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Oh now pphm has not partnered because of multiple partners being interested?
Yes that statement is almost comical. We have multiple partners interested yet the price keeps going down instead of a bidding war between two interested partners. Maybe it is a new thing that each interested partner agrees to manipulate the price as low as possible so that whoever wins they get a lower price. Yeah thats the ticket. All imo.
Cotara also has fast track and is on the shelf. Fast track does not mean success.
No I am not cherry picking. I take the PPHM PPS as it was maximum impacted by the dose switching events which was the event mentioned to pick 1.20$ in stead of 0.60$
Have to get the facts right. The low of the day of the announcement of the botched trial was $0.80. It closed at $1.16. The day before it closed at $5.39. The day after it closed at $1.70. Two years later and we are at $1.41. Yes mgmt has done a brilliant job indeed.
The dose switch (pronounced sabotage) gave it away but stick with your status quo synopsis.
The botched trial was PR'd in late September 2012(after mgmt allegedly pulled out of a conference for personal family reasons) which by the way is past mid 2012. SK stated by mid 2012 we are now past mid 2014 but we are in talks.
8am has come and gone again with which means no Tnewsday once again. There is always tomorrow as we are 5 years and counting from the 2009 newbie catalyst list of a Bavi and/or Cotara partnership. Today should be another buying opportunity as we should all remember how lucky shareholders are that the stock is not at $50 now. Markets still near all time highs while pphm is zeroing in on a 52 week low. Mgmt and the BOD have been doing a brilliant job to this point.
What product? I'm invested in a speculative biotech with NO product...YET.
UM SK stated he hoped to have a product by mid 2012. He is only 2 plus years late with that. Then again he has been in talks since 2003 with Lytle saying huge interest in 2009. Somebody is lying. I guess the BOD and mgmt.'s history and resume kind of give it away. All imo.
Well I bought more hopefully good news in October.
Well according to the 2009 Newbie Catalyst Summary a Bavi and or Cotara partnership could happen any day so you never know.
But with all the indexes down a lot today
Yes all indexes are down but pphm is leading the pack as usual.
PPHM down 4.1%
Nasdaq down 0.5%
Dow down 1.18%
IBB down 1.7%
Markets near all time highs for the year while pphm near 52 week low.
Today's continued moved to the downside comes as the dow is still setting new highs and the ibb is up. Another huge buying opportunity as we are lucky the stock is not $50. Mgmt is brilliant for giving the shareholders the chance to average down at below 2004 prices. Any time now the BAVI and or Cotara catalyst parternship could happen per the 2009 catalyst update. There was also talk by end of 2009 there would be a buyout so they may just be finishing the paperwork. You don't want to miss out. Again Kudos to the brilliant mgmt team and BOD for this opportunity to buy below $1.40. Can't wait till the next ATM sale. Looks like after market news tomorrow? All imo.
Investors must still be digesting the CC. It has taken only a little more than one week once again to drop 10% after mgmt speaks. Lack of credibility in words spoken speaks volumes. All imo.
Finally.... there's been a lot of talk about our COB and his efforts surrounding the success of the company. Hey, now that you think of it, I guess I've never seen a picture of him and Jerry Jones of the Cowboys together. Just sayin' Are they one in the same? The results over the past 15+ years are......
Thanks for the analogy! Yes Jerry Jones is the owner of the Cowboys just as shareholders are the owners of pphm.
Have the Cowboys had the same coaches for the last 15 years or have most of them been fired by the owner because of the results of the last 15 years. The results for pphm have been worse and have there been any firings? No instead they have all been rewarded with pay increases, bonuses and more free options.
Todays move is once again being made with the market now at all time highs and the IBB up again not nice. PPHM now moving towards 52 week low. Thank god mgmt is doing a brilliant job! Remember SK words that pphm tends to flow with the ebb of the market! True honesty. All imo.
Here is a sample of what people see when they research mgmt and its BOD.
Peregrine Pharmaceuticals Inc
Management Efficency
The company has return on total asset (ROA) of (32.91) % which means that it has lost $32.91 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of (77.33) % meaning that it created substantial loss on money invested by shareholders.
That sure tells me that mgmt has been brilliant!
Until we can proof our innocent and show the world we have real science in our hand, we can only suffer in silence and hope that our patience don't run out.
No worries, our esteemed COB Carlton Johnson who has no ties to the BOD but was appointed by our other esteemed BOD member ES who also has no ties to other members of the BOD is on the case. Rumor has it that he stated he will get to the bottom of this. It has been over two years since the tainted trial. Good thing we have a brilliant mgmt team. All imo.
Well it is past 8:03am today without news so that means another day that there is no announcement of a partnership or buyout today. Amazingly some people were stating that a buyout or partnership was coming by the end of calendar year of 2009. Yes mgmt is continuing to bring shareholder value to shareholders and they continue to do a brilliant job. One could only hope pphm will make a move to the $1.50's today. Sadly it was considered a coup if you averaged down at $2.00 in 2009. If one believes that there should be huge buying 5 years later at $1.48. Time will tell.
And don't you wish you had taken my advice to buy shares at 20-40 cents!
Ugh No! Why would I wish that I bought shares at 40 cents before 7-2009? That was before the 1:5 reverse split. If I bought at 40 cents that would equal $2 and I would be down an additional 25% after 5 plus years to boot!
Todays move is being made while IBB and major indexes are all down...nice
Todays move is being made while IBB and major indexes are all up....not nice.
S.King’s 9-9-05 Letter to Shareholders
“As an example, we have seen a significant amount of interest building in the anti-phospholipid therapy program and particularly in Tarvacin over the past year from potential partners as the program has entered into clinical trials.”
WOW! Nine years have past and still nothing. Just goes to show SK's words are meaningless. Now at $1.49. Luckily we haven't hit $50 yet but soon! Looks like Wall Street tuning out mgmt or they haven't seen a copy of the 2009 catalyst yet. I guess Wall Street has read the boy who cried wolf story.
Price on 9/9/2005 was $5.60 which represents about a -70% return over nine years. Nice! All imo.
Yes I stated it was my opinion. The fact remains the original data had to be retracted under mgmt.'s watch. The revised reported data is not as good as what was originally reported. If indeed the trial was purposely tainted then what steps and/or how is mgmt going to prevent it from happening again with greater stakes. If more steps have been taken then why weren't they in place in the first place. Sabotage is a criminal offense. I believe the PR clearly shows the trial data was tainted All imo.
The Fargo sabotage was a huge blow from which all shareholders suffered. But the way management recovered the results and achieved both FDA Phase III approval and Fast Track designation was very commendable.
First of all unless there is a PR or any formal document that states there was sabotage than it is just your opinion as there has yet to be any resolution of the botched/and or tainted trial. Secondly it is great that mgmt was able to recover some of the data but the fact remains that the botched trial was done under their watch and the reconstituted data is not as good as originally reported and is evidence by the fact the share price is at $1.50 compared to over $5 before the "personal family" crisis to remove itself from the conference. To commend mgmt for recovering tainted data done under their watch while also getting payed handsomely in order to recover that data under their watch is a little stretch imo.
The one thing we do agree is that all shareholders did suffer. Unfortunately mgmt did not suffer as much and actually they now own more shares, options etc.. at a lower price at no cost to them. All imo.
Here is the 10 year chart. Notice how much shareholder value has appreciated with the same BOD and mgmt. Pretty sad yet the BOD and mgmt are held in high esteem. I wonder why?
http://www.nasdaq.com/symbol/pphm/stock-chart?intraday=off&timeframe=10y&splits=off&earnings=off&movingaverage=None&lowerstudy=volume&comparison=off&index=&drilldown=off
BTW the 5 year chart since the RS is not much better. I can't imagine many companies, professional teams or even high school teams that would not fire or change the mgmt team with a track record like that and that is not even taking the BOD's history and qualification into effect. All imo.
$1.40's here we come.
No worries it is time to wook it up for another buying opportunity! It could be worse as we could be $50 right now and shareholders would not have the opportunity to buy at these bargain prices. As CK astutely stated Wall Street indeed knows what is actually going on. We are now only .34 cents away from 52 week low. All imo.
People must be excited about the dozens of preclinical trials! Price now at $1.51. More people digesting the CC and realizing nothing near term.
Don't tell me PPHM can't POP like...
AVNR (up $2 + premkt to $9 - $10). Approx. same # O/S and nowhere near the potential of PPHM, imo.
That same pop would take pphm up to about a whopping $2.25
"IN THE DOZENS" is my favorite phrase from the last CC!
Yep more preclinical trials means mgmt,bod, and friends of BOD are assured of collecting paychecks for years and years at shareholders expense.
Hard to believe excitement over preclinical trials and the premise that preclinical trials will lead to partnerships. BAVI was once a preclinical trial and it didn't lead to any partners. Hell BAVI is in a Phase III trial and Cotara is on the shelf after fast track and orphan status yet still no partner. However lets get excited over preclinical trials as our next big thing. Yeah thats the ticket.
Why would oncologist risk rep, malpractice exposure etc. to go with bavi from tiny pphm with their checkered past and botched PII?
Excellent point. So far no credibility for the BOD and mgmt. Their history and track record speak for itself. Carlton Johnson being picked as the COB is still a slap in the face for shareholders. Just shows where ES's priority is imo. Rather than someone who could help the company and have a qualified member he rather protect his free income of money flow. Two years and still waiting for him to get to the bottom of the botched trials Mgmt and the BOD must be laughing their way to the bank. The news of all the preclinical trials just insures they they will be collected salaries bonuses and free options for years to come regardless if patients are dying or if more trials are botched. As usual it is a win win for the BOD and mgmt all at the expense of shareholders and patients. All imo.
Soooooo....the powers that be that tampered with not one, but two, trials...whether it be a huge hedge fund or a BP or whatever the flavor of this week, is can't find this information...
Don't forget that even though the two trials were tampered with and the phase III trial is so important and will be so damaging to BP that there will be no way they would be able to tamper with the third trial.! Oh they will probably try but there will be no way that they can outsmart the planning and expertise of the pphm mgmt and BOD team. That is of course if you believe that theory. Of course there is no way mgmt and pphm were to blame for the two botched trials especially with the expertise and the proven track record of mgmt and the BOD. Yeah that's the ticket. All imo.
So average price target for the three analysts following PPHM = $4.333 Hmmmmm
Compare that with some of our IHub Board analysts who think this will go to ZERO !!!
Umm, compare that with some of the IHUB analysts who say this is worth $8 now and no way mgmt accepts deal less than $20 and we are so lucky we are not $50 now!!!
IMO, I think the market is finally digesting what was said in the recent conference call...
Yep, You are probably right. Looks like nobody is afraid of being left out going into the weekend.
i agree.
getting numbers correct on meaningful documents is a must.
i remember botching just ONE number
Brings back memories of the botched trial. Maybe whoever was doing the labeling for the phase II trial was either taught by pphm and/or learned from pphm how to botch things. Looks like in two years there are no lessons learned. All imo.
These are growing pains and although my tone may be hard on them because I want them to realize we are not just dealing with a detail here, it is a phase they have to go through.
Growing Pains! Please mgmt is getting payed and has been paid huge money over the years. There should be no growing pains for crying out loud. This is not supposed to be a learning experience especially after the last tainted trial!
Yep, more instances which show mgmt still is incapable of managing and overseeing an important trial. Just have to look at the tainted Phase II trial as an example of their oversight. If indeed pphm is indeed being targeted rather than mgmt's ineptitude than it doesn't look good to get through the trial without another tainted incident. If we are not being targeted then it is about time that mgmt is held responsible for the sloppiness. All imo.
IF, nice thoughtful post. thanks!
Why would a company not open up the phone lines for questions after a cc?
In the Ed Legere days the CC would not end until all questions were answered. The calls lasted for honors.
Another point to their honesty - no more questions in the que.
The ones that "failed" then start talking about it that BAVI doesn't work - after all who wants to have their own drug be blamed for any failures.
LOL! So they only talk when it doesn't work but nobody ever talks if the drug works.
Wow another buying opportunity! Who would have thought the price would go down after hearing mgmt speak and the accomplishments for the quarter. Mindboggling indeed!
Big concern is the loss from operations doubled from the previous year to 14 million! At that rate it won't be long for more ATM sales! Shows you how much dilution in one year alone when losses doubled but per share loss only went from 5 cents to 8 cents. So much for dilution creating shareholder value.
I repeat has anyone sent an email to IR or the company asking them about these errors and why they have not been cleaned up?
Perhaps IR emailed shareholders stating the errors were due to family personal reasons. It has happened before. All imo.
your going to compare pphm to the dow (which doesnt reflect our real economy what so ever) the dow is up because they keep printing money). ok next
Our own CEO SK stated that pphm tends to flow with the ebb of the market. Are you saying he doesn't know what he is talking about?
Wow. Another buying opportunity right before mgmt speaks. Might as well wait till the morning and get some in the $1.40's. Thank goodness we are not $50 right now.
blame the co. or person, or persons that messed up the bavi trial back in 2012.........
Uh, seems to me it happen under pphm's watch and there has been no resolution as to what happened so yeah pphm is at fault.