Australian (ASX) Stock Market Forum

PO3 - Purifloh Limited

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Simon Lill is also a Director for MJC, currently this company is having a wee rest and is not trading. XPD which appears to be being poked at to awaken it after a bit of a rest and finally the most fun one so far is De Grey Mining which looks like they are trying to kick it back to life. I will go and put a Wealth Warning on it in a minute. Back in December 2016 there was a 20 to 1 Consolidation for DEG and guess whose name I found....our dear friend from the Mitre Tavern, Mr Beer! What a cosy little group of folk we have here! It's just business folks, nothing to get excited about....worth a chuckle though, not that a 20 to 1 Consolidation is actually a laughing matter for the stockholders but meh, who cares about those pesky folk, you can sort them in no time can't you Mr Lill?

17/10/2016 A$1.26M was raised in an oversubscribed share placement to sophisticated investors of Beer & Co Pty Ltd and DJ Carmichael Pty Limited with a capital raising price of $0.0029 per share with a 1 for 3 attaching option. Existing shareholders will be offered an opportunity to participate in a Share Purchase Plan to raise up to an additional $1.25M under same terms as placement. Funds will be used to continue work at the Company's De Grey Turner River Project. An unmarketable share sale facility will be initiated alongside the proposed SPP. A capital consolidation on a 1 for 20 basis to be voted on by shareholders at the Company's forthcoming AGM.

Let's put a little pic up of Mr Lill, seeing we have Mr. Beer and Parfet in the frame already! :)

simon lill.jpg
 
Ooops flicked to the next page, needs a new Wealth Warning!


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. Better value elsewhere.
 
Looks like a strong bull run is commencing. Potential news catalysts include OEM partners for PO3's patented "Intel Inside" approach and news of the Tuberculosis trial in India due January.
 
Ann said:
Ooops flicked to the next page, needs a new Wealth Warning!


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. Better value elsewhere.
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WEALTH RECOMMENDATION: This stock features unique technology for water treatment, air purification & surface sterilisation! Beer & Co.’s current valuation is $20/share.
 
Hmmm... from page 6 of the Beer & Co Equity Research on PO3:
Disclosure
Directors of Beer & Co or other associate companies may own securities in Purifloh Limited. Beer & Co Pty Ltd seeks to do work with those companies it researches. Investors should be aware that Beer & Co Pty Ltd may have a conflict of interest that could affect the objectivity of this report.

The author of this report owns Purifloh shares in his SMSF.
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Given that disclosure I would urge those following this company to take anything Beer & Co says about PO3 with a huge grain of salt. Talk about a conflict of interest. :rolleyes:
 
greggles said:
Hmmm... from page 6 of the Beer & Co Equity Research on PO3:


Given that disclosure I would urge those following this company to take anything Beer & Co says about PO3 with a huge grain of salt. Talk about a conflict of interest. :rolleyes:
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Hi greggles

Very fair observation. I thought this was the norm for broker reports on nano cap stocks? Happy to be corrected. I don't think it necessarily means that the report is inaccurate.

Here's the most recent report from December.

http://beerandco.com.au/wp-content/uploads/2018/12/Purifloh_2018Dec13.pdf
 
I can't speak to the accuracy of the report, or their valuation of $20 a share, but investors should tread carefully where a stock has gone from 50c to $5 in around 2 months. Looking at a chart, it appears to be running into resistance at $5.25. Possible double top?

I would wait until PO3 has convincingly broken above $5.25 on high volume before getting on board this particular train.

big.chart-PO3.gif
 
" Questions & Answers about Purifloh Projection
What is the Purifloh stock price / share price today?
The Purifloh stock price is 5.120 AUD today.

Will PO3 stock price drop / fall?
Yes. The Purifloh stock price may drop from 5.120 AUD to 5.012 AUD. The change will be -2.1094%.

Will PO3 stock price grow / rise / go up?
No (see above).

Will PO3 stock price crash?
According to our analysis, this can happen.

Will Purifloh stock price hit 10 AUD price in a year?
Not within a year ( see above).

Will Purifloh stock price hit 20 AUD price in a year?
Not within a year ( see above).

Will Purifloh stock price hit 50 AUD price in a year?
Not within a year ( see above).

stock-po3-stock-forecast.png


https://walletinvestor.com/asx-stock-forecast/po3-stock-prediction
 
verce said:


The latest Director to join the Board has big plans for Michigan.
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Thanks for the segue Verce,

This is old news and was back in 2016 after all the bad publicity came out about him which forced him to leave all the boards he was on in US companies. Parfet managed to get a total of $35,157.00 donated for the Foundation for Excellence, no mention of the 70.3 million on the donors list. William Parfet and William Johnston, two billionaires with deep roots in Kalamazoo, originally offered the city a joint donation of $70.3 million to operate the foundation until 2019.
Documents released to MLive/Kalamazoo Gazette through the Freedom of Information Act show the foundation raised $35,157 from 114 donors, as of Nov. 26.

The largest donor is the Kalamazoo Community Foundation, which gave a total of $3,000 from the Robert & Linda Salisbury DA fund and the Hough Family Fund. The nonprofit was contracted to provide administrative services for three years and hand-picked candidates for the Foundation for Excellence’s governing board.

Stryker Vice President Matthew Alves gave $2,000 on Jan. 31, 2017. Eleven donors gave at least $1,000 to the foundation. The average donor gave $311, but around half of the donors gave $100 or less.

Since the foundation was announced, some residents worried about the influence of donations seeping into local governance and business endeavors in Kalamazoo.

https://www.mlive.com/news/kalamazo...tity-of-foundation-for-excellence-donors.html

I am wondering if Parfet has the same big plans for PO3. I am sure he has told them he has. I doubt very much PO3 have seen a penny of his money. It is probably as illusionary as the money for the Foundation of Excellence was in Michigan.
 
Looks like Purifloh is retreating from that $5.25 barrier. It did briefly trade above it yesterday but it ended up finishing the day under $5 at $4.90. PO3 is down again today and is currently trading at its low for the day of $4.86.
 
greggles said:
Looks like Purifloh is retreating from that $5.25 barrier. It did briefly trade above it yesterday but it ended up finishing the day under $5 at $4.90. PO3 is down again today and is currently trading at its low for the day of $4.86.
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Greggles I think the problem with these companies who have done a share consolidation and wiped out their shareholder base, they have no support in selling the company up when they want to pump it. It is up to the few and once they have sold up and out, then there is no selling support. Had they kept their shareholders intact, there would be a mountain of action happening now. But I guess they wanted to entice that Parfet creature with a price that didn't have too many .000s in front of it. I think he will do what he has done to the pretty asian lady, fcuk them over and leave them holding the baby with no dough! :)
 
Peter

Have you noticed the crazy spreads on this stock
Currently 35c!
Volume is very low so very hard to trade technically.
 
verce said:
I've avoided posting here because I don't want to trigger certain personalities.
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Oh go ahead Verce, we have missed you. Twiggs Money Flow Indicator is falling below 0%, I see the price today it is down over 6%. It is clearly in need of some more mouth-to-mouth resuscitation. How are those exciting air purifier trials going over in India? Getting rid of all the TB, Cholera, small pox, measles or what ever the patients were coughing up in the wards?
 
Now I've done it! :p

I don't know what the Twiggs Money Flow Indicator is, to be quite honest. Hopefully the results are positive. Give it a couple of months?
 
verce said:
Now I've done it! :p

I don't know what the Twiggs Money Flow Indicator is, to be quite honest. Hopefully the results are positive. Give it a couple of months?
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Twiggs Money Flow is a technical indicator which shows if anyone is buying in. It has been falling since November 9th last year. You need to crank the handle a bit harder Verce! Perhaps Mr Beer can put out a new you-beaut recommendation report on it. :p
 
Might be worth a revisit
I’d have bought this morning at around 3.85 ish
Will watch and report
 
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