Predictmedix AI Inc C.PMED

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

[Higherhopes2020]

1. 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. 

2. 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.
3.  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.
4. 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.  

4.  Good luck to you all longs(hope I am wrong).

[patience1]

Sad to see you go higher hopes. I'm still here and long this stock.  Good luck to you!

[badog222]

HigherHopes..... I understand your frustration and your points are well taken.   Fot that reason I only hold a small amount of shares until I see proof that the AI works.   This has gone on for a long time now.   It's always going to be better next month....next quarter.   I have ridden this train before and the end was not pretty.  Now I need proof

[badog222]

Actually,  the promoters are not idiots....so I would not be surprised if the promoters have not been selling also...in order to keep the profits they already made.   They will hold some....but I doubt they will hold it all.   I wouldn't either.  They will deny selling any to try to keep others from selling....but I bet they have. Badog

[ThoseHoldings]

For very similar reasons, I sold as well for a loss mid-december. This was a lesson learned in knowing when to sell a stock and move on. I listened way too much to the people that hyped up this stock hard in the spring of 2020 and onward and should've sold on the hype that brought it above a dollar. Good luck to all still invested/new investors that have come aboard. I just don't trust

[badog222]

Sorry to hear of your experience.   I would not doubt that the ones hyping this stock were the ones selling at the same time.   That is how this works.  Has nothing to do with reality.    There is a big market out there and PMED is not participating except with more free machines to do more studies. If you email the company about revenue expectations....well