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King says that partnering is a BIG PUSH! This is in the first paragraph of his presentation. Those who have ears let them hear!
King also said he hoped to have a commercial product by mid 2012. His words are meaningless plus I guess he doesn't agree that partnering would greatly hinder and slow pphm down! LOL! All imo.
Quote:
Things have never been better for PPHM!
Get a grip. We probably have close to 170 million shares outstanding. 70% dilution in a year. Get a grip.
Great Post! You have to question motives when statements like that are made. Throw in the fact that the market is at all time highs and the stock price is at $1.29 when the price at the RS was $3.20 makes that statement just plain ridiculous. All imo.
For any who don't know much about partnering...partnering is not announced UNTIL IT IS COMPLETED!
LOL! The $1.30 stock price and the continual usage of the ATM near all time lows and record pace say that partnership is not even close. Time to stop the nonsense. You forgot to add to the list what can make the stock go up. How about a real COB and the firing of Paul Lytle along with kicking ES out to the street along with all his money he has made off of the shareholders. All imo.
$1.31 now if anybody is interested.
Actually if past history is any indication it is a sign for the shorts to short the stock in the pre market. Whenever PPHM has news they usually always announce pre market. The stock usually goes up in the pre market and then ends the day down. We will see what today brings. Although the next PR will make us a $5 stock and we all know the track record of those predictions! LOL! All imo.
lest we forget....WE HAD OUR DOSES SWITCHED news just over a year ago...
Lets not forget Cotara Phase III has been on shelf for over 10 months and most likely dead in the water. Does it really take more than a year to get real financing? What is Mark Z. doing now for the last year since he was hired? Is he Mary Boyd's running partner? All imo.
Same BOD and same management for the past ten years. PPS down over 80%. Pay up three fold. Sounds about right.
Yeah but ES saved the company while making a killing himself. I guess this gives him the right to continue to keep his hand in the cookie jar year after year. RS four years ago at $3.20 and we are now at $1.20 and nobody is held accountable. Now a new paper (have to stop myself from laughing) is supposed to be the next big thing even though we have two Phase III approvals sitting on a shelf. Without a partner you will see another reverse split on the proxy and the same people will say a RS doesn't mean anything. You can't make this stuff up. All imo.
Long term I think it would be very positive for the company and its shareholders - at least those that have the patience to hold another couple of years.
Please, if everybody thinks that sabotage was involved in the phase II trial how in the world can pphm get through this phase III trial without so called sabotage? Who will actually believe the data when released in the first place? After all they released data before and had to pull it back. No way does PPHM get through Phase III without a partner to validate the data. We either have a sabotage conspiracy or we don't. Which is it today? All imo.
Like on the next "real" pr when the stock runs back to 5/share on a 60M share trading day sell 10M into it and be done for a year.
I guess that statement would be more believable if we got the big announcement that was supposed to be coming from Sydnie or the partnership that was supposed to happen in the summer or anything that was supposed to happen. Still no loan or partner. All imo.
Let's look forward 6 months,
Lol! this was said 6 months ago, 1 year ago, 18 months ago etc..... Reality is stock is near all time lows while market near all time highs. Continued use of the ATM suggests no partner in sight and no validation. All imo.
If however, you have a 1-3 yr horizon - things look to be on track for that multi-bagger
Always an extra 1-3 years added. SK stated he was hoping to have a commercial product mid 2012! We have a Phase III trial that hasn't started in over a year and another one that is supposed to begin by end of year. They have used ATM financing to support their bonuses, raises and options. Now we are suppposedly starting to get the word out again? All imo.
Big Deal! ES made a bundle off the financing dealand has collected roughly $80,000 a year in BOD fees for the last 13 years besides all the free options! Does this give him free rein to do whatever he wants. Very silly. It does make you wonder why he can't get PPHM a legitimate finance deal. I guess he can't make enough money. All imo.
Wasn't mgmt supposed to have a big announcement from Sydney? I thought this was supposed to be the beginning of getting the word out. Does mgmt still really think they can do a phase III alone? Looks like the ATM running hot again and at lower prices. At this pace next years proxy will contain a RS. Market setting all time highs and pphm near lows. Didn't SK say that PPHM flows with the ebb of the market? I guess that only applies if the market is going down along with PPHM. All imo.
Wow must have been quite a conference and the word must be spreading. $1.36 now and going down further without real financing. Wasn't the hope of the week that there would be no way mgmt would spend all that money with all that space just to rehash. Just seems like old times. Looks like company starting all over from scratch and they have the ATM and options to do it. Never ends. All imo.
Wow! This is lame by even pphm standards. No PR in the morning. I guess our last chance will be at 9:30. I can't imagine this free vacation in Australia wasn't even important enough for a PR today.
So there was nothing big to announce. Just same old wait another couple of weeks, months, etc... Has this be said before?
Don't worry there will have to be some kind of fluff PR put out since this week is the end of another quarter and the ATM has to be used for cash on hand, paying the taxes on SK's bonuses after mgmt was caught given excessive options etc.....
Strange that our two Phase III trials have now taken a back seat to pre clinical trials yet everybody is excited. Cotara now on shelf close to 11 months after approval and no parter in sight for Cotara or Bavi. Lets wait for the next consensus big event to pass us by. All imo.
Let's jut say they won't be only talking about preclinical data in mice at the "World Symposium of Lung Cancer" :)
imo, they have much more to announce...
Lets just say you have another hour and 45 minutes before another post becomes obsolete. What is the next rumor? All imo.
I suspect that 8 people could handle at least one trial each...
If true why in the world do we have over 100 people employed? What have the people who were assigned to Cotara been doing for the last 18 months? It is still amazing that we need at least two full time IR/PR people when we use to farm it out to at least a respectable PR firm. We possibly plucked an IR person from a message board for crying out loud. I guess that is why you get the we are pulling out of the conference for family personal reasons response. Seems unprofessional. All imo.
If not, guess I'll never understand
LOL! What is hard to understand. The market is at all time highs and this mgmt team which has been in place for years has the stock near all time lows yet continually rewards themselves with free options and bonuses. The latest example is that even when mgmt got caught giving excessive options they still had the nerve to reissue the options plus give an additional 100,000 shares. Simply incredulous. All imo.
Agreed which is why they need to get a real financing deal as that would show that somebody actually believes. The continued use of the ATM is not a good sign imo. With all the propanganda talk of sabotage I can't believe anybody would think pphm can do a phase III without sabotage let alone incompetence. All imo.
Looks like no news today as 8:30 has come and gone. I do expect some PR soon as mgmt has to sell ATM shares before Oct 31 which is the end of the quarter if they want to keep up their cash amount to go alone. Look for PR then the ATM dump as mgmt continues to suppress the stock price because they can't or will not get real financing. We all saw what happened the last time they got a real loan, the stock price jumped. I would think if they could get real financing they would so the question is why they can't if SK thinks the value will be astronomical. I still can't believe SK believes his own words since he doesn't even participate fully in his own stock purchase program. Kind of strange. All imo.
But wouldn't you need a negative catalyst to break down at this point?
I would think no partner in sight, further massive dilution via ATM and pphm thinking they could do it alone when the last trial under their watch was botched is a negative catalyst. All imo.
Pure excitement about upcoming conference and preclinical papers. People are sure rushing in to buy as they don't want to miss out. Sure hope we don't get BTD or partner because it will slow us down. Still wondering how if people actually believe the sabotage conspiracy they think that pphm can get through a phase III by themselves without it being sabotage. Current bid price is $1.38. All imo.
Guess that depends on who sabotaged the trial.
Again more fabrication, nobody sabotaged the trial. I see that is going to be the excuse moving forward. How is the Barda contract going? All imo.
I guess we know why our phIII got sabotaged.
Wrong on just one level. Pure fabrication. I understand the need to make things up. Lets stick to the facts. Please link the PR, arrest or anything that states the trial was sabotaged. All imo.
Phase I clinical studies are not usually very expensive...and don't cost anything if they are paid for by the other collaborator.
Laughable that we are back to talking about pre clinical and phase I trails! Where have we heard this before? Looks like starting over from square one. Kind of tells you what the potential of the two Phase III trials that are in limbo.
We just diluted our company by about 50 percent over the last year or two and we are now talking about phase I and the dilution that lies ahead. Yeah that was worth it. Yes, things have never looked better! LOL! Allimo.
They're getting a loan, no worries about dilution
Yeah right. Just like you said they had BTD, no RS. On the other hand you are due to be right. All imo.
But everytime the PPS starts to retrace or recover back to where it should be we have all seen massive short selling or dumping of cheap shares forcing PPS back down. I can't explain it any better than that.
Agreed. It is called ATM usage and mgmt is to blame. If real funding was in place there would be no shares available.
The effect of a real financing deal was displayed when the loan was announced before the fiasco. Until a parter or financing is accomplished mgmt will just sell ATM shares into any rally. If there is no rally mgmt will be forced to sell shares anyway and then you will see real downward pressure
Next rally point will be PR for symposium. Expect volume with heavy ATM usage with no price gain. Been that way since ATM usage. All imo
I don't know if they are good actors or what but I thought the change in tone was interesting.
It is harder to lie face to face then on a phone conversation. Although there are lots of people who are good at it. All imo.
Did PPHM apply for either AA or BTD?
I sure hope they didn't. Haven't you heard the new spin. AA or BTD is only a hindrance because of the attached strings and it really doesn't help much. I can't imagine why the other comapnies applied for the 29 BTD. They must not have the same trusted and knowledgable mgmt and consultant team that we have. We are very lucky to have a team that knows AA, BTD and a partnership really are a hindrance. All imo.
Tell me why after that terrible performance yesterday and all of doom and gloom on the board today the price is up with decent volume
Stock is now down on heavy volume. Classic manipulation on the upside to fool investors. Just like there is manipulation to supposedly keep the stock down for 10 years there is manipulation to keep it up to slam the poor folks that have been arguably deceived. All imo
Now many of us have been here for years and I understand the frustration. But did you really invest in this company and think it would suddenly be the "golden goose".
SK stated he hoped to have a commercial product by mid 2012! It is now 16 months later and we still haven't even started a phase III trial which is two years away from enrolling. We spent money to get Cotara thru two Phase II trials and now it sits on the shelf for over 10 months since phase III trial approval. What the hell is mgmt doing? Stock price at RS over four years ago was $3.20 now at $1.40 yet all of mgmt still in place. Markets near all time highs. Go figure. All imo.
It's going to take years for the 600 patient Phase III enrollment.
That is great news for mgmt and the BOD! They are assured of collecting their salaries, fees and bonuses for a couple of more years and to vote themselves more free options. Nevermind that people are dying while they refuse to speed up the process. All imo.
Funny. You must have not read all the posts here claiming PPHM already had BTD in its back pocket. Going alone is a disaster waiting to happen. If you believe in the non existent sabotage theory than how could anybody believe that mgmt will get thru a Phase III trial alone without botching another trial. I have said for many years now, mgmt does not care at the speed of the trials or the results because dilution does not affect them. They just keep issuing themselves more share and options at lower prices while they still collect their salaries and bonuses. It is a win win for mgmt while sharelholders get diluted.
It is quite comical to read now that BTD does not really matter that much. All imo.
One point you did make that I agree with is that going at p3 alone is a positive signal of confidence
How is that true? They have to go p3 alone because it is their only option! Geez.
I surely hope Garnick did not say it was better to do a phase 3 alone. If true it is idiotic and sounds like what a loser would say after he lost a game or a prize. How could they have been so close to getting a partner over a year ago and then come back and say now it is better to do a phase 3 alone. Sounds ridiculous to me.
Also saying a BTD doesn't help much rings like they were rejected for that also. How the hell wouldn't a BTD help? The increase in the share price on the news alone would reap millions of dollars for the company thru ATM sales.
This team imo has no credibility and is making up excuses as they go along. All imo.
LOL! They can't even start a webcast on time and they expect to start a Phase III on time and alone. What a disaster waiting to happen. All imo.
And since they were pulled back we gave him 100k shares and paid taxes
This was in addition to reissuing back to him another 250,000 options! This mgmt team has no shame. All imo.
mgmt sure knows how to get things done when it pertains to their own money. Would be nice if they actually created shareholder value. The lawsuit at least woke them up but as usual they sure found their way around it. All imo.
I gotta believe PPHM has these 2 BTDs.
Stock price and huge ATM selling says they do not have BTD. Cotara now going on 10 months sitting on shelf after the FDA approved phase III trial. How long will Bavi sit on shelf? Over one year and CJ still has not yet got to the bottom of the botched, tainted whatever you want to call it trial. SK stated he hoped to have a commercial product mid 2012! No wonder mgmt has no credibility. All imo.