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Its obvious Peregrine has been in talks with "several" and probably "many" Big Pharma types and it will all be speculation except for the very final one that makes them the offer.
Can you explain in more detail how it is obvious? I believe it is obvious by the low price of the huge ATM usage and the conversion price of the preffered shares that if there were indeed talks going on then it is not going well or there is not a bidding war between two pharmas. "Many" big pharma types and yet mgmt gave away another 1o percent of the company in the $1.70's and couldn't even get $3.50 for the preferred. Unless of course $3 is the worth of the company. It is alleged that mgmt had a deal with a pharma before the tainted trial and yet at that time the stock went above 5, yet with all the obvious things going on now the stock is $1.75. Go figure. All imo.
We have lift off!!
Was lift off aborted? Sign of desperate times when it is a big deal to be up 6 cents yet people are told not to worry when stock is down the same amount or down from RS stock price four years ago of $3.20. I guess that is progress.
Why pushing so hard? Real time quote $24.72 volume 5,610.
Are we really back to getting excited about AACR presentations? Amazing.
Hugely disappointing that it took 200+ investors to fill the 700k shares
That is an understatement when you consider all the chatter of huge accumulation, partner on board etc.... The only good thing is it has quieted the hopium until at least the stock goes up another 5 cents and then all the pie in the sky rumours will surface again. Reality settling in that there is no partner and the mgmt is forced to going it alone and they can't even get $3.50 in a preferred stock arrangement even though we are worth $60 a share :)All imo.
My guess is that given that the fiscal year was ending Janury end, they needed enough cash on hand for the current fiscal year that started February 1, 2014
Geez, basic facts are that pphm fiscal year ends at the end of April. We have to stop with the excuses and wild guesses.
Any deal now will be much better than even the most generous ABBV deal could possibly have been.
Well current stock price plus giving away another 10 percent of the company in the $1.70 plus the pricing of the preferred shares sure doesn't support the above statement. BTW pphm was over $5 if you believe it was because of the ABBV deal. Stock price now $1.71. All imo
The company seemed adamant January was going to be the start date.
SK was also hoping for a commercial product by mid 2012. Carlton Johnson was supposed to get to the bottom of the tainted trial. SK also said pphm flows with the ebb of the market. Mgmt's words are meaningless. All imo.
not much action today for a stock that's going to the moon tomorrow...
Reality is setting in. Nobody fooled by the continuing dog and pony shows going on in March. Marsten obviously left for a reason and is not concerned about missing out on a billion dollar company. PPHM looking desperate once again selling another 10 percent of the company near all time lows although we are to believe the stock is worth 20 dollars plus. Going alone has to be the last option mgmt really wants with their tainted history. All imo.
don't get sucked into believing what you're worth because someone keeps telling you what you're worth and placing a false price tag on your back.
Please mgmt just told you what they thought they were worth. The gave away another 10% of the company for $1.75. They are the ones setting the supposedly false price tag.
Whoever bought 16M shares @ $1.75 must feel really confident that the price is going higher
Not necessarily true. They probably shorted up to the 2 dollar range and the 16m shares could just cover their short position. Remember the days of the pipe when PL and the gang would say they sold the pipe to strong institutional investors and yet their holdings never showed up. Tough to change colors. All imo.
Who cares about new job postings. They could be replacing people who quit and they probably should have these jobs in place already. Besides if they are new positions that just means no partner. For all the people who actually believe there was sabotage in Fargo then how can you believe pphm will get through any other trial. You can't have it both ways. I guess Marstens might have been the smart one.
All imo.
.please provide a link so we can verify the lack of sabotage inferred.
Thats easy mgmt own words are that it is just a labeling issue. Also you can refer to the lawsuit which so far is going nowhere. BTW proof has to be proven by the accuser.
no more than 3-4 years, maybe sooner than we all think,
Sign of the times. It used to be in the next 6 months, now we are up to 3 to 4 years. LOL! What happened to the BARDA contract and the no Reverse Split promise?
Did anything come out of the following on Jan 30th. If not why should we believe that something is going to come out of all the March presentations.
GTC Novel Immunotherapeutics Summit 2014
Speaker: Bruce Freimark, PhD, Director of Preclinical Development, Peregrine Pharmaceuticals
They didn't even bother to PR the presentation so what makes anybody think March will be any different. Keep in mind they didn't PR the presentation even though they were selling 10 percent of the company again at $1.75 which is still way below the $3.20 the stock was at the time of the RS over four years ago. Talk about progress! All imo.
ATM was never going to pay for the PHIII, just a bridge from the sabotage until the preferred deal.
Did I miss where it has been proven there was sabotage? What are you talking about. I though pphm has stated it was just a labeling issue. Please provide link so we can verify your sabotage statement.
8 months takes you back to July not April. Answer is still zero.
The above statement was claiming the ATM was turned off for 8 months. Today unfortunately was proven false. Somethings never change.
Still don't understand why mgmt didn't release this yesterday with the other dilution news. I guess the trifecta will be tomorrow when they announce how much more dilution with the preferred shares. ES, Carlton Johnson and MLV are a far cry from dealing with respectable company. PPHM still in the minor leagues. All imo
And now with $60M+ and $100M more on the way....lets all say good bye to the ATM forever....
Yeah right. Word was that the ATM was shut off last quarter. People eating crow today. All this means no partner in sight. PPHM doesn't even think their stock is worth $1.75 yet we are supposed to believe it is worth billions. Time to get real!
No conditions... is the key and much better than that Oxford loan.
Yet after the Oxford loan was announced pphm climbed to over $5. Lets see if we can stay above$1.50 after this. Highly unlikely we will even get over $2 in the near term.
Has nothing to do with feelings about mgmt. The statement below are actual events that happened.
Remember this is the same mgmt that released infamous tainted trial PR on a Monday morning when they arguably knew at least two weeks before! (The infamous personal reason for pulling out of a conference)They have also combined positive PR's into one PR and made multiple PR's that contained negative news on the same day of each other instead of combining the negative news. All imo
Actually, the fact that they released it on a Wednesday makes me feel somewhat at ease,
Remember this is the same mgmt that released infamous tainted trial PR on a Monday morning when they arguably knew at least two weeks before! (The infamous personal reason for pulling out of a conference)They have also combined positive PR's into one PR and made multiple PR's that contained negative news on the same day of each other instead of combining the negative news. They seem to do everything the opposite of what is good for the shareholder. All imo.
Carlton Johnson is not the CEO
Your right he is the Chairman of the Board even worse!
Looks like March will be nothing but more dog and pony shows. Hard to imagine that BP's are fighting over pphm yet this is the best mgmt can do. Looks like desperation. MLV as a investment banker is a slap in the face to shareholders as ES naming Carlton Johnson as CEO. Is Carlton still getting to the bottom of the tainted trial? All imo.
I guess PPHM isn't following the market today. Market up, while pphm is down. Safe to say pphm doesn't follow the market.
n the past 6 months PPHM's share price is up 15% and the NASDAQ is up 8%. Year to date PPHM's share price is up 20% and the NASDAQ is down 4%.
LOL!. That is what mgmt is banking on. Point is most people here claim to be long time shareholders. Any long time shareholder can't be happy with the share price. At the RS alone the share price was $3.20, As stated by another poster the stock price would have to be about $17 just to get the average gain over the years. I guess if the stock goes back to 50 cents people will be happy it gets to $1 since it would be a 100 percent gain from 50 cents. In the last 5 to 10 years this mgmt team has failed along with the stock price. Billion dollar estimates being said around here and mgmt is selling shares in the $1.50's. The big surprise will be what the preferred shares if any go for. That will be the next telling sign. All imo.
The DOW is down 304..........we're doing OK
Since it was brought up the dow is down 2%, pphm down 8.5%. Pointless only to compare PPHM to market when the market is down. Matter of fact I believe everyone but SK can agree that pphm doesn't flow with the ebb of the market.
The fact that the lab tech responsible for the labeling issue now works at Microsoft really scares the $hi! out of me though.
Can you please post the link where it is confirmed who is responsible for the labeling issue? I would think the lawsuit would be over by now if we know who did it. Funny how one lawsuit is frivolous while another isn't. I bet you the Fargo people are saying the same thing about the lawsuit against them. All imo
There are plenty of companies that have received financing at above premium prices. If Bavi is/was as good as what everyone is saying then there is no reason to sell as many shares as mgmt has at market prices. There should be lots of companies willing to pay a premium to get significant shares. If you were talking about just a million shares I can see it but not when you almost triple the outstanding shares by selling near record lows. Looking forward if mgmt has sold any shares at these prices then they are not either doing their jobs for the shareholders or that is the best they believe they can get. Remember we still have a CEO who still will not participate fully in a discounted stock program.
Besides I was just correcting a statement that there hasn't been a share sold in eight months which is obviously a false statement. All imo.
8 months takes you back to July not April. Answer is still zero.
Actually 8 months takes you back exactly to June 1, 2013. PPHM sold close to 8 million shares of ATM shares from May 1st thru July 11th. Shouldn't be so smug. All imo.
I suppose the institutions that spent ~$175M buying between $1.65 and $2.00 don't know what they are doing huh?
Do you have a link that can support that statement? Current institutional ownership doesn't support that statement so is that your opinion or is it a fact?. In the days of the pipe you had mgmt stating that they sold the offering to institutional investors and yet they never showed up. The same wrong statements were said at the Russel timeframe. We all know those shares didn't get to institutions. I know they probably went to the secret Roche family trust fund. All imo.
NASDAQ down even more...now joined by the Dow....it is not just PPHM. Markets move up and down
Nasdaq now down only .38% and Dow plus .38% but yet PPHM still down 5.52%. Point is pphm doesn't move with the ebb of the market despite what Mr. King says. One should not use it just when it favors his/her viewpoint. All imo.
Please support your statement if you can.
LOL! I haven't seen you ask for someone to support the statement that a deal is in the works or that the Roche family is controlling the share price or wait now Calico is buying in and a deal will be announced tomorrow morning, or Jeanette etc.... You can't cheery pick your questions.
What part of Jeanette do you not understand?
PPHM's stance does not agree with you. Nothing has been determined. CJ is still getting to the bottom of this. You need to move on.
I haven't seen a reference that credibly shows what PPHM knew and by when leading into September 20-24, 2012.
Please someone actually knew before hand that mgmt was pulling out of the conference and then someone posted a response from IR that we were pulling out of the conference for "personal reasons". Now if you want to believe they didn't know the info at that time then that is your choice. Of course you haven't seem to question what credible references there are to the Roche Family buying, the dose switching conspiracy etc.... Like someone said OJ is not guilty only because it couldn't be proven sufficiently in a court of law. All imo.
Can you provide a link that shows they knew at least a week before
Your kidding right? Try looking at the same links which state that the Roche family is keeping a lid on the price and the links that prove the BP conspiracies or that we have btd. Seriously if you have been around mgmt pulled out of a conference which supports the time frame. All imo
It's pretty amazing that the trial which some still are compelled to refer to as "botched" resulted in FDA Phase III approval and Fast Track Designation, huh? If the data had not been "botched" most likely Bavi would have been already approved, wouldn't you agree?
We shall see, maybe. But is mgmt supposed to get a prize for where we are now? At best case scenario right now we are 15 months behind where we would have been. Only time will tell what will happen. Obviously the reconstituted data is not as good as it was or after 15 months we wouldn't still be at $1.72 and without a partner when we were over $5 with a supposedly partner lined up and a loan. How anyone can make the assumption that we would be approved already and yet mgmt can't get a partner or a financing is ludicrous.
Yes it is remarkable that we have gotten this far after the mix up but it by no means dictates that everything is the same now. The stock is still at $1.72 and as someone already said the stock needs to be at least $17 just to compare to an average stock gain if you invested in a mutual fund. This stock alone was $3.20 before the RS over 4 years ago. Can't get excited about a stock price of $1.72 can we after all this? All imo.
ALL companies TYPICALLY release bad news on a Friday (after close if they can). It is to minimize the negative impact because either people are more focused on the upcoming weekend, or because they get time to digest the bad news over the weekend
I agree but if you remember the worst news in pphm history was for some reason released before the bell on a Monday instead of after the bell on Friday when we all know mgmt knew at least a week before about the botched data. Remember they had to withdraw from a conference for" personal reasons." Makes you wonder about the business IQ or motives of mgmt. All imo.
Fargo happened because someone didn't like Dart. That is going to take a while before this one will be removed from the top of the LOL ranking.
What is so funny about that statement? Not saying I agree but It has the same amount of truth as the Roche friends and family statements and all the other dose switching conspiracies.
Just wondering what we might expect from a good oral presentation about cancer of the liver??
The typical 10 to 20% rise then back down just like the announcement of fast track and every other announcement. The only thing that will move this stock is a financing/partner deal. That has been the story for the last three years since we have been in talks. It is time to get it done one way or another. All imo.
The biggest recipient of the news today is Mr Worsley, the leverage to partner Bavi went way up.
I thought the consensus was Mr. Worsley already had the deal closed? So do we have a deal in place or are we negotiating or do we just make things up as we go along?
As what has been said for the last three years is that financing is the key. Without it doesn't matter what the science is. With fast track approval there should be no way that mgmt should not be able to secure legitimate financing. If they can't then there is definitely something wrong.
All it will take now is a loan or a placement above the market price. If the placement is below the market then it will smell fishy. The stock should soar with a positive financial announcement. All imo.