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.
Reality is at Reverse split price was $3.20 now price $1.82. You can keep repeating intentional dose switching all you want but nothing has been proven yet and the lack of any charges, amd partners tells the story. Now 8 months and counting and CJ has yet to get to the bottom of the botched trial. All imo.
Our major BOD member has his own venture firm and he will not even fund PPHM! That in itself speaks volumes imo.
No Question that PL will be selling ATM shares. Without a partner, they have no choice. Over 8 months now after we were oh so close to a partner, six months on Cotara. Only one piece of data left. Mind boggling how there is not a bidding war for this stock unless data points are missing. At the very least, they should have a bridge loan in place. All imo.
Wow if our great PR team told us to concentrate on ASCO instead of the botched trial updates then we will are in big trouble. I guess we will never learn what PPHM and mgmt's role in the botched trial really was. I wonder if that is on purpose. Can't think of one reason if it was done as purposely as people want us to believe that the press hasn't latched onto this story of this breakthrough drug that can save lives is purposely being sabotaged. Oh I forgot the press must be in on it. All imo.
Don't forget that right after the pipe ES bought shares on the open market to try to save face. Yep the sad part is not one member of this mgmt and bod team has the paid the price with their job over the many mistakes they have made some of which were very damaging to the company and shareholders. All imo.
The fact that the dose switching did not prevent a phase III puts the bad guys in a tough spot IMO
It also puts mgmt and the BOD in a bad position also don't you think Unless you consider them the bad guys which could be possible). They went on record saying they were oh so close to a deal and adding board members. Well where are the members. Were they again stretching the truth of we are in talks? SO mgmt stated a preference for having a partner on board for both Cotara and Bavi before the phase III approvals. They have failed on both drugs to partner so far. Is it BP greed, mgmt greed or both. The longer it goes the more the patients suffer and the less chance of success as other drugs pass them by. I know the next four months will be critical LOL! All imo.
No dark forces. It is quite simple. Nothing will move this stock except a partner or a financing deal which it seems mgmt was either lying before about being so close or too greedy to accept a partner deal. Really no reason for mgmt to not accept deals on their terms because they could just continue to collect their yearly paychecks, bonuses and stock options while they dilute the shareholder and delay treatment to patients and if it takes an extra three to 5 years and millions of diluted shares so be it. They are in a win win position unless they don't have the goods. All imo.
Great news! I still don't understand why mgmt doesn't set up a Conference call today to discuss and answer questions about the FDA decision. To me it is a wasted opportunity to flaunt your success. All imo.
Agreed. However we are all still waiting.
Please. This is coming from an IR/PR team that stated that PPHM was pulling out of a conference because of family matters.
If he can state it in an eamil than state it in a press release otherwis it is worth nothing. All imo.
KT if you want to play word games then you stated:
An employee at CSM was found to have inserted intentional coding errors
That sounds like a fact not a motive or an opinion referencing another post as opinion on the board. You can be cute all you want. I just asked where is the proof verifying that statement that you made. You can say OJ is guilty all you want but the fact is it has not been proven. All imo.
All I am saying is people here throw things around as fact when it is not.
One thing I really find perplexing is if the prevalent feeling here is that BP sabotaged this trial and will do anything to stop it then how in the world can you think that this mgmt team and company can run a bigger and more important Phase 3 trial by itself? Seems ridiculous to me. Of course they can do it since they have the ATM shares and can kill the common shareholder and collect their bonuse and pay like they have been but there is no way anybody can have any confidence that they could get through the trial alone when they have had so many mistakes in the past. Seems to me that if mgmt really cared and if they had the goods they would get things right and partner so that the trials can go faster and smoother. All im.
Can you show me where in a court of law that anyone was found guilty yet?
An employee at CSM was found to have inserted intentional coding errors
Did I miss a lawsuit decision or is this just an assumption as usual?
Either way, CP's estimate is not out of line based upon historical possibilities.....which is my only point here.
No it is not based on historical possibilities! Geez, check your research. End of fiscal year reporting is done in July.
Happy Mothers day to all. Time to quit for the day. All imo.
April 30th plus the same gives us Jun 10-12th. This is based upon the most up to date reporting timeline we have available.....so would seem to be the most valid for comparison.
Again, April 30th was the end of the fiscal year. You need to reassess your research.
Among others I think we may expect some announcement of the last quarter results CC date for around JUN 10th.
Come on CP check your research! You have to know the end of April was the end of the fiscal year for PPHM. No way they have a CC set for around June 10th. It will be in July. At some point we have to stop stretching for positive information. All imo.
CJGaddy has pointed out that management have mentioned 8 times the importance of a partnership for liver cancer using Bavi/sorafenib.
So what? Mgmt has pointed out we are in talks for how many years now! They also pointed out we were oh so close eight months ago and Carlton Johnson pointed out that he would get to the bottom of this.
At most publicly traded companies, someone would have been held accountable. You can't just blame it on a vendor - even if intentional.
We still don't know any official facts about the error so it really is hard to say for certain that it was intentional or not and who is to blame. It is a mystery why mgmt still wants these facts hanging over the company. All imo.
Why get a real bank bridge loan when you can just take ATM shares (oops I mean dilute) from hard earning shareholders? Mgmt doesn't have to worry about being diluted because they just keep getting free options year after year so they can keep screwing up year after year and not worry about being fired or replaced. It is just amazing how these guys can look at themselves in the mirror without disgust. Hopefully karma catches up with everybody. Just laughable how the talk was that things were close because mgmt moved up their last option rewards in December. I guess the pillage just keeps going. All these rewards while the price is at $1.40 now and at RS it was $3.20. All imo.
With so much hinging on this gold standard trial of course they had to do everything possible to salvage the results after the intentional switching of vial labels
That was my point that they had to do it. As far as intentional switching of vial labels, that is all just conjecture until an arrest is made or all the facts are pubicly made available. Mgmt's silence on this issue and their actions in the past show we may never know the whole story. All this creates doubt as to who is involved and PPHM's role if any. The coloud hanging over this is why it is puzzling that PPHM has not solved this issue as Carlton Johnson promised going on 8 months ago.
Again, we supposedly were oh so close to a partner before the tainted data. If the data is as good as mgmt wants everybody to believe than either BP who has had to seen the data doesn't agree with mgmt or mgmt was telling more fibs about being oh so close to board members and a deal. Now would be the perfect chance for a BP who wasn't invloved in the supposedly first deal to swoop in and steal the deal away form the original partner if the data is that good wouldn't it? All imo.
You have to read a little more carefully. I never said they didn't request a meeting. Simply said they had no choice to meticulously go over data and say they are moving forward with an FDA meeting. Anybody could request a meeting and I am sure they did. However if they really feel that strongly about getting a Phase III approval then BP surely does not seem like they agree. Would have been easy to get a bridge loan instead of selling ATM shares if they were that confident. Maybe SK would have even fully participated in the stock discount program. All imo.
I do not believe Peregrine would have gone to the time and trouble they did to meticulously examine every detail after which they decided to move forward with the FDA meeting without having a high level of confidence in the results and liklihood of gaining approval to move into a phase 3 trial
Mgmt really had no other choice but to meticulously examine every detail and say they are moving forward with the FDA. How else would they sell the ATM shares? Still waiting for our COB Johnson to get to the bottom of this. All imo.
People will call me a crazy man and laugh, but my belief is because it is the will of the people with the money and the algos to keep us here.
All mgmt has to do to increase the share price is to get a real bank loan period! That is the reason it went up before as the price went no where when they released the data. The rest is just noise and wishful thinking which has been as wrong as you possibly can be in the last six months. All imo.
Didn't our CEO SK say that our share price flows with the ebb of rhe market? I guess he was wrong or told a fib once again!
Market at all time highs. PPHM now $1.39 price at RS $3.20. All imo.
Are you kidding me? There is no way to justify SK's lack of full participation in the stock buyback program.
He is getting stock at a 50% discount for crying out loud!
He is the CEO of this company and yet he doesn't purchase the full amount of shares he can at a 50% discount? If he doesn't want to buy shares at a 50% discount why should anybody pay full price? Get real! All imo.
The CEO of the company doesn't even fully participate in the company's discounted stock purchase program. This is outrageous with the bonuses and salary that our CEO makes. The stock is also significantly discounted from market prices. Makes you wonder if they just want to keep their jobs. All imo.
I just don't want to see a repeat of this!
February 24,2003 Peregrine Pharmaceuticals Receives FDA Approval for its Cotara(TM) Phase III Registration Trial Design for Brain Cancer.... The end.
It is already happening with the 2nd reincarnation of the Phase III Cotara trial. Didn't we wait about 18 months to get the FDA to approve a partnerable phase III trial? Yet here we are over four months later and still no partner for Cotara. What happened to the partners who they were in talks with while designing the trial? Rinse and repeat. All imo.
You are probably right if that indeed happens but as of today it is just a pipe dream. Not many people seem to agree as stock price is at $1.35. How long do we have to hear if this happens or another 3 months before mgmt actually is held accountable? Having to sell ATM shares at 1.40 with no financing deal speaks more than wishing something comes true. All imo.
Peregrine is laying the groundwork.
LOL! Peregrine has been laying the groundwork for years. That is more options, more bonuses, another year salary all the while not making a deal that we have been in talks for years . Too funny! Nothing more than material to get the ATM sales done today. Market seemed real excited about the groundwork as usual. All imo.
That type of statement basically says the company is on the take. That launching bavi is not their primary objective. That if it happens it happens, and if not we will still squeeze as much money out of this as well.
Maybe that is why we trade at $1.43 after another PR. THE STREET DOES NOT BELIEVE ANYTHING COMING OUT OF PPHM'S MOUTH
All you need to know about how the company feels about moving the company forward is the appointment of Carlton Johnson as COB and the still extra vacant seats on the board. Remember we were oh so close seven months ago which is the same amount of time the missing Carlton Johnson said he would get to the bottom of the tainted trial.
Would you believe a mgmt team consisting of ES, who owns a financing company and can't get PPHM financing and the rest of the board who has connections to him and who were all involved in penny stocks and whose arguably questioning dealings with their companies can be researched. Throw in the fact that they don't have any science experience and most of those that do are paid consultants. All imo.
And there you have the 10 Margaret Hamburg spoke about on March 15.
In other words, all of the gut feelings and guarantees that PPHM would get BTD was false! Another bitter disappointment but I am sure some other pie in the sky or wait till ASCO predictions will be coming. As usual pre market news coming back down. Mgmt got what they needed to sell ATM shares.
Still amazing that with ES owning a financing company that mgmt still can't get a real financing deal. Yet we are to believe we are a 4 billion dollar company but shareholders are content with mgmt giving away shares at near all time lows. All imo.
News today is predictable as PL just has today and tomorrow to sell more ATM shares for the fiscal year. Need volume to do that. Just another reason why PPHM always seems to release news before the market. It gives ES and his offshore buddies time to maneuver. All imo.
For the same reason a reverse split has no effect on value! it's just a procedure to maintain compliance. Simple math. It kills me when I see stock holders vote against a stock split. Only to find they are delisted, end up on the pink sheets. And see the the share price plunge.
It kills me to read how people believe the RS is a good thing. Companies that RS have to because their mgmt failed their shareholders or they have no product worth anything. In case you don't remember stock price at the time of PPHM RS was $3.20 now price at 1.38 and that was how many years ago? In that time stock price since RS is down over 50%.
Steve probably still needs more money since if you remember he can't afford to fully invest in his own companys discounted stock program. Ridiculous the arrogance of the whole mgmt team and BOD. Naming Carlton Johnson COB still has to be the biggest slap in the face of shareholders. That one act alone tells you what the BOD and ES actually think about the shareholders and creating shareholder value. Just protect the offshore buddies and yourself. All imo.
Last year there was an option award May 8, 2012. King got 500K shares, Lytle 200K, etc and the board got 250K. Will this year be a repeat in spite of the miserable performance and will the pps stay at this level or lower until after that date. Inquiring minds want to know.
A miserable performance by mgmt has not stopped them from keeping their jobs, granting options and salary increases before so why would they stop now especially with so many naive shareholders.
Mgmt has shown they have no conscious or guilt from taking money from shareholders. All imo.
Like I said before you probably will never get a PR resolving this tainted trial as to what actually happens. Unitl and if that happens the investment community can always assume that peregrine the company was involved in the error regardless if they were or weren't. Why mgmt would want that doubt over the company if they truly were not involved is mind boggling. However our missing COB Carlton Johnson did say he would get to the bottom of this 7 months ago and we all know mgmt always tell the truth. All imo.
I think it makes perfect sense to keep harping on things mgmt can fix but refuse to do so. How else do you expect to make them change. If people didnt watch mgmt you would never have found Madoff, Enron etc... Who knows what may be discovered about ES and his offshore buddies. All imo.
It is clear to me that CSM is going to pay Peregrine millions of dollars for their screw up.
There is a better chance you will never hear of the lawsuit again then Peregrine getting one penny form CSM.
PGG thanks for the reminder. You are 100% correct. There are only 43 trading days left in Q2.
Amazing how people don't even know the FY ends for PPHM on April 30!