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Wow mgmt is finally listening to shareholders and allowing the share price to drop so they could all buy more shares (not mgmt of course). This is great news! However, it may be prudent to wait till after the CC when more vague references are made and the price will fall even further. This is the time to be brave! All imo.
Actually the contrary. I know at least 300 of them are covered calls which means they don't expect it to go over $2
Is It Possible For CC On 21st AfterOptionsExpire?
Who cares? The CC's are and have been non events since this regime has taken over. In the past Legere would not end the conference call until all questions have been answered. This team refuses to answer any. As usual the price will go down after the conference call, yet there will be millions of interpretations of trying to decipher cryptic messages made by mgmt which none have come to fruition to date. All imo.
Hope the funds settled in everyone's account over the weekend. This is a once in a lifetime buying opportunity. You can buy today at $1.82. The stock could be $50 tomorrow you never know. I believe though one would be better to wait till after the usual CC meltdown after it is realized that nothing new has happened, mgmt sold ATM shares in the $1.80's instead of the $2.80's which they had the chance too. Hopefully Garnick's cell phone will be connected. I wonder if mgmt will write off the bounty hunter's fees who are out looking for Mary Boyd and Worsely? All imo.
Looks like another day of no significant news. Despite the many theories, gut feelings and hunches, pphm is still 40% below the RS price of $3.20 while the IBB and market indices are either at all time highs or near all time highs. Doesn't seem anybody believes the hype so far. So much for SK's words of wisdom that pphm flows with the ebb of the market. Then again SK's words for the most part have been noise to date. All imo.
I'm glad we have no news !
Yea that's the ticket. I am also so glad the share price is only $1.88 while the market is at all time highs! Now everybody can get money into their account over the weekend to buy some more shares before we hit $50. We can only hope it takes another 10 years.
If it was #2 I'm sure our share price would not be where it is right now. Something would have leaked.
So there will be no leaks if #1 was true. So there are only leaks with bad news?
And you are 100% right about selling ATM shares. We know 2.7 million shares were sold between March 4 and June 13. If they even sold 1 share between June 13 and the July conference call sub $2, I will be outraged as they could have sold 40 million shares at $2.50 and announced the termination of the ATM. Yet conveniently on our run up the ATM was strangely out of operation.
So, I'm guessing they have some news that will help tier the next set of preferred at about $5 after the common trades around $3 for a bit. Or they are thieves. There's really no middle ground here IMO. I'm betting on the first option.
Couldn't agree more. The only other logical reason for not selling the ATM in the $2.50 to $3.18 range would be that their buddies did not want it at that price. You have to know you need to sell stock from here on in. I predict at least 5 million dollars will be lost in ATM profits due to either mgmt.'s ineptness or deals with their buddies. Can't see anybody accepting the preferred shares when they are selling above the open market. We will see after earnings. All imo.
At least it's in the $1.80's - $1.90's now.... They could still be selling in the $1.60's - $1.70's
They should have sold all they needed in the $2.50 to $3.18 range when over 60 million shares traded. Think of all the money lost because of their ineptness. All imo.
I like it!! Means something is brewing (something we don't want to share right now)....
Yea something is brewing that we don't want to share but we will continue to sell shares in the $1.80's rather than increase the share price to get more money from the ATM. Yeah that's the ticket.
It really has to be difficult for IR/PR and mgmt to keep the lid on this stock price while the IBB continues to rise and the market is near all time highs. Great qualities to have. All imo
Today's Chart looks Like Friday...EndOfDay ShouldBe Nice
Better luck tomorrow.
Peculiar that it has been silent on the comparisons to the IBB index recently. You figure with all the great things that supposedly are happening soon that pphm would be outperforming the IBB. Near all time record highs for the market and yet pphm is still 40% below its reverse split price after five years and things happening soon. Fear not, as mgmt is once again allowing time for shareholders to get money in their accounts before the holidays so they can purchase more at these bargain prices. Never mind mgmt is selling ATM shares once again in the $1.80's after 60 million shares were sold between $2.50 and $3.18 and mgmt had the opportunity to get all the money they need. They must be trying to fake the market out and keep things quiet. All imo.
Gonna be one of those disappointing pphm days!!
Yet another weekend of endless hopium only to be followed by realism of another day with no news. Don't despair things will change soon!
Complaining about dilution while the share price increases
Plain and simple, without dilution the share price would be over $4 with the same market cap. $1.92 is still nothing to brag about when the reverse split price was $3.20. Lets get over that hump first if possible. After over 4 years since the reverse split pphm is still down over 40% when the market is at all time highs. Up 80% for this year and still down 40% since the split shows just how badly pphm has underperformed over a long extended period of time. Great for people who just bought but not a ringing endorsement of mgmt creating long time shareholder performance or their performance over their reign to date. That may hopefully change but to date it is all just hopium and failure to execute the rise in share price to date. All imo.
Next week good time to run the ATM
The time to run the ATM if it was needed was when over 60 million shares traded between $2.5 and $3.18. As usual poor planning and timing by mgmt. Unless of course there is actually news of substance next week but if I recall the same hopium was around last weekend. All imo.
Strange in the financial impact that it doesn't state that they lost a potential partner in ABBVIE. I would think you would want to mention that. Also, in reality 12 million in damages or the extra 20 million in phase III costs is nothing compared to the loss of about a 150 million in market cap and over 2x the amount of outstanding share dilution it cost the company. All imo.
Then of course he may ask you how a shareholder that has shares at 1.20 to 2$ gets diluted when preferred share holders pay 3$ per share (25$/8.3 conversion).
I sure hope that is not a real question!
Unfortunately, I think he is looking for Nicole Brown's killer first.
Just think, he still has to find where Mary Boyd ran to after she hit the ground and then Steve Worsley who was sent after her! All imo.
We know they have a plan and I'm looking forward to how they bring in some value that will make the shareholders happy.
Really? how do "we" know they have a plan? Have they outlined it? The only plan so far is to miss guidelines and projections and to dilute shareholders at lower prices than they could have gotten. Please list the detail plan that mgmt has laid out that "we" all know about. Over 60 million shares were traded between $2.5 and $3.18 and mgmt is now selling ATM shares in the $1.80's.? Yep this should make shareholders happy.
Yep, ES putting Carlton Johnson as COB tells you all you need to know about the credibility and motives of the company.
I have a gut feeling that with this huge 3 cent run up we are going to have news soon!
Your talking to much common sense. It is actually better not to release PR's while you are selling ATM shares and not to comment that you rejected offers for your company because they were too low. No way, it is better to sell the ATM at as low price as possible so shareholders can buy more as they wait to transfer funds in their account. It is all part of the master plan! Mgmt is trying to make you more money! all imo.
but I know people don't trust mngmt.
Yet the pro mgmt people don't believe just adding a board member or changing the board would increase the share price immediatley. Imagine instead of placing the puppet Carlton Johnson as COB they actually placed a credible COB years ago what the price may be. I guess the price doesn't matter when you have been and are still selling ATM at low prices? Dilution has actually helped mgmt obtain more options at lower prices so they have no care in the world how fast it moves or getting the science to the dying patients at a faster pace. All imo.
Regaining credibility INVOLVES delivering impeccable work and build on your relation with investors, the public and wall street. Not in taking an attitude.
In order to regain or to actually get credibility mgmt actually has to start telling the truth and actually complete their own projections and timelines. It has been pitiful at best to date. All imo.
If you look at the stock price for the year 2011 it is significantly higher than 2012 in which the stock was below $1 for most of the year except for the run up to the tainted data. In 2011 the stock stayed in the range of 3 to 2 dollars for a full six months until its decay to $1. 2012. In 2012 a period of six months stock .50 to .80. So much for progress.
I told him that the CEO had just purchased almost a million shares in the open market
I don't recall SK buying a million shares in the open market recently. In fact he doesn't even fully participate in the discounted stock plan. I know, I know he has a lot of extra expenses now especially bringing people along on trips as I am sure shareholders didn't pay for that. All imo.
and the second generation Bettabodies
LOL! Here it comes already. Getting in peoples head that the next generation will be it! Rinse and repeat.
up 2 cents, partner on the horizon?
Well to really be sure we would have to get a video and audio feed into pphm's office so we can read the body language and hear if mgmt is jovial or not. Of course we would first have to locate where Dr. Garnick and the rest of the consultants are so we can read their body language. Hopefully we don't have to read Mary Boyd's since she got squashed when she hit the ground running. Maybe Worsley and CJ are still looking for her and that is why no deals have been done and the data mystery hasn't been solved. All imo.
Why don't you let that go
Huh? I am not the one who keeps bringing up the not proven in over 18 months sabotage theory as the excuse for mgmt. You are correct that shareholders got hurt the most. Mgmt actually has prospered since you considered they got more options at cheaper prices, collected their salaries and bonuses and still have not increased shareholder value. All imo.
Playing the victim is tedious
Yet we still portray pphm as the victim in the yet unproven "sabotage" which supposedly took place over 18 months ago. LOL!
$1 Billion Market Cap:
180 Million Shares = $5.55/share
200 Million Shares = $5.00/share
325 Million Shares = $3.08/share
You need to stop since you are making too much sense with real scenarios not theories and pie in the sky projections.
Progress? What progress....who is kidding who? Phase III and FT. What was the FDA thinking!!
Cotara has PhaseIII, fast track and orphan status. So what?
Can't be too big news if they can only sell the preferred shares at $3. Now if they were just going to use the ATM above $5 then perhaps but then why give out the preferred? Unless the wheels are being greased again. Maybe mgmt is feeling lucky that the lawsuits can't stick. All imo.
Yep. 8am come and gone and no news. Of course there is always the afternoon bombshells that mgmt has been releasing lately. It didn't take long for the mgmt crowd to spin the latest dilution positive didn't it. News was so positive that mgmt has to hide it in SEC filings after hours on Friday. Yeah, that's the ticket. Only positive is that some volume has to be created so mgmt's buddies can make some more money. All imo.
The only positive is that there has to be some news coming that will allow them to hit the ATM. Bad news is the ATM will drag the price down. If they used the ATM when the stock was near $3 and 60 million share volume then there would be nothing to hold the stock down when/if the news hits. Just bad financial mgmt period. Again this all with ES as a member of the board and owning a financing company.
Yes of course. Why release an ASCO PR to get the price up when you are selling shares? I said right after the 60 million share week that mgmt better have unloaded as many shares as they needed if they were going to use the ATM in the future. Why can normal people plan ahead and Lytle can't. Just plain ridiculous.
Looks like they hit ATM for a few million shares
Just more pure incompetence and anyone who does not agree has to be friends of mgmt. Mgmt had the chance to sell as many ATM shares when the stock rose from $2.58 to $3.18 on over 60 million shares. The incompetence is amazing. All imo
So then it is nothing more than company greed which has no problem in slowing down the science or a potential failure, sabotage etc.... Again, if they don't like the price, they can just buy stock in the acquiring company without the risk or delay.
You forget one another thing. We would have a few new posters with the handles "superfrustrated" ; "stillfrustrated" ; "frustrationcontinued" ; "veryfrustrated".......
Now that is funny and probably true!