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Anything is possible but atlas I digress. If there is no smoke there is no fire from my vantage point.
That is about where I bought most of my shares. Been nice ride.
Hoping for three hundred SP by next year.
Welcome all to CDMO manufacturing. Lets get some contracts going.
Monetizing IP seems less plausible by the week or perhaps it is not the center of focus for now.
Welcome all to CDMO. We need some capitol. We offer an IP with potential. Please place your BIDS. Thank you in advance.
Overpaid CEO and (unqualified-overpaid) BOD gone. Left behind Avid and IP. Will see what develops from here with new CEO and BOD.
R&D expense and expansion cost for Avid will fall in line now. Need diversified contracts to build out business model pushing forward.
Monetize IP to negate any equity financing.
Hood winked by a den of thieves. Now will see what evolves from here.
SK does not deserve the inflated severance pay for the next six months. He lived high on the hog on SH expense. Fact no opinion.
The gravy train has ended for some but not until they milked it for all it was worth.
Need to diversify customer base to consolidate business model from heavy reliance on couple large contracts.
Sell IP perhaps 500,000 million but that is wishful thinking.
In meantime until more customers are on contract and IP sold. Avid will need more capitol to sustain operations.
Lot of if factors in equation.
The cost was intrinsic in the roll out of the bio reactors it was in all of the Q'S and was adding up no surprises.
Monetizing the IP may bring some value but very speculative.
The numbers don't lie R&D ate our SP up and left SH with AVID in the wake of two Reverse Splits. Not one of my better investments.
I like this view
Or - We can believe that Ronin Capital Management sees a promising CDMO being very poorly managed by 3 cronies, who have been found guilty of stealing from shareholders, and decided enough is enough. So they nominated 6 reputable candidates who can build and sustain shareholder value, while having experts evaluate the real value of the IP. I'll let each of you decide what is believable and what isn't.
It is time to move to a new pure play strategy. Brilliant. Amazing.
Maybe a chisel to.
SP was skirting below one year low lets see what 2018 Q1 shapes up to be.
I suspect the ASM meeting should be eventful when it deliberates.
It is time for the hammer to fall.
Put me on that side of the ledger storm the fort.
Battle of the BODS for a controlling interest stay tuned the beat goes on.
When you step out side and see snow you do not need to touch it to determine if it is real. If your investment has dwindled down to virtually nothing and the valuation is out the door you need to look no further then the management and the BOD. This has been a long blizzard. They failed miserably at your expense while handsomely collecting large sums of money for them selves. But of course this is extremely obvious to all. IMO
Sell IP, monetize it, focus on Avid. Derive some value overtime.
No rocket ship take off but maybe a hot air balloon. IMO
Empirical evidence is based on verifiable observation or experience rather than theory or pure logic with this conclusion in mind, it is very obvious that the BOD does not contribute in any direct or indirect manner to the company in a positive way. The fact that the members of this BOD are here reflect directly on management and consequently reflect in the stock performance. Shareholders we have held them up for years and what have they done for us I ask.
All in my opinion
Feeling for all of the bag holders here. GLTA
Check the cost of running Avid coupled with less revenue from largest two customers. Projection not enough profit through FYI 18 to lift over the top. R& H on Bavi another element of cost. Throw in the excessive BOD & management compensation and you have very little for the investor to consider. IMO
WE pay for those bloated salaries! Worthless BOD. Evidence is overwhelming. Have not added a nickel to stock holder value.
1000% correct!
Snapshot
R & H highly side speculative, reverse splits, insurmountable losses incurred by many on this board with Avid the only prospect for an eventual profit (first time ever when/if happens). Money is dwindling down again though lower rate. Layoffs aside, we have management and BOD with bloated salaries. Will see what Ronin adds to the mix.
GLTA
ugly truth inflated BOD salaries no skin in game.
Let's do the math shall we.
BODS salary over last 10 years VS investors profit.
Which side of the ledger would you like to be on?
Was there any real strategy by management or BOD to enhance investor
growth to pay back the hand that fed them?
I suspect not. IMO
Spot on unfortunately. IMO
Gents
Bought in @2.12 took profits.
and the BOD is singing "those were the days my friend" I thought they would never end.....
Buying in at this level. GL
Train wrecks take time to straighten out let's see what Ronin can do.
The current BOD and management took us so far. We need experience on the BOD and deal makers in management now.
Personally I have been out for some time now due to impending RS plus there will be a sizable haircut after split as is traditional. Of course exceptions do apply depending on news developments. Look to re-establish a position few months after split. GLTA
Indeed we shall see CP.
You bet there is, as the commercial states "What is in your wallet" Well shareholders?
Thanks SK for maximum value.
total forum opinion so strongly against the current BOD + management.
SK has searched and found new board members to maximize our share holder value. I am amazed.
"As we recently noted on our fourth quarter conference call, Peregrine is at the start of a transformative journey, which includes exploring strategic alternatives," said King. "We are focused on enhancing shareholder returns as we capitalize on long-term opportunities available to Avid and pursue the optimal path forward for our drug development franchise. The search for new Board members and a new dedicated leader for Avid mark the first in a series of planned strategic actions that will strengthen the position of Avid as a more independent and potentially as a completely independent entity with a focus on revenue growth and increased profitability. We will also continue to explore the best strategic alternatives for the R&D pipeline in order to maximize value for stockholders."
"12.9 cents/share pre-not-one-but-two-reverse splits."
Thousands of dollars lost by shareholders as a direct result of the callous, gross, negligence by management, not to mention the glutenous, self-serving salaries of the BOD. Reverse splits to foster more equity financing to dilute shareholders into oblivion to keep them in the MONEY to fatten their pockets. Thank God I at least was able to pull away and sell out my position when this dingy started to list.
Perhaps something will come out of this sh*** mess for all of you long suffering Longs. Yes I know this is a speculative stock but at least the captain of the ship could have maneuvered her into much calmer waters because the science has some relevance.
My 2Cents
They were blind sided by RONIN caught speechless with Q & CC
upcoming they cobbled up this obvious strategy gleaned from the PR as a futile response to attempt to demonstrate some semblance of strategy to split the two. This was conjured up last minute in other words. IMO
Updated List — Corporal Punishment Poll For PPHM
If you agree with Ronin's position on current state of Peregrine management, and the potential addition of new board members add your name to the list. Big prize for the winners. Higher stock price.
Copy and paste with your name added. Mods will delete older versions to reduce the number of these posts.
Good luck!
1. Cheynew
2. Stoneroad
3. Hayward
4. Pphmfan
5. Hawkfan1
6. RevMonster
7. Corporal
8. Internet forum user
9. BioBS2012
10. Chevalblamc47
11. El8abin0
12. Wernaaa (& Co)
13. exwannabe
14. Ku
15. Dorf1
16. Mauriziomh
17. Jimsgtx
18. JCNJ
19. ACES UP
20. Veeets
21. Bigbro1
22. The Other Guy
23. Thomas517
24. eastcoastguy
25. Tawrus
26. Joe Six Pack (sulaco)
27. Harry Crum
28. Sliken
29. djohn
30. Along4theride
31. bfiest
32. Cures For Humanity
33. Bobby1151
34. Pergri
35. Roger1
36 Realist1
37. Veradero
38. Franny b
39. denise1970
40. Tutone
41. John R
42. Vancouverbaggie
43. Nelgglen
44. Threes
45. Justmarried
46. Bigwup
47. Stephensrevenge
48. war0001
49. 034runner
50. N3m3sis
51. JB27
52. Loofman
53. CaffeinatedInNC
54. jj1223
55. Mozer
56. El Sid
57. Dr. Rocker
58. Cubflyer1946
59. Volten
60. Copper888
61. itsaboutime
Report TOS
There is no Exosome Deal pending or in the works. Just another carrot to munch on while BOD inflates their wallets.
BTW
One is not negative when pointing out their obvious deceptions.