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4OurRetirement, $4 per share doesn't even go beyond the market cap that PPHM was carrying going into September meetings,
Mgmt just sold 16 million shares or greater than 10% of the company for $1.48. Four dollars is about 270% better than what mgmt just did.
KT, you like to put your own spin on things.
You also assert that the CSM employee associated with the miscoding of trial doses was a result of Dr. Garnick's negligence?
Show me where I said that! I simply stated that the faulty party or parties has yet to be identified. Nothing is on final record as to who is at fault. All we know is our two latest trials have come out with data that is a little funny. You can draw your own conclusions but don't make stuff up and attribute to other people. You wind up looking foolish. All imo.
Oh wait.... What was the previous employment arrangement for Dr. Garnick? You know, the guy that has led the design and is overseeing the PPHM Bavi trials for the last few years?
The work of Dr. Garnick with PPHM is still undecided. So far under Dr. Garnick we have seen the stock price down from $3.20 to 1.22 we had trials redesigned to signal seeking trials under his direction, we had a tainted trial whose faulty partiy or parties has yet to be determined and we now have another trial with strange results. Oh and we are still waiting for Dr. Garnick to have a better cell connection when he phones in on a conference call like the paid consultant that he is. You would think we could get some kind of financing deal with the great reputation that he has. All imo.
I guess an explanation would not make the FDA or PPHM look very good to have two strange trials in a row. Too much splaining to do.
And yet some people wouldn't mind this same mgmt team with new hires running a phase III by themselves?
I only asked you to prove there is more than one party interested now because that is what you said. You didn't disclaimer it. You said you couldn't prove that there was one negotiating party before ASCO.
BTW, there was only one party at the table to negotiate a partnership BEFORE ASCO (if my info is correct - conditional statement - couldn't verify with a second source). There are more then one now
If you are interpreting that from mgmt's statements than OK but it didn't read that way. Yes I have trouble believing mgmt but that is because of their track record and past history. So far we have had at least five years of we are in talks and we were oh so close going on close to 10 months now. If anything we should have had more BP's trying to outbid each other on the cheap with the troubled data. I don't believe BP has gained any more insight to data that they didn't know before. No one can convince me that hiring Carlton Johnson as COB has benefitted the company in any way except him vowing to get to the bottom of this 10 months ago. All imo.
BTW, there was only one party at the table to negotiate a partnership BEFORE ASCO (if my info is correct - conditional statement - couldn't verify with a second source). There are more then one now! So that raises the stress and with this cash PPHM bought themselves time and negotiating power
First of all thanks for the civility. The problem I have is all these statements that we had one party to negotiate before ASCO and now there is more than one. Can you prove we have more than one if anybody negotiating right now? So far all these statements predicted have not come true. It is like the boy who cried wolf. I believe mgmt always had leveraged because of the ATM. They could sell shares at 30 cents if they like cause it would not affect mgmt since there shares are practically at zero cost and they will just replenish. It just seems they say one thing and do another. They said they would not use the ATM and then they do an enormous ATM and they don't even get a good price. My gut feeling is if they had the goods a deal would have already been made. IMO BP's offers are just going to get less and less unless they actually have more than one legitimate interest. To date how many deals has Mary Boyd made after all this time and how much money have we had to pay our acquisition lawyer who has had no work. What are all the workers going to do now until we start enrolling patients. We are throwing money away. All imo.
Now PPHM says, I have 44Milj in cash, I am good for 12 months at least (Avid keeps getting revenue),
Cloak, honestly I think the 44 mil in cash means nothing they are at least 24 months from getting any data that could move anything. They need a lot more than 44 million. I don't think 44 million in cash gives them more negotiating power when everybody knows they need more and they don't have the manpower to run the trials right now. All imo.
There is no such thing as a Low Ball offer right now. The company has nothing to move the stock upward for at least 2.5 years now and that is even if they start enrolling on time! How long has it been since Cotara received phase III approval and that was after they waited over a year for approval. They don't even have Thorpe in their corner now. The vultures will just let PPHM die. Can you honestly trust mgmt to do a phase III on their own and succeed? They have to hire all new people to boot to run the trial. Think of all the things that could go wrong and that would be with competent people running the ship. All imo.
WIll not be surprised to close at low of day but some people are probably rooting for this as they have accounts they are waiting to clear so they could buy more!
If mgmt truly bellieve in this company we will see some form 4's tonight.
Still truing to figure out the timing again for this release. Why not release it after market on Friday or next Friday on the July 4th weekend? Was this done to protect ES's buddies again? It makes no sense at all how this company puts out PR's. They must have the worst consultant PR people. I guess you get what you pay for.
Didn't mgmt also say in the last CC that they weren't selling ATM shares anymore and yet they come back with the most they ever done? Why did PL only get $1.48 for these shares. The stock was in the $1.70's and close to 2 with high volume?
All imo.
Give it a break already you are trying too hard. Mgmt just told you they sold 16 million shares via the ATM at low prices. If the news was good mgmt would not have sold 10 plus percent of the company. You need to use common sense sometimes. Mgmt can't be that stupid to sell another 10 percent of the company when they know good things are coming could they? All imo.
We bow have 6 months until we even start a phase III then at least two years before completion with the trial being run by a mgmt team that has already overseen a tainted trial. Mgmt has already shown no confidence by selling another 10% of the company near all time lows (for the time being). Unless mgmt pulls somethning out of their butt I don't see how they don't dilute the shareholders into oblivioun. All BP has to do is keep waiting. What mgmt doesn't uderstand is that they will have to get at least 10 times more than they can get now from BP due to the amount of dilution they will undertake. Then again mgmt is not getting diluted at all as they will just get more options at cheaper prices while collecting their salaries and bonuse. All imo.
There are for sure no lack of buyers
Really? There are close to 12 million shorts so they are buyers. Is mgmt buying shares at these levels? That would be more telling. All imo.
Will be under a dollar soon with more dilution to follow. Probably will a RS option will be on this years proxy again. Kudos to mgmt.
Price on first RS 33.20 in Oct 2009
Price now $1.14
Wook it up! Another buying opportunity. Don't worry they are just trying to get your shares. One last major shakeout before they announce a 100 billion dollar parnership. At one with pphm! All imo.
Anoher plus 10% dilution near all time lows! I guess you can cross out any settlement from CSM! Good thing CJ is getting to the bottom of this! At least mgmt is consistent in screwing up. Looks like mgmt was stretching the truth saying they were oh so close to board members and partnership. All imo.
Tend to think it is just mgmt. sandbagging the data they have had for a while. Holding on to mediocre results till the last minute that still meets their commitment.
Kind of like mgmt saying they promptly reported the botched trial yet they conveniently waiting long enough to pay off their loan penalty and their ATM strategy. Who releases extremely bad news pre market on a Monday when they knew of the mishap after they pulled out of the conference for family reasons? All imo.
Yes it looks like no news today unless we get it at 9am. Mgmt always gives their offshore friends time for their exit strategy. All imo.
$1.40 now and soon to go lower without any good news.
What leads me to believe the results are at least 'good'. Chances are, they would not be rehiring or hiring new positions. Usually when money is tight, rehiring's come to a standstill. Let alone creating new positions.
Wrong. They have all the money in the world. They have the ATM. They do not care how long it takes. The longer it takes the more salary and bonuses they receive. Stock price does not matter to them as they just get more options at even lower prices. It is a win win situation for mgmt but not shareholders who actually have to buy their shares. To me hiring people is not good. Just means no partner on the horizon at all. Why would a partner want PPHM mgmt to have any control. They don't have a good track record. All imo.
PPHM's IR representative told me in an email that it was an intentional mistake by a CRO employee
Really who cares! Unless they put it in a PR it is meaningless! IR also said they missed the conference for family reasons! Do you believe that!
If you want to play those games, IR supposedly said that front line data will not move the needle. Do we selectively take what is the truth? Only thing we do know is that it must have been a coincidence that mgmt had family reasons for missing the conference and then coming up with the PR about the trials being botched. All imo
IR already told investors front line would not move the needle. I'm sure they are telling the truth. They wouldn't present false info to shareholders like skipping a conference for allegedly family reasons would they? All imo.
LOL! Yeah that's the reason. This week it is stock options, last week was conspiracy, next week manipulation. Alwasys something. What happened to the weekly summaries? Did we stop after week 1?
Dow still near record highs, PPHM still near lows. Stock price at RS in Oct 2009 $3.20 now $1.40. Stock price in Oct 2003 over $7. Mgmt continues to create shareholder value. All imo.
(5) upon discovering the mistake, defendants promptly disclosed it to the market.
Notice had they used the word promptly not immediately! How do you they pay off the loan and penalty so quickly before the news was out? They had no problem closing that deal but now over 9 months counting with still no partners, funding or answers.
They obviously imo knew way before they announced it. Remember they pulled out of a conference for "family reasons" before the announcement LOL! Instead of announcing it after market on Friday they announce it at the worst time Monday morning without even a conference call to expain what happened. All imo.
King also stated we could have a commecial product in June 2012. He also stated that Dios contract could be worth up to 50 million dollars. He also stated we are in talks for the last 10 years. His track record is not good. All imo.
Time for Transition Part II begins in July with a Loan and 1st Line Data
We were told that it is a fact that front line data would be released in two weeks on June 5th whcih means by tomorrow. We shall see as always. All imo.
Our legal team has not done well in these international (or local) for that matter license agreements.
Why is it a surprise? Our legal team already lost a big case with Epstein and China years ago. One of the lawyers back then on our payroll is now our COB. It seems we reward incompetence with raises and promotion. Nine months and still getting to the bottom of this. All imo.
$1.51 now. Price tells the story. Will there be a pipe announced today after the bell?
It was posted on another board on June 5th that data will be released within two weeks. That means by June 19th unless that timeframe corresponds to mgmt's timelines which then could be months. Could it be that people already know the results? All imo.
Now $1.53 since we like to update prices. What do you smell now?
Jake, I think you are being a little harsh on the BOD. After all remember they did an exhaustive search for a qualified COB and did numerous interviews and background checks and they came up with the prestigious Carlton Johnson. Don't get down because Carlton said he was going to get to the bottom of this. I believe that was 9 months ago and counting. All imo.
LOL! Yeah we haven't waited long.
Adjusted close at RS in October 2009 = $3.20
Adjusted close in October 2003 = $10.50
Keep making excuses. Don't worry one key informant has told us a partnership has been made and will be announced very soon. All imo.
Yep. Same old story. $1.63 eom.
Slim chance today. 8:30 has passed. Mgmt tends to release PR's pre market at 8:30 perhaps to give ES and his off shore buddies a chance to make more money. If no PR at 9am then we will not get news. History tends to repeat with this team. More likely a head fake for more selling. All imo.
Adjusted stock price in June 2003 was $7.50 todays price is $1.63.
SK has collected probably over $3 million in salary over that time not including options and bonus. The BOD has collected about $800,000 in board fees. Amazingly nobody has lost their job.
The most ridiculous and telling action by the BOD is when they had a chance to pick anybody as a COB they picked Carlton Johnson. People defending that decision were saying he was just a placeholder for the buyout that was near. Some things never change. All imo.
Another day of CJ getting to the bottom of this.
Price at RS $3.20 in 2009, current price June 2013 $1.63.
DJIA in Oct 2009 9500, current Dow 15000.
Kudos to mgmt! We are so close though!!!!!
Didn't SK say we could have a commercial product in June 2012? Just one of many missed projections.
Dose of Reality. Oct 2009 price at time of reverse split $3.20. Now over 3/12 years later stock price at $1.62. Yes Kudos to mgmt for their tremendous job in increasing shareholder value.
Sounds convincing but if you can place them there (hypothetically of course)then why is it taking Carlton Johnson eight months to get to the bottom of this. Seems like the police would easily have grounds for an arrest if someone pressed charges don't you think? Question is why nothing done yet? All imo.
They salvaged the second line NSCLC and got phase III approval...the screw up was not their fault
That has not been proven yet!
Well, that depends on what your starting point is. I would say from this point on yes, although you will probably get another pump with first line data unless of course that is not good. We have now gone through FDA appoval for Phase III and the rest of the data with no real appreciation. Not much left except the money deal and mgmt's past speaks for itself.
If no partner you will get massive dilution and probably back down while the process starts all over again while we enroll a trial by ourselves and then you have to worry about another botch trial further down the road under the guidance of this mgmt team and more "BP sabotage". PPHM would not survive a phase III sabatoge. We no longer have Thorpe on our side and BP now holds all the cards imo. The longer we wiat the more pain for shareholders as they get diluted. Mgmt does not care how long it takes. They may prefer it even take longer since that will be another couple of years of salary and cheaper otpions. At this point you have to wonder if mgmt's main objectiove is to get the drug to the market and help save lives or to just gather as much money as possible. Time to get to the bottom of this! All imo.
I also think those were the days when Peregrine could have sold their soul and Bavi pipeline and "would" have reached that $10 target as prediected by Roth.
LOL! So they took it upon themselves to "save their soul" and to deny shareholders a ten bagger profit and to delay the progress of their drug and now shareholders are happy that Roth has a $7 price target? You can't make this stuff up. All imo.