Jeff4iam4, I Agree with your reply, And I'm
also not worried or concerned. I believe PPHM PPS will soon experience an upwards price correction. Also, I never thought or tried to convey that I thought the $0.855 would trigger an automatic conversion.
My purpose posting recently is because I believe some have confused "Conversion" versus "Redemption" of Preferred shares and I was trying to show they were different and that it seems possible some may be considering conversion.
Let's use round numbers, just for this example. Let's say somebody acquired 500,000 Preferred Shares which should be only worth about 4 million common shares, unless the PPS for common dropped to $0.855, where I believe those 500,000 shares could convert for 15 million shares (again, rough round numbers).
You ask why? Well, of course, I don't know, but I'm capable of speculating.
If somebody wanted to buy 15million common shares, what would that do to the PPS?
By converting to a manipulated low, the PPS won't increase, and they might not have to report ownership until end of quarter???
Also, despite many saying there are tons of shares available (from my point of view, that is true at a much higher PPS), the liquidity of the market seems to suggest the possibility that there are not many shares available to trade. too many entities, both retail and pro, holding shares waiting for the next play.
Additionally, maybe someone plans on using those 15million common shares as part of the next trading surge?
Anyways, I don't know, just wondering out loud. It seems many things point to March 10 Shareholder quarter reporting results as when the picture may become clearer.
PoisonPill expires shortly after, 1st lookin?, potential Preferred conversion reporting, ATM reporting, etc., etc....
Another month seems like forever, but on the bright side, I have never known PPHM to have so many good things going at one time! It also seems impossible that over 2 years of very positive PR's could produce only negative PPS net results unless the PPS was being manipulated, potentially to allow future partner to accumulate a sizable interest with the SEC's blessing.
I wonder if ABBVIE truly walked away from negotiations or if they have just been biding their time forcing PR silence due to contract negotiations?
Well, I guess the same could be said for any large BP that was trying to become PPHM's partner, or preparing to buyout whatever shares they could not accumulate for a large sum of money?!!
Thanks for your time and consideration. I can't swear I am correct, but it seems possible. I don't know why somebody might have converted Preferred Shares, but I've given a couple possible scenarios.
Just wondering if there is "Method in Their Madness" in why the PPS has been what appears to be purposely manipulated to this exact price range...
GLTA Stckholders!
