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Glad that Abbvie deal was not closed.
Yes it was absolutely great that we diluted the company another 70% from that deal (we had approx (104M outstanding shares) at near all time lows. From recent financing mgmt doesn't share your valuation. All imo.
Why was Cotara removed???!!?????!!
Because it is dead for the second time.
Agreed. You probably can add all the misleading and/or vague PR's the company puts out along with the timing of PR's. Even though it can't or hasn't been proven yet, it is a safe bet they knew about the tainted data way before they say they did. The IR "personal reasons" email kind of supports that theory. I bet it is hard to find a company that after it puts out a PR which should contain mulitple positive points only to have more questions and loopholes after the PR is put out. All imo.
Just went red. It was only a matter of time. Nothing of substance to date.
I didin't realize he has been working for pphm for that long. Thanks for bringing it up.
Seriously, it shows you how long posters have been saying the same thing over and over. Too funny.
And when Feb. 15 came and went with no updated form 13s, again...it made very little sense to me. How could 20 million new shares be issued in a month, 115 million shares trade in February not trigger an SEC reporting requirement? I don't buy into the secret family buying theories, but then another thought crossed my mind that stemmed from the change in King's dialogue from partnership to "collaboration".
In the past Lytle and company would say they sold the pipes to strong investor institutions yet they never showed up on the institution reports. With the shady history of the BOD members and their ties to each other prove nothing is impossible. All imo.
At one point she said it was between Roche and Merck. Then a Roche partnership was coming. Then there was the Pfizer buyout. And the latest was a GSK partnership. Stay tuned.
The above sounds like you are quoting most of the posters on this board.
Wouldn't be surprised if the liver data is not as good as expected. That would explain the pump up to 3 and then the short. So far the shorts have always been right. March madness is turning out to be a dud as usual.
The sad part is everyone talks about manipulation but it is really a lack of execution by pphm. The stock really wants to run as witness to the usual run ups before CC's dog and pony shows and the recent run up to over $3 as people expect a surprise announcement. Once mgmt states their status quo in CC's and webcasts, the stock goes back down. If the news is there then the price will soar as when it went above $5 before the tainted data came out. The problem to date is that it hasn't. Preclinical is not going to get it done. We were there years ago and it did nothing. We have two drugs ready for phase III trials. Time for mgmt to get her done. All imo.
As far as the current BOD goes do we "blame" them for the Series E Convertible financing. I think it was brilliant!
Wow, must have a low guideline for brilliant which would explain your love of the BOD.
ES owns his own financing company, yet for the past years we have been selling ATM shares near record lows so yes the Series E financing is better than the ATM but certainly not brilliant when you consider that they are paying out over 10% in interest and selling preferred shares at $3 when most people on this board on saying the stock is worth billions and at least $20 a share. All imo.
Preclinical PR's will do nothing to the share price. Been there, done that.
Share price up 30% over 8 trading days.
Share price down about 20% over last 5 trading days.
Share price down 30% over 5 years of trading days since Oct 2009.
Share price down 50% from Sept 2012.
March 3 $1.78...today $2.24. Why the whining?
October 2009 at RS price $3.20.... today $2.21 Why should people be ecstatic?
will probably start moving after 11ish today
Unfortunatley you are right but in the wrong direction. Perhaps at end of day in anticipation of more news tomorrow. Very strange it isn't up more with data that is supposed to be released. All imo.
Can we speculate why Garnick was not in the office Friday?
Garnick has phoned in many times on his cell phone for conferences so I don't think there is anything there. We can all recall his lousy cell phone reception on past calls. Remember he is not a full time employee, so he probably is hardly ever at the office. All imo.
Wow. Just got back after being away a week and must admit that the rise to $2.40 is promising. Lets hope we have some substance this time as while it is nice to be over $2 it should be just the start. We shall see next week. Time to catch up on some posts and I am sure of lots of hopium. Should be fun reading.
All the markets are down today...including most small biotechs
Really desperation when you have to keep using the markets are down excuse on market down days. What about the fact that the market is near all time highs relative to pphm share price?
History doesn't always repeat itself!
In pphm's case it usually has. Imagine mgmt running a phase III alone and then history repeating itself. Only a matter of time. The market seems to think the same way.
Prediction: The stock price will not be much higher at the end of this week than it is now. Why anyone thinks a dog and pony show and an earnings report showing millions of dollars of quarterly losses will move the SP is beyond me
Hard to argue with facts and history.
Eye, I already said I agree but it is tiresome to hear day after day that the next conference is the one, or the next CC is the one and nothing ever happens and then it is time to move on to the next conspiracy theory, manipulation theory etc. To have people say it only happened onced before is misleading and not correct. Yes it hasn't happened for awhile but then again nothing has happened for a long time. This company needs a legitimae PR firm, along with a legitimate mgmt team. One of the reasons mgmt decided to get rid of the legit PR firm is they wanted mgmt to do certain things and of course mgmt has to be able to control their news and info and hence the internal lockdown IR/PR team. All imo.
Here is the past and the present for cherry picked Steve King era with internal IR.
Price in March 2010 near the end of Barbara's era $3.50 current price 1.83.
I am sticking to the PPHM S. King CEO period with internal IR (no Lindheim), etc.
LOL! Yes just cherry pick it to whatever you like.
Yes, but without Fast Track Status
Cotara has fast track and has been sitting on a shelf since 2012.
Yes, indeed they did it once before, and this is what PPHM announced the day before that Friday 9th Sept 2011 with the 11:30AM Conference Call:
Are we trying to say this only happenned once before? Please do some research. It has happened many times before and was usually the norm. Just go on website on search news from 2001 on. The whole year 2002 was before market. Very easy to find. While it is better that after market, it doesn't imply we have special news coming or that we only did it once. We used to have CC on earnings that lasted several hours until every question by every investor was answered. Now we hide. All imo.
He's made 100 million 2 to 3 times in his life and he'll make it again with PPHM.
Yeah right. He has made 300 million in his life (a lot already off existing pphm shareholders!) yet he will not finance pphm and allows the company to be sold in the $1.75 range. Of course unless if his buddies still are getting a piece of the pie? All imo.
We now have fast track!
LOL! Cotara has fast track! How is that doing?
Ok so King should have sold out for $1 Billion two or three years so some other good hearted BP could save the world.
All these years people have been claiming they want to save lives. Hey it is find if your greedy, but just don't pretend you care about the science then.
BTW, selling the company for 1 Billion 3 years ago would have been $20 a share. That means just to get to the same point now it would have to sell for about $75 just to get the same value while you lost all that interest. In a couple of years with even more dilution it will probably have to be $200. In the meantime lots of innocent people may have died needlessly.
Those numbers should make a lot of shareholders sick to think what they could have had and where the science would be now with proper funding and mgmt. Keep in mind mgmt just sold another 10 percent of the company for $1.75 compared to "$20 a share" three years ago. All imo.
Frankly, in the past they did not have the data to support better deals. IMO they are only now approaching the point of having the data to support a solid deal.
Supposedly they did have the data to support a solid deal if you believe they had a deal in Sept 2012. Stock went above 5 with a loan to boot. That data unfortunately turned out to be tainted and obviously by the huge amounts of ATM sales under $2 since the "trial was salvaged" the "salvaged data" is not solid. The only thing the salvage trial allowed mgmt to do is run a phase III trial to try to prove that the before data was real. Now the 2 year wait to see not only if the data is good, we have to see if mgmt doesn't screw up in some way again. All imo.
Steve has a far better idea of what is a fair offer than you or I do
Steve works for the shareholders and the shareholders should know if offers have been made. I sincerely doubt one has been made and if there has been it is the only one. No way two BP's make a low ball offer if pphm has the goods. They would be fighting against each other. Hell no BP was willing to buy preferred shares at $3.50.
What does it say about a fair offer if SK is selling huge amount of shares at $1.75? I guess he doesn't think $2, $3, or $10 is fair. All imo.
ststephen another great post that is more accurate and believable than any rah rah post or list of things to come that has been posted here for the last 5 years. Sometimes things are what they are because it is what it is. Think of all the patients that have been let down by mgmt.'s greed if they indeed have the goods and will not partner to move the drugs forward. We already have Cotara sitting for the 2nd time on the shelf. Who knows if Bavi will be next. How people could get excited about AACR poster presentations when we supposedly have two drugs ready for partnering is really unexplainable. Mgmt publicly stated the coding errors to me means nothing is coming out of the lawsuit. Just an unfortunate error that cause shareholders lots of pain and gave mgmt two more years to collect salaries, bonuses and options. Your post should be a sticky note to balance the story. All imo.
In September 2012 King did a presentation where he exhibited real enthusiasm and confidence.
Maybe he really believed they had the holy grail at that time and now he is just hoping? Does seem strange that the spokesman of the company isn't as excited as before. All imo.
You left out the commercial product hoped for by mid 2012. Did I miss the update on our China subsidiary?
True but that is usually not smart investing and does not hide the fact that mgmt has not increased shareholder value. Why should investors have to average down when mgmt doesn't? Stop making excuses. Bottom line is the $1.85 share price is pitiful along with Cotara sitting on a shelf for years now after spending so much money on it. All imo.
Price over four years ago at time of Reverse split was $3.20. Stock price now is $1.85. That is not progress for long term shareholders. Mgmt has not created shareholder value to date. Those are facts. All imo.
You left out that in order to have the cash in the bank that mgmt had to sell once again another 10% of the company in the $1.75 area and had to lower their preferred share price to $3 along with paying 10.25 interest. You have to give the cost of the money in the bank to be objective. It is also means that most likely mgmt has no choice to go it alone as there is nobody willing to partner at this point. All imo.
With all the cash PPHM has now it would be money well spent to get him some serious coaching on how to make effective presentations, especially with all the events coming up
It would be even more cost effective for pphm to hire a real COB and put some real members on the BOD with the money they have. It would also do wonders to have a real PR firm instead of a former IHUB poster and whoever else they have. I think it is hard to argue the price would be hire with competent BOD members and not the shady ones we have with ties to each other. All imo.
17mil shares were sold via the ATM at $1.75. We closed Friday at $1.83. That's a 4.5% increase over the ATM sale.
Agreed the share price is holding up well but the stock price was soaring to above $2 while they decided to hit the ATM machine. They seem to want to sell at every opportunity. Hopefully there is no need to sell more ATM shares but the upcoming dog and pony shows have in the past not been very productive as the lack of partners to this date have proven. All imo.
I think they would have the SEC all over them if they disclosed information at a conference that they did not make public immediately, not to mention the shareholders. No way they would risk that.
Remember this is the same mgmt team that announced that Carlton Johnson is the new COB at a shareholders meeting and a shareholder present had to remind them that they had to issue a PR stating that. Supposedly they all look at each other dumbfounded. Imagine missing the opportunity to announce the great addition of Carlton Johnson to COB knowing what he can do for the company. I imagine he is still trying to get to the bottom of the tainted trial over 17 months later.
This is also the mgmt team whose IR team allegedly told an investor that they were pulling out of a conference for personal reasons and then about a week later the tainted trial PR was issued. Long story short is that this is not a seasoned mgmt team as witnessed by them always dragging the share price down by using the ATM and not releasing PR's while they are hitting the ATM. All imo.
I will bet they tried going with a forced takeover with only 2 billion on the table which would have meant $20 for each PPHM share
So you want us to believe that mgmt rejected a $20 a share offer and instead sold 10% of the company at $1.75 and then offered preffered shares at $3 even though they could have had 20 dollars? This is even more far fetched than the Fargo and Roche Family conspiracies here. If true, I can see how the lawsuits against mgmt haven't been settled yet. All imo.
While they were having a cigarette, PL must have slipped out to call for the ATM!
All this delay and guessing is because they know
that this HUGE platform has an astronomical value
and it is hard to place decimal point in the right place,
thus difficult to establish proper value.
MGMT seems to think the value is around $1.75. Why else would they sell another 10% of the company at that price when stock was climbing and over $2. Logic would think that mgmt thought they better sell the ATM shares while the stock price was climbing and the stock price was not justified. Why else would they kill the share price? All imo.
And after all those words the stock price before was over 5 and now lingers under $2. If they are indeed talking the deal is not as good as before.