Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yeah more theories no facts. Fact is 19 months MOS was wrong and there was also a reverse split which was supposedly not going to happen. Based on past predictions I guess I will have to pass but everybody has the right to fantasize. From the share price and volume it seems at least not too many people agree. Stock price 10 years ago was $8 and mgmt still can't get the share price going. Since 2010 AVID has been reserving space for commercialazation of BAVI. Think of all the wasted revenue that is of course if you believe mgmt's boilerplate statements. Going on 10 months of CJ getting to the bottom of this. Cotara sitting on the shelf for 7 months now since phase III design approval and Bavi is following in the footsteps so far. All imo.
LOL! They just sold 15% of the company at around $1.48. Looks like not many people believe the noise going around. All imo.
Starting phase III alone imo is not a positive. That just shows nobody is willing to pay up and there is no way anybody will trust the trial run by pphm alone and that is if you believe mgmt can actually get through a trial without a hiccup. All imo.
Actually we really don't know how close we are now. Fact is we were at 8 dollars10 years ago and probably have been a lot closer then we are now. We had Epstein and China going until we lost that also. Only time will tell but Fact is share price wise we were way better off 10 years ago. Company just sold over 15 percent of the company for $1.48 recently so that has to account for something about how close we are. All imo.
If you think we are in bad shape now, you should have been here 10+ years ago
Huh? 10 years ago we were at $8 now we are at $1.47.
.....Taking a drug to approval is a 10-15 year process and about $1B+
Again Steven King said by his own words he hoped to have a commercial product by mid 2012. Paul Lytle has also stated from at least 2011 that AVID was reserving capacity for the commercialization of BAVI and or Cotara. Are they reserving AVID for hte next 10 to 15 years? Does SK not know it takes 10-15 years for a commercial product? All imo.
How bad was the BOD when the stock hit $5.50???
Huh? Stock was over $8 ten years ago? Is $5.50 supposed to be good?
What happened to the Stifel Nicolaus Healthcare Conference 9/12/13?
Maybe they withdrew for family personal reasons?
No timeline so they don't embarrass themselves. Imagine if they had a timeline on Cotara. So far we now have waited over six months just to meet with the FDA for Cotara and now it has been sitting on the shelve for an additional seven months. Will the Bavi phase III even start or will it be another Cotara? Already red flags are up as we are supposed to be getting excited for pre clinical trials all over again. Rinse and repeat? Commercial product hoped for in June 2012 now over a year delayed. They have been reserving LOL space in AVID for commercialization of Bavi for over two years in their boilerplate PR's. No credibility. All imo.
I believe now that management felt the repayment of that loan was "priority #1" because now after seeing the continued effort that has been ongoing against the company in order to control the IP: the loan needed to get paid off asap in order to protect the shareholders from the loss of the poison pill.
The reason they payed back the loan without a fight was so mgmt could sell ATM shares. All imo.
Jake, You are correct. Why do you thing we have another minor league PR/IR firm. What firm would tell a shareholder the company is pulling out of a conference for personal reasons only to look like a fool? We had a legitimate firm with Barbara but she suggested the board could be a problem. The biggest joke of all was when the company picked Carlton Johnson to be COB. What company would continually suppress news while selling ATM shares? What company would bundle good news in one PR and then use separate PR's for bad news? There are four people on the board. Even with just two additional members the person who doesn't want to lose his meal ticket would still have enough of his buddies to vote in his favor. Unless of course you perhaps don't want certain things to come out. All imo.
Regardless of the outcome of the lawsuit (unless it is an extreme win for PPHM which doesn't look like this is the case) there is no possible way with a good conscience can mgmt start a phase III alone. It would just be a waste of shareholder money as nobody in the science community would believe any of the results based on history and mgmt's past. All imo.
I said to myself 10 years ago... I wish I could close my eyes and wake up in 10 years and be extremely rich off of pphm... I would have been disappointed if I just woke up.
Not only that your investment would be down over 80%. Stock price 10 years ago was about $8 and now it is $1.48. The most comical thing is now we are supposed to be excited over pre clinical trials Yes, Pre clinical trials! You can't make this stuff up. A $5000 investment 10 years ago would be worth less than $1000 today and that is not including inflation! How much money has ES, SK and the rest of the gang made during that time? All imo.
So if the prevalent sentiment is we will not have a deal until the lawsuits are settled then why in the world wouldn't PPHM just drop the case and sign the partnership deal? The most they can probably get is 10 million when we are talking about billions of dollars in a partnershipt,The reason is simple because that is not the case imo. I sure hope this does go to trial so all the facts come out. After all, Carlton Johnson really wants to get to the bottom of this. All imo.
If they do, they are totally unrealistic in terms of how long it takes to develop a drug.
What are you talking about? By SK's own words he hoped to have a commercial product by mid 2012! That is over 12 months now. You may be right SK may have no idea how long it takes to develop a drug! All imo.
Wow! First honest post with factual information in a long time! If this doesn't deserve to be a sticky note I don't know what does. If the board is really neutral and want to show both sides of the story this should be included. Tough to argue against this post. All imo.
Also interesting is I believe on 9/12/12 PPHM PR'd that they were attending the conference on 9/21/12 and they would review the data of the phase II trial. However they did not PR that they were cancelling their appearance at the conference. All imo.
I stand by that just as I stated when they received the loan that it was a good thing. It is amazing with ES on the board that mgmt can't get a loan when it was proven before that they could and the loan actually increased the share price. All imo.
Timeline relative to lawsuit.
on 9/17/12 an ihub poster posted that the Credit Suisse conference was no longer on website.
On 9/18/12 it was tweeted that PPHM cancelled their participation in the conference.
On 9/18/12 on Post #93084 it was stated that Jay stated that Not attending due to management personnel family issue.
When did mgmt say they found out about the discrepancies?
It was very amusing to read all the posts around that time when there were actually people doubting the data and they were being ridiculed. All imo.
have a very professional impression of Jay.
Wasm't it his name attrobited to a poster here that stated mgmt was withdrawing from the conference for personnel reasons? Does someone sitll have a copy of that post? All imo.
No partner, no loan = no credibility.
Can you even imagine mgmt starting a phase III alone and even if they release results who in their right mind would believe them after a botched trial, and another set of data with weird results? BP obviously holds all the cards. They could just let mgmt dilute into oblivion run their trial and regardless there will be doubts about the validity of any data. If you actually believe the sabotage theories then their is no way they get through a phase III untouched. IF there was more than one bidder a deal would have already been reached. With no other interested party then they will just let the cash run out. 42 million will not last a year if phase III begins and everybody knows it. Maybe our COB Carlton Johnson can get to the bottom of this and create shareholder value. There is nothing imminent that will create volume for ATM selling as that is why mgmt release the Russel news and all the other PR's so they can get the last run on ATM shares while the bluff continues. All imo.
I am sure it goes back even further but this is from a PR from March 2011! Note the same language being used. It is a joke and yet people say they wouldn't say it if it was 2 to 3 years away.
Total revenues for the third quarter of FY 2011 were $2,883,000, compared to $9,877,000 for the same quarter of the prior fiscal year. This decrease was primarily attributed to a reduction in government contract revenue, due to the level of services performed under the contract terms, as well as lower contract manufacturing revenue from Peregrine's subsidiary Avid Bioservices, due to the level and timing of services provided to its third-party clients. For FY 2011, Avid's contract manufacturing revenue from third-party clients is expected to be in the lower half of its original estimated range of between $8 million and $12 million. Avid will continue to utilize available capacity and resources to begin preparing for the future clinical development and potential commercialization of bavituximab and Cotara, while also seeking to grow its base of third-party clients.
BTW, I never said 10 years, I said a couple of years although it may be. All imo.
One day was pretty fast
LOL! THey knew way before Sept 20th that they had a problem. They pulled out of the conference because of family reasons. Shady out a minimum. Company just sold 10 percent of the company at $1.48. Having so much money in the bank tells me that there will be no news in the future to drive volume in order to sell ATM shares. Carlton Johnson now on 10 months getting to the bottom of this. The lawsuit sure doesn't paint a pretty picture of mgmt's competence. They were sure able to move fast and have all the facts to submit a lawsuit aganist CSM and pay off the fine for the loan so they could sell ATM shares. All imo.
If they really thought BAVI was 2-3 years away from approval due to having to run the complete Phase III why would you make those kinds of statements?
Are you joking? Go back and read every CC transcript for the last couple of years and you will see the same statement about reserving AVID for commercialization. Geez. BTW SK stated that the goal was to have a commercial product by June 2012! All imo.
Didn't they pull out of the conference for family reasons before Thursday the 20th? When did it get taken down from the website as that is when they first knew. Been so long I can't remember but thank God our COB Carlton Johnson has been getting to the bottom of this for 10 months now. All imo.
I'm stating the obvious but I think too many are following this stock entirely too closely. So many posts on this board (not a reference to you) are ones that celebrate or complain every time the SP moves .05 in either direction. Who cares!
Following the stock too closely? You do realize that at the time or the RS in October 2009 was $3.20 and the stock price 10 years ago was over $8 and now you have people excited about pre clinical stuff. BTW the stock price now 10 years later is $1.50 and we still haven't started a phase III trial.
This is unfortunate, but unavoidable in my opinion. To come out with Monday's statement on Friday, before they had digested the information would have been imprudent. It would have been worse to put out a statement and then have to retract the statement because it was made impulsively before being thoroughly vetted.
Baloney! The reason imo why they waited was so they could pay the fine on the loan so they could start selling ATM shares. I also wouldn't be surprised if ES and his buddies shorted the stock on Friday. All imo.
The notion that nothing will be released until the lawsuits is another in the long list of excuses for the poor execution of mgmt. The lawsuits will most likely be a non event and as a matter of fact may cause more harm to PPHM if there is nothing positive to come from it. To think that this mgmt team can enroll a phase III trial without any problems surfacing is ludicrous as history has already proven. I believe out of desperation mgmt sold all the ATM shares to try to bluff and nobody has called their bluff. They were oh so close 10 months ago and yet nobody wants to anti up. Something is being hidden alright. All imo.
Time to wook it up baby! More buying opportunities tomorrow. Already down to $1.48. Nothing in the short term to boost stock price. They will probably not even enrolled by years end. Laughable that they keep saying that AVID is reserved for possible commercialization of bavi and Cotara when they are both at least two years away. Get ready for more dilution and new option awards. All imo.
LOL! Same old same old. Four million dollars in revenue for AVID for the quarter is supposed to get everyone excited? Expect tomorrow to be a down day as usual following a CC.
Hopefully with the news PPHM will have enough mono and buying to generate the short squeeze and over power anyone shorting it.
Not going to happen with a Thursday afternoon CC. Remember this is a PR team that holds bad news such as the bothched trial over the weekend only to release it early Monday moring. It regular releases imo news pre market so that friends probably of ES can maneuver their strategy options. All you have to do is go back to the pipe days and the similiarities are that the people still in place are ES, PL and the gang. Nothing has changed but the 80 percent share price in the last 10 years with SK, PL, and ES all in charge. Astonishly ES has collected approximately $800,000 in board fees over that time. All imo.
I wonder what a $5,000 investment in Peregrine today will be worth in 10 years time.
Who knows but based on the last 10 years probably lower.
If you invested 5,000 10 years ago on July 11th the stock price was $8.10 so at todays price of $1.53 your $5000 investment would now be worth $944 dollars for a loss of over 80 percent.
Yes something must really big up. Stock market near all time highs and PPHM is at $1.51. Yep people are rushing in to buy PPHM. BTW PPHM price Oct 2009 at RS = $3.20. Yeah I know some supposedly expert said there would be no RS but there was. I expect stock to drop as usual after CC when mgmt once again states for at least the 5th consecutive year that they are in talks. Lets hope Garnick has a good cell connection this time from where ever he is vacationing from when he calls in. All imo.
lol, if she is right, the buyout would be for about $5.00, which will never happen
Is that your opinion since according to you the RS in 2009 was never going to happen? Mgmt just sold over 10% of the company for $1.48 and two analyst have us for a $2.50 and 5.00 target. Where does it say the buyout would be for $5?
Our two analyst only have us at $2.50 and $5 targets and yet people want $100?
Our own mgmt team just gave away over 10% of the company for $1.48. They couldn't find any suitors to pay a premium for more shares?
when added to R3K in 2010 we had 55M shares and R3k bought approx 6m shares, This year we had 150M shares and R3K bought approx 16M shares.
Wow so in only three years mgmt has increased the shares by a factor of 3 from 55 million to probably around 180 million now. So any shareholder that bought at the last RS at 3.20 needs the stock price to go to at least $10 dollars unless they were able to average down. Mgmt has really created shareholder value to dae. Another month has just started for CJ to get to the bottom of this. All imo.
Why don't we just ask Dart
to float us a loan of $75MM.
Why do we even need dart? We have ES who is on our BOD and has his own venture company. Why do we need ES except to put his buddy CJ as COB and continue to milk money from shareholders and company? The shareholders have been diluted over 300% since 2010! Mgmt and board don't care how many shares get diluted because they just give themselves more free options at lower prices. No risk and no care at all for mgmt. They collect board fees and salaries too! ES has collected close to 1 million dollars in board fees alone! All imo.
In all fairness it has been posted here that would be no RS in 2009, secret BARDA contracts, meetings taking place, data announce in two weeks. The list could go on and on. There are postings on both sides of the fence. One side everybody agrees with and then shrugs it off when it doesn't happen and agrees again with the next statement while everybody screams at the other side of the fence. So far unfortunately the other side has been more correct. All imo.
How many companies in China are set up to sell a fake/imitation product/device/drug..etc and they will try and take over a company for cheap money if possible.
Good question. Mgmt set up a China subsidiary for PPHM and we have never heard of it since. Was that a scam or does it still exist? All imo.
Will recoup all that and then some from CSM.
Do you have any proof of this? You say a lot of stuff of which nothing comes true. For historical accuracy you also have claimed that there would be no RS and that we are still secretly working on the BARDA contract. All imo.