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If preclinical data justifies a $400 million deal then PPHM is most likely asking for multiples of that
Yet mgmt has given away about 30 percent over the year roughly in the $1.40's. Even with 140 millions shares that only comes to about 200 million dollars. ES has his own financial company and mgmt still can't get a loan to stop dilution? I though ES wanted this company to succeed or do they prefer people continue to die due to greed and lack of progress? All imo.
They said they wanted a partner on board BEFORE THE EOPII meeting, and for the start of pIII!!!!!
They said the same thing for Cotara and now Cotara has been sitting on the shelf for 9 months! No wonder nobody takes the CEO seriously. His words to date mean nothing. All imo.
Woohoo! Time to wook it up! What a buying opportunity! Never thought we would see the $1.30's again. Time to hurry up and buy before the Roche family buys up all the shares. Going to be even more dilution when the ATM sales start flowing again. No AA, No BTD, No partner. Seems like the street doesn't believe SK anymore. All imo.
AS THEY SAY LATER...THEY ARE LOOKING AT ALL SORTS OF FINANCING OPTIONS...BUT DON"T NEED THEM NOW. WHY? BECAUSE PARTNERING IS CLOSE!Partnering will mean they don't need the other options!
Partnership is not close as the selling of ATM shares at a record pace at low price dictate. All imo.
The ATM sales is from BEFORE. We are SEPTEMBER now. We had the 42Milj$ cash already in previous presentations. JULY, AUG en SEPT BTD are assigned too as we have seen posted here for other companies.
Subsequent to July 31, 2013 and through September 9, 2013, we sold 3,057,431 shares of common stock at market prices under the December 2012 AMI Agreement for aggregate gross proceeds of $4,372,000. As of September 9, 2013, aggregate gross proceeds of $42,059,000 remained available under the December 2012 AMI Agreement.
Avg price 1.43
The carnage has begun early. Last trade 1.42.
So much talk about collusion, manipulation but the truth is if mgmt performs the stock would go up. Yesterday was a prime example. The stock rose up to 1.54 just on the expectation that mgmt would execute. Imagine if they did. With the dismal CC and desperation of going alone in all probablility the stock will go down. No manipulation just realism.
Next year the proxy will mostly contain a RS proposal. Just a matter of time. With no partner in sight, only ATM funding considered there is no real news to at leat a year from when the trial starts. Why would anyone even trust the look in results after they are even announced without a partner? Last year great results were reported and then the botch trial news. Everyone will say the same about the interim look. Mgmt has to know this yet they refuse to deal for the help of patients. Since they do not get diluted they do not care how long it takes. Sad reality. All imo.
"Along with the work being done for our third-party clients, Avid continues to be an -- instrumental in providing drug supply for the bavituximab Phase III trial WHILE ALSO preparing bavituximab for potential COMMERCIALIZATION.
They have been saying that since 2010! Enough already.
All imo.
PPHM is bargaining from strength
Couldn't be further from the truth. Selling ATM shares at record pace, no BTD, no AA. Now if they had several BP's in a bidding war that would be different. A $1.50 and soon to be dropping stock price and mgmt selling over 20 % and counting of the company in the $1.40's say otherwise. But you can dream....... All imo.
Wow another huge disappointment. No surprise with AVID, selling ATM at record speed and near all time lows, no BTD, no AA and no partner is sight. Might as well make it Feb 2015 now. Going alone will be a disaster and desperation. Whatever momentum today brought has vanished as usual. $1.41 while everyone is nervous mgmt is dropping the bomb? LOL!All imo.
SK stated they were doing their day jobs at night because there was so much interest and that was a year ago. Now we are supposed to believe that if the data is just as good (it isn't obviously) that so far no BP's are fighting it out with each other before they lose out to the competition. Either BP doesn't think the data was as good as before or SK was stretching the truth. Phase III has been approved for several months now and nothing so far. BP was close to knowing all they needed to know around Sept 2012 if we believe mgmt so what is the holdup. I guess the story for now is Feb 2014 LOL! All imo.
ATM sales? Have to Pay for "THE" Foundation.
Not at these prices if you have AA or BTD.
More ATM sales.
Great Post of the day! I don't know how anyone can argue against your statements. After Monday's CC we will have the dissection of every word with positive theories added etc.... when all mgmt has to do is spell it out with the truth. After nothing happens Monday, the next big day will be the ASM, then when nothing happens, the next day and then it will be Feb 2014! LOL. You can't make this stuff up. We just passed September 6th which was supposed to be the next big day. We have passed a lot of big day's over the last 10 years. Unimaginable that there aren't at least two BP's bidding. Going alone will prove that out and be disastrous and desperation by pphm mgmt. All imo.
but PPHM has stated their goal to close a partnering deal by year end for the Phase 3 trial or go it alone.
Really, Well SK also said he hoped to have a commercial product by mid 2012! We are over a year late on that goal. Lets hope he does better on this one. He also hoped to have a partner before Phase III trial approval on Cotara. Words by past history are meaningless.
They also have been stating in their filings since 2010 that AVID is reserving capacity for future commercial product. LOL! All imo.
A reverse split in itself is just a mathematical formula. One has the same amount of money the day of the RS as they had the day before. It seen as bad because it is usually done to overcome some financial issue and ultimately results in a pps decline because the company is weak and all news is bad after the split. If the news was all good after the split the pps would continue to go up and it would be a good thing. Not only that but there would be fewer shares out and more difficult to get more shares to institutions.
How did our last reverse split go? Time at reverse split $3.20. Stock price today $1/40. Enough said. All imo.
BP teaching ES and SK a lesson would only work if only one BP was interested that is if you believe in that particular theory.
AF knows about Credit Swiss cancellations 5 days before us.
Maybe AF is good friends with ES or SK and perhaps that is why he knew since IR stated they were pulling out for family reasons. That is of course if you believe mgmt didn't know about the tainted data until the dates they claimed to know. Highly unlikely of course due to the timing of pulling out of the conference. All imo.
8:30 has past and no news which means another day of possible ATM sales, no AA, no BTD and no parternships. Just another hard working day for Carlton Johnson to get to the bottom of this. Reality is that even with a Phase III trial approved Cotara has been sitting on the shelf for over eight months and bavi is following in its footstep. Our CEO stated he would like to have a commercial product by Mid 2012. As usual he is behind schedule. Don't worry just another day for the Roche friends and family to pick up shares at the bargain price of $1.37. We may see a useless CC PR later. All imo.
From 7/11 to 8/22 they sold approximately 3.5 million shares
That should tell you all you need about BTD, AA and multiple partners bidding. Going alone will be devastating and BP knows it. Unfortunately we don't have a bidding war. As someone pointed out Verizon is paying a huge sum for Vodaphone so companies don't mind huge payoffs. All imo
Still selling ATM shares with a year cash in reserves says there is no BTD in their pocket only shareholders hard earned money. All imo.
Those who stand around saying nothing has happened with PPHM for 20 years(amusingly BEFORE there was a drug named Bavi!) may choose to ignore what has happened in the past 4 years
Yes what has happened in the last four years is that the company had a reverse split, named ridiculously Carlton Johnson as COB, wasted money on Cotara which has been sitting on a shelf for eight months now after a second Phase II trial!, announced tainted trial results, diluted the company over 50 percent near historic lows. Oh I forgot it is also down over 70%. Other than that things are great especially for mgmt and the BOD who have all kept their jobs collecting salaries, bonuses and options. Sounds good. All imo.
A $136 billion market cap corporation with a 1.3% profit margin, Verizon, is planning to buy 45% stake in Vodafone for $130 billion: Virtually the equivalent of its own entire market cap!
www.bloomberg.com/news/2013-08-30/verizon-s-vodafone-stake-purchase-may-need-30-billion-in-bonds.html?cmpid=yhoo
It’s amazing what kind of money a corporation is willing to spend when it calculates acquiring future blockbuster revenues.
Gee I wonder why Verizon didn't just sabotage Vodafone for 10 years so they could buy it cheap? You are right it makes you wonder why there aren't at least two BP's in a bidding war to buy PPHM. Kind of tells the story that there really aren't multiple bidders. Selling ATM shares when you already have enough cash and hiring people whose positions should have already been in place to begin with makes you wonder what the business model of PPHM was in the first place. How could you not have Directors and Quality Assurance bosses to begin with? Hiring is definitely a negative for things to come in my book. All imo.
Lets see, just these past weeks alone we have been told August 13th there would be news, news after the lawsuit is settled, then we were told after the proxies were out because mgmt was holding the news, now I believe it was Sept 6th is the next date and now we see Sept 9th. You can't make this stuff up. I guess the 15 million shorts have no worry about shorting over the long holiday weekend and getting burned by mgmt with a positive PR on Tuesday. If history has taught us anything mgmt usually holds bad news and releases at the worse time. Who could forget the tainted data debacle before the open when mgmt most likely knew at least one week before of the problem like when they pulled out of the conference for family reasons. Who can forget the multiple bad PR's in a day and combining positive PR's into one. All imo.
Is Friday,30th 2013 the PPHM surprise day?
Wrong as usual. Lets hope there is no news after the bell which will allow the shorts to cover which if the past dictates history will be at a lower price than today. All imo.
The word sabotage was in quotes as to humor the believers. There is no sabotage. As far as getting pass Phase II as of now it doesn't mean much. They got through phase II with tainted data that is much less desired than the data was before it was tainted. Having an approved Phase III trial means nothing as of now, just look at Cotara which has been sitting on the shelves for over eight months since approval. Bavi is sitting on the sheve as we speak while mgmt desperately is trying to show they can go alone. Going alone would be a failure. Selling ATM shares with money in the bank says there is no BTD or AA plain and simple. All imo.
Good post. You forgot to add that mgmt knows bavi already has BTD and AA but they still are selling ATM shares in the $1.40's. Only way they go alone is out of desperation not because they desire to. If it was so easy for BP to "sabotage" the golden trial then there is no way mgmt gets through Phases III trial. Common sense. All imo.
They delivered value, they were sabotaged, pretty easy to understand
Once again where has it been proven they were sabotaged! Simply not proven.
Why would the FDA approve a sabotaged trial and grant a PHIII?
The FDA granted PHIII for Cotara so what!
We don't ahve BTD, ATM selling assures that. Maybe mgmt received rejection letter and that is why ATM continues. All imo.
We have now paid Mark Ziebell over $300,000 in salary for accomplishing what so far? As an extra kick to shareholders he will also receive options and a bonus? Mgmt wants to be paid like other similiar companies but they don't want to be judged on the same criteria. No way nobody gets fired after the 10 year track record of these employees. I wonder how much bonus Carlton Johnson will get when he finally gets to the bottom of this. All imo.
They have always wanted and kept a years cash on hand.
The going concern clause was finally removed only this past quarter. Every other year they had a going concern clause. They now have more than a years worth of cash and yet they keep selling ATM shares at near record lows when good things are supposed to be imminent. Doesn't seem right. All imo.
Even with a full year of cash in hand mgmt has continued to sell off the company in the last month with the ATM in the $1.40's. If BTD is coming how do you justify mgmt still selling ATM shares? Seems sketchy to me. All imo
One way for the FDA to tell BP who is in charge and whay happens when you sabotage a trial(sssssssssssss)
What trial has been proven to be sabotaged by BP?
Looks to me like partnership is not even close. More of the same. Maybe Carlton will get to the bottom of this before this years shareholder meeting. All imo.
Reality check $1.40. Pure speculation as usual that mgmt is holding out for a "goog deal". For all we know there is not even a deal on table. Stock price and volume kind of tells the story. I guess maybe there is belief that if you say mgmt is holding out long enough, you may start to believe it or convince others. Mgmt sure sounds like the boy who cried wolf, I mean we are in talks. All imo.
She is lawyered up, so I guess there must be something to defend against because I don't see the need for a lawyer if it is an honest mistakes and when ALL involved parties believe it is an honest mistake
Are you serious? So everyone who has a lawyer is guilty? So if someone says you did something you just say you don't need a lawyer because your innocent. Why did mgmt lawyer up against the shareholder suit? They must be guilty! I am sure they didn't know about the tainted trial just three days before they announced it as they were supposed to. Hope those family issues for pulling out of the conference were resolved. Yeah right! All imo.
Perhaps many are waiting to see what the proxy has in store. If they are going to authorize a large block of shares for new atm sales and signal that they are going to try to do PIII on their own.
I would not be surprised if that is the case and with the short position already established it might be very likely as they seem to know everything. Of course if they do, the mantra will be we have to show BP we are serious about going alone. Just more desperation as each day goes by.
If the proxy does contain that language we will probably also see language about another reverse split since that will follow as share price will not hold one dollar. All imo.
if you were one of the BPs at the table. Would you want PPHM making such announcement, telling everyone there are serious offers? Then increase the risk of more coming in or increasing their bids.
If you were a shareholder or pphm and were diluting the company into oblivion by selling 15% of the company at $1.48 wouldn't you want to announce you have serious offers and have increasing bids? That is of course if there is actually any BP's interested. All imo.
Since ASCO they have had new interest from BP's...they are well advanced in new preclinical trials...and they are VERY active in partnering discussions
Pure speculation once again about new interest and very active in partnering discussions. $1.42 stock price does not back up your assumptions. All imo.
Shouldn't PPHM already have these positions in place? Looks to me like most of these new positions are replacements.