Thanks for posting the collection of SHM notes. One thing that jumped out is ES attitude when questioned about "manipulation, shorting, etc". The other thing that concerns me was mgmt did not mention the roster of institutional investors when they did the last pipe. Was Double U Master Fund a participant and if so, how much of the PIPE did they take down? It appears Double U is a British Virgin Islands fund (offshore). What regs do they have to follow? What is ES relationship to Double U? Mgmt stated that they didn't want to put the resources towards looking into any potential illegal activities. IMO the trail was pretty well marked and it wouldn't take a whole lot of effort to get to the facts. Unless you don't want to go there.

Stevo,

You mentioned that one of your folks attended the SHM and came away with positive vibes. How astute is this person w/ respect to biotechs and investing? I think anyone that sees the bavi vid is usually very upbeat. Can this person discern BS from a real deal?

TIA

Re Biogen

The $7 to $15 per share for the pipeline equates to between $2.1 bil to $4.3 bil with 293M shares outstanding. That est is for 15 drugs in the pipeline at mid stage development. Don't know the blockbuster potential of the pipeline. Perhaps we can get Mr. Icahn interested in lil PPHM.

Brandon,

Thx for the update. Given mgmt has very little skin in the game with respect to ownership, are they rolling the dice with house money versus getting the best risk/reward value for the shareholders? Right now $2-3 is better than $.61. Also, with such pipeline potential, why are we at $.61? Avid should have some value and take the market cap less cash and Avid value, we're talking pennies on the dollar for the potential. One last question, do you think there are entities keeping the price down for accumulation (or competition ie bp or bb)?

Thx

I agree. I can just see Rodman pushing a $.50 stock with PPHM's chart as a marketing prop. I don't think boiler rooms would touch this thing.

One other rant. Mgmt stated several weeks ago that they have an agressive private road show with their new pal R&R. If that's the case, if mgmt has the goods that they claim they have, we should be seeing increased volume with a rising price as institutions start buying. Either mgmt doesn't have the goods, they continue to blow smoke, or the stock continues to be manipulated? Hey Mgmt, which one is it? All these thing don't add up.

Easy answer. When mgmt has no skin in the game and they actually benefit from a low stock price as milestones are achieved, what do you expect? My biggest concern is mgmt along with their pals run this thing into the ground and get their rewards from the successor. It's a lot cheaper for BP or BB to pay $20 to $30 mil to a few execs down the road than pay all the shareholders the value of the company.

Too many games have been played as we all know. Mgmt's decision to not webcast the shareholder meeting shows the disdain for the retail shareholder. Mgmt must be asking themselves "When will these individuals holding our stock just go away?"

Look at all the events since the beginning of the year. Short interest, Russell, the no financing comment by CFO, BOT's post that a partnership deal is in the works, the Russell bogus trade, the PIPE with UU. Plot all those events against the steady stream of decent clinical/technological progress. You would think the news would have been bad. All theses things don't add up. Has mgmt acted as fudiciaries for the current shareholders? I think not. Either they're complicit or inept. Either way something needs to change.

JBM, Volgoat,

How does PPHM stack up versus these MAB companies?

Perhaps the best thing mgmt could do is abolish the poison pill and enact the pretty please with sugar on top pill. Doesn't appear BP or BB are beating down the door.

Looks like folks are lining up to buy at the R&R private shows. Perhaps PPHM could put shares in the vending machines of the institutional buyers right next to the Snickers bars. They can mark the shares up to $.75. Not going anywhere for a while? Grab a Snickers.

Humor is needed.


http://www.fartingpreacher.org/index.php?action=showpic&cat=25&pic=65

Steve,

All good points and I agree with your posture. The only positive things that may have developed is that mgmt is aware of the unrest AND eyes are upon them so they act as fiduciaries to CURRENT shareholders and not their future employers (ie BP or BB). I expect mgmt to maximize value to the shareholders and not run the company into the ground and then take a position with a successor which gives them great financial rewards in the future. At the present time, mgmt has virtually no skin in the game with respect to the stock price (Top 3 exec's hold $132,000 worth of stock). My expectations are that if mgmt can't get it done, sell the technology in pieces and get the most out of it. IMO, that by itself is much greater than the $.60 we're seeing today. Also, mgmt is aware that we're watching the games being played and hopefully they are not part of it and will put up a fight to stop it. All we want is accountability and transparency. We have not been getting that. All IMO.

Gandy,

Disagree with mgmt's intention to stay on Russell or investigate stock manipulation. Too many clues that point to either mgmt or mgmt's buds. Short position, UU pipe, light weight PR and bogus trade. CSI Tustin could have solved this mystery before the first commercial break. Mgmt doesn't want to find the culprits cause they're too close to home. Just like GWB wanted to find the CIA leaker. All IMO.

Thx Gand

My concern is the ES response/attitude. I wonder what his relationship is with UU. Me thinks he's been playing both ways, long and short. All IMO. Has he really been an asset to the company?

Regarding PR. I'm sure mgmt will award themselves more stock options at the low price with today's milestone achievement. Remember that a higher stock price is not in mgmt's best interest when all these milestones can be achieved at a low stock price. The top three mgmt exec's own stock worth about $145,000. Getting cheap options is worth much more than that. You can also gamble like a hedge fund when you've got basically nothing to lose. All IMO.

I'm sure mgmt don't even want a shareholder meeting. Plenty of unhappy campers. Hearing some rumblings that change could be in the works if the ship continues to list.

Will the SHM be webcast? If so, where's the link.

TIA

I did file a complaint with FINRA (Financial Industry Regulatory Authority) and received a response from them stating they referred the issue to The National Stock Exchange. The issues raised were regarding CINN and the bs that occured on the russell rebalance day. I have not heard anything since. Unfortunately the SEC is a nonfunctioning agency under Bush and the current congress. Too much money from hedge funds and Wall St and the revolving door between regulators have kept the regulators quiet.

My concern is mgmt has no announcements before or the day of the SHM and the mkt gets the news of the additional 75 million shares in play for 30% dilution. The stock tanks and then mgmt gets some news out within the next week to hit the milestone at the low price.

I think a reverse split would help if it's timed with a great news release and R&R has line up a bunch of institutional investors. We need to focus on market cap and not share price. Also, as to me being a basher, no. Just a frustrated shareholder that believes mgmt has done a poor job from an investment/financial mgmt side. And their interests don't appear to be aligned with CURRENT shareholders, the ones that have kept them afloat for several years. As I said earlier, an IB friend that met with them over a year ago thought they were rookies on the financial side.

Thx. Like I said, these issues regarding IMO shady financiers, which has been the MO for PPHM, should be brought up at the shareholder meeting. With all the games that have been played, the giggling regarding shorting on one of the CC, and the PIPEs and stock performance should be addressed. At least mgmt will know we're on to the games.

Steve,

Regarding the second link, where is the reference connecting UU? When I filed a complaint I received an email from a compliance official with an email address in the event I had questions or additional info. I would like to forward any info which would make their case easier.

Also, these are legit questions for the shareholder mtg. When enough eyes are on mgmt, perhaps they will walk the straight and narrow.

Crime does pay. Wonder why the shorters do it? Very profitable, minimal chance of getting caught and a small fine if you get caught.


http://www.investigatethesec.com/20071016.htm

Yea and we were not gonna see another pipe and BOT as mouth piece for mgmt had everyone believing a deal was in the works with BP. We got played like a piano. Do you think their PIPE buddies were getting the same inside info? I don't think so.

The only delisting issue is stock price. A reverse split solves the problem so if it gets close, expect it to happen. I predict it will happen either at shareholder meeting or shortly thereafter. R&R is probably telling them that the universe of institutional buyers goes up exponentially with share price over $5.

If there ever was a smoking gun, look at PPHM and the russell boot, the financing etc. Even if someone gets caught, the fine will be less than the rewards. The cost of doing business nowadays.

Thx SB.

I have also heard the same feedback from another hedge fund mtg. Thus my frustration with mgmt. If you can get in front of people and tell the story, you get some interest and it doesn't take that many players to invest to move the stock. Which leads me to believe mgmt doesn't want to move the stock until their milestones are reached and options granted at the low price. And IMO they want to aid in the transfer of cheap shares to either bp or institutions. Hopefully mgmt understands the frustration with existing shareholders and also understands that, given mgmt has little ownership, change could be on the way.

I own over twice as many shares as the top three officers of the company combined so I feel I have a right to voice my opinion as well. IMO, mgmt has done a poor job with the financial mgmt of the company with the report card being the share price and all the games being played. The options shareholders have are to sell and move on or get mgmt to perform or have them move on. I vote for the latter. All we want is performance.

Agreed with one addition. A mgmt team that knows how to work it for the shareholders.

Related topic in that I think PPHM has been a victim of naked shorting. Why does naked shorting exist? The rewards are high, the risk of getting caught is low and if you get caught, you get your hand slapped.

http://www.investigatethesec.com/20071011.htm

What's the chinese proverb about a long journey? Let's see if we can get over $1.00 per share.

One other thing, when the top three officers own a combined 230,073 shares with a value of about $150,000, don't expect mgmt to really focus on share price. IMO, their focus is achieving milestones while the price is low and helping with the transfer of shares to institutional owners. There are many posters on this board with significantly more ownership than mgmt.

I would love to but there's a strong warning that any info forwarded or copied could get me in big trouble. The message also says if I received it by mistake to notify sender and destroy the message immediately. The message came from finra.org. I will say they shared my interest in the trading action on russell rebalance day.

Something is going on. I filed a complaint to NASD and got a reply back that they agreed that something was going on. The case person also sent the info to the sec. I have not heard back but I'm getting tired of the manipulation. It doesn't take much to push a penny stock around.

My prediction is a reverse split announced either at the SHM or shortly thereafter. A 10 for 1 reverse split (or higher ratio) to get the stock over $5 per share. It solves the delisting problem and will get additional interest. Forget about what mgmt said in the past. Did they say they would not do another pipe before the last pipe?

Hey BOT

Those road shows with the institutional investors are having a great impact. I guess they listen to the presentation and short the stock. What's the deal BOT. Does mgmt have any sense of manipulation going on?

As predicted, CINN camping out on the bid/ask.

Where are you getting restricted short sale info?

Yea but make sure the price trades lower at close so the milestone option grants are low.

Prediction

CINN shows up on both sides and spoils the party. When will this end?

Unless mgmt gets something going on the income generation front, PPHM will expire long before any patent expiration. I'm hearing some rumblings of some unhappy campers that could TRY to force mgmt's hand to play the hand they've got unless the ship gets back on course sooner than later. A $.66 stock with the additional shares forthcoming is unacceptable given the value of the assets. Fear and greed are in play. A smart player could make a tidy profit unlocking value.

Why would someone short a $.68 stock that could pop at any time? Insider info on poor test results? I don't think so. Suppressing the price for accumulation like CINN on the bid/ask? That's my guess.

Looks like CINN back on the bid/ask. Also odd lots have been trading, ie 35 shares, 15 shares etc. Doesn't make sense with a $.60 stock. Also doesn't make sense to short. Unless someone wanted to suppress the price. Why?