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Sure...
1.King won't even dare mention it now after he stated that in a prepared remark "partnership in the coming year". Remember how that interpretation was kicked around here to ad nauseum. I'll bet investors either bought or held on based on that prepared remark.
2. To somehow assume a partnership is in the works runs counterintuitive to selling shares at 30 pennies. It is simply pie in the sky wishful thinking. The share price and volume would be screaming higher or even approaching something closer to fair valuation. Leaks almost always are evident in the event a maturing partnership discussion was occurring.
3. To believe that a real partnership discussion is occurring under the radar is extremely remote as we quickly approach yet another reverse split on this squads watch. 95% share price reduction, two reverse splits, everyone keeps their jobs, more bonuses...and no change in trial philosophy. Their limp along strategy has been a proven failure.
If they really cared about seriously advancing the platform, they wouldn't be slow playing it. The window is closing fast if they want Bavi or any PS ideas to get in the real game. Amateur hour is over. The game is progressing way faster than the resources available will allow them to keep up. A high powered player is needed now...not several years down the road. Wall Street sees this. There is no sence of urgency in manegements attitude. A clear tell they are content with the disterasous status quo they have created.
4. To say they simply don't have enough data to partner at this time falls short from my perspective. The i/o preclinical data should serve as a foundation for some big player to venture a reasonable partnership...but that would constitute handing over control which ruins the endless gravey train for management.
Time is not on our side if there are any visions of Bavi or PS technology being a real player in the combo space.
Well documented fact based on their actions.
It is obvious they have no intention of partnering the company.
Prepare for a reverse split followed by crushing dilution coupled with a limp along trial strategy.
That benefits management best. The growth in AVID is not being reflected in share price appreciation with these guys at the helm. They are toxic in the streets eyes. Nothing will change unfortunately as long as they are allowed to get away it. Swartz is a professional swindler.
Exactly, King showers himself with a giant bonus after the stock price gets crushed on his watch after the Sunrise disaster ...and they continue to sell shares at these prices with a straight face.
I dare anyone to find a bigger collection of slugs in any public biotech company.
We have the worst...and they refuse to do what is required and partner.
It would be completely salvageable tomorrow if they would change course.
Instead they hide behind the twisted Delaware law and continue to rape and pillage for their benefit.
This company and the compounds have so much potential. I can't imagine how the CEO can show up to work each day without sporting a paper grocery sack with holes in it for his eyes.
Decline to take a question on the conference call that was inadvertently caught...telling.
Wook...you are sharp guy. At some point one may need to come to the obvious conclusion that their plan and strategy has failed and is failing and we need a major shift.
Haven't we reached that juncture now?
King and management are ruining this company.
Wall Street despises King
Institutions won't touch this company because of the slime ball composition of the board
Like you stated...King is a documented liar
King is an awful as a leader and generally sucks at his job.
Pretty much explains the continued share price debacle.
Nothing will change unless King either steps down or partners...everything else is basically noise. Running behind on AVID expansion is yet another demerit on this groups checkered track record.
It is almost unreal how they continue to squander their opportunities.
When E.F. King speaks....
People sell.
Sadly, the punishment of the stock price lies at the feet of management. I agree, it is grossly undervalued...with one caveat...in their hands...the value approaches zero...and rightfully so.
They screwed up cotara' which they pimped as the gateway for all solid tumors once approved for brain cancer.
Failed miserably with the next generation avastin' compound that they pawned off for close to nothing half a decade ago which they just don't want to talk about.
The managemwnt group measured against their piers finishes in the lowest ranking. Institutions therefore avoid investing and the share price suffers. All by design as sick as that sounds. They hide behind the Delaware law and continue to rape a pillage for their own benefit.
This company should have been partnered in 2007 in my opinion.
A failed path of screwups and they have the audacity to award themselves lavish bonuses.
Disaster has ensued since the decision not to partner way back...
I absolutely believe it is "possible"
Not probable with this management.
You are new here.
Here is a shining example of how stupid our CFO is...
Several years back this stooge chose to dilute right before a Russell' rebalance causing us to get kicked off the list...pretty simple stuff for a CFO who has an IQ that exceeds their shoe size.
Now they dilute at 35 cents....
See a pattern.
King is proven to be clueless at assembling a beneficial deal to boot.
Interesting...I believe they have absolutely nothing in the immediate works other than reverse split, more bonuses for failing followed by probable continued dilution.
The pinnacle of shareholder betrayal.
Triple H just doesn"t cut it.
Incompetent self serving boobs.
Selling shares at this price.
Who voted in favor of these clowns?
I like to refer to the phenomenon as the PPHM Rope-A-Dope
Perhaps a positive revenue report followed shortly thereafter by a partnership announcement finally breaks the decade long trend.
Stellar job reporting and asking questions from the function you attended recently.
Hat's off to you man.
36 pennies...I am elated deep down.
It is beyond my comprehension how they get away with:
1) Not doing the jobs that they are grossly overpaid to do and shirking their fiduciary responsibilities by partnering and taking a backseat for the benefit of the shareholders they supposedly represent.
2) Garnering a single vote in favor of them each year...even though the vast majority of them are "default" in favor votes
It is so obvious what needs to occur now after their failed go it alone attempt, yet they continue to put their own self interests ahead of shareholders and the potential cancer patients this technology could help with the proper funding and management.
It really is disgusting. They are a shameless bunch.
I hope they prove me wrong with a partnership that would hand over control as it relates to the advancement of the platform. Based on their well documented track record, my optimism is tempered to say the least.
The share price is still currently in armpitville'.
That being said, I think Hornet is overly pessimistic on Avid and it's forward looking prospects...and I wouldn't get to caught up on the % gain needed from here to regain compliance. The valuation will quickly reset in the event of a real partnership.
Avid requires a big cash infusion.
Potential Bavi combo trials require a big cash infushion coupled with the expertise to compatently run them.
Time is a wasting. Partner or this company becomes an afterthought as the competition sprints forward.
It is really a remarkably flawless record..
King gives his quarterly report on the state of affairs and shortly thereafter the stock price goes down like a disgraced cosmonaut.
Perhaps a semi expected avid revenue increase from last quarter provides a pleasant deviation from the aforementioned pattern.
With the 12 return by "investing" with King at the helm...you may be labeled more appropriately as a "donor" at this juncture.
Barring a partnership miracle...your investment is poised to walk the plank...take two...under this regime.
What is it going to take to reach the point of being fed up with their gross self serving incompatence?
I hope they can pull off a money deal in time. The daily volume suggests otherwise. Seldom are deals kept quiet that are in later stages.
Here is the reader's digest version of why we are where we are:
KING of talk...PAWN of do
The so called "markets" are just crime scenes now.
The no vote in Italy on Sunday should have fun consequences...at least PPHM doesn't have much lower to go.
Brexit X 5 is what I have heard the potential downstream impact described in the event of a no vote. Funny, almost silence from the mainstream financial media about this subject.
The plunge protection team might have to punch their time cards and get busy like they did election night.
Happy weekend to all!!!
Any large company with the financial resources and ability to run a plethora of combination trials that acts with a sense of urgency.
These guys are simply milking this scene with their slow play mentality. This is playing out in real time with a disastrous outcome for both shareholders and the the technology as a whole.
This is a race. We have old out of shape fools with walkers trying to compete with the Usain Bolt's of the biotech world in running large scale trials and they are getting smoked.
Almost time to walk the plank with another reverse split.
These guys ROCK!!!!
Read Jake's posts the last few months....he explains the direction these guy's need to take to give this idea a viable chance now.
+++PPHM will be part of the solution.
Not with this cast of characters leading the effort. Not a chance.
Partner and hand over the control...or the compound gets left in the dust and shareholders crushed.
Period. End of story.
...and we haven't heard boo about the number of patients in the "control group" that left for newer therapies when the data was presented. Why is that?
I find it almost impossible that the control group just happened to have an incredible outcome without such a variable added to the equation.
They have to know the statistical facts related to that the control group of the phase 3...How many left and how did it positively impact their survival?
King's complacency in failing to secure a partnership is costing dearly. I'll bet he is unable to reconcile his astronomical assertion with a potential reasonable deal....so he continues to balk and slow play the company into oblivion as it relates to the long shareholders.
The 4 to 5 digit stock quote reflects the ongoing disaster of his leadership and promotion skills.
Tax loss selling is upon us and is bound to render more fun times for longs in December.
King is a proven inept liar. This was a prepared statement and should have cost him his job. How he received a single vote to continue given his track record boarders on bizzare.
HE mislead how well the liver trial was going and alluded to regional partnershis in Japan also.
SWG...I have no problem with shorting.
Yes, the PPHM share price mess is almost all King's doings by a combination of greed and stupidity for not securing a partnership waaaaay back.
The obvious criminality that is going on with these so called markets has reached epic proportions and the SEC willfully turns their back.
There is systemic corruption. We have no markets anymore. Price discovery is absent on many fronts.
For example, 2-3 years of production of gold was put up for sale in the paper markets in a few days time to artifically drive the price down last week. There is no physical gold for sale at that absurd level. It is all manipulation. Thank goodness it will come to an end soon.
The powers that are holding this failing monetary system together by hook or crook are getting embarrassingly desperate.
PPHM stock price should not be this low. It is management's failure coupled with manipulation. Pretty obvious from my perspective.
We are getting close to a gaint cleansing once the corruption of the so called markets gets exposed. After the curtains get pulled back we will see that the emperor has no clothes. Things aren't at all what they appear unfortunately. The world is dumping our treasuries at an alarming rate.
We are sprinting towards negative interest rates next year here in the US...first they must corral the great unwashed sheep like us into one pen and go to a cashless system in the name of protecting everyone.
King, why not set a new precidence for once and follow up on your partnership soon talk with action before we lose more ground on the other well funded outfits that are running combo trials galore.
The SEC needs to be cleaned out with the new administration coming online in January. The naked shorting corruption garbage has been allowed for so long it is accepted as business as usual.
Orderly and honest trading needs to quickly return. I am sick of hearing that naked shorting is rampant.
The mood at the Tustin funeral home is probably more upbeat than Club Peregrine.
King and company are shameless losers.
They have no intention of partnering....just more of King's sailboat fuel. What a disgrace.
Train wrecks always draw crowds.
Now wait one minute...
Shareholder's should be relieved and gain confidence that our leaders are falling all over themselves to purchase shares on the open market with their hard earned money showing their support for the company at these severely depreseed share prices.
Speaks volumes.
Your assessment is exactly what needs to occur...quickly.
Does the will exist with these guys to make it happen? They are fresh out of excuses now not to get this platform, and the share price out of first gear while obtaining the resources to quickly make AVID a viable player.
The share price and volume is telling us that no such substantive conversation is currently taking place. If a deal was progressing, it would be pretty obvious.
Slime ball Swartz ultimately calls the tune to this operation...King gladly plays along.
Did you catch where Jake learned that they really have no intention of partnering in an earlier post today?
I don't doubt the validity. These snakes have proven the only thing they care about is enriching themselves. 100 million upfront for a partnership would do wonders for the share price immediately. They couldn't care less about getting this platform in the right hands short of an astnomical offer which is delusional.
But we are partnering in 2017...King's endless Carrot Parade would make Bugs Bunny envious.
PPHM....where shareholder shangri-la is just 6 months away...since 2002!!!
After foolishly being sucked into the PPHM abyss with the % loss I am experiencing, I am relegated to hoping King magically purchases a conscience and steps aside via a partnership.
Frankly, I don't think it will be in time as a global monetary crisis appears imminent....I hope I am wrong...but have thankfully hedged accordingly.
Here is a more perplexing question...
Why aren't the management hero's falling all over themselves to purchase shares on the open market to support the company they run with their "astronomical value" proclamation at our current armpit price.
King acknowledged his failure as our CEO by admitting the current share price is multiples below where it currently should be.
Help me "CONNECT THE DOTS".
IF they aren't buying..
neither is anyone else...hence the comedy club daily volume.
Actually...it more closely reflects the parade of disgusted longs who factually refute the nonstop happy talk of the 90% decline in share price under King Clown.
Every day this compound hasn't been partnered is another wasted day.
Oh, but there is a "magic button" they could push to get the share price above 1$ in very short order. In the event Bavi has any perceived value as it stands today, management could orchestrate a real partnership, with upfront $, and relinquish control of the development to said partner who would undoubtedly have greater expertise and resources to finally get the development show out of first gear.
Partnering runs counter to what benefits the entrenched slugs that run the company, so they continue to slowly run the company into the ground while completely screwing shareholders.
Plain and simple.
I agree.
It is on to IO combo's based on preclinical success.
Take a gander at the 10 year stock chart and imagine all the selfishly squandered opportunities to help cancer patients and just maybe the gisgust will come into focus..
Perhaps some here, while well intentioned, would have been better off writing a big check to the American Cancer society, parted ways with their money, got that warm and fuzzy and ended with that.
Please don't begrudge those who expect more from this company. Our investment money isn't solely for their benefit. Their behavior is appalling.
Ahhhh yes, the ol' "partner pays then refuses to develop" story line.
Colorado dispensary logic.