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RE "Chemo has been a disaster. It doesn't mix well with patients and it doesn't mix well with Bavi. "
Wow, PPHM should have added you to the payroll !
They've spend about 10 years or more and countless dilution on Bavi + Chemos. Phase I, II, III, none of which had any results worthy of interesting much investor interest.
I guess their grand plan was to waste all that time/money/lives/destroy shareholder value so they'd be validated in moving into I/O instead?
Wow, what a plan!
RE " he brought to Phase III. "
Newsflash, there is NO phase III.
Maybe in another few years and another few hundred million shares and another reverse split.
RE "Sell to anybody willing to pay $1.50 and do it now. Perhaps Dart will force sale for parts. "
The market will price the value of the sum of the parts in a few hours, and it will not be $1.50.
RE "You are a great numbers guy ,Lets assume we have 10- 20 million shares short ,will this help to maintain a greater price?"
No.
While it's true that shorts can be a source of future buying, that's not the case for "broken" stocks. Make no mistake, PPHM is broken.
Look at the supply/demand dynamics:
Sellers for the bad news....
What if PPHM gets booted from the Russell? Index funds then sell.
More selling on selling. Then the ATM, more selling. Shorts pile onto the weak stock - more selling. There's truly no telling how low it can go. Is there truly anyone left on Wall Street that hasn't heard over the years what a joke of a company this is that's left to be a buyer?
Let's not forget a very possible reverse split - more selling.
And the lower it goes, the more shares need be sold to raise the same dollars. It's called dilution into oblivion.
It's been mentioned before.
What will this management team come up with to try and salvage some shareholder value? My guess is the same as always - nothing but a thank you for giving them your CASH.
RE "What we learned today is....."
That there will be MORE devastating dilution at a far smaller price than before.
That the potential "finish line" for success has been (yet again) pushed out many MORE years.
That no matter how low your expectations for PPHM, they will be far too high.
That long term investors have ZERO chance of ever getting even.
RE " but the SP already reflected this IMO."
You're in for a surprise tomorrow!
And no Avid is not worth anything close to $1. try 15-20 cent's - maybe - but we have no clue if it actually can earn anything in real bottom line profits.
RE "pray that Peregrine sees the importance in moving this molecule into the hands of a major player if they still believe in the prospect of it one day actually having a chance to help those with cancer"
True today, yesterday, last week, last month, last year AND last decade.
These Bozos are only good at 1 thing - destroying shareholder value via endless and fruitless dilution.
RE "we are the proud owners of Avid Pharmaceuticals. If Peregrine has the good sense to lay off the rest of the company"
LOL - betcha they don't.
RE " Bavi for whatever we can get for it. Maybe the equivalent of $2 a share."
Dream on! Current value of Bavi after phase III failure = ZERO.
Value of cash to be consumed = zero.
Avid, maybe 15-20 cents.
You'll see tomorrow.........
RE "hat about all the bavi with radioactive isotopes showing such good cancer imagery"
Here's the problem. The clown at PPHM don't know how to monetize ANYTHING.
How many times does that need to be proven. It's just dilute and experiment. Wash, rinse, repeat.
Even worse news?
Reverse split is in the future (AGAIN) and that just causes more selling.
RE "we should do 5m+ tomorrow."
Realists realistic guess on volume tomorrow.
Add a zero.
closer to 50 million shares........
RE "Do they sell off Bavi for pennies"
Doubtful.
Put it on the shelf and get nothing for it like everything else they've ever done.
BTW, Avid isn't saving the company. Remember much of Avid was just producing Bavi. All that dilution for more Avid now a total waste of cash like everything else these idiots dilute for.
To all the conspiracy theorists...
If some big pharma wanted to sabotage Bavi trial(s), they wouldn't be the only BP to know about Bavi, which means other BP's would be thrilled to buy it cheap. BUT that never happens. That speaks clearly about how other BP's value Bavi. In other words, they don't see it having value.
How many trials has Bavi had now?
NONE of them good enough to get BB/BP interested in putting actual cash into it. Let's not even get started on how bad of an image it has with the investment community.
No magic tea leaves need to be read here.
RE "How many employees will bail by tomorrow?"
If the company has ANY sense for cash management (doubtful) they will lay off a majority of employees as they are no longer needed and only add to the need for cash burn and dilution!
Besides, the employees were added to set up the company to commercialize BAvi - newsflash - that ain't happening.
Game, set, and match.
RE "This is why you partner in phi or PHii, scmucks"
Again...........as I've been saying..........
I had posted previously about the unlikelyhood of Sunrise passing 1st look-in.
40 cents tomorrow?
That's 8 cent's pre-reverse.
Another buying op?
Or SunSET......
RE "If Sunrise has bad news, we're done. The stock will plummet and there will be a reverse split."
There could be an "AGAIN" added to the end of that sentence.
PPHM already did plummet and reverse split.
On another note, did I miss the full enrollment PR in my absence?
RE "I will stand with you in 24 months if nothing comes out of this product and company by then"
Got it, only 2 more years of price per share destruction before something good happens.
Here's what would be infinitely more valuable than talk about science potential:
How many shares outstanding by then?
How low the price per share over the next 2 years?
RE "Peregrine is front and center in a very disruptive technology"
strange how all this supposedly great science has brought in nothing but massive losses with no end in sight - thus the ongoing dilution and BOD asking last year for more shares authorized!
Again we're talking about a mind boggling and unique situation.
The market always gives a huge premium to companies that have massive growth drivers. All the short selling and manipulation (not that there is any) in the world wouldn't be able to stop the share price rocket created by investors jumping on board. Obviously NOT happening.
Been reading for YEARS lines exactly like yours. NEVER comes to fruition.
The dates change, the lines don't, just the share price - DOWN, - oh, and the number of shares - up.
This company is nothing but a net effect of a wealth transfer vehicle.
From shareholders to management/BOD/employees. It's worked very well for a very long time. I'm shocked there are not more class actions against it.
RE "I always laugh when I'm driving around the facilities and I think of the tools here that say BK is not far off. That couldn't be further from the truth. All I see is a growing company that is building something big. This isn't a shell game! Lots of people employed and seem to be doing something or other. "
Recommend you read the cash flow statement and the income statement.
RE "there are multiple positive and powerful trajectories ongoing concurrently, each one of which can be a game changer for this company and the stock. All odds are that one or more positive events drive a seismic shift upwards in value and appreciation of potential - and much sooner than the multi-year time window you recite. "
If I had a nickle for every time I read something like that, I'd be a rich man. However the reality has been that every statement like that has proven to be 100% wrong. Statements like that have been made for years.
Nothing to show but a lower stock price and more and more shares.
Management gets rich, shareholders get poor.
RE "those shorts aren't getting my shares when they need to cover"
No worries, they don't need your shares.
There's a nearly endless well of freshly printed shares provided by PPHM themselves.
They are very successful at creating shareholder value for the shorts!
RE "They are on to the next best thing with the new trial"
That's what I expect too.
Sunrise vanishes, and it's all RAH RAH RAH for the next trial.
Wait another couple years.........
Dilute another couple hundred million shares....(pre-reverse BILLION)
Management gets rich........
Shareholder value further destroyed........
(not much left to destroy for long term shareholders anyway).
Lather, rinse, repeat - just like too many times to remember.......
21 more days of a close below $1 and PPHM will earn a deficiency notice from NASDAQ. The 21st day would be 3-11-16 (FRI) so probably a PR on Monday 3-14-16.
What's PPHM management doing about it?
Collecting fat paychecks and possibly running the ATM (dilution machine).
Oh, and sticking with the same long term failed plan.
RE "Bavi approval "
Now you're looking at 2018 MINIMUM.
PPHM could be selling hundreds of millions of shares at $.10 between now and then. Astronomical value could become $1. Congrats.
RE "full vision won't avail itself for at least another year"
Investors need to think what happens between now and then.
It's been happening. You been watching?
40 cents wouldn't surprise me one bit.
PPHM selling ATM ALL THE WAY DOWN wouldn't surprise me one bit.
RE " All I can do now is keep loading up"
Ya might wanna wait for 40 pennies.
Perhaps the jokers running this company are waiting for the NASDAQ deficiency letter to be their next PR.
BTW, THAT is required to be PR'd!
17 cents pre-split.
Would anyone have believed back in the 2006-2008 days that PPHM would be diluting at these levels?
Some of us understand that there is NO price too low for PPHM to dilute.
ZERO regard for shareholders.
Remember, no matter how low your expectations for PPHM, they will be too high.
RE "People keep buying because the pps is so cheap and most believe pphm will eventually do well."
Read something just like that in
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016.
Bet I'll read it in 2017 too.
RE "$2 million to NCCN tells the real story here: "
You're right. It does tell the story.
The story is quite clear that year after year PPHM finds places to toss cash that accomplishes absolutely nothing for creating shareholder value.
It's been happening for YEARS, please research the PPHM investor PR's for the last ~10-12 years. You'll find a VERY long list.
re "PPHM to drive to real value through completion of trials and delivery of factual and indisputable results."
Only 1 problem with that.
PPHM needs CASH.
They choose to get that cash via dilution rather than deals.
Dilution at 85 cents requires DOUBLE the shares that $1.70 would.
42.5 cents requires quadruple the shares that $1.70 would.
21.25 cents requires 8 TIMES the shares that $1.70 would.
All to raise the same amount of cash.
You're looking at the problem in one dimension.
value of PPHM (market cap)
I'm looking at the problem in 2 dimensions. Market cap AND more importantly price per share because that's all that matters to an investor, and PPHM over time has almost destroyed any potential return for their long term shareholders already. More years and more hundreds of millions of shares of dilution will INSURE the destruction of SHAREHOLDER value for long term investors.
Every penny of stock price decline now brings PPHM closer to death spiral dilution.
This isn't the Bavi is great board, it's the stock symbol PPHM board.
BIG difference.
RE "If KO Coca Cola does 4.4 Billion shares"
LOL - you're comparing KO to PPHM?!?!?
There's absolutely NOTHING in common with those 2 stocks.
RE "We will fill that gap back to $5.40 and never look back .."
Wrong. DOUBLE the shares now.
Old $5.40 equals $2.70.
RE "just a few more Bavi label expansion data to work on first... almost complete"
Almost? The trial hasn't even started yet!
Will be at least a YEAR away!
RE "PS Targeting will require 2-4 Billion shares"
4 billion shares would mean you've LOST over 90% of your stake in Bavi from current share levels and probably 98% of your stake in Bavi from ~10 years ago. (don't forget the convertable preferred).
100 million was plenty anyway.
If Bavi can ever earn the fantasy of $10 billion market cap, divide by outstanding shares and there's the PPS. There's no number of "required" shares.
RE "PR only the bare minimum "
What happened to the Melanoma trial????
Read all kind of things how that would be PPHM's savior.
Apparently just another non-event swept under the rug.
RE "The company is in the best position it's ever been"
And the stock is at 52 week lows.
Hello! DISCONNECT - NEXT!
Disconnects are always red flags.
RE " puzzle pieces "
I've been reading about "puzzle pieces" for about 10 years, probably longer.
Never, ever, ever over that entire time added up to anything at all but countless disappointments, failures, dilution, losses and massive destruction of shareholder value. That's the facts.
"Soon" and "near" are always in the 2 year to infinity time range.
Nothing has ever changed.
RE "PPHM is not doing their jobs"
How many new employees has PPHM hired that they do not need?
These employees are there for what? To make it appear that PPHM will try and go without a partner? How many millions of shares of dilution have occurred to pay these people that aren't even needed?
It's sick.
They think it puts them in a stronger negotiating position?
How about if Bavi is what some claim, that would be more than enough negotiating power! As ALWAYS, when you use a little logic nothing with this company adds up?
Bavi is great, any BP would want it, so no additional negotiating power needed but they hire a ton of people?
They said they want to partner, but they've hired a ridiculous amount of new employees?
It's all complete nonsense.
Wasted time, wasted money, wasted shares issued, and as always massive destruction of shareholder value through unending dilution.
RE "you don't understand biotech phases and stock prices. "
Really? Here's what I understand.
The stock price of a biotech GOES UP as the investment community gains confidence that it is getting closer to success/approval with a drug candidate. PPHM has PROVED every step of the way to be EXACTLY the opposite of this as they have destroyed shareholder value (FACT) from endless dilution, shareholder unfriendly attitude, multiple failures, delays, etc etc.
RE " it is manipulated in reverse fashion."
You really expect anyone to be foolish enough to think that PPHM is the ONLY biotech stock in the market that has something great and the stock goes DOWN instead of up? Fugetaboutit.
RE "near"
Let me guess.....coming months? LOL
coming years? No biggie, just another phase II or III and endless dilution and maybe in a few more years something good enough will happen to get long term shareholders back half-way to break even? Exciting times!
How many more hundreds of millions of shares of price potential destroying dilution and how many more reverse splits before "near" is here?