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PO3 - Purifloh Limited

Discussion in 'Stocks I-P' started by System, Jan 7, 2011.

  1. System

    System Administrator

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    Water Resources Group is a water company that owns specific water treatment technologies and rights to ozone generation technology immediately applicable to water treatment. The Company's initial product is its Advanced Seawater Reverse Osmosis ("ASWRO") Desalination Plant incorporating the Company’s breakthrough technology, the Plasma Chemical Reactor (“PCR”) that produces ozone from ambient air for pre-treatment of water in place of chlorine.

    http://www.waterresourcesgroup.com
     
  2. Trebor54

    Trebor54

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    WRG

    anyone know what is happening with this fledgling company...am interested in investing in WRG as it is an environmentally friendly entity but it seems to be in a low ebb...nothing on ASX site to suggest what is happening
     
  3. Trebor54

    Trebor54

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    I know the basics about WRG but just are wondering why given the massive:banghead: water shortage in Aussie it is simply living tepid in the backwater..at $0.002 a share
     
  4. water10

    water10

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    good trebor

    I am Spanish and use a translator, sorry if not well understood.

    I invested in this company a few months ago, due to the great future expectations you have.


    Here you have my forum for any queries.

    this in Spanish, you just have to translate.

    http://invertir-en-agua.foroactivo.com/



    Do not think and invest in this great company
     
  5. System

    System Administrator

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    On May 10th, 2018, Water Resources Group Limited (WRG) changed its name and ASX code to Purifloh Limited (PO3).
     
  6. greggles

    greggles I'll be back!

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    Purifloh has raised $9.6 million through the placement of 4 million shares at $2.40 per share to key cornerstone investor, Upjohn Laboratories LLC of Michigan. Upjohn also acquire 1,271,601 shares through an off market transaction, resulting in a total interest of 5,271,601 shares, or 16.8% of Purifloh.

    Purifloh also announced that it has incorporated a subsidiary in the US to initiate the commercial development opportunities for its Free Radical Generator technology.

    This deal with Upjohn has blown PO3 out of the water. A great result for shareholders and an exciting time for the company. Purifloh was up a huge 334% today to close at $2.17.

    big.chart-PO3.gif
     
    barney likes this.
  7. XRMATE

    XRMATE

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    There's been some good gains recently with this stock (300% + in a day) and I believe there's a lot more to come, they have a fantastic product that can greatly reduce the rate of airborne diseases, Bill Parfet has also joined the board with a 17% stake in the company, this company is going places.
     
  8. Knobby22

    Knobby22 Mmmmmm 2nd breakfast

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    Interesting, bit early for me still.
     
  9. Ann

    Ann

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    Maybe, maybe not XRMATE.

    Let me tell you something that happened to me many, many years ago. One of my relatives was chatting with a workmate and said I did a lot of charting on stockmarket sites. Reasons only known to them, they sent home a little piece of paper outlining a stock and giving me specific dates of entry and exit. In other words this was an instruction on how to run a stock up and when to leave, holding a tidy little profit. (pump and dump).Great you might say, instant millionaire, I have been brought into the circle.

    I think my first reaction was utter shock and anger to actually see it on paper in such an organized way. I said to say 'thank you, but no thank you'. From that moment on I feel white hot with anger when I see what looks like a pump and dump. It is simply organized thievery in my opinion and I hate it with a passion. I always think of the poor guy/girl on the other side of a pump and dump, one who is not in the inner circle. If I was capable of invoking karma, if such a thing exists, I would do so to the Puppet Master who organized and tempted his pawns to give up their integrity.

    Now to this stock. I am not suggesting it is a pump and dump, it looks like one at first glance but it may not be. I have done a very brief glance at this, it is only brief as my concussion is making me feel pretty average today.

    It is 67.46% owned by Dilato Holdings which appears to own the Starfingers Nail Salon in South Australia.
    They have had their problems in the past. 01/04/2014 The securities of Water Resources Group Limited will be suspended from Official Quotation from the announcement of trading today 1 April 2014 following failure to lodge their Full Year Accounts for the period ended 31 December 2013 in accordance with Listing Rules. Security Code: WRG (This was the company's previous name). Never like to see poor compliance in a stock, doesn't fill me with confidence.

    Then there was a stock purchase by a director.... 17/11/2017 Simon Lill 250,000 $0.002 $500 He has done well with a mere $500 investment hasn't he with the recent rise in the stock price?

    Amongst other things they have what appears to me as an air purifyer as a product which they put into a couple of Indian Hospitals to be trialled, one for one month and another for three to four months where they are treating Tuberculosis which they add in their announcement kills more people worldwide than AIDS. (emotive stuff).
    Then there is another announcement about surface water purifiers (not sounding all that interesting, I will leave that for someone else to examine).

    Then we come to their very exciting announcement about partnering up with Upjohn Laboratories LLC - Mr William Parfet 16.798% voting power for 5,271,601 securities. Signing off as a director of Upjohn Laboratories LLC. No doubt that is what may have caused the flurry of excitement amongst those who were within earshot of the news.
    Now I thought I would check out Mr William Parfet who gets to be a director of this exciting new air purifyer company.
    According to a small news article about Mr Parfet ...William Parfet, an heir to the Upjohn Company.....
    .....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.

    https://www.mlive.com/news/grand-rapids/index.ssf/2016/08/upjohn_heir_sued_by_former_emp.html


    I would hate to think I have done any harm to any company or person with all the above information. Fundamantal research is very, very hard for me as I am dyslexic and have just in the last couple of weeks been concussed, which is making it even harder. I would really appreciate those who can do a decent fundamental analysis to please check my facts. This has been a very difficult and onerous task and I may well have got it all wrong.

    This was the chart that made me look twice. I haven't analysed it, I simply put up what I first saw. I am astounded these guys haven't received a speeding ticket yet.

    po3dec2018.png
     
    Darc Knight and Skate like this.
  10. verce

    verce

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    I don't want to be mean or sound rude, but you freely admit that fundamental research is not your strong suit.

    Also, I'm not quite sure what the point you are trying to make is here. Are you implying that PO3 Management is untrustworthy?

    Sorry about the concussion.
     
  11. Ann

    Ann

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    verce, appreciate your commiserations, thank you. Whilst fundamental research may not be my strong suit, I am very, very good at it when I choose to do it. It is up to you to draw your own conclussions as to the trustworthiness or otherwise of management, I am merely presenting the facts as I see them and asking the questions and offering an opinion.

    This company PO3 appears to be majority owned by a South Australian Nail Salon. They may make millions which enables them to run a public company, this is not reflected in PO3's annual reports.

    I feel there is a concern when a fellow by the name of William Parfet who is an heir and great-grandson of Upjohn Co. founder Dr. W.E. Upjohn. (A well known and respected pharmaceutical company, no longer in the hands of its heirs) uses the Upjohn name to buy into a company with a possible suggestion it is potentially the original and respected Upjohn company. Had he bought into the company under the name of Kalamazoo investments, Upjohn Investments or MPI Research, one has to ask, would there have been quite the same excitement at the buy-in of an hum-drum air purifyer business?

    Today the remainder of the company (Upjohn Pharmaceuiticals) is owned by Pfizer. In 1997, Pharmacia & Upjohn sold several brands to Johnson & Johnson, including Motrin and Cortaid. https://en.wikipedia.org/wiki/Pharmacia_&_Upjohn

    William Parfet started a company which may lead anyone reading the ASX notification paperwork to believe it is the original and respected Upjohn company as he is an heir to the original company. However his company was started in 1990.https://www.bloomberg.com/research//stocks/private/snapshot.asp?privcapId=590420040.
    Upjohn Laboratories LLC researches and develops antidepressant and anti-anxiety pharmaceutical products. The company was founded in 1990 and is headquartered in Kalamazoo, Michigan.
    It appears on that Bloomberg link, there are no officers listed against the Company Upjohn LaborotoriesLLC that can be seen. He claims on the Company (PO3) announcement to the ASX stock exchange, William Parfet is the sole owner of Upjohn Laboratories LLC. This is not reflected on the Bloomberg notice as previously mentioned as I can find.


    I guess you didn't take the time to read the link. In 2016 he was being sued for paternity by a former employee, claiming he fathered her two children. At that time he was listed as Parfet, 69, retired in January as chairman, president and chief executive officer of MPI Research, a drug and compound testing company based in Mattawan.

    No mention of Upjohn. In my opinion the use of the name of Upjohn, a well respected name by an Upjohn heir could be seen as mis-leading at best.

    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.

    The woman earlier in 2014 filed legal motions to require Parfet to pay child support, but as of early 2015 he had refused to pay. Attorneys claim paternity tests have showed that Parfet is the father of both children.

    "Defendant Parfet refused to publicly acknowledge their children and he also refused to provide any financial or emotional support," the lawsuit claims.......
    ......Parfet and other Kalamazoo area philanthropists are behind a recent investment plan to eliminate a budget deficit in Kalamazoo and lower the property tax rate.
    https://www.mlive.com/news/grand-rapids/index.ssf/2016/08/upjohn_heir_sued_by_former_emp.html


    Any woman (or decent man) would have to ask, is this a fit and proper person to be a director of an Australian company?

    I find all the above to be really quite a distateful and disturbing situation added to the driving up of a price of a company which appears to be totally unrelated to any sort of genuine valuation of the company, simply by the fact a man, of dubious moral standards, is using a company name similar to a well respected name from the past of a well respected pharmaceutical company now owned by other parties, taking a substantial stake in the PO3 company using the Upjohn name. In my own opinion this appears to be deception by suggestion.

    I would, for my own interest, like to list the name of his lawyers' firm. Bodman PLC Suit 400, 201 South Division Street Ann Arbour US-MI 48104. This by the way is the same listed address of Upjohn Laboratories LLC.










     
  12. verce

    verce

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    I fundamentally disagree that the company name is what is driving the price right now. That's foolish. Nobody cares about the name Upjohn, honestly. It's not about "Upjohn" at all.

    Like it or not, this guy is a certified billionaire and has joined the board of an ASX-listed company. That is why the price is going up. Billionaire with a B. He could have joined any of the 2000+ companies listed on the exchange right now. He chose this one for its unique technology.

    It's not some conspiracy. I recommend reading up on Occam's razor. A Michigan billionaire sees a lot of potential for a product that can provide jobs for Michigan, and potentially improve the world. The companies this guy used to run are not just big. They are like, 'world-domination-cutting-edge-biotechnology', big. For the market cap that PO3 has now, there is clearly some global-scale fundamental intrinsic value to be had by simply holding these shares.

    I've seen dog stocks at 300 million market cap with no prospect of future revenue. PO3 also operates across three verticals - air, water, and medical sterilization. Add Tuberculosis to the list too (which I view as important enough to be distinguished from regular air purification of things like tobacco and pollution, which PO3 also does). This has to at least get to $8 before it's being fairly valued for the current stage of progress.
     
  13. Ann

    Ann

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    verce, this guy could be a Trillionaire with a double TT but he has still shown himself to be a scumbag and I would suggest there is not a reputable public company in the world who would touch this guy with a pair of tongs. Although in this companies' case perhaps they are using some eyebrow tweezers!
     
  14. Ann

    Ann

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    Bugger, verce and chapter didn't respond, I was so hoping he would, the ferkin dipstick! I think my response would have been along the lines of GFY you carn't. Then I would have said...dear Joe, please delete this and whatever may cause you grief. (Am I ladylike? nup!)
     
  15. verce

    verce

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    You sound unhinged.
     
  16. Xendragon

    Xendragon

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    But funny as fcuk. :)
     
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  17. Ann

    Ann

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    Goodness me, doesn't concussion do funny things to you!

    However enough of this frivolity and jocularity.

    A rising PVI (Positive Volume Index) is a way of allerting the day traders that a bit of a pump is happening and to get ready for a rise. Other than that, it has an excellent textbook shape.

    ...and a chart.

    po3stairwaypvi copy.png
     
  18. rnr

    rnr

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    An interesting link below re company valuations.
    Under their heading Access to our research their caution to investors is a must read.

    beerandco.com.au/research/

    Click on "Take a Tour" to view their 4 latest reports on PO3.
     
  19. Ann

    Ann

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    Not to my tastes thanks rnr, they are these people.....
    Beer & Co. Pty Ltd, ACN 158 837 186, is the authorised representative, and owner, of Melbourne Venture Securities Pty Ltd,
    which holds Australian Financial Services Licence No. 224 313.

    Always nice to know who is running it and if there is even the teeniest remotest chance of any self-interest at all...
    Michael Beer
    B.Bus (Acctcy), FCA, AGIA
    Michael trained as a Chartered accountant and Chartered Secretary.

    Here is a pic of Mr Beer standing outside a Tavern, nice touch Mr Beer!
    MRB_pic_13Oct1-2.jpg
     
  20. Ann

    Ann

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    I am really going to enjoy doing this.

    I feel profound sadness for anyone who has been hooked into this steaming piece of refuse and hope any money the investor may lose will enrich them with a greater knowledge of what can be done to a trusting shareholder. You may well be robbed of your entire investment and it will be done quite legally, you will have no rights or comeback to what has just happened to you. Once a company starts to do things like this, they are likely to repeat it. Never trust them again no matter how many name changes or whizz bang new products they may adopt with which to tempt you.

    Last year when they were known as Water Resources Group they did a Consolidation. They Consolidated 200 shares into 1 November 29 2017. Let's do the math....I bought a hypothetical $10,000 worth of shares on the 28 November for .20c holding 50,000 shares. On November 29th after the consolidation I held 250 shares. Today these 250 shares at closing price of $3.70 are worth $925.
    Hypothetically, if I act very fast I might be able to get out of this stock holding enough equity to make it out the door before my parcel becomes unmarketable. Now my new favourite words for Rotting Souls...


    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.
     

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