Replies to post #33667 on Predictive Technology Group Inc (PRED)

[brooklyn137]

Great find. They didn't list the price unfortunately.

[High_Profits]

***1 MILLION TESTS *** INITIAL ORDER by WELLGISTICS

http://archive.fast-edgar.com//20200407/AV2Z622CZ22YO2Z2222W22EZHAE5ZZO22R22/

On April 1, 2020 the Predictive Laboratories, Inc., a wholly owned subsidiary of Predictive Technology Group, Inc., entered into an agreement captioned Exclusive Distribution Services Agreement with Wellgistics, LLC.

Under the terms of the agreement (i) Wellgistics will act as Predictive’s exclusive distributor of Assurance AB Test (COVID-19 IgM/IgG Rapid Antibody Test), (ii) Wellgistics is placing an initial purchase order for 1,000,000 tests,

(iii) Wellgistics will receive warrants to purchase 1,500,000 shares of Predictive Technology Group, Inc.’s common stock at $.86 per share, and (iv) Predictive is to supply the 1,000,000 tests to Wellgistics as quickly as possible.











NOTE

The test is for use in clinics, hospitals and test sites (point-of-care) under the Company’s notification with the U.S. Food and Drug Administration (FDA). The Company has filed two applications for Emergency Use Authorization (EUA) with the FDA for point-of-care use and for in-home use. If the FDA approves the EUA for in-home use the Company may make the test available for in-home use. The self-contained test does not require a lab or laboratory equipment for results.

[zhangguangming]

What’s all that talk in there about $0.86 a share ?

It’s trading over a $1

[elkonig]

Thanks for that. Any sign of the PRED purchase order that they signed with the Chinese manufacturer of the testing kits? How can they resell them if they dont even own them in the first place?
Wonder why the pricing has been redacted from that purchase agreement. Guess its on a need to know basis and we don't need to know.

Pretty lame of the management of PRED not to issue an 8K of the supplier contract agreed to between themselves and the Chinese manufacturer.