I’m going to try to not be too pessimistic. But, some thoughts I have in response to your message:
None of us have any choice but to wait. Nothing to be comfortable about; it’s forced upon us. I would be comfortable if we were experiencing a drop in share price knowing the science, etc. But this, this cannot feel comfortable.
Even if PRED is “exonerated” it feels too late. We will be on the grey sheets and it will be months before any real trading will be possible by most retail owners; based on my reading from those knowledgeable about these markets. By then, there will be many competitors in this space; we won’t be able to make up the list time.
The longer this plays out, the less likely FDA approval looks. It appears that there are forces which are resisting any use of Chinese tech for Covid testing. It seems that Wellgistics made a purchase of a million kits but in exchange for shares in PRED. Was there really an exchange of dollars to PRED?
Major news is always close; but doesn’t seem to materialize.
As an incredibly frustrated long; I admit, the “shorts” won. Everything they said has come to pass.
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