We were joking about the questionable taste. I‘m all for DD, and I appreciate if you‘ve done extensive research into SVTE. I held that stock in 2021 for a short time. If you have reason to believe they have a future, that’s all good and your call. There‘s a lotto quality to all of this. I was mostly discussing PPCB. Their historical conduct is beyond redemption. Even if they struck a deal and sold all company assets at a premium of 500%, which is highly unlikely, I’d say the dinosaurs among the longs would still be down 99.99999% or something. I traded that stock twice, in both instances successfully, but I only took a brief swing at it and sold within a few days, after a technical rebound. I rarely ever felt more concerned about getting a buy order filled.
Since 2017, they have an accumulated reverse split history of 1 for 125 million (!), and now, they’re worthless again. They‘re also mostly praised by their own associates, they have a history of phony press releases, like one in which they tried to play relevant in the Covid crisis, and their CEO controls all company decisions on his own, turning everyone else into pawns to be ripped off.
There is always a chance in a lotto ticket. I don’t deny that. It might be relevant to study if their toxic lenders stand accused of being unauthorized securities dealers. Considering PPCB‘s fundraising history, an SEC victory over the lenders could turn them into a well-funded company overnight. But, that’s a big gamble. If that happened, I‘d still rather take the money and run. That stock’s been a suicide mission for as long as it‘s existed.
Just my 2 cents. GLTY!
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