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May have covered legal bills. Certainly far from the 100's of millions, we will own CSM, they will pay for the entire trial etc. outcomes that were expected. ANd of course no indictments, no admission of guilt, no hint of bp involvement.
Ye s, someone has a spreadsheet that says they will reach profitability in a couple of years,.
That is my point ... no one does. The only mention of it is in a court deposition and there was never any mention of its timeframe, conditions, $$ value, etc.
It was hardly a done deal and no one certainly knows the final offer.
Yes, this i correct. Of course the short volumes include exempt (mm trades)
No again you are wrong on this:
short volume = "Aggregate reported share volume of executed
short sale and short sale exempt trades during
regular trading hours"
It includes the MM or exempt trades
There is a tiny amount if any shorting not done by mm for daily business at these levels here. Just day traders and boiler room penny stock folk here. fro the most part
Just look at the price and volume. That tells you about demand. This is pretty simple stuff.
Because no other company would have the chutzpah to steal high risk capital from shareholders via ATM to fund low margin mfg. business. This is a good thing only to the extent that it was a fallback after pphm failure in trials.
The lid? On a stock that trades less than $185k a day. Ok there is buying demand right up to $.34. I wouldn't think that is anything to be happy about. All pphm has is penny stock bottom feeders. Absorbing like a sponge? $185k of two way trading? That is a tiny, tiny sponge. No one believes in bavi. No one believes in pphm. No one wants this stock. Should be obvious.
Yes 25% annual growth over 5 years is strong. Still a small company with no idea of actual profit margins, how much capital they used, etc. And hardly what pphm shareholders have invested in. If you want this type of company, there are much better investments without all the risk that has destroyed so much shareholder value. $75m? - we will see.
Don't question the accuracy of your reporting. But it is a pitifully small amount of buying for a public company. It must put them in the bottom few percent of all Nasdaq companies in terms of buying interest. Clearly very very few believe this is a pearl with astronomical upside.
1/3 the volume - how pitiful. So at ~$185,000 of trading for an entire day does anyone believe the shareprice is being held down? Clearly there is no buy-side interest in pphm.
They expand there because they are not run like a regular manufacturing business. They have the shareholders cookie jar they contemptuously raid whenever they want. It is absurd to fund a low margin business like mfg. with high risk capital like ATM funding. It is a crime against shareholders. No pure-play mfg would do this. Money is at historic lows and capital could be easily found with equipment and order-book.
Yes I can see the VP at BP going in front of the investment committee now, "yes bavi failed it's only PIII, yes the PII data is very suspect and had to be reconstituted, no there are no other confirming trials, no the mgmt. has no track record of success, yes the bod is a bit slimy .... but bavi is good enough" Talk about a career-ender,
No change pphm name to avid, keep share structure, sell pphm assets, get rid of pphm staff and facilities, bank the money in newco Avid. What does any of it have to do with Finken (who btw runs a much more successful organization). No worries? You must be looking at a different company than pphm.
Because if they are break-even with all the pphm bloat, what would the profit picture be like without the pphm staff and facilities. How much cost do you think is associated with PPHM and the bod? That would go straight to avid bottom line. Shareholders would get the cash of the divestiture and own a profitable bio-mfg company. Shareprice would certainly improve quite a bit.
No way of knowing that. The PIII did fail however, in fact the control performed better. So clearly bavi/chemo not working,. pphm has acknowledged that, cancelled related trials and moved on.
They need to get on with the RS and start building back the share price. It is just weight on shareprice. Well what they should really do if the bod actually protected shareholders is; spin-out Avid, sell ip with tax credits o a real company and resign.
You mean you know things that will not stand the light of public scrutiny - those must be real valuable nuggets. Up till now at least of course you have been on the wrong side of pphm. You must acknowledge that to be true ...right? And any private info you have received would be illegal of course, if it were actually material. You need to know when you are being played or you will continue to lose $$ in market.
There are many many more inaccurate posts on long side (cheerleader as you put it) than any other. And btw, which camp has been right? Which camp would have cost a shareholder a fortune in huge losses and which would have saved them $$
No indictments, no investigations even, no claim by pphm this was a criminal act. Finken could have had company confidential testimony is all. If there were more to it certainly pphm could have gotten more out of them then the what was likely less than pphm legal costs. This was another pie in the sky dream by many, pphm was going to own them, they would pay the entire cost of the tiral, etc. Just like bavi for crops, microsoft of bio, bla for failed Sunrise .....
They really need to break avid out of pphm to capture the value. Manufacturing is a low margin, efficiency driven business. If they have additional staff and facilities that are not involved in avid that have to be carried....
The low valuation is based on the fact that Avid business must support pphm activities, expenses, facilities, bod etc. It is the engine of a money pit that makes no profit (pphm). How much is that worth?
Yes just what pphm needs. An entirely new business line. Now they can just keep selling share sto fund another promising venture. No matter though, shareholders pay for the new follie as well as the past failures.
1) It is not darkest before the dawn. It is darkest 1/2 way through the sunset:sunrise.
2) II holdings in pphm are very very low. The stock just churns retail and day traders.