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Adura is not PPHM
Novartis steps up its efforts in immuno-oncology
Dedicated R&D unit created alongside $750m collaboration with Aduro
http://www.aduro.com/
Check this place out and see who they are checking out.
Its on there sites from Novartis
But you knew this
Its Amanda Rode not Rhode
Do you think that they only know PS or a host of other things?
Dont you think if there was another party coming to the dance the volume would be 5 times what it is?
Wook, it shouldnt be that bad, with this BOD you are used to failure after failure.
In fact show me where they havent had one? Dont say their paychecks
Cotara?
Oncolym?
Bavi?
Sunrise?
3 RS
Amended 10k
Botched trials
90% loss in investment.
Listen to Albert Einstien
The definition of insanity is doing the same thing over and over again and expecting a different result.
*****This is where greed takes over though,*****
Did you not read the amended 10 k?
If thats not greed and their pay checks what is?
Wook I would call and ask again.
I thought I heard what you did but what he said was WE have plans for exsomes.
When I asked him what it meant he said it was stated in their letter.
He then said only believe what we write and not what someone said we told them.
A second call might help your thoughts.
You havent commented on the amended 10k ?
Closer it gets to the BOD being ousted, you will see more trades.
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Peregrine likely responds strong with a much better plan to maximize shareholder value....or a third party joins asap and makes dust of Ronins attempt to sneak in
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I find it very hard they didnt respond to this
Ronin Trading and SW Investment Management Respond to Recent Announcements by Peregrine Pharmaceuticals
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Peregrine Pharmaceuticals Inc. (MM) (NASDAQ:PPHM)
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1 Month : From Jul 2017 to Aug 2017
Click Here for more Peregrine Pharmaceuticals Inc. (MM) Charts.
CHICAGO, Aug. 14, 2017 /PRNewswire/ -- Ronin Trading, LLC and SW Investment Management LLC (together with the other participants in their solicitation, "Ronin"), collectively the second largest stockholder of Peregrine Pharmaceuticals, Inc. ("Peregrine" or the "Company") (NASDAQ:PPHM), with aggregate beneficial ownership of approximately 8.8% of the Company's outstanding shares of common stock, today issued the following statement with respect to Peregrine.
We find it outrageous that Peregrine's Board of Directors and management chose to fire roughly 20% of the Company's employees while doing nothing to address their own unjustifiable and egregious compensation. If the Company needs to reduce costs, the first place it should look is the preposterously high salaries of its own Board and management. We remind stockholders what Institutional Shareholder Services said in its 2016 proxy report on Peregrine:
"WITHHOLD votes are warranted for compensation committee members Carlton M. Johnson Jr., David H. Pohl, and Eric S. Swartz due to continued problematic pay practices and the board's failure to adequately respond to shareholder concerns."
On July 31, 2017, Peregrine's Board announced an intention to increase the size of the Board from four to up to seven members by adding up to three new directors with – unlike themselves – actual pharmaceutical and contract development and manufacturing experience. This was a laughable attempt to appear stockholder-friendly since it would brazenly further entrench the incumbents while allowing them to retain a majority of Board seats. Notably, the Company did not actually expand the size of the Board, presumably because the Board's announcement was purely reactive to our public criticisms and it had not successfully identified additional candidates to serve on its slate. It is no surprise to us that the Board appears to be having difficulty finding highly qualified, ethical people to serve as nominees alongside themselves, given their own questionable backgrounds and records of value destruction. Furthermore, based on the feedback we have received from many stockholders in recent weeks, we believe support for the Board at the 2017 Annual Meeting will be nearly nonexistent, thus making it even more difficult for the Board to find additional qualified nominees. In the event Peregrine proceeds with the expansion of the Board, we will timely nominate additional highly qualified director candidates to ensure that control of the Board does not remain with the incumbents or their hand-picked additions.
We believe a similar problem exists with the Board's ability to identify the right candidate to serve as the President of Avid Bioservices. We doubt whether any qualified candidate would be interested in the position given the current leadership structure of the Company and lack of any strategic plan put forth by the Board. To the extent that a President of Avid is hired prior to the 2017 Annual Meeting, if elected, our director candidates intend to immediately evaluate the appropriateness of the hire.
It is insulting to employees and stockholders alike that management and the Board were responsible for these unfortunate layoffs, but apparently unwilling to sacrifice anything personally. Recent actions by management and the Board further validate our belief that their only concern appears to be their own personal enrichment, which we are confident will soon (and to everyone's relief) be coming to an end. The facts remain clear, and given what we believe is the extraordinarily low likelihood of the incumbent independent Board members being reelected at the 2017 Annual Meeting, we call on Peregrine's independent directors, Carlton M. Johnson Jr., David H. Pohl and Eric S. Swartz, to resign their Board seats immediately. Peregrine can no longer afford to allow Peregrine's current leadership to needlessly destroy more value in a futile attempt to cling to their positions. We are confident that our director nominees are the right people to end Peregrine's culture of leadership unaccountability, and will be able to finally set Peregrine on a path towards value creation.
CERTAIN INFORMATION CONCERNING THE PARTICIPANTS
Ronin Trading, LLC, together with the other participants named herein (collectively, "Ronin"), intends to file a preliminary proxy statement and an accompanying proxy card with the Securities and Exchange Commission ("SEC") to be used to solicit votes for the election of its slate of three highly qualified director nominees at the 2017 annual meeting of stockholders Peregrine Pharmaceuticals, Inc., a Delaware corporation (the "Company").
RONIN STRONGLY ADVISES ALL STOCKHOLDERS OF THE COMPANY TO READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. SUCH PROXY MATERIALS WILL
Pillaging????????????
Did you not read the amended 10k yesterday?
Thats robbing without a gun.
Bernie Madoff would be proud.
You are missing the hundreds of collaborations that need PS.
These deals take time.
On another note, the scumbags left themselves in good shape for when Ronin takes over control of the BOD.
I hope they kept their night jobs because they didnt do anything on the day jobs except collect big checks.
Im sure they wont be hurting.
I just got back from Carlisle and Macungie, two of the biggest car shows in the USA. I know I know its not Paris. No return emails from Peter Parker.
I passed GSK on Rt 29 in Collegeville coming out of my development and I look to the right and low and behold, they are building as they have been for the past 7 years. My guess is to accommodate the people from PPHM after the merger.
I tried to get in to ask a question but the security wouldnt let me past the gates.
I said to them, are you buying PPHM and the security guard just smiled at me with that special look in his eye. You know the same one they give at the ASM.
What a fine day to travel .
3 amigos will be gone soon.
Sean said there were so many collaborations already why would you need him now?
He feels like a bride left at the alter.
I just emailed Sean Parker and he wants nothing to do with this.
I find it hard to believe that people on here would protect the BOD when they took outrageous pay for years and decreased the value of the company 90% in the time they have been there.
I KNOW I KNOW RS are neutral.
Not much longer.
I keep saying that there wont be the payday some expected with the Microsoft of Bios but it will help some recoup some of the loses from 3 reverse splits.
I think Eastcoast is right.
I think they let them save face and get out of town with a little pocket change.
I think that is the reason for the late proxy.
I think they know they are finished and wanted to keep this going but got caught.
There wont be 200 bucks a share and 3 plus forward splits.
NO RESPONSE is very easy to understand.
They blame Ronin for everything except the toilet being clogged in the break room.
So they get mad because Ronins letter is to hard on them.
It hurts their feelings.
Not everyone gets a trophy.
Swartz, Pohl, Johnson Yep good things come and go in THREES
Tell me how 3 RS were a good thing?
Im really not sure that there was any weekly meetings.
I am sure they were only on IHUB.
Why would they spend so much money for travel when they can do it over a computer.
Makes no sense at all.
Its not 1999 its 2017.
Wouldnt that be a waste of SH money?
Oh they dont care, they just turn on the ATM.
Still waiting for the response from the 2 Ronin letters.
I can see them going to someone and saying can you help us out and buy 10% of the company to hold off Ronin.
Sure we will look into your past and see what has been going on.
Run Forrest Run
So you are doing the good cop bad cop theory.
I have already seen this happen earlier this week from another member.
Make it look like you are against current BOD but also dont like Ronin.
So you want a third.
Knowing that PPHM BOD have a shot if the votes are divided by 3 instead of 2
Problem is no one is stepping up to jump in this mess.
I find it funny that you dont think people here see right through this charade.
Look at the number of share holders that say they averaged down after 3 RS and many failed and botched trials.
Same ones that praised how good this BOD was, and pushed their thoughts for SH to vote for them for the fine job they were doing both day and night.
Look into their eyes and give them hard earned cash.
Can you really understand people that keep throwing good money after bad money at this stock and think their fight is right?
If the old car keeps breaking down, dont keep putting parts in it, trade it for something that works.
Dont get attached or sentimental
Soon and imminent will be here in Sept. Thats one puzzle piece you can be sure of.
Now you have a date.
Do you not see I posted this while you were posting.
Its not my fault you lost all your money.
Its very easy to see how far in the hole you are.
Im sure you were waiting for the 200 bucks a share and 3 forward splits
Would you rather have 10 bucks a share ( just throwing a number out) or stick with the current board and go through another RS which will come if Ronin bails?
They have already diluted it 90% for long time holders ( I know all the smart ones averaged down and are now in the green ).
No one trust this BOD.
Do you not find it deafening that they have not answered the accusations put out in the last 2 letters?
Wook, yes he did mention Exsomes. He never said WORTHLESS to me. he said they need to find the value.
They do want to get Avid up to full speed.
They will not take the same pay as current BOD .
They were not in it for a short hall and and do a hit and run.
I did ask about Dart and he couldnt comment.
He did say he has had a lot more calls than expected and he will do the best he can to answer questions.
He didnt come out and give me their complete plan but he did say they have one in place and just didnt pick PPHM out of thin air. They have been watching for a while.
Wasnt Sunrise enough proof?
Please show me where they said either of those two statements or I will just take it as you made them up.
I can show you the one the PPHM BOD said astronomical and they will do everything to prevent RS 2 and 3.
I can show you where Ronin told the BOD they didnt know what they were doing and screwing the shareholders, but never have seen the statement you made up.
Do you think someone should tell Ronin to do their homework on this?
I mean I am sure they just jumped in here blind without checking it out hoping to hit a home run.
I bet an ex employee told them about the astronomical value and they bought in.
I think I am reading this right, You are saying Ronin has impeded this from going astronomical?
I guess they were ready to sign on that dotted line with a big pharm and darn Ronin stepped up and wrote that terrible letter full of lies about the BOD and now its their fault?
You would think if that was the case the BOD would have dissected that letter and had Ronin on a skewer and suing them for a ton of cash for lost revenue and false facts about them?
My answer, my oh my, would be to pick the phone up,call Ronin tomorrow and ask Steve White and get the answer right from him and come back and tell us what exactly he said.
Will you do this and solve a puzzle piece?
I think they dont know where to go with the Exsomes and they are just sitting stagnant.
I think someone is going to come up with something and this will be passed by.
Ronin has a plan, Im sure they are not telling all, but you know they didnt just jump in to stir the pot. They could have bailed in the 5.67 range and made a nice profit and sunk this company, but they didnt.
I think they will have customers for Avid and make it profitable.
I dont see it going to 100 a share in the short term but maybe 18/20 in 2 to 3 years.
Ronin just didnt jump in here without doing their DD.
They have a plan, may not be what some want or hope for here but it will bring some value back to the company.
You saw the court ruling last week and these guys were called out by the judge.
Who in their right minds are NOW going to jump in bed with PPHM?
They didnt before the ruling, would anyone be dumb enough now to?
These are easy puzzle pieces to see.
And if they dont answer right away KEEP TRYING
I do think that the current board showed you how someone doesnt do that .
Only 90% down, not bad.
Reverse wont happen.
UGHHHHHHHHHHHHHH
Now Bio since that was 2014 why are they waiting?
Well its ok someone wants to give us 2.9 Bill for it, Im all in.
I guess the small volume is because no one knows this yet.
How about these gems?
The Chairman of the Board, Carlton Johnson, Jr. has served on the board since 1999 and as Chairman for the last 7 years, where over the past 18 years, he has garnered $2.2M in cash compensation alone. Chairman Johnson was chair of 1 company that went bankrupt and the other company of which he serves as the Chairman trades at a penny a share on the OTC - Patriot Scientific Corporation (OTCPK: OTCPK:PTSC), which has no revenue and essentially no cash. Johnson was also a board member of ECOtality Inc. (OTCMKTS:ECTYQ) until 2012 and the company faced a securities lawsuit for the class period of April 16, 2013 to August 9, 2013. Johnson is also the Chair of the Audit Committee and a member of the compensation and nominating committees. Another board member, David Pohl, is the former CEO of PTSC, who served from 2005-2007 and served as a board member from 2001-2008, where shareholder value creation is arguable. Both Pohl’s and Johnson’s association with PTSC’s poor performance during their tenures are revealing. Eric Swartz, an independent director, and Chairman Johnson were partners at Roswell together. It is noteworthy that there have been no other board members added over the past 13 years.
Were you not the guy that wanted to start a survey on how many times the BOD were called liars, cheats and thieves 2 days and 25 cents ago?
Whats changed?
I agree with that 100%
Thats the reason they want more involved.
I said it from the first time (the boys) posted it.
Truth is Ronin would have had a lot more stake if the BOD didnt turn on the ATM when they figured out what was happening.Ronin may have had 15/20% .
No answer to 2 Ronins letters tells all that anyone needs to know.
Do you think they will up the security at the ASM?