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I really hope Bavi ends up coming to market. I'm not sure if I want it to be pphm that does it though. I would feel bad for pphm shareholders to lose out, but pphm management doesn't deserve to be a part of it. I guess I'm torn.
I don't think it's going to matter at this point though. The more I think about this, the more I think that Bavi is never going to see the light of day.
If some other company buys Bavi, I'll buy into that company without fear. I am not even sure HOW pphm will screw up Bavi, but just as sure as the sun will rise, they will.
We all know that more dilution is coming. I think after dilution and lawsuits are resolved, it will be time to get back in. But I think that will be around a quarter.
What is you guy's prediction of the bottom? I have my bid in at 25 cents.
This thing is on a tear after hours! It must have been that hockey stick!
16 years of buying opportunities (pphm)
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by pphm shareholders
Investing in pphm the last 5 years would have tapped anybody out of cash. You're not the only one.
Same boat here. Got out and looking for entry point. Can't wait to see how this all plays out.
You don't just automatically buy or sell because a stock falls 80%. You look at what the news that dropped the stock does to the value. And you compare that value to what the new price is.
If the new valuation is even worse than the 80% drop, you take your losses and sell. It is better than throwing good money after bad.
It's all about keeping your emotions out of it. That's very hard to do. But necessary.
Yes, that is what pphm management really are. Alpha dogs. They are so very alpha.
Look at how they have come out and taken ownership of this disaster and told everybody what will happen moving forward. It's not like they issued a cowardly little statement and then kept shareholders in the total dark.
Yep these guys are right out in front of every situation. Totally prepared for every conference. Great at answering questions.
I do have to ask though: If these guys are alpha dogs, what is an example of a beta dog?
When did the company say "weeks not months"? Is your source for that a message that somebody posted on this message board?
It is a "what if" in the same way as "what if there are unicorns"? The power of suggestion?
Yeah pphm is playing hardball right now. They have guys lining up because of how awesome things are going. They have serious leverage. Maybe....
Just a thought about buying low and selling high:
It's easy to see who bought low in hindsight. But most of us can't tell the future. What if a price of a stock just went way up. Should I not buy even if I still think it's undervalued? I guess people who bought aapl at 250 were idiots for buying high.
It's important to find value. It doesn't matter what the price used to be. It only matters what it is now. People who try to time perfect highs and lows are greedy pigs who get slaughtered.
Tomirons,
Yeah, these guys will keep stuffing their pockets at the expense of shareholders until they drive this company into the ground. Truly a shame and a tragedy.
I am not here to save anybody from themselves. I'm here to talk about pphm. It's a pphm message board. Isn't that the point? Am I only allowed to say good things?
The management is part of the equation. My feelings about them are not good. Nobody is preventing you from expressing a different viewpoint.
Guessing when to buy in is something that some people like to talk about. I think it's good to wait to jump in on this one. That's just my opinion. If you disagree, feel free to say that too.
I'm not attacking anybody on here. Just talking about pphm. I'm fascinated with this whole story and I have my opinions. I'm not saying you have to agree with them.
Nothing to gloat about as I didn't call it. I sold out at half of what it rose to. I had it wrong too. I certainly didn't think it would tank so badly in one day.
I am not going after people on the message board. If you would rather be upset with me than with management, feel free. I can take it. It's probably easier. But I'm not the one responsible for the follies of this company that has cost its shareholders so much money.
Not proud of myself. But management should be ashamed of themselves. Because what they told shareholders is what I just described.
"Hey shareholders, remember all that great data we were telling you about? Yeaaahhh. Just pretend that never happened. Have a nice day!"
Worst management ever. I've been following this company a long time. Bought in January for 1.07. Got out at 2.70 and 2.42. I wish I had gotten out at 5.50 of course, but I only sold when I did because I knew this was pphm. I knew they would do something to screw it up. I knew another buying opportunity would come. This time looking to get in at 25 cents. But if good news comes out, maybe higher.
So you think that this failed trial is still going to result in phase 3 approval from FDA?
PPHM management does not believe that the shareholders DESERVE answers. Even their announcement of the tainted trial results was incredibly vague. No mention about how this affects the company, what the plans are moving forward....etc. They just think shareholders should be kept in the dark.
Until management changes, this will not change (unless bankruptcy).
Oh, you mean the results that are tainted and thrown out? That management announced to the world before combing over them carefully causing class action lawsuits against the company?
What are those "real" results?
If there's one thing pphm has proven over the years is that just when you think you have a great buying opportunity, there is always a better one around the corner. I have no idea what is keeping this from dropping below 39 cents more quickly.
For those of you waiting for a drop before buying in, what's your price? Mine is 25 cents. 39 cents wasn't that long ago and things are worse now than they were then. I still believe in Bavi though. How long till this thing hits a quarter?
I just looked up and saw pphm in the green. I think need to have a movement.
Let's assume for the moment that Bavi works and is a miracle drug. At this point, what reason is there to believe that current pphm management will ever manage to bring this drug to the light of day?
Let's even assume that under current pphm management, Bavi somehow sees FDA approval and becomes a blockbuster drug. In the best case scenario, that is a very long ways away yes?
Doesn't it make more sense to stay out and watch what happens while the share price tanks further on this recent disaster and get in later if/when the company looks like it might survive? If not, why?
If the reason is "you might miss the huge gain in share price from now until that entry point", keep in mind that this is pphm. But please tell me why I'm wrong. I wouldn't mind getting back in for Bavi, but I just don't see the need to be a part of such a toxic stock at this time. What is the point?
While it's true that none of us can see the future, we do know that a lot more money will be needed between now and April. And with the new lawsuits, I think it might be less time now. It doesn't take a genius to figure out where that money is going to come from.
That would be great for the long-suffering pphm shareholders. But if there is any way possible for management to screw it up, they will. Best case is buyout. Most likely thing is more dilution with another trip to sub 50 cents. Worst case is bankruptcy.
The company said to disregard the phase 2 nsclc results. They were botched. The company that did it is being sued. If you eliminate half of the people who died early from the study, that really changes the result. I fail to see why people keep pointing to the results of this study as a reason to be bullish on pphm. Those all get thrown out now. Time to start again.
Most people don't think Bavi is worthless. That's what makes this story so compelling. Such a potential blockbuster drug being destroyed by the worst management in the history of biotech. This is basically Enron. That's why people are so drawn to this. Sorry if everybody doesn't have their pom poms. This is a spectacle. And Bavi could still make a lot of money and save a lot of lives. But the money that is made will never go to pphm shareholders. That is the most fascinating part. Who will profit from Bavi after pphm goes down?
DrRocker,
I have no problem understanding why pphm management would be willing to do a fire sale. What I don't understand is why any company would want to buy Bavi after a failed phase 2 trial. To what extent has it been proven that Bavi works in humans? I don't typically hear of unproven drugs with years of failure getting bought by anybody. Or are people just saying Cotara and the facility/other assets get bought out and Bavi just goes away or comes as part of the package deal? I guess I can see that. But I don't think that offer would be for much. Do you? And that is the best case scenario according to pretty much everybody at this point.
Actually, there are only a few of you left who really don't accept what has happened. The only way you have managed to cope is using conspiracy theories about buyout talks. The conspiracy theories are beyond stupid and not worth talking about. The buyout talks, I am willing to listen, but I just want to know about that rationale. I guess needing to have reasons for my beliefs makes me scared.
DrRocker,
What has confused me the most is the talk of a buyout. Can you explain why people are even thinking this is a possibility right now? What situations in this scenario right now are conducive to a buyout?
Yeah yeah, got it. Chicken littles. It can't POSSIBLY be incompetent management running the company into the ground. It MUST be a massive conspiracy doomed to fail!
This was 39 cents not that long ago. Is this company in better shape right now then it was at that time? I am truly trying to understand the mind set here. Not bashing.
Ok, so here's my take. If the company survives this, then the current price is cheap. But this might be the end of pphm. The company is years away from making money even if it survives. I think if SK steps down, that will improve the possibility that the company survives. Somebody's head HAS to roll here. Otherwise, the company won't be able to raise enough money to survive. Nobody will be stupid enough to invest. Even if SK gives shares away for a nickel each, the amount of dillution that would be required to survive will kill shareholder value. And we know he will sell shares to a nickel to a homeless man given the chance. Does anybody see any way around this happening?
In other words, why does it not make sense to be out of this one until we have a reason to believe that the company will actually survive this without extreme dillution?
TekNuLoof,
Did you just decide that you have too much invested in this game to get out? I'm still waiting for something good to happen. Are you still in?
Johnnyrocket
Thanks for being honest as always. I've seen how right you always are and this is probably what I needed to not be tempted to buy anymore at these prices. I honestly think this could go to zero at this point. I honestly feel very sorry for all of the people that have lost their tails on this stock. But I am still rooting for them. I just feel they are making a bad investing decision based on their emotions from being married to this stock. The smartest people seem to be abandoning the stock and/or the board. But I guess the future will tell who the smartest people are.
Feels more like a slide than a roller coaster. I notice some long time people on this board are getting out now. Has negative sentiment ever been this bad?
I wish I could go to the shareholders meeting. There will be sparks flying in there. They should sell in on ppv. That would make some money for the company.
Teknuloof,
That is my biggest concern about this management. They don't think that shareholders DESERVE answers. We are kept in the dark at every turn. This stock is near and dear to my heart because I made a lot of money on it and somehow I can't seem to stay away from this message board. But any negativity is viewed as bashing. I would never short a stock, but that's what I get called for saying things that we can all see. I think too many people are past the point of no return on this one. But it's time for investors to realize that this management needs to go. Until management changes, I won't be buying back in.