Predictmedix AI Inc C.PMED

Alternate Symbol(s): PMEDF

Predictmedix AI Inc. is a life sciences technology company. The Company, through its subsidiaries, focuses on artificial intelligence (AI) technologies which target two specific areas: workplace health and safety and healthcare. It has developed a technology for the identification and detection of infectious disease symptoms, including COVID-19, referred to as its infectious disease symptom screening solutions (IDSS) and marketed in North America under the name Safe Entry System. It is also developing AI-powered products that address detection of alcohol and/or cannabis impairment in individuals; mental illness screening, and remote patient monitoring and treatment plans, referred to as the Mobile Wellbeing product. It is adding additional modules to this Mobile Wellbeing platform that enable us to use a patient’s history and real-time medical data, such as blood pressure, and to provide patients and their medical professionals with treatment plans for chronic disease management.

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Predictmedix AI Inc > Sold last of my PMED stocks this week for a loss here is why

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Post by Higherhopes2020on Jan 09, 2021 9:35am

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Post# 32260891

Sold last of my PMED stocks this week for a loss here is why

No revenue last quarter and I don’t see there will be any revenue next two quarters.

They have two or three scanners installed but they have not produced not even $100 in revenue. Management keep saying there will be huge revenue in their paid videos. Lots of talk no results.

I have serious doubt about the technology they claim to have.
a) It is nothing but heat sensor camara taking your temperature. I do not see any AI since we have not heard they have deteted any covid cases. Initially they said they can detect covid cases with existing camaras, to date we have not seen the proof of that.
b) they do not have certification from Health Canada. Either they never applied or they applied and got rejected.
c) Hindalco has been testing this technology for more than a year and I do not see any updates on this instead they are doing the same testing at McGill university now.
d) In the last year they have announced tons of initiatives but there is no updates how these things are going. No progress report on any of them.
Pmed might run out cash within 6 months and they have raise cash with a secondary offering at a lower price than it is trading now.
The persons like "oiljack, patience1(I think these two ids are the for the same person) ,jared111 and few others no longer post on this site. They probably sold their stake and moved on to promote other stocks.

These are the some of the reasons, I can go on.