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We were lied to on a grand scale by a group of morally bankrupt scam artists. Greed and selfishness resulted in the ps technology never reaching its promise years ago. King and Swartz are scumbags and they somehow walk around in public with their heads held high. Karma will pay their lives an unwelcome visit...it always does.
I thankfully sold 95% of my shares weeks ago when I heard reports of the CEO joking about finding a buyer for the IP.
When I was about to sell my remaining shares, they decided to dilute more at this armpit share price....literally that day. Lucky me. Another parting gift.
What this dilution at this juncture tells me is that there is no pending business deals in the making. It is a catch 22...companies are reluctant to commit to do business with a outfit with a going concern and management has little ability to remove the going concern.
The last straw for me was their decision to keep the incompetent & grossly overpaid boob know Lytle. I am sure he had a thrill going up his leg knowing he still had a job and was about to fire up the atm.
There are way better opportunities now in this everything bubble. Stocks, Bonds and Real Estate will soon revert to fair value. Physical Gold, Silver and the mining shares will also revert to fair value in the opposite direction. We don't have markets anymore...it is all an orchestrated grand illusion as we wait for the inevitable monetary reset.
AVID will make it someday. I just believe there are way better opportunities in the pm space as they have been brutally suppressed via manipulation that is about to reach its logical conclusion as the rest of the world rolls up the welcome mat to the dollar. The 10 year is collapsing and with 21 trillion of fraudulently created dollars being exposed using government data from Mark Skidmore's analysis that the mainstream media dare not talk about leads me to conclude that is time to play defense and live to fight another day.
Good luck to all. There are tons of good folks on this board.
Classic example of pot meet kettle.
Why not give the new CEO a fair chance before attacking him.
Good grief, the guy inherited a disaster.
Not to worry.
According to conversations with our upstanding CFO at the shareholder meeting, our ex CEO is working diligently on pimping the PS technology for an upcoming bidding war.
King...ring...ring.
Big Pharma XYZ...."Hello"
King..."Ah yes, This is Steven King, ex CEO from a company formerly known as Peregrine"
Big Pharma XYZ...."Who?"
King..."Remember 4 years ago when we met to discuss partnering the Bavi platform? You made fair offers and I told you to go pound sand....well, have I got a deal for you"
Big Pharma XYZ...click
Question:
If the PS IP has a current market value of zero...and an outfit "steals it"...did a crime in fact occur?
What did happen is a group of scumbags sold a tall tale regarding:
Imaging, bird flu, betabodies', tela-tubbies', exosomes' and a partridge in a pair tree to anyone who would bother listening. That should be finally sinking in about now.
If lying was a crime...the previous regime would be facing a firing squad now.
Thank you and drive home safely.
These type of yo-yo's watch stocks like Enron ride down to something approaching zero then finally issue their "strong sell" recommendations.
Anyone with 2 functioning brain cells should lump these type announcements in the same category as the AAA mortgage backed security stamp of approval many years back from these type of clowns.
These firms lost all credibility a long time ago and their "recommendations" are solely for entertainment purposes now.
How about some AVID contract signing announcements to reverse this dismal trend Ronin?
Thanks for the laugh...I almost choked on my meatball sandwich.
Speaking of meatballs....how in the world is Lytle still employed with this outfit?
I have lost a lot of respect for Team Ronin' with this move. He should have been booted 1st day.
I don't get it.
Best post of 2018...
Think of the CaddyShack scene when the snickers bar was discovered in the pool.
Perhaps there is the most covert Biotech deal going on behind the scenes. The logical conclusion leans towards a current absence of interest in this game changing astronomical technology.
The fact that Lais is the diametric from "King of Talk Pawn of Do" regarding his quick follow through of the company name change is a welcomed deviation from the norm. Expect Wall Street to take his statements seriously and react accordingly.
Expect some material business signing announcements shortly.
Show me the money...before the monetary system implodes please.
That would be my trifecta.
How in the world is Lytle still CFO? Shareholder's should be offended.
Perhaps Team Ronin is planning to tar and feather him in the parking lot at the ASM.
All a friend can say is "Ain't It A Shame" as it relates to the sqandered prospects with the PS platform.
We owe a debt of gratitude to Steve, Swartz, Lytle and their henchman for unselfishly fostering the technology.
Here's to a prosperous 2018 Abe!!! I believe AVID will save our bacon shortly now that the parasites are no longer running the show.
Your last sentence of that post is spot on.
Those cards will be face up for all to see shortly.
If there is no obvious interest by say...the end of Feb, what in world is going to magically change potential suitors' perception in March, April or May?
My logic tells me...absolutely nothing.
We will know real real soon if we were lied to on a very grand scale regarding the value of the IP.
Newsflash...the game plan is to separate the company's future endeavors from any potential "drug development"..and the verbiage on the cc suggests they are not going to sit on their hands and just talk about it quarter after quarter. Please don't equate my "disposal" term usage with simply giving it away for zilch before soliciting hopeful bids.
What does the current price and volume action tell you? (That was a soft ball question) It appears that nobody is stepping up and showing real interest. Perhaps that changes.
Odds are we simply own a formerly poorly run MAB production facility. King was a bald faced liar as it relates to his hints regarding what was "about to happen" to shareholders benefit for countless years. He just headed out the door with his tail tucked between his legs.
Some business signing announcements would do wonders for the shareprise and institutional investment. That is the odds on favorite early 2018 news flavor to look forward to. A material monetary deal becomes less likely with each passing day now. There is no game changing data anyone is waiting on. That is sailboat fuel at this juncture. WHERE IS THE IP INTEREST???
Thank you....some bizarre logic being employed no doubt.
The current bidding for the technology is so diametrically opposite from King's astronomical proclamation it is silly. IT SIMPLY DOESN'T COMPUTE FOR MANY. The apparant current bid is closer to Blutarski's GPA unfortunately.
Let's hope that quickly changes...like real quick... if there is any chance of fulfilling the stated goal on the IP disposal date estimate.
It's just a spring clean for the May Queen
Only a couple more lingering leftovers to be escorted off the payroll and we should be good to go.
My understanding of the IP potential suggests leaning towards the "I agree" with you camp. However, the disconnect with what we are experiencing in the share price and volume action doesn't add up in my logical mind. That coupled with the litany of pump we have been fed forever by the previous regime doesn't currently increase my confidence.
Perhaps an outfit steps up and finally places an opening bid. We are at a chump change initial investment range for BP...and it doesn't seem to be occurring. They should be beating our door down now without hesitation, and we aren'the seeing it.
While I understand "these things take time"...doesn't it at least mildly concern you that after it was publicly announced the I/P is on the auction block, we continue to wallow in this armpit share price range and experience tepid daily volume?
It is definitely fish or cut bait time. I hope Lias has some game...for his sake and ours.
I have an idea...how about signing a bunch of new AVID business.
Whoever is in charge of AVID sales / business development should be running around the joint like there shirt tail is on fire.
That is the only way I see this trend turning around.
HH&H has worn out it's welcome with this story line.
Start inking new business...and announcing firings of the old regime.
We will know one way or another shortly.
In the event there is no "monetary" deal for the technology, we will then be able to safely conclude that we were lied to on a very, very grand scale.
King will go down as a huckster and scam artist who will be forever looked upon as a basic combination of a Brian Williams, Pinocchio and Bernie Madoff all rolled into one along with the other "silent partners" who were complicit.
Time's a wasting for some hints of a real deal based on stock volume and share price movement northward for the technology. None whatsoever as of now.
It goes way beyond BAVI just failing the recent trials.
Ahhh yes. Tax loss selling for PPHM shareholders.
That is the one selling "opportunity" afforded us each and every year like clockwork.
ASTRONOMICAL.
Yep...share price going down like a disgraced Cosmonaut currently paints a grim picture.
Someone would be buying hand over fist if any substantive discussions were going on.
Perhaps something changes to the upside in short order. Heck, I would take a large AVID signing and jump for joy at this stage.
Bio...was it stated in the CC that they planed on selling the IP in 60 days? I may have missed that. I did catch the CFO stating they needed to raise $ which basically I equated to more dilution. Those two statements together don't reconcile.
I hope some IP arrangement takes place soon but I am less than optimistic.
Let's hope there is value from the IP that can somehow be leveraged.
I have a hard time believing this isn't any.
+++I will not be surprised if Ronin involved as well
Are you saying that Ronin is going to up and run off down the street with AVID?
That will be quite a trick.
Negative margins on AVID last quarter....how wonderful.
The previous regime left the company a smoldering dumpster fire and now the clean-up crew has arrived.
King and Lytle must depart now. Their presence is repulsive.
Pay closer attention to the share price and volume...which clearly suggests otherwise to the concept there is any real interest currently.
It will become abundantly obvious if and when there is any real interest in partnering the PS technology.
In the meantime, we are all owners of a grossly underperforming bio manufacturing facility...compliment's of the prior scumbags.
Zero good reasons why he is still here.
Completely incompetent. We couldn't do worse with someone else at 50% his salary. Literally.
Good to know.
PPHH can't flourish with the dark cloud of the past corruption / incompetence lingering.
Things are looking up...it is simply amazing the drag these jerks had on the share price and company success.
I am curious to see who goes over the financials this cc.
I hope our laughing hyena of a CFO is absent.
If Team Ronin could orchestrate a partnership for some upfront $, the share price will rocket upward. We should get some clues on this front based on their tone. Expect some real analyst's calling in and asking questions for once.
Good times finally.
Going...Going...Gone.
Stay tuned.
Team Ronin is most likely in the process of milking information from King and Lytle and will dispose of them properly upon completion.
It is a great Day in PPHMVILLE'. More contracts to end and disappearances to follow.
Clean sweep of the old trash.
The dude that was handing over the playbook to his pals just resigned today. (ES)
Shorts beware, no more lolly pop periods handed on a silver platter to crush this stock should occur any more.
Expect the institutions to move in and start accumulating in an orderly fashion now.
Ding Dong the Witch is Dead.
No shareholder of a publicly traded company should have been subjected to all the garbage we had to suck on all these years.
And to think these slime-balls flooded the market with cheap shares recently in a desperate attempt to fend off their well deserved demise.
The morally bankrupt folks running this company finally met their fate.
Yep....laugh it up now Lytle.
Karma is paying a welcome visit to that smug jerk.
Today is a great day for PPHM long shareholders.
It took a crowbar named Ronin and a lot of elbow grease, but the human lampreys' have finally been detached from their host (aka the shareholders)
GOOD RIDDANCE...
Paging Paul Lytle...your presence is requested in the new CEO's office.
+++they are immediately (depending on vesting period) worth more than when he bought since he gets to buy at a discount.
Correct. Kind of like someone asking how many dollars you would like to buy for 85 cents. Not exactly a bold move on Chan's part. The only way the purchase wouldn't make sense is if he believed the share price was going to crater.
Expect a nice claw back suit as a parting gift.
I can't imagine these thief's just riding off quietly into the sunset without a knuckle sandwich being served up by Team Ronin in the form of a suit being filed.
They may want to fly right as there days wind down. Ethics isn'the exactly their strong suit, so I wouldn't put any attempt to screw shareholder's past them.
Perhaps a slogan contest to assist the newly hired PR firm is in order.
2018 will be a redemption year for shareholders after the purge is complete.
Lytle will do the Michael Jackson Moonwalk out of Club PPHM next.
A nice orderly exit will be a good thing.
Thanks for sharing Vin...
That was the best and most understandable explanation of bavi's shortcomings from an independent perspective that I have read.
Happy Friday.