11 DAYS SMOKED UP, T-Minus 9 and COUNTING, LOL !
9 BIZ/TRADING days (MAX) will be left end of trading TODAY, with ZERO indication that the shares will go anywhere near $1 buck each, so STICK A FORK IN IT, HELLO REVERSE SPLIT looks like to me. HOLY COW !
Toss out July 4th, as the market will be closed, and I'd guess they might even do the REVERSE SPLIT ON THURSDAY July 6th, and not risk that last day "snafu" possibility, when transmitting documents to FINRA and all the other folks, electronically. So, they may just rip the baindaid off on Thursday for a safety margin seems to me, heck, maybe even a day or two before that, which makes it even less than 9 Biz/Trading days in bad reality-ville.
They're gonna be SMOKING THROUGH ANOTHER DAY AS WE WATCH IN ALL ITS GLORY at SUB 60 CENTS (like the Marlboro man sucking down a box of reds, like he lit um using a megaton nuke), inching one day closer to the REVERSE SPLIT DAY RED-LINE IN THE DIRT.
And it looks to me like today will be another tread water, going nowhere, no catalyst, ROCK SOLID 58 CENTS, "maybe"... 60 CENTS whatever ole "smoke-a-day" GONNER again, LOL !! (that'll make ELEVEN IN A ROW, smoked and gone and they ain't moved the ball an inch, let alone a yard)
July 7th drop dead, really probably July 6th to me, and a July 4th holiday w/ MARKET CLOSED- and a holiday weekend tossed in.
That makes 9 SHORT BIZ/TRADING days in my book (maybe 7 or 8 even really), till REVERSE SPLIT NUMERO THREE in ole PPHM's stellar operating history...
Kinger and the boys probably got the $500 per bottle bubbly on stand-by, ready to pop a cork and then a nice weekend of golf, since the R/S will be on a Thurs or Friday.
Any important Euro-junket trips (oops, I mean "conferences" or brain stunning "talks" on the calendar) lined up that anyone's aware of? I mean, usually when K or the "C" suite boys club speak at those gigs, you can figure on losing 1 or 2 cents in a blink, so they got that goin for um, LOL !
I'VE LOST MY PUZZLE PIECES AND I CAN'T GET UP, LOL !!
Oh, and Ronin, they're just a hedge fund/HFT "trading" firm basically. They're gonna make their bank one way or another IMO. My personal guess- is they somehow move ATM shares for ole PPHM and the boys, and make a guarantee on um, or hedge um, or some other odd-ball way where they get a guaranteed fixed return on their money. That's all I see there- I don't think they're "long" PPHM, or give a rat's behind about the company or what it does, just traders "doing what they do", is all I see. Probably part of the decline of the company's shares, more than any long term increase. But who knows- all hedge/trading firms like Ronin are secret and non transparent, so no one will crack their nut, to see what it is they're really doing. I don't think they change the REVERSE SPLIT equation one iota, other than they may actually benefit from it, for all one knows, as liquidity will dry up, ATM sales will be easier and on-going, and the bad record will have the needle still stuck in that groove, playing that same old bad tune, with Kinger and the boys and the fat-cat BOD singing out of key, while getting wealthier by the day, NO SKIN IN THE GAME, NOTHING TO LOSE.
