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Positive news, CINN on the bid/ask and we go down?
Short into submission, not oblivion. Say uncle at $3 per share.
Let's see, good news, volume picks up and our friend CINN returns to control the bid and the ask. When will the games stop?
What is your agenda Katie? Are you now a paid basher? Are you trying to save us? What qualifies you to make your statements? Go back to Raging Bull.
Thx
One thing that PPHM did half right was to secure funding for the next year. Credit markets are ugly and could get really ugly. Nobody wants commercial paper and asset values will tank as assets are sold to unwind positions, rates will rise dramatically to intice the brave. Thank you Alan Greenspan. You're probably taking a bubble bath while watching Lawrence Welk reruns.
Collectively we have much more shares than mgmt so the take your marbles elsewhere doesn't apply here. Rather than sell, another option might be to put the technology in the hands of folks who can create value. Another option is to change mgmt. Where's Carl Icahn when you need him? Mgmt's in the hot seat, not the shareholders.
What's to stop mgmt from getting shareholder approval on a specific deal with BP or BB down the road? It might take a little longer but I'd rather see a specific use for the shares. Mgmt has lost my confidence. Get the share price up and I'll vote yes.
If the results are that great, they can sell the company. And if they want more shares, show us how they create shareholder value with what they got. Problem is mgmt has lost credibility and it's there job to regain confidence. A $.57 per share price doesn't do it for me. How bout you?
A vote for no more shares is a proxy for no confidence in mgmt. Mgmt needs to show some ability to create value as it relates to share price cause that's all that matters for the shareholders. The we're in talks, we're gonna have another phase 1 but we've got five other phase 1's stalled cause we ain't got money b.s. is over. It's time to produce before mgmt get more shares to screw up.
At this time I would not vote for additional shares. Mgmt has to prove to me that they can do a better job of financial mgmt and communication. IMO they have kept the retail investor in the dark and have continued to make poor decisions in the financial area. For two years we've been hearing the same crap. Granted the have progressed in the lab but the price does not reflect the progress. In the investment arena, the stock price is the report card and mgmt gets a D-. The first misstep was issuing a PIPE two years ago and missing the russell by $400K. Huge mistake which really hurt share price during a critical time. Missing the russell this last time was pretty well planned IMO. What better way to transfer cheap shares to someone. Blatant manipulation and mgmt does nothing. Mgmt has 30 days to show us they can create value for shareholders, not future partners. If they can't show us soon, the company should be sold and the technology should be put in the hands of capable managers.
If someone was to get control of the company and spin off the pieces, I would argue you could get much more than $134 mil. Assume $25 mil of cash in the til, that leaves $109 mil for Avid, Bavi cancer and antiviral, Cotara and all the other prospects. Any idea what Avid would be worth as a spinoff with all their contracts? My point is this. Someone could make a hostile bid, trash the poison pill cause shareholders are fed up, can management, and make a boatload of money. Very tempting.
I'm just frustrated cause the trendline of the pr's and the stock price don't jive. If you plotted good news or progress versus stock price you would expect a positive corelation, not a strong negative. You ask yourself if you've done your homework, is the market right, or are folks playing outside the rules. If there is naked shorting going on, it really is hurting small companies from growing which impacts the economy. Congress doesn't see it. All they see is the money from the hedge funds.
Dodd to do something? I don't think so. He's from CT, the home of quite a few hedge funds. The hedgies have a license to steal and all the have to do is pay off a few senators via campaign donations and hire many SEC folks. Work for the SEC, do the bidding for the hedgies or look the other way and hire on for big bucks to keep working the SEC crowd. It's a very incestuous relationship.
No-Action Letter Definition
An SEC letter indicating that no civil or criminal action will be taken against an individual engaging in a particular activity; sent in response to a written request for clarification when the legality of the activity in question is not well-established.
Translation: The proper palms have been greased within the SEC and various other govt entities including congress.
Thanks BOT. We should be trading at about $.25 by then. Do you know if mgmt is doing anything about the constant downward pressure by CINN? Or is it a long term healthy situation whereby some entitity is getting cheap shares by controlling the bid/ask day in and day out and in the long run will pay more cause they got a whole lot of cheap shares. And perhaps mgmt is playing monkey see no evil?
I had to use "other" quite a bit. I used CINN as broker and it did not show up. In the written complaint part, I referenced CINN on the bid/ask continuously and I referenced the sweeping market order on the russell rebalance day. I doubt anything happens cause I think the hedge funds have paid everbody off including the SEC. At least I can say I did something about it. All I want is a fair market and let the chips fall where they may.
Got reply from Nasdaq regarding complaint I filed regarding CINN and market manipulation. They are looking into the matter. I suggest folks that are interested please do the same. Maybe something will actually happen.
https://apps.nasd.com/Investor_Information/Complaints/complaintCenter.asp
As expected, CINN has been on the bid and ask all day. When will this end?
Now that we have news, let's see what CINN does today. Mgmt is aware of the games CINN is playing. The question is whether they do anything about it. I'm inclined to think mgmt is somehow complicit in the games. The question is why? Please let mgmt know that you are watching the games and ask them to do something. Also contact Nasdaq. Don't waste time with the SEC.
It's already happening. Ask CINN. The breakup value with AVID, Cotara and Bavi far exceeds the $.73 per share. This is why I'm not very happy with mgmt. How many PPHM shares does it take to get one taco and a small coke from Taco Bell? And we're talking about blockbuster potential?
As far as getting together to do something, if things don't improve soon, I would be open to submitting a proposal to sell the company. The stock price is the report card and mgmt gets a D minus. We need to get this technology into folks that can make something happen. The clock is ticking.
Notice the assignee was UT Board of Regents. Hopefully PPHM is involved. I'm a little concerned about the UT relationship and whether PPHM can lose it's agreement by getting a Nasdaq boot. I'm also a little concerned about mgmt doing a backdoor deal where they sell out on the cheap and get rewarded by the acquirer down the road. As long the eyes of Texas are upon you, all the live long day, hopefully mgmt won't go astray. There seems to be some funny business going on with CINN and mgmt seems to be very quiet about it. All IMO.
I used CINN as an exchange and I had to use "other" quite a bit. I also used price and volume as the reason. I stated my case in the comments section.
I filed a complaint with NASDAQ for possible illegal trade activity by CINN. Please do so as well. Maybe if enough voices speak up, they might actually do something. Forget about the SEC cause they are worthless.
https://apps.nasd.com/Investor_Information/Complaints/complaintCenter.asp
A reverse split doesn't bother me as long as it's coordinated with a big institutional push. What bothers me is CINN has been on the bid/ask pretty much all day for months. I think we need a coordinated effort to ask the exchange to look into illegal trading activity. It's one thing to short a stock with the anticipation that it's going down. It's another thing to short a stock to make it go down. I will do some research and find the contacts ie SEC, state regulators, nasdaq. Enough of sitting by and letting it happen. At least shine a light on it. I think the SEC is going to get embarassed by their inaction so they might be inclined to start doing their job.
Impressive resume. She would not be jumping ship for a fly by night on the ropes penny stock. Something's brewing. Note CINN on the bid and ask again today. Mgmt is aware and perhaps a surprise is in the works.
I believe mgmt is aware of the games being played with the stock price. The question is what can they do. Unfortunately the SEC is worthless under Bush. Case in point is the response from the prime brokers in the Overstock case. The SEC does nothing so the behavior is ok. I can't believe the gall. Translation is the hedge funds and IB's pay us more money than average joe investor.
http://www.investigatethesec.com/20070725.htm
My guess is reverse split combined with great news so the thing trades over $7 to $10 per share. All this with a heavy push by the investment bank and analyst to the institutional crowd. This thing needs to be put into institutions hands and the biggest drawback is the price per share. The question is when.
That was 7/15. Looks like a new rinse and repeat cycle has started.
Same old same old. PPHM issues news and CINN shows up at the bid and ask all day. This has been going on for six months. IMO obvious manipulation. Either mgmt is complicit in the game or they haven't done anything to address the issue or explain to shareholders what they are doing about it. My bet is they are on the sidelines and they're cheering but it's not for the home team (aka exisiting shareholders) At least Patrick Byrne at Overstock does something. Mgmt does not return calls. I think we need to let mgmt know we're watching what is going on and we want some accountability. I just want an honest game and let the chips fall where they may. If enough voices get involved and the regulators get prodded by enough people, maybe they might look into it, then the games might stop.
Same old same old. CINN on hand to squelch any uprising. Will mgmt do anything?
Bashers? I don't think holding mgmt accountable is bashing. How do you reconcile all this great stuff and a lousy stock price? Either mgmt is complicit in the games being played or incompetent in getting the story out. BOT, which one is it?
As far as naked shorting, depends on whether offshore entities report which I don't think they do. And it depends on whether brokers report correctly. Goldman was recently busted for marking short sales as longs. As long as the SEC is in bed with the hedge funds, it's the wild wild west. We'll see if the SEC allows the former sec chiefs to submit an amicus brief brfore the supreme court.
What is interesting is R&R, hereafter known and Rest and Relaxation, describe the companies attending their conference by company name and exchange. Will PPHM be described as OTC.BB? The problem I have is mgmt states PPHM is in the best shape ever but stock price is the worst ever. Obviously mgmt can't communicate the story.
T minus 5 for delisting letter. What will mgmt do?
7 days til the delisting letter. Any bets on a reverse split? How is it CINN has been on the ask and bid for the last month or more and we have drifted down. Mgmt needs to go.
When is the shareholder meeting? I really think we need a mgmt shake-up. These guys can't get the race car out of the pit. At a minimun, the CFO has to go. Too many financial blunders. I can't even buy a $.99 taco at Taco Bell with a share of stock.
Several BB OTC companies presenting. RR must think it's important to state company name and exchange. Hopefully mgmt understands the importance. My bet is they move the pps on day 29. In the meantime they keep feeding the bear with cheap shares.
Yea, but the letter comes out after 30 days and mgmt will have to disclose it. Will mgmt use it to transfer cheap shares to their pal?
19 days of pps below $1.00. Today will be 20. Delisting process starts when we hit 30 days. What will mgmt do? What does mgmt want? Do they want to transfer more cheap shares to someone?What will the IB do? Inquiring minds want to know.