I do have some good connections in certain areas related to PPHM and one is a well informed long time Wall Street investor. He originally had me invest in this company back in the summer of 2012. Well his timing is usually impeccable, but that time it surely wasn't a good move.
He firmly believes this case will be settled on the steps of the court house and PPHM will do just fine. My contact has a team of lawyers surrounding him and knows the case very well. He does feel the case has been a drag on the stock price, while also hampering the perception of PPHM's management. He also believes the AF's of the world have utilized the Sept 2012 debacle to keep a lid on this one. He was smart enough to sell a good piece of his position when it popped to $3.
He told me on Friday evening that he has now increased his position by a substantial amount and that the partnership announcements (yes plural) will be delivered shortly. Feels strongly we will see $5+ upon those deals and double digits by mid-summer. Ultimately he says a buy out is inevitable.
Last point is that several partnerships could have already been done, but valuation and control was the main problem. The reason he thinks things are finally coming together is that current conditions have brought multiple suitors trying to get into the fold.
My comment to him was how is the price so depressed, if we are close to a bidding war? He stated its all manipulated for various reasons and would be happy to discuss everything with me after things come to fruition. He also pointed to the biotech sector being in the toilet.
I know a lot of this information has been stated before, but really felt better about this update because this guy is historically rather mum about deals and only opened up because I've been hounding him for the last few weeks. One of these guys who comes out of the woodwork every so often.
