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The defendants filed their answer to the amended complaint on February 19, 2016. We believe that the Amended Complaint is without merit and intend to vigorously defend the action. In addition, due to the early stage of this matter, we cannot reasonably estimate the possible loss or range of loss, if any, that may result from this matter."
See my first post of 10/11, which includes the language from the SEC filings. I believe that this is a different suit than the one that was recently argued and awaiting the courts opinion.
I believe that King referred to this one as being in its "early stages", or something to that effect.
While (IMO) there is much truth in your post, my belief is that the past actions of the BOD's, in addition to current lawsuits, provides a strong disincentive to any major players who may consider investing or partnering.
I would bet my bottom dollar that unless huge sums were offered, King and Co. would refuse to give up control of the Company or any relative control of Bavi.
If one could remove past actions and legal difficulties, I would agree that big BP would be willing to place a reasonable offer on the table. Unfortunately (IMO), that is not the case and PPHM will receive no lucrative offers without concrete proof of Bavi's ability. I think that the time to do a big money deal has been squandered by current Management.
This does not reflect my hopes, only my perception of the current situation.
It is clear from the financial statements that they are a scam.
Gross income is trivial, however they further trivialized expenses so as to appear to have a net profit. If memory serves me correctly, expenses were less than 10K per quarter.
Where is rent expense? Officers salary? Shipping costs? Company vehicles? Utility expense? Repair and maintenance? Attorney and CPA (Professional) fees? Employees salaries? Accrued taxes and insurance?
The statements are fraught with typographical errors.
If these things are not enough to convince ANYONE that this is a scam then there is nothing that can be said here that will change their mind.
Do a search on Universal Apparels Company and you will see that they are not DKGR.
Their US base is in Illinois and they specialize in women's lingerie and business suits. The company produces its own clothing and is based in Bangladesh.
This all came from the link that you provided.
DKGR is not a clothing manufacturer, supplier or retailer. They are a share peddling scam that is worn out beyond belief.
If the SEC, the DOJ or any of our other governing agencies were worth a salt businesses like DKGR would not exist and the fraudsters that run them would be in jail.
As a side note (in response to all of the posts about reputable financial statements and profitability), it is clear from the financial statements that they are a scam.
Gross income is trivial, however they further trivialized expenses so as to appear to have a net profit. If memory serves me correctly, expenses were less than 10K per quarter.
Where is rent expense? Officers salary? Shipping costs? Company vehicles? Utility expense? Repair and maintenance? Attorney and CPA (Professional) fees? Employees salaries? Accrued taxes and insurance?
The statements are fraught with typographical errors.
If these things are not enough to convince ANYONE that this is a scam then there is nothing that can be said here that will change their mind.
The Icing on the Cake? Take a look at past history and the value of a share today versus pre-split.
Chances of making money here are less than that of buying a lottery ticket.
Do the search with or without iHub and all you get are posts to message boards.
No articles from any reputable sources emerge, which to me (IMO) signifies that no facts exist to support this theory (at least not in main stream media).
While you and I have differing opinions on huge potential profits, I do agree that a buy in the $8.50 range is a good investment if you are willing to hold a little while.
You might see $9.50-10.00 in a short period of time but if not I think that you will see it within 12 months.
"AND....uh, if there was no $2 MILLION LARGE PAID BY PPHM to NCCN, then NCCN wouldn't give a rat's behind about PPHM or Bavi-magic or anything else PPHM has"
Please see my earlier post in regard to this.
This is simply not true.
If NCCN did not see potential in Bavi they would never have entered into this agreement.
They will spend tenfold what PPHM contributed.
Whether it reaches "fruition" is still up in the air.
CB, I am not studious enough to research to the point of determining this, but I get the impression that the money paid by PPHM to NCCN was more of an "initiation fee" than a tab for the cost of future studies.
I don't think that $2M is enough to fund the studies. Granted, they may receive additional compensation from the other collaborators to offset the costs but I don't believe that the money PPHM paid is slated to cover the cost of investigations and trials.
I don't know the answer to that one, Hope.
Lord, I do WISH it equated to profit. I'm still way down but holding all of my shares.
At this point I will accept a total loss (hopefully not (no pun intended)) before I sell and recover a fraction only to see them recover and succeed.
I am not asserting it, I am responding to the implications expressed in many prior posts that there is some connection between being in "the top ten read boards" and the future potential success of the company represented by that board.
It means nothing, IMO, in regard to the success, or potential success, of the company, which can be validated by past history.
Hope, I DO want to see this stock succeed but I also agree that there is no correlation between the number of posts on this board and the price performance (or future performance) of PPHM.
Having a lot of attention here has no sway on King or the BOD's.
Geo, there is already a derivative lawsuit in progress. I think the Filings said it has been out there for 2-3 years.
See my post from a couple of weeks ago.
I think King said something (recently) about it being in its "early stages" or something like that.
If you think that top read boards equate to profit, I invite you to build a portfolio of the top ten read boards and then sit back and reap the profits!
Let me know how that turns out.
My TDA on PPHM is showing all articles.....
I share your hopes!
You aren't missing anything Chey.
You are correct.
Hope, to call the POTENTIAL R/S nonexistent is, IMO, not a realistic assessment of PPHM's current situation.
To publish it, put it to a vote and to have it pass is by definition a very realistic and possible scenario.
Bio, again, I respect your great loyalty and enthusiasm, but what you suggest does not exist.
No Company in the world has ever done such a thing, and given our track history, even if they did, no one would believe that to the extent that it would affect the stock price.
Keep digging for those puzzle pieces and dots, you bring relevant info to the board, but keep it realistic.
So what you are saying is that they designed the trial to fail so that they could look at the failed results to glean information about moving forward?
Brilliant!
Too bad that we didn't have that insight when we designed Phase II!
Hey Vegas, has the barge carrying the Gold Mining equipment for the Georgia Tract arrived yet?
Remember? I think that there was even a leak about nuggets found in the tracks of the truck tires after climbing up to the claim.
MasterCraft? I know you remember. You were here then and are much too smart to have forgotten that one.
Is our barge still plying the seas?
Thanks eb, that makes sense.
I thought I remembered King saying something to this effect on the CC. I thought he said they even had the equipment ready but were trying to finalize the lease?
He was just telling us what he heard.
Thanks EB.
Very interesting, thx.
I voted nay here but I always assumed a non response would be an abstain.
That is ABSOLUTELY not true.
CJ, I was a business owner for a long time. When I scheduled a meeting for 1:00, it started at 1:00.
Yes, a very minor detail but the little things portray the bigger ones.
It doesn't help their credibility that they can't even start a meeting on time.
Thanks Hope, and your post is not fruitless.
What you see in me as "negative" (ity) to me is realism, just as I see in you a position of positivity that I cannot understand or equate to our (PPHM) situation.
Difference in opinion is what makes our world go round!
It is not in my best interests to see PPHM fail, but I've been around the block and this is not my first rodeo with this type of stock. I still believe in success or I would have sold and moved on but I won't wear blinders and ignore the negatives here and blindly praise our future.
with stocks such as PPHM.
Hope, you totally misunderstood my message.
I don't have angst or anger towards PPHM or any poster here that I have differing views with. I'm a big boy and take full responsibility for my investment in PPHM.
I know I can't change anyone else's opinion and don't want to but it frustrates me a little to see anyone that either takes a pure positive or pure negative side without consideration of the facts or alternate opinions.
Why do you believe that?
Because of blinders that prevent any contrary opinion to be ignored?
I hope as much as you do that this goes to he moon but not looking from all angles and refusing to consider negative opinions prohibits an investor (IMO) from seeing our situation as it really is.
Ever read the story of Chicken Little? This is REAL dollars we're talking about, not Monopoly money or a fairy tale.
It's only worth what someone is willing to pay, which is 38 cents!
Talks of anything else is pure speculation (and comical) given the blunders and lack of progress to date.
I agree with Corp.
PPHM's Actual Value
38.2 cents per share as of 9:58 AM.
There is the undisputed, unarguable value of PPHM.
Last week, the burst was coming on Friday.
Today, it is coming "this week".
Next week, where will it be coming from?
That may be true, but at this point in time, that has nothing to do with Bavi or PPHM.
Yes, adequately for 99.99 % of the investment community!
I think that they were answered yesterday and today.
Yes, initial and ongoing work as well as fruition!
And a twelve year old 3 wood still works too but is 40 yards short of the modern day alternative.....
Bio, I don't condone or condemn this issue, nor am I focused on it.