he expects hundreds of SDC-based products to soon hit the market.
And yet, nearly 4 years he's still produced nothing meaningful for the company and particularly nothing for shareholders. Shareholder value .... isn't. Profits ... non-existent. Sales ... meaningless. Hundreds of products ? HA ! Today's traders of over a half million shares must have found out a secret, eh ?
A filing may be imminent.
" ... Pure Bioscience Cuts Indian Distribution Deal
Juha-Pekka Tikka ....... 3/25/09
El Cajon, CA-based Pure Bioscience (NASDAQ:PURE) today said it has found an Indian distributor for its patented antimicrobial agent, silver dihydrogen citrate. Colorado-based Global Endeavor and its subsidiary Pure-Enviro Biotech in New Delhi have approval from Indian authorities to immediately begin marketing an SDC-based hard-surface disinfectant called Enviroguard in India. Pure CEO Michael Krall told Xconomy this Monday he expects hundreds of SDC-based products to soon hit the market. ... "
Ya think El Presidente' is still smiling knowingly ? The following is from the same piece regarding the fantabulous deal with India. The fruits of his labors has meant millions of dollars for insiders and 10's of millions of dollars in losses. No wonder he was smiling knowingly. Just sit around and collect a bloated and unwarranted salary, bonuses, and stock options while producing virtually nothing of value for those funding the largess ..... shareholders.
" ... Pure Bioscience founder and CEO Michael Krall smiled knowingly when he met me recently at the company’s El Cajon, CA, headquarters. “You chose a great time to write this story,” he told me. “We are now starting to enjoy the fruits of our labor. There’s gold in silver, oh yes.” ... "
That quote is from March 2009. Also in that piece is "“This is going to be really exciting,” he says. “In five years we will be a very big company, unless someone acquires us.”". Coming up on four years now. What happened?
History repeats itself over and over til it can't.
Last PIPE available to maintain salaries is
upon Krall without profits. I suspect its has
already passed but depending on the skill
of the PIPER he may get another 6 months
before bankruptcy and/or merger. Only the
dummbest of dumb would buy this stock
on the market when it can be had for a song
All the activity is simply the next PIPER trying to
get short at the highest possible price and cover
with shares priced far lower on the offering. After
the announcement it will be farfar lower. PURE is
or will soon be sued for non payment of
current PAYABLES. ALL IMHO.