will continue to print millions off of their 50 cents shares, and earlier rounds that were even lower.
Anyway GLTA as it is almost time to be buying this again. I made 30+ cents on the dollar for my shares over a few weeks so that makes me pretty happy.
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