I hope you are right but have to think that if partnership news was leaked, we would have seen much more than 250k volume and a nickel increase in SP

GLTA

I'm referring to a statement that Dr. Brekken made during the question and answer. I could be mistaken but I think it was in response to one of ku's questions. Perhaps he remembers and could confirm. If not, it could just be my old brain as horselover said.

I heard that conversation as well. You are not losing it, lol. I don't remember the timeline but I do know that it was said.

GL

My brain is also old. I do remember something being said about that in December but don't remember a date. The 4th seems to ring a bell about something but I think the comment was sometime in December.

GLTA

I will play a little longer. I wish my home was in Tustin and that my back yard extended as far away as Fargo! If that were the case, I wouldn't need to spend time thinking about a few shares of stock.

No one likes losses, but my bet is that in a year or two you will look back at $5.00 per share and wish you would have purchased more. In the mean time, I sold most of my shares at around $1.42 and purchased them again today at $1.18. Perhaps the share price will go sub $1.00, but I don't think so. I will sell on the moves up and buy on the dips until I feel we are closer.

GLTA

I agree!

That is if your oil exploration company had a third party that mixed up test results and then when you realized the error and reported it promptly, your investors began to sue you. During that time, you began testing the mixed up muddy water on your own and found that it IS in fact black gold!

GLTA

Just to be clear, you might want to use a more stringent vetting process in choosing your sources for information. Though I didn't hear SK mention a dollar figure, I believe Michael if he said he did. But I did hear SK say "astronomical value" when speaking of a successful phase 3, going it alone. Wouldn't it be reasonable to assume that astronomical would be in the hundreds of billions given that our current valuation is in the hundreds of millions now?

You usually post with plenty of support information or with logic and reason. It is unlike you to imply that you have specific knowledge of something and be so wrong. On a similar note, I thought your In and Out comment was odd as well. If you were at the ASM, why hide it? If not, why imply that you were? I think I fall into the camp that thinks the same person is not posting as CP recently. I have no proof nor inside information about this, it is just my opinion.

GLTA

Everything that Gandolph commented about the ASM has been very accurate. I did not hear SK mention a dolllar figure but I did hear SK say "astronomical value". Given that our current valuation is in the low hundred millions now, I think it is a fair assumption that "astronomical" would translate to many billions.

Jeff

Not really much more that I can say. I heard what I said but perhaps he had other reasons for saying it that he didn't express to me.

As I mentioned, I didn't take notes and voice recorders aren't permitted. I just felt that it is important to report back to those that didn't have the opportunity to go. I did my best to be as accurate as possible. All in all I felt very good about the confidence level in general. I was particularly impressed with King and Brekken.

GLTA
Jeff

A shareholder asked Carlton Johnson in the Q and A about his comment last year that "they would get to the bottom of it". He said that in fact they would and that several agencies had been notified of a number things. That they really are being held back on commenting further until after Nov. 26th, assuming the class action is dismissed.

I would also interpret that to mean the Steve King and co. are limited as to what they can say at this time. I certainly had the feeling that they are bursting at the seams to talk about it. Pissed off they are...

GLTA
Jeff

I was taken back by the comment at first also. But then listening more, I really think that they are so confident that Bavi works and in their abilities that they feel no need for a partner to complete a successful phase 3 trial. If it is PP alone, he feels they can handle it just fine. Given his track record, my bet is that he is right.

Steve King mentioned that initiating a Phase 3 alone would give them much more leverage in negotiations, I think he is right as well. Also, in the Q and A he said that they have taken steps to really go overboard with procedures to ensure that the Phase 3 would would not have the possibility of having discrepancies such as those discovered after Phase 2.

As for the jazzed up feeling last year, I think what happened after phase 2, was a game changer.

I suspect they will beat the drum a little more after Nov. 26th, assuming the class action is dismissed. But even then, I think what King told me is right. saying that you have the next best thing is meaningless until the science is truly validated., and that takes time.

I just just think that the time horizon is longer than I had first hoped. Again, no big deal to me, but there are certainly many here that have heard that story before.

As Wook would say, "that's my story and I'm sticking to it"

GLTA
Jeff

Just left the ASM and will share a few of my takes.

Q and A and the before and after meet and greet made the trip worthwhile.

I had a very interesting conversation with Dr. Rolf Brekken. He is truly excited about Bavi. Certainly left me with a comfortable feeling about the potential.

Both before and after the meeting I was present and listening to comments I made by Dr. Garnick. When asked about the helpfulness of having a BTD, he really downplayed the importance of it. With all the the comments on this board about whether they have it or not, I feel certain that we do not. He also made several comments about partnerships. He feels that partnerships rarely work and that having a partnership prior to beginning phase 3, would only slow us down and complicate matters. Clearly, he is in the camp of go it alone and either partner during the trial or not at all.

Spoke with Steve King for a few moments. He was confident yet understandably guarded in his answers to my questions. I asked about his feelings for the need to do a better job of getting the word out about what we have. He explained that this is something best done through the scientific community. That regardless of whether they yell from the roof tops, it requires that the word to be spread through the medical and scientific community in order for it to mean anything. That this is a process that is now beginning to occur, even more so now that they have better identified Bavi's MOA.

A question was asked about a phase 3 early look in. Shan responded that it is important to not do it too soon or too late. Too early and you perhaps don't have the patient far enough along to give important results and too late, why bother. That the decision will be made as a certain number of patients event. That obviously leaves the timing of an early look in very open.

For whatever it is worth, I left with the feeling that there isn't much point in watching the share price on a daily basis. That we have something incredible in Bavi and that they clearly know what they have. I don't feel they are being overly greedy in waiting for an unrealistic partnership offer, but won't make a deal that doesn't reflect the true value either. I think we are not just another conference away, we are a solid year to two away from seeing the needle move. For someone like myself who began investing after Sept. 24th, 2012, I'm happy with waiting and continuing to accumulate on dips, which I suspect will be many. As for the long time shareholders, my sympathy and sincere hope that you can wait a couple of more years.

I will add more later if anything else comes to mind.

The comments above are from memory as I didn't take notes and the rest are just my opinions.

It was a pleasure meeting you Mike, I look forward to reading your observations as well.

GLTA
Jeff

Now that is funny! LMAO

The holy grail, and it's all hanging in the balance of a ballroom?

I don't know about Bavi being the holy grail, or in your words "the fountain of youth".

I do however find it very interesting the need for the ballroom. No need to twist words, I don't think anyone said we were hanging our hat on it, just that it could mean that there is an important update coming. JMO

GLTAL

Flying first class??? Oh, the horror of it all. We should all sell on Monday!

John,

I for one would be very interested in hearing more about what you discovered, if you would be willing to share.

GLTA

LOL, I also hope that halt comes soon!

CP, I will take your word for it, I didn't read all of it.

Yes, wouldn't it be wonderful if the BOD would caress our foreheads and let us know that monsters don't really exist, bring us warm milk and tuck the covers around us again. I also wish they would email me with the details of partnering discussions so that I could give them my opinion. But this is business and we are retail investors in a biotech stock, time to put your big boy pants on.

They have accomplished much! No need to rehash each point.

GLTA

CP, if you don't mind my butting in....

I agree with you in your comment about the Silverback nonsense. But I didn't think that the PPHM or SEC paperwork had anything to do with proof of how many shares owned, just about length of time holding shares and lack of proof of account statements. Isn't that correct?

I have no idea how many shares MD/Silverback owns, but I don't think that you can be sure either. I would agree that when someone constantly gloats about how much money (shares) they have, you can usually divide it by 10 and have a more accurate count.

Either way who cares. I just hope that all of us that own shares, regardless of how many, makes a fortune!

Also, I completely agree with your recent posts in support of management and the BOD. This has been an incredibly challenging year and more than ever they need and deserve support form the shareholders.

GLTA

Not if Peregrine has some sort of conditional BTD as some here have speculated. It would make sense, wouldn't it??

If Peregrine had a BTD or other juicy plum, why on Earth would they keep it quiet. It would be a huge bargaining chip with a potential partner, don't you think?

Wouldn't it make sense to keep it quiet long enough for some additional sales via ATM and allow for more accumulation by an interested party at a low share price?

Im not saying that is the case, but it would make sense, wouldn't it?

I will be traveling to the ASM, arriving a day early and would like to have the opportunity to meet some of the fellow longs that regularly post on this board. If anyone has an idea how I could best accomplish this, please let me know. Perhaps lunch/dinner.

GLTA

My main point is not being able to obtain a loan is not an accomplishment worthy of increased salaries and bonuses

Where do you get your information from? When where they not able to obtain a loan?

No creditors at all. Had one, screwed up, lost it. I don't believe they could get any remotely decent terms. GE and Exxon have a bunch of creditors. They must stink. Not being able to get a loan is not a positive in my mind.

Could you please elaborate more with respect to how you feel they screwed up? Are you suggesting that having a loan called because of the dose switching, is also managements fault?

Until we have all of the information, I think it is very natural to have concerns. I believe we are sitting at $1.37 because there is a degree of uncertainty. However, I feel very comfortable the risk/reward ratio. Assume that no partner is on board by Feb. 2014 (I use this date as an example because I think KT mentioned it as being willing to wait and watch until then). What do you think the share price will be? Perhaps as much as 30% lower? Now assume that a a partnership is signed and we retain US rights. How much will the share price be by then? 300% more or higher?

I also have lots of shares. Not more than I should but more than I will want if in Feb. 2014 the SP is hovering around $1. But I really believe that all of us will wish we had more shares when that date arrives.

Either way, my bet has been placed and I choose to remain completely optimistic and fascinated by what I feel I can continue to learn both about the science and the market from so many brilliant people that post on this board. I won't mention names for fear of omitting one or two, but you know who you are. There are several other biotech stocks that I invest in and can't bear reading the ihub board with one poster after another slapping up one liners.

GLTA

I don't think that anything is preventing Peregrine from closing a partnering deal. They have stated that "there is increased interest amongst partnership discussions". What more could they say? Should they announce specifics of the negotiations? I think not. I think that after all that has happened in the past year, it is best to remain silent and get the job done. IMO

My feeling, based on the confidence expressed and hiring, is that we are very close.

I will be at the ASM this year and look forward to having the opportunity to see and hear for myself, and hopefully be able to gain better insight as to how near we might be. This is of course assuming that we don't have news before then ;)

GLTA

I believe that would be when we decide to short.

IMO

I for one will be voting my shares in favor of all of the proposals. I too believe that something very positive is on the horizon.

GLTA

I plan to attend the ASM this year. My understanding is that it is scheduled for Oct. 17th, can anyone confirm? Also any information about the location of the meeting, time, etc. would be greatly appreciated. Thanks!

GLTA

Ayer announced that they would be liquidating the majority of their positions immediately and would be completely liquidated by the end of the year.

I have done the same with my shares as well. I just added another 10k shares and all have a $15.00 GTC 60 day sell order.

GLTA

I just picked up another 6500 shares, another buying opportunity!

GLTA

In my experience, complaints are by design worded to be very damning, it doesn't mean that it is true.

I enjoy reading most your posts and can certainly understand your and others frustration. However, we either believe that something big is coming and wait or we sell and move on. I'm stating the obvious but I think too many are following this stock entirely too closely. So many posts on this board (not a reference to you) are ones that celebrate or complain every time the SP moves .05 in either direction. Who cares! Unless one is day trading this stock it makes zero difference.

I for one, will continue to accumulate, but will stop buying call options :( If in a year, we are still hearing promises and have no partner, I will lick my wounds and move on. But I do believe that we will see a partner by years end and all of us longs will have much to cheer about.

Best to all longs!

The 3500 shares at $1.51 was just me adding a little more.

GLTA

Thanks very much for sharing this!

GLTA

I don't mind it at all. If it dips below $1.50, I will add more!

The longer the pps is held down, just gives me time to set aside more for PPHM

GLTA

I just updated my message, $16.00