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King has been using the partnership carrot mirage so long it has finally exhausted it's utility for him so he stopped. Except for the perverted use of the term when he said in a prepared statement "Partnership within a year" fairytale which resulted in US forking over $ to have someone investigate and experiment with our compound. Just another one of King's cleverly designed cruel hoaxes.
In order to persue a real partnership, there first must be a valid desire. That trait is clearly lacking and is overshadowed by self centered greed by our esteemed leadership. They aren't about to step aside and ruin their gravy train for the benefit of shareholders and cancer patients. IF it weren't for King's greed and stupidity, he would have taken an offer before the phase 2 debacle.
They are content with their failed limp along strategy...
It really is a shame how they get away with it.
In the event a reverse split is implemented..provided the vote inexplicably passes and is promptly followed by a partnership announcement, I would suspect nobody would give a rat's behind.
There are no more markets anymore. We are witnessing widespread corruption much like the 1000 tons of paper gold in a well orchestrated takedown yesterday...of course there is no physical gold ..just pieces of paper. DB is insolvent and the derivatives on their books can take down the whole system.
Hopefully, we get some solid and convincing data Monday to find a partner and maybe put an end to this nonsense. Right now this stock is being jerked around with a MIA SEC.
I missed that..
Thank you Gwen.
Not filing for an extension and submitting a plan to get the share price over $1 in 6 months is gross deraliction of duty...
This should not even be a topic of discussion although with such a self serving group of underachieving thieves..it is.
Either Bavi is worth something or like the current market cap reflects...it is worth close to nothing. Which is it King? Enough opportunities have been utterly squandered by this underfunded outfit. Way past time to partner and hand over the reigns.
Sadly, in this management's possession, Bavi is valued at close to nothing according to the street....
Please post the link of the results from the Oct 10th meeting...maybe I missed that...
Buying into hype is long...Long gone with this issue.
I'm going to reserve judgement until after the findings are disclosed...and so will the market.
Big shocker...
So...I take it that you are of the opinion that this stat sig data announcement in front of this esteemed audience on the 10th will amount to just "Meh".
Defies all logic.
I am on the opposite end of the spectrum on this one.
Oct 10th may very well prove as the "Bavi Lazarus Moment"
I hope everyone and their brother is short when the news breaks.
Nice post...very lucid. Better than a coin flip as it relates to what is probably occurring behind the fog.
Will someone with the resources please take the ball and run with it from here?
I am looking to see some sort of statistical clarification as to how many patients from the contol group bolted for newer treatment options with Sunrise. Still ain't buying the chemo only control data set had a grand slam showing.
We will know soon enough.
Spot on...we could be in the break even neighborhood now if they chose to run the company as a profitable business instead of as their own piggy bank soly for their benefit.
They really are a shameless lot. This type of arrangement should not be legal in my opinion....especially with morally bankrupt group like this.
I would like to know how much new AVID business this supposed heavy hitter they brough in has landed. Let't hope at least he is justifying his salary.
Exactly...there is no institutional ownership of this stock to speak of to be lost if the transition occurs.
This issue belongs in the OTC section until the penny stock pimps running PPHM decide or are forced to finally run the company as something other than their personal piggy bank.
Because getting the share price above a dollar could have been accomplished without a reverse split had Slimeball King taken the necessary steps after his all in bet on Sunrise failed.
Swartz and King are filthy and self serving...how anyone can vote for more of this is beyond me.
A majority no vote across the board puts a defacto' for sale sign on the company and we can recoup most of the losses with a reasonable offer while King and his clowns have the carpet deservedly pulled out from under them.
Exactly...and Kingnochio's nose grows longer 6 month"s later as evidence to support his claim is absent.
Is it to much to ask to have an honest leader of this company?
Produce facts to support this publicly statement comment or get lost King.
Falls in line with the hep c data to be released at a future conference..inference that liver cancer trial is going well and looking for partner...duke paper...and on and on and on.
I would love for evidence to be produced that many underperforming participants in the control group left for newer compounds and skewed the outcome...half year later..no substantiation.
See a pattern here.
Connecting endless trails of decades long "dots" may be considered absurd by most..
The "dots" on the stock chart under this corrupt regimes reign is all that matters...all else is folly for the unsuspecting.
Cliff notes version of the previous paragraph translates to:
KING GET OUT
The front page of the Peregrine website should include a picture of King sporting a black eye with a shirt reading "I fought Big Pharma and Big Pharma Won" next to a for sale sign in front of the building.
He is a failure and needs to beat it.
The fact that you claim "letters" need to be submitted to PPHM instructing management to act with a sense of moral duty regarding the shelf shares flys in the face of their trustworthiness...this is an investing world turned upside down. Somehow, the low information shareholder's are of the belief that it is up to US to police thier actions and intents.
Unbelievable.
Haven't they demonstrated a breech in trust already?
Force them out by any means or suffer the consequences by inaction.
Sadly, that is where we stand.
+++They want you to sell your stock,
Close but no cigar.
"They" are fed up with the failure of leadership
"They" insist on having the stock price reflect some semblance of fair value....without the negative impact of the despised board by the street.
Sell your stock....get real. The stock chart is a smoldering dumpster fire thanks to this teams incompetence.
You get what you vote for.
How about voting against these human lampreys next proxy time and hang a de-facto for sale sign on the company so that some outfit with the resources to move this platform forward takes charge of the trials.
It is time to pull the plug on the warm bath tub these overpaid keystone cops have enjoyed for way too long. These guys won't give up their gravy train voluntarily....look at the one morally bankrupt clown on our board who collects 100k from a company he helped bankrupt with a one penny share price.
Yeah, these are the guys I want leading the effort.
Somewhere....Gilligan just felt insulted by comparing him to King.
This group is filthy to the core.
The options granting serves as material for another episode on the TV show American Greed.
Rewarding themselves for 10 years worth of inept failure shows they lack any sort of moral compass. How many shares have they bought on the open market to show support? Anyone backing this bunch is complicit. Could these guy's suck any more?
Like I have stated years ago...these folks are way to comfortable in their nice warm bathtub. No sense of urgency to produce. Simply a wealth transfer from the shareholders to the feckless good ole boy network.
Time to pull the plug on the bathtub. They expect the shareholders will just sit back and take this nonsense like they have in the past without any resistance. When the market cap is this ridiculous coupled with a stock chart that the USA Olympic Ski team could lease out for their downhill time trials, they simply should not be allowed to keep their positions. With this corporate structure which provides King and Lytle the ability to make double their market value with their results, forcible change is in order.
Evidence is abundant that they aren't performing their fiduciary responsibilities.
What a sad bunch Thorpe found himself involved with.
+++I find him/her comments consistently in the negative light
and agenda driven.
Yep...here is my "agenda" as a shareholder since 2000:
I expect management to be good stewards of company resources
I expect them to be compensated fairly and their compensation to be result driven
I expect them to treat the shareholders as owners of the company and not run the operation as a private country club
I despise fecklessness, self-serving management
I feel at liberty to jump on management and any defenders of their inexcusable behavior like an under fed mountain gorilla on a vine of bananas
I feel sorry that Thorpe had the progress of his technology mismanaged by these clowns.
What is your agenda?
Either:
1) Bavi is still viable and AZN or someone else steps up with the spot on scenario you laid out or
2) King's statements about Bavi being astronomical are nothing more than sailboat fuel and it needs to be junked. In the event no "real partner" is willing to put some skin in the game at this juncture, the answer should be clear as to the compounds viability. If they are unable to orchestrate a "real skin in the game partner" that will take control of the trials soon... we should focus on AVID with the limited resources...or
3) If management stupidly decides to limp along with a reverse split and further dilution.....I believe we should follow Bungler's lawsuit suggestion.
In the event Bavi is what most here believe, I am unable to find a logical reason why what you proposed can't be accomplished.
+++Unfortunately we are not a manufacturing company
Actually, based on zero trials in progress...that is exactly what we have as of now.
Sorry...I have owned shares since 2000...
Call my bluff and test my elephant memory.
You may be confusing uncomfortable facts with conjured up boogie men.
Stare at the stock chart under King's reign and share what you see.
PPHM...the myspace.com of the biotec' world.
The fact that these pregnant snakes running the company can feel justified in awarding themselves more stock options after the mismanaged train wreck they have caused is despicable.
King isn't qualified to competently manage a lemonade stand.
Kindly take a hike King before the shareholder destruction that has resulted on your watch is beyond repairing.
Thanks Loof...
Amateur hour as it relates to this leadership squad has obviously run it's course with this company.
Happy Garnick sightings and full parking lots aren't going to cut it.
Agreed..
Almost everyone new exactly what King was saying when he went on record stating "partnership in the coming year...see Loofmans share price projection poll for proof.
In the event a viable partner fails to step up, one begins to wonder if the "astronomical" technology warrants further trials in the first place.
Focusing on rapidly growing AVID isn't a show stopping plan b if nobody steps up with an upfront payment to take the baton and run with it.
Pretending that we have resources to move forward with numerous trials is a joke given our current situation. Limping along with the previous business strategy is a lost cause.
All IMHO
Examine the historical stock price trajectories of companies attempting a reverse split. ..never mind a second...followed by unyielding dilution/unrelenting shorting...and I suspect you will "get the picture" of where this will lead.
Whether management currently realizes it or not, their lack of business acumen has landed them in the same boat as us.
The remaining options:
-Sell the company
-Partner and fork over control
-Run the company as a profitable Manufacturing Co
-Reverse Split and quickly go to path of the DODO BIRD
Time is a wasting.
So I take it you are on board with keeping on the droves of people hired on to oversee the iminent bavi commercialization? What value are they adding at this point if they are sitting around picking their noses and contributing to the burn rate.
Will someone with a lick of business sense at PPHM step up and lead?
Your investment is toast if they continue down this path.
+++Would failure to plan be grounds for tying the executive staff up in court for the next decade.
We "owe" them that courtesy in the event they follow their well documented track record of failing to live up to their fiduciary responsibility of shareholders.
The path of least resistance for these clowns would be to finally do right by the shareholders. If they are under the fallacy that a reverse split will grant them a new life and clean slate to continue business as usual, they are sadly mistaken. The stock price would get shorted right back into the ground and the company would fail to exist in short order following another RS.
All IMHO.
+++Did that just get shelved-never to be heard from again?
It probably resides on the third shelve next to the bavi bird flu aerosol can in the "closet of carrots"
What exactly is there current business plan and why should Wall Street get so excited about it?
In the event PPHM announced in the interim that King was being replaced with a well intentioned ham sandwich, I suspect the share price would immediately start heading north.
You say FUD ain't gonna work here, I say HHH won't either....namely Hype, Hearsay and Horsesh*t ain't gonna work here any more.
The 10 year stock chart and current stock price are shiny examples.
Archie..
Shareholders don't need constant updates on all the goings on...
The prepared statements of their business as usual plan on the last CC in light of what just occurred is rediculous. A poster by the moniker JonhR I believe...was fit to be tied after hearing Kings statements...and I concur with his post.
The aw shucks, we will just crush everyone's investment, RS, and retain their jobs is not acceptable.
Turning a modest profit in the near future wit AVID is doable...These guys need to at least start acting like they care about getting this stock back over $1.
The current $100M market fails to reflect the co's value and that is on King.
Let's just say I have a very difficult time beleaving that since Garnick came aboard after "renaming" our phase 2 overseas trials as "signal seeking", not one single partnership offer was made after years and years of "talks". The company would be in much better shape had they partnered even with the sunrise debacle.
You are free to take the flip side, Doesn't pass the sniff test with companies partering via preclinical and phase 1 data.
It is all water under the bridge at this point anyway.
Nothing nefarious...
The majority of shareholders approved of their wreckless go it alone, put all your eggs in one basket business strategy...which was, from the onset,
extremely poor risk mamagement.
Now here we are, wandering in the desert without a communicated sound go forward plan.
Over the last half decade....I feel confident that King walked away from countless offers with all these "talks".
Everyone is welcomed to their beliefs however.
Absolutely...still doesn't explain the control arm home run showing. Unfortunately, we probably will never gain access to the final data. When we have a cross between Brian Williams and Pinocchio proclaiming future trial outcome disclosures, a final readout Harry Houdni disappearing act will follow this regimes historical pattern.
ANZ is either a go or no after sifting the sunrise wreckage. If they pony up funds to move a trial forward, Bavi pulls a Lazaris...Odds are ugly based the current share price action.
My....that surely deviates from the 3 forward splits and $100 share price you predicted not so long ago
Just where did your sources steer you wrong? Are you able to reverse engineer where their guidance divorced itself from the truth?
Please assemble an objective critique of the 10 year stock chart report card under King"s foolish reign,defend the merits of his business strategy and share with your findings with the good folks on this message board.
Thanks