Australian (ASX) Stock Market Forum

PO3 - Purifloh Limited

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Ann,
Thank You for highlighting the stocks (this one and others recently) that have consolidated.

As a new player, I take onboard a valuable lesson,

Avoid any stock that have ever consolidated!

In all these cases, the outcome is the same, BIG $$ become little $.

Does ASF have a register where we could add companies and board members names where we could do a final check before buying stocks. There is 5 or 6 posts naming some this week which will get hard to keep track of.
 
Austwide said:
Ann,
Thank You for highlighting the stocks (this one and others recently) that have consolidated.

As a new player, I take onboard a valuable lesson,

Avoid any stock that have ever consolidated!

In all these cases, the outcome is the same, BIG $$ become little $.

Does ASF have a register where we could add companies and board members names where we could do a final check before buying stocks. There is 5 or 6 posts naming some this week which will get hard to keep track of.
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Thanks Austwide, there is not one yet but I am currently doing a layout and formula for it at the moment which I will put up at ASF. I want it organized correctly. It is very important that we try to protect ourselves as no-one else is going to do so. Over the next however long I intend to inspect as many stocks as I can. It is reasonably time consuming. I am also looking at keeping an alphabetical data base of director's names and companies who have participated in Consolidations which will be published along with all the other information on the new thread I am planning.


WEALTH WARNING: This stock has been subject to a Consolidation in the past and may at some time in the future cause you to lose all your invested capital. Stock to avoid.
 
Of course not all consolidations lead to loss of capital, but I think in general if a comapny has had a consolidation its a red flag to double check the investement thesis.
I wonder if there is some value in looking for the inverse, businesses that have a had a split, I have a couple in my portfolio that have outperformed significantly afterwards.
 
PO3 is still less than 150m market cap. I've seen dog stocks at 300m market cap with no prospect of future revenue. This has to at least get to $8 before it's being fairly valued for the current stage of progress.

If OEM license deals are announced in the future, or if the tuberculosis results in January 2019 are positive, then $20 is fair. And beyond.

The great thing about this kind of company, being in its infancy, is that it's almost immune to a market recession because there's so much newsflow and progress to come. This will force up the price regardless of the wider economic outlook being negative.
 
The one-month trial to kill Mycobacterium (which causes tuberculosis as well as leprosy) commenced "early December" at the Hyderabad Government General and Chest Hospital in India.

Results expected early to mid January - especially as the board and management have promised to update shareholders on results as they progress. If this device can kill this stuff effectively, watch out.

An earlier iteration of the PO3 tech was able to achieve total kill rates of biological contaminants in the entire room including 99.999% bacteria removal and 99.9999% virus removal within 90 minutes.

"Third Party testing has shown we have a technically superior product to that which is currently available in the market. We are not aware of any other product that comprehensively kills viruses, germs and bacteria, and also removes odors and submicron particulate matter."
 
verce said:
The one-month trial to kill Mycobacterium (which causes tuberculosis as well as leprosy) commenced "early December" at the Hyderabad Government General and Chest Hospital in India.

Results expected early to mid January - especially as the board and management have promised to update shareholders on results as they progress. If this device can kill this stuff effectively, watch out.

An earlier iteration of the PO3 tech was able to achieve total kill rates of biological contaminants in the entire room including 99.999% bacteria removal and 99.9999% virus removal within 90 minutes.

"Third Party testing has shown we have a technically superior product to that which is currently available in the market. We are not aware of any other product that comprehensively kills viruses, germs and bacteria, and also removes odors and submicron particulate matter."
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Yes folks, get ready! I guess they sprayed some Glen 20 onto the filters of their you-beaut air filters.

Anyone wanting to keep their homes clear of Mycobacterium (which causes tuberculosis as well as leprosy) just pop along to the Good Guys they have a sale on at the moment.
Beurer 15m2 Air Purifier with Triple Filter $249
https://www.thegoodguys.com.au/beurer-15m2-air-purifier-with-triple-filter-lr200
air filter.PNG


All jokes aside folks, the volumes have dropped away, there has been a recent slow but positive rise in the price, the Positive Volume Index is showing the punters are still well and truly into this either that or Mr Beer looked up the PVI formula. There is not a doubt in my mind that Mr Beer or whoever is about to start the upward push by selling firmly into the markets. I think he has a target price of around $20. Not sure he will make it but he has a lot of money to play with, pushing the price higher and higher as he sells into the market owing to that Certified Billionaire/certified Bastard (I see he has been lost to the last page, I will do a re-new shortly).
Plus as he is a venture/vulture capitalist he is likely to have a bit of mug-punter money as well he/or someone will be using.
Bottom line folks, short term buying op for active,very short term traders. Longer term folks maybe best to steer clear of this one.

Oh meant to thank Mr Beer for the heads up on the Mitre Tavern. It looks really good, had no idea it was there. I normally lunch at the Charles Dickens just a tiny bit down the road. I will say g'day if you are there when I try it.
 
verce said:
No more posts about BP please Ann. I don't want you to stray into potential defamation.
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Verce, I will make as many posts about William Parfet as I want. First off he is a director of this company, two he has a massive investment in this company which gives him a lot of self interest as to its outcome.....any grounds for defamation yet verce?

He joined MPI Research as co-chairman in November 1995 and served as chairman and chief executive officer from 1999 to 2016. He retired from MPI Research in January 2016.[1][9] He sits on the board of directors of the Stryker Corporation since 1993, Monsanto since June 2000, and Taubman Centers.[1]

On Wednesday August 31, 2016, William U. Parfet unceremoniously resigned from the Stryker Corp. board of directors and the company did not say why.[10] On the same day William Parfet resigned from Monsanto Co.’s board of directors, according to a report filed with the Securities and Exchange Commission.[11]

Activist investors allege Taubman Centers owners violated the company's charter by decreasing the number of its directors to eight after a ninth director, William Parfet, who is facing a sex abuse lawsuit, resigned September 27, 2016.[12][13][14]

https://en.wikipedia.org/wiki/William_U._Parfet

Any grounds for defamation yet verce?


KALAMAZOO, MI -- A well-known Kalamazoo philanthropist and business leader is being sued by a former employee who claims he demanded sex from her and fathered two children with her.

William Parfet, an heir to the Upjohn Company, is named in the lawsuit filed earlier this week in federal court in San Jose, California.

The woman claims sexual harassment, sex discrimination, retaliation and wrongful termination in the lawsuit.

Parfet, 69, retired in January as chairman, president and chief executive officer of MPI Research, a drug and compound testing company based in Mattawan.

Parfet is the great-grandson of Upjohn Co. founder Dr. W.E. Upjohn.

In the lawsuit, the woman claims Parfet began an unwanted sexual relationship with her three years after they met in China in 2005. She was working as a consultant for him.

She claims she was forced into sex acts and that he demanded sex from her. The woman began working full-time for MPI in 2008 and the relationship continued, despite her marriage. They had indiscreet meetings in hotel rooms.

According to the lawsuit, the woman became pregnant in 2008 and the baby was born in 2009. She was fired later that year, then began working again for MPI in 2013

In the meantime, she gave birth to another son in 2012 as she worked as a consultant for another company that sought investment funds from Parfet.

She began working again for MPI in late 2013 and was terminated again in September 2014.
https://www.mlive.com/news/grand-rapids/index.ssf/2016/08/upjohn_heir_sued_by_former_emp.html

Any grounds for defamation yet verse?

william parfet being sued.png

Any grounds for defamation yet verce?

parfet and wife.png

The position in this photo of the two ladies, one being Parfet's wife speaks volumes, not just a trifling verse here and there.
http://www.dbusiness.com/Party-Pictures/ULI-Lifetime-Achievement-Award-Dinner/

IS THIS GROUNDS FOR DEFAMATION YET VERCE?

Want to try threatening me some more verce? Go ahead make my day!
 
Ann, I'm not having a go, truly. Don't make it an obsession. You made your points clearly the first time.
 
verce said:
Ann, I'm not having a go, truly. Don't make it an obsession. You made your points clearly the first time.
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Don't worry verce, I don't get obsessed, it is boring, I like variety. You whetted my appetite and I found a mountain of fun stuff I am going to pile into this little gem but not now, don't want to waste it! I will have patience for the next page along. :happy:
 
Ann said:
Don't worry verce, I don't get obsessed, it is boring, I like variety. You whetted my appetite and I found a mountain of fun stuff I am going to pile into this little gem but not now, don't want to waste it! I will have patience for the next page along. :happy:
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Fair enough Ann! I still hold out hope to persuade you of the strong fundamentals of PO3. The rest of the management are excellent. Maybe you will be a holder yet!
 
verce said:
Fair enough Ann! I still hold out hope to persuade you of the strong fundamentals of PO3. The rest of the management are excellent. Maybe you will be a holder yet!
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Rightio verce, in your dreams. I have yet to do the business on the others, like I care. More fun stuff to do elsewhere, they will keep. Mind you I have checked out where the product is sourced and what else they have. Maybe PO3 would have had a better chance if they had gone with commercial food refrigeration. I can work with that. Fcukin air and water purifiers, geez.
 
Ann said:
Rightio verce, in your dreams. I have yet to do the business on the others, like I care. More fun stuff to do elsewhere, they will keep. Mind you I have checked out where the product is sourced and what else they have. Maybe PO3 would have had a better chance if they had gone with commercial food refrigeration. I can work with that. Fcukin air and water purifiers, geez.
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Have a look at CT1 you may find that interesting.
 
Darc Knight said:
Was it the current Directors who did the Consolidation?
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verce said:
It's my understanding that the majority of management are brand new, or at the very least, new people were brought in to right the ship.
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I doubt Parfet will right the ship! Sink it possibly. Plus he will only be around for a short time, his funds will likely be needed elsewhere before too long, lawyers are very expensive creatures.
Other than Ms Cade all the same crew were there organizing the Consolidation.
PO3 Directors

Name Position Start Date
Mr Steven (Steve) Annear Executive Director 17 Aug 2017
Mr Simon Richard Lill Executive Director, Company Secretary 2 Sep 2013
Mr Steven John Morris Non-Executive Chairman, Non-Executive Director 2 Sep 2013
Ms Lucia Cade Non-Executive Director 24 Apr 2018
Mr William (Bill) Parfet Non-Executive Director 5 Nov 2018
 
This is the person who I think is most likely responsible for organizing the Share Consolidation by the description of him in the PO3 list of Directors. I will watch out for him as a director of other companies. He may be a harbinger of the 'evil' Consolidation.

Simon Lill
Executive Director – Corporate

A lengthy history of capital markets, business development and management of small ASX listed companies, he has recently spent significant time in restructuring and recapitalising ASX listed companies and uniquely placed to understand the challenges ahead for Purifloh.
 
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