Predictive Oncology Inc.: Recovery of Investment Losses
Have you suffered losses investing in Predictive Oncology Inc. at the recommendation of your financial advisor? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA lawsuit against your brokerage firm.
What is Predictive Oncology?
According to its website, Predictive Oncology Inc., “a knowledge and science-driven company, applies artificial intelligence (AI) to support the discovery and development of optimal cancer therapies.”
Predictive Oncology Inc.: Performance
POAI reported a decline in sales performance, with revenues dropping from $490,000 in the second quarter of 2023 to $279,000 in the same period of 2024. The company also reported a net loss per share of $0.68 for the second quarter of 2024, which is an improvement from $0.98 in the previous year.
According to Market Watch, POAI shares are down -99.04% in the past five years.
Notice of Stock Delisting
On September 19, 2024, the Company reportedly received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC indicating that the bid price for the Company’s common stock had closed below $1.00 per share for 30 consecutive business days, and that the Company is therefore not in compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market.
Broker Due Diligence
Under the “Regulation best interest” standard, broker-dealers are obligated to perform due diligence when evaluating any investment. If your financial advisor fails to perform due diligence on an investment before recommending it to you, they could be held liable for investment losses.
If your financial advisor unsuitably recommended any investment and you lost money, the securities attorneys at The White Law Group may be able to file a complaint for you. You may be able to recover losses by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
Class Action vs. Individual FINRA Arbitration Lawsuit
You may wonder whether a large class action lawsuit is a better litigation option than an individual FINRA arbitration case. The answer depends on many factors, but typically if the loss sustained is large (say larger than $100,000), an individual arbitration claim is likely a better option. Class actions as a recovery option are more appropriate for grouping large numbers of individuals who have small claims – too small to generally pursue individually.
Free Consultation with a FINRA Attorney
If you have suffered investment losses in Predictive Oncology Inc. you may have recovery options. Please call the securities attorneys at The White Law Group for a free consultation at 1-888-637-5510.
About The White Law Group
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington. The firm represents investors across the country in claims against their brokerage firms.
Last modified: November 8, 2024
