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The fact is, Avid did experience a glitch with a production run a couple of years ago. They corrected it. That no one even remembers any problem with a batch run, goes to show that the answer to the rhetorical question "what if Avid messes up" is ... nothing.
So you know for a fact that AVID mess up meant nothing, didn't cost any contracts with the govt or any other company. Hmmmm
Do people remember that the company has a China subsidiary? Do people remember Medipharm and Dios? Do people remember that SK said we could have a commercial product by mid 2012? Do people remember Mary Boyd hit the ground running? Do people remember the pipes that were just done to get to the deal that was oh so close? Do people remember who Carlton Johnson is and how he is getting to the bottom of this 7 months later when we were oh so close to partners and a BOD member? It just goes to show you that mgmt can just rinse and repeat and keep getting paid with shareholders that like the status quo.
Do people remember that the RS price was $3.20 and todays price $1.40. I guess nobody minds "gut feelings" as long as they say my gut feeling is a deal is near? All imo.
Probably true. Remember when PPHM said they would not sell shares at these depressed levels and then they did at the time one of the biggest pipes at the lows of the year. That was several years ago and I believe PL made that statement on a CC. I believe after the pipe was announced the chatter here was that a deal must be close otherwise they would have financed more. Funny how time goes on and on and nothing changes. We hear the same excuses backing mgmt now and we get dismissed as being negative LOL! I'm sure we are real close to a deal and a board member as was stated 7 months ago. Cotara now on the shelf for how long after trial completed? Didn't this happen the last phase II for Cotara? Price now 1.43 at split 3.20. Dam conpiracy is still working. All imo.
Not Paul but it did happen not sure if it is years ago or more recent as it is so hard to keep up with the stuff that gets buried by mgmt or projections that don't meet timelines. They had a bad batch that they had to discard as it was buried in a 10K I believe. Who knows if it cost us a contract with the govt or how much damage it really did. You can look it up if interested. All imo.
And what happens when Avid messes up and delivers tainted product? Hey, it's Peregrine, always expect the worst possible news.
That scenario has already happened at least once that the shareholders know of. All imo.
IMHO partnering of both Cotara and Bavi are near....and whoever partners Bavi will want to partner for all indications!
LOL! We were oh so close 7 months ago!
whereas our sweetheart tried to prevent bavi from moving on to P3 trial and actually messed with our drug!!
Is that your opionion or fact? I haven't seen an official PR stating those facts or an announcement from any law official. In fact our lawsuit against the company is a non event. Until an official PR comes out you don't know squat but don't worry Carlton Johnson has stated he will get to the bottom of this. Seven months and counting. All imo.
Has anybody asked our missing COB Carlton Johnson when he plans to get to the bottom of this? Now 7 months have passed and no resolution. Reality is stock price at 1.48, stock price before split 3.20. This is all the while market is near record highs, supposedly less regarded drug companies being taken over and/or receiving break thru designations. All the while we sit and sell ATM shares with no PR or deal in sight. Is our new lawyer in charge of buyouts in a mentoring program with Mary Boyd in how to do business? All imo.
You are assuming we have a great drug. So far we have arguably a shady BOD who are all tied together through penny stocks with arguably a shady history and no biotech experience. Throw in tainted trials regardless of fault, history of suppressing data, history of spewing timelines and projections and then never updating, and horrible or no IR/PR. It is mind boggling if we truly have a great drug that our PR department and mgmt team can't get the word out or a financing deal or any deal for that matter. All the while patients are dying and unfortunatly Mr. Thorpe has passed while we stagger at a ridiculous low progress rate with no funding. All imo.
Weren't similar things said three months ago, then 3 months before that and then three months before that? Shareholders who cry wolf.Amazing how time just flies by and still no deals that were oh so close. With the passing of Dr. Thorpe I believe pphm is now even more against the wall. They no longer have Thorpe on their side or any future benefits. Same old same old. Only thing that doesn't change is that mgmt gets paid, they get bonuses, they get options and data, results and promises magically disappear or get delayed. All imo.
Not quite the PR I was expecting
LOL! Why in the world do you PR this after the market closes? Lets see we always PR bad news before the market but decent news after the market. Nothing ever makes much sense with this company.
Thanks Cheynew! I guess as usual nothing will come of this. I guess we are left with FBI and the FDA to expose this great sabotage scheme! LOL!
Nope. End of April is end of the fiscal year for PPHM which will mean more dilution since the company will have to sell more ATM shares by end of month for the books. Company still sold about 4 million shares last quarter or about 3 percent more dilution for the company. End of 2nd quarter FY13 means end of June 13 but going by PPHM mgmt time you have to add a year to that. Wasn't SK hopeful for a commercial product by June 2012?
Why hasn't anybody posted CSM response which was due March 8th? Will this also be swept into oblivion as several other events have? All imo.
I was in Suzhou, China a few years ago
Did you happen to stop by our China Subsidiary! :) Just another one of mgmt's farces. All imo.
Yes Bungler, Patrick Crutcher has made it abundantly clear where his heart is re: $$$$ made via Shorting vs. potential help for Cancer Victims…
Please, arguably the same case can be said about mgmt if they are indeed too greedy to sell to BP. We don't know if any real offers have been made but if they have there is no way of knowing if they would be acceptable to shareholders. There is no arguing that perhaps the errors that have made could have been avoided with a real mgmt team and BP backing. There is no arguing moving forward would be faster with money and BP backing. This all assumes that mgmt has indeed been in talks for years. Mgmt holding out for more money could be costing cancer victims also. All imo.
Does anybody have a example of a smaller biotech that had a history such as pphm with a large building up of short interest (bear raids) and then got smacked while the short interest was high or are we going to have to have an event that lets them all cover?
If we pay intention to the history of pphm then there is no doubt that there will be an event that lets them cover. Mgmt has not burned their friends to date and I see no reason for the off shore friendlies to get burned. All imo.
The only ones with some concerns... are those illegally trading Peregrine and those possibly tied to the hedge funds under investigation."
Why do you agree with that part? Do you have any proof or is that just your justification for the stock price being at $1.31?
Seems like the only ones without concerns would be people who don't own shares or are friends of mgmt. All imo
Well what happened is basically two presentations with mgmt begging for money and basically continuing their crying we are in talks propaganda. I think the street realizes that the company is at least six months away from getting a decision on the FDA and that the big investors don't have much confidence right now in the tainted data or believe mgmt.
Just think after today's conference when no partner or financing is announced again with the same old story the stock will drop again tomorrow.
All it would take is a decent financing deal to stop the dilution yet the company either refuses to do it or can't find a taker which is hard to believe when ES has his own venture company. All imo.
The only ones with some concerns... are those illegally trading Peregrine and those possibly tied to the hedge funds under investigation.
What a riduclous statement! Do you have any proof or links to substantiate or do we just continue to post unsubstantiate fluff. All imo
Does anyone else feel that the 1st line lung cancer results might not be that great based on the following Q/A with MLB?
Uh, if you take the success history of this mgmt team I think the answer will be a resounding yes!
They just diluted another 4 million shares in February and of course they were near the low range as PL always knows how to please friends of mgmt.
Where is the response from CSM that was due on March 8th? All imo.
Funny thing is even with the discount our leader SK doesn't even fully participate in the employee purchase plan. Quite Ridiculous. Then again, when you can keep getting more free options at a lesser strike price every year regardless of performance why bother spending your own money.
Reality after two major data releases, two dog and pony shows, share price at reverse split $3.20 todays price $1.38. Now laughably the first line results will be our jackpot. Wonder what will be the consensus after nothing happens. I guess the partners that were oh so close don't believe 100 percent that we are getting phase 3 approval never mind a break through designation. Who in their right mind would gamble on missing out on a 50 billion dollar company right now after seeing the data?
All it takes is two companies to bid against each other. Guess that isn't happening or they are secretly in collusion with each other to keep the price low so that whoever wins the deal pays less. Yeah that's it! All imo.
You should care from an investors point! How much money has been wasted in redoing Cotara phase ! and phase II? Geez no wonder mgmt can get away with anything. All imo.
Please you are stretching things as usual. Mgmt already has had conference calls and meetings with "investors" since the pending lawsuits. After the conference tomorrow and nothing new happens what is going to be the next theory? As far as the Pr guy, all you have to remember is the PR company for mgmt once said we were pulling out of a conference due to family issues. Enough said. From the looks of todays share price nobody is expecting anything good. All imo.
Nothing like going to dog and pony shows with nothing new, stock at near lows, data released, suspected data and mgmt crying wolf that they are in talks. Yes conferences should be received well.
Update price $1.25, price at reverse split 3.20?
How long do we have to wait for a Cotara partner? All imo.
One more day until our leader and mgmt get completely embarrassed by presented at a conference after two significant data releases and state that we are in talks with partners! The company who cried we are in talks for years! All imo.
It's so discouraging reading this board sometimes. Always the "next" trial that will ge us a deal or make the pps move. A little too much hope on the board right now for 1st line. And every time someone mentions breakthrough, I cringe. If what the company has told us to date is true, there is enough out there for a deal.
How about a loan? SOMETHING. Anything to show someone else other than management and Ihub believes in Bavi. Starting to feel like I own a bunch of Avid shares.
Great and truthful post! First line trial is not double binded. The data is known. The fact that we can't even get a loan is telling. Remember even mgmt put their foot in their mouth by saying that Oxford would have no problem doing another loan. So what's the problem?
Sombering fact is we waited for over a year for the FDA to approve a Cotara phase 3 trail that mgmt agreed upon and insisted upon but yet after another three months there is still no partner. Where are the partners they were talking with when they were waiting for the FDA decision? The supposed partners knew exactly what the trial would be if approved and the data. My opinion is there will never be a big deal of Cotara as it would have happened already. As always with this mgmt team it is the mgmt who cried we are in talks. All imo.
I suspect any substantial news will be out of nowhere after lulling us to sleep for weeks
You have been telling us for weeks that a BP annoucement must be coming by March 8th otherwise SK will look like an emabarrasment at the conferences! Does everybody change their story so much that they can't remember what they have said?
First it was bad news if data came before announcement. Then BP before conferences. Reality looks for new good news till at least six months. Not even meeting with FDA till mid year which is July. Figure in PPHM calander time and that is July 2014. All imo.
The timing fits considering quarter end next week.
The quarter ended at the end of January so the timing doesn't fit! Time to come up with a new theory which seems to be the norm when things don't pan out. All imo.
And if a partner is imminent, they would want to complete a deal before then for fear the company might say something positive that would make a deal more expensive.
If the data was as good as everybody thinks it is then the partner would have partnered before the data was released as that would have been the cheapest if the data was good.
I guess we are no longer standing behind the previous statement that it would be a bad sign if the data was released before a partner was announced? All imo.
You could be right stock now at $1.78. Maybe you should double up your account and buy 5 more shares.
yes. The market has manipulated PPHM for the last 10 years. It has nothing to do with the shady backgrounds of mgmt and the BOD. Still waiting for the FBI results LOL! All imo.
This trial was a success
That is all relative and just your opinion. If you don't like to deal with facts than you can keep posting your unsubstantiated theories and be happy and keep ranting at people who post reality. Fact is obviously lots of people don't agree with you as stock is $1.81 and all the stock in the world can be had at these prices. So you can either deal in reality or live in fantasy. Fact is real shareholders who have held this stock for years have every right to demand that mgmt change their ways. There is no excuse for having Carlton Johnson as COB and no excuse with ES on the board that this company can't get financing rather than diluting shareholders into oblivion. If you are happy with dilution than you either don't own enough shares or you are friends with mgmt. That is my opinion only!
I also believe with the announcement of todays data the idea of a grand slam, home run or whatever you want to call it is gone for at least a year. Mgmt still has not found a Cotara partner in which the trial was completed over a year ago. Now they tell you they will not even meet with the FDA till mid year 2013 for this trial which in mgmt's past performance you can add at least a six month delay and then months till the FDA makes decisions. Now we know why the extra share authorization and the Roth conference. They will need lots of money for consultant fees and salaries while they wait around. All imo.
Oh I forgot. RS price 3.20 current price $1.80. Mind you this is after a gold standard trial has been completed and data announced. All we have to show for a gold standard trial that cost shareholders major dilution is suspect data in only one arm. BP now holds all the cards and it will not be pretty. No way imo that mgmt will make a deal here seeing how greedy they have been in the past and all the shares available for them to dilute shareholders. There history and background speak volumes. I see nothing short term to move this stock other than a partner and we have been in talks for years. Now we know why we are signed up for Roth. Begging time! all imo.
One positive I gather from all the back and forth is that PPHM management will be more realistic in their partnering negotiations.
In other words all the ridiculous 50 billion dollar market caps should be history. It is what it is. This company has a 300 million dollar market cap because we have damaged data and no credibility as a mgmt team. We were oh so close to partners 5 months ago and now the data is shown and still no partners. That means no one is banging on the door and we have at least a six month wait until we even know if the FDA will accept the data. Quite ridiculous that mgmt can't get a partner or board members on board after all this time. All imo.
CP. At least today there is a NOT PPHM related reason to keep us below 2$, the option max pain.
You are really stretching it now. There are about 2400 puts at 2 comapred to 3400 calls at 2 for Feb so there is not much to manipulate. In actulally the puts are in the money now so if someone actually cared we would close right at 2 dollars today which would be good no? All imo.
CP, I wrote he only increased his shares by 500,000 which is not a lot and his percentage of ownership actually went down.
You followed with:
Dart increases his shares by 50% and you conclude he has a lower % of the total outstanding shares then before.
Enough of these silly posts back and forth. You win! :)
CP, No comment on your mistakes as usual! You are always quick to call out people and then when you are proven wrong you are very quiet! You really have to check your facts before you go on your rants. It diminishes your quality posts.
PS it should have been 120 business days in my last post :)
You really need to get your facts staight. Dart did not double up his shares in 2012. On Feb 14, 2012 he reported 7,421,760 shares! You know the same way you stated we had the same Outstanding shares and mgmt didn't sell any ATM shares and the same way we were opening up at $4.06, the same way we had 180 business days for the lawsuit.......
It is great news however that Ayer did increase their position by 2 million shares although they have been know in the past to sell out immediatley on bad news so who knows if they sold out.
Why start doing that now! They never have in the past
Exactly, Now more than ever they need to build up trust with the investment community. They need money so why not make sure your message is getting out there and getting out there clearly.
Just because they never have in the past doesn't mean they shouldn't do it.
Does that mean we only want them to do things they have done in the past such as hiring CJ as COB, Dios deal, arguably deceiving about presenting the HCV data in an upcoming conference, our China subsidiary, we are in talks, family issues, we were oh so close etc.......?
The cost is negligible compared to the benefits. Hell there was probably more money spent on their xmas party. The problem probably is that nobody really works at PPHM full time. They are mostly consultants. All imo,
I am surprised that there hasn't been so much conversation on Dart's filing yesterday. I find it very disappointing that with the stock near all time lows he did not increase his holdings significantly. In fact he owns a lower percentage this year due to dilution by close to 2%. So where did all those shares go that everybody was saying was going to institutions in September? All imo.
While I am grateful for the update, instead of IR having to explain the results to shareholders why doesn't mgmt hold a 15 minute CC when releasing significant data so they can effectively explain the results and answer questions. The problem consistently with this mgmt team is that they never give the full picture. They always leave something out for no reason which leads to doubt. If you know or think you have good data you should get the word out period. This has been done over and over again by mgmt and imo there is no excuse for it. Especially when you are selling ATM shares over the years. All imo.