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Well said and right to the point! Hope your lawyer contact is fired up. Pretty sad when you have "real" longs wanting the price to go lower so they could supposedly buy more! Price near all time lows, same people in charge year after year and yet still collecting bonuses and options when so many people are out of work and sick. How come our head of clinical affairs is never quoted in PR's or heard from? No need to worry our next "real" data is coming soon. Instead of hiring a PR firm they pay now two people full time and comically still haven't found a qualified board member with the same qualities and morals that the board is looking for yet continue to sell ATM shares at these prices while they grant themselves more options at the low prices. All imo.
PPHM market cap right now less than 80 million. Price is at 94 cents. Unfortunately that is the harsh reality right now.
Jr. I don't know what you are worried about. We haven't had any real news in over two months, we are now 8 months delayed from our original June 2011 deadline and two months behind our end of 2011 deadline. But have no fear if there was anything wrong with the Cotara program Garnick will kill it because he told us he has no problems killing programs that show no promise. The problem is will mgmt tell us? This mgmt team after all has pr'd employees hirings such as Garavoy and yet never mentions when they leave. This mgmt team suppresses PR's but announces investor conferences. It can be argued that this mgmt team has just let things disappear such as updates on our Shanghai branch(shell, lie or does it still exist?), our Dios deal (company bankrupt), burried the facts of our lawsuits in SEC reports to sift out that we basically lost our case to Epstein, updates on Duke, biosimiliars, avian flu, medipharm, affitech, Stason etc....
Concluding things have to be going well. Why else will you give out unprecedented bonuses and options when the stock is at all time lows and the same mgmt in place for the last six years. They must be doing their job well no? I don't think you would keep rewarding personnel and retaining them year after year if they weren't increasing the value of the company. Plus we are only four months away from perhaps having a commercially availble product as mgmt hopefully stated in 12/09. Maybe that also has to be updated.All imo
Uh, yesterday it was said the price was manipulated the other way with volume. Amazing the manipulation theories still exist after all these years.
For a minute I thought I was reading your post from December. You know when you said we will know for sure by end of December. Can't wait till read another one in July.
Boy are we getting desperate with our replies. Almost as laughable as trying to say mgmt doesn't benefit by just replenishing their expired or worthless options every year. Can't argue with that LOL! Too bad there wasn't a majority in all the scams before such as in Goldman, and Madoff. If only there were more negative posts mgmt would have stopped.
Lets start a campaign. Since mgmt may read this board and base their decisions on it how bout we all click our heels three times and tell mgmt to appoint members to the BOD, hire a PR firm and for Mary Boyd's sake stop her from running. All imo.
BTW, still waiting for that Roche deal to be announced. Market cap less than 100 million and we still have to hear how our IP is worth 11 billion. You can't make this stuff up.
Yes a newbie wouldn't have read the thousands of posts about Roche deal, govt contracts Cotara news and randomized data by end of last year. Always something else. Wow lets get excited we are moving to 95 cents now woo hoo. No wonder mgmt feels they can get away with anything. All imo.
And yet nobody at this point wants to buy at 94 cents today! I guess no announcement on Roche deal today but there is always tomorrow. Next year SK can get 700,000 options at 50 cents. Hopefully they have some interviews for the BOD seats today. Time is wasting money. All imo.
It seems we say this every year when mgmt gives themselves lower priced options and more options that this will be our year. It has to happen one of these years just be the law of averages. Lets hope it starts tomorrow. All imo.
Don't worry Chey. More documentation is being recorded. Why do you think there are no other board members and only an internal IR/PR? Paper shredders may be busy in Tustin. All imo.
Too funny! Keep making excuses. I'm just waiting for that Roche buyout thats already in place to be announced.
I assume you will call out the agendas when they post we have a 11 billion market cap and mgmt following their plan and Roche buyout. The hypocrisy is so obvious but if it makes people feel their right or better so be it.
Fact is 95 cents and under 100 million market cap with four months till mgmts hoping we have a commercial product and so on and so on. How is that search going for a new seat on the board?
I would think anybody who is okay with this 10 year plan definitely has an agenda if you think about it logically.
Facts are facts. You can whine and complain about posters all you want.
When you have mgmt bragging about their employees plaques on the wall in front of shareholders you then need your employee to perform. People who make excuses are usually not winners.
Regardless of circumstances the fact is mgmt to date has not been able to deliver on their own timelines, deadlines, milestones etc..... No matter the cause it has cost shareholders dilution and continues to cost shareholders dilution every day of the week. To date it has always been something that has caused things to not come to past be it the Avian flu, Duke, Shanghai office, Cotara, AVID, Hep C or Biosimiliars.
Mgmt and so called consultants have been getting paid pretty well over the last couple of years and its time to deliver. I don't care what you call it, if you are being pumped up to be the savior and guru of getting things approved then get it done. So far it has been at least a delay from June 11. No different results to date than from anybody else as a matter of fact our market cap is lower than at the time of the RS. All imo.
Your words not mine. I am just asking if there was any update since we were hoping to have a commercial product in four months from mgmt's mouth. Again it speaks to mgmt credibility that they can't meet hardly any of their own deadlines. Are we six months behind, another year, two etc...
On Cotara we were supposed to have a meeting in June 2011 we are now in Feb 12 and still waiting. Results speak for themselves. We started over from Phase one to get it right. We supposedly have a consultant expert so lets get it going. Every day is more dilution. Already no hope of big up front money from data that has been released. Running out of data. Almost time to start new trials and rinse and repeat for salaries and bonuses. All imo.
No mention how Garnick and SK were hoping to have a commercial product in 2 1/2 years from the 12/9/09 call? That would make it June of this year. I guess since Garnick can't even get the Cotara Phase 3 trials started since June 2011 this is out of the question. All imo.
We went up on a nice volume pop
Thank God we went up but volume was the lowest in the last 8 trading days so I wouldn't say on a nice volume pop.
Do you think we have found those 6M shares yet
Well we know where 2.2 million went!
Chey, What is even more amazing is that mgmt will suppress PR's which would shed a positive light on their company and will not hire a PR/IR firm to promote the company along with hiring a force on the board but they will go to a conference and put on a webcast and in black and white for everyone to see once again their delays with Cotara. You can't make this incompetence up. Now I am not saying to hide info but if you don't promote positive news why in the world would you go to a conference when you don't have to and tell the world you are further behind again and will need more money. Quite ridiculous. So lets tell the investment community our problems for no reason but lets not answer shareholder concerns or take measures that would improve our financial situation. All imo.
Does Blackrock still have the position? Looks like Ayer has sold out according to their latest filing.
Good Question. Some people sure have egg on their face today after Ayer dumping don't they?
So lets see we now know that at least close to 1/3 of the offering that mgmt paid their analyst who has a 10 dollar target on to broker a deal with stong hands now has dumped their shares. Hmmmm. I wonder if they already had their shares short or sold in a rally.
The real disconcerting point is that this financing deal brought the stock down from 2 dollars to today which we haven't recovered. At which point will mgmt wake up and realize that they only look smart comparing themselves to each other, Johnson and Lytle. There are people way smarter than ES out there and right now they are proving it.
Mouse, 25.6% ownership still never proven but nice try. Fact is price is 95 cents even with Roche already having a buyout deal in place, secret government contracts, 10 year manipulation, 11 billion market cap worth and years of accumulation. You know all stuff everybody has proven. Mgmt dropped another bombshell today with Cotara. Yes it was a good thing that they didn't have their scheduled meeting with the FDA in December. At least that was the spin. Wonder when they will find an acceptable board member that could measure up to the qualities that ES, Pohl and CJ have. No need to hurry. They can continue selling ATM shares at 90% discount to their paid analyst projections. All imo.
The critically important NSCLC trials are progressing. When they're done, maybe King will have something to say that we will enjoy hearing.
He better! Your critical data that you were waiting for at end of year came and went with a thud. I guess moving on to next data point and six month plan is the new plan. Rinse and repeat.
Glad you are so hung up on ownership rather than stock price or the lastest bombshell delay on Cotara by mgmt but I still don't see where you are getting 30% ownership? Nasdaq only shows 15.5% which includes Blackrock although not the updated totals but O/S increased also. Even if you add the offshore account Dart that makes 23.5% and again before the new O/S shares.
What is better mgmt selling ATM shares to these guys at all time lows so they can short it and/or hedge it or fixing the dilution with means that they have at their disposal but refuse to do it?
Didn't get to listen to webcast but I guess it was not good since we lost another 6%.
I wonder if Jay forgot to forward the request from a shareholder to mgmt or did mgmt just ignore the suggestion below again and not address any of these issues and if they did I guess the answers were not encouraging?
For those of us who are apologists for Mgmt and BOD re ATM questions I would like to have asked at tomorrows presentation:
Two key issues in PPHM are timing and ATM dilution.
One way to avoid ATM dilution is by asset sale (IP sale):
1. Can you give me some "color" on Hepc partnering or viral partnering in general? Is it dead until PPHM runs more clinicals to further prove value or are discussions alive? How much time do you need till you can tell whether anything will be fruitful?
2. Can you give me some "color" on Cotara? How does the FDA seem disposed toward the SPA discussion?? How do the potential partners sound? What is best guestimate on timing till a resolution???
3. Can you give me some "color" on "imaging" partnerships? The smartest guy in your room, Dr Thorpe, thinks this is the finest three dimensional tumor imaging he has ever seen. Is this a dead issue until PPHM runs further clinicals or can something be done here and if so approximate timing to resolution???
4. Does PPHM have any other financial options other than ATM and if not why not???
a. Wouldn't it be better to leverage Avid in a segregated fashion than to keep selling ATM??
b. Wouldn't it be better to leverage the whole company for 50mm than to keep selling ATM. 50mm in leverage at 10% would only require 5mm ATM shares / year to service the debt as opposed to 40mm ATM shares as equity.
c. Aren't there any potential partial equity sales that could be made instead of ATM such as a regional partner albeit for less than top dollar???
d. Aren't there any cost cutting measures that could be implemented to reduce burn? Couldn't top exec salaries be halved and deferred until this issue is solved?? Couldn't board compensation be completely deferred until this dilution issue is completely resolved?
e. Couldn't the sales force at Avid be beefed up to increase cash flow and cut dilution from the ATM???
f. Couldn't the current CFO be replaced by a heavyweight with biotech financing track record??
g. Couldn't the BOD be beefed up (with no loss of control) with heavyweight Biotech deal makers, or IBs, or ex execs from BP??? as a signal to the street that PPHM means business. ?? wouldn't this signal be bullish in the extreme so that even if ATM was used it would be much less dilutive???
You get the message.
Best Regards,
RRdog
Agreed. The problem is mgmt can do things to stop the ATM or increase the value of the ATM shares but they choose not to. However saying the Science is the only thing that matters is just plain naive. In less than 2 years the O/S shares have increased by over 60 percent and yet mgmt has taking the easy way out and just sold ATM shares at all time lows. Data keeps coming out and the share price continues to drop. They say they are looking for board members but have yet to appoint one. Huh?
Like I said before I believe they know things have been documented and that I believe is the sole reason for the internal IR/PR and for them not to appoint another board member other than CJ. There is no other logical reason other than incompetence then. All imo.
Also, you know my main argument was mgmt's declaration that they had over 25% institutional ownership when the deal was anounced. That still to this date was never proven. We know from the past with pipes that instituional ownership never materialized.
So do you agree it is useless to get excited about job postings when AVID has shown the capacity to do about 30 million in revenues over a four quarter period yet we are supposed to get excited that mgmt raised it's estimate to maybe 14 million? It seems logical that these postings are for replacements.
Hey Mousse all the shares are still not accounted for and in fact the institutional ownership is less with the dilution! Do you have a link that shows total ownership that mgmt stated we have? If you were a perspective investor how much institutional ownership would you be able to verify? Nasdaq lists about 15.54% and that is with 87 million shares which is probably more than that now. Lets see we incereased the shares roughly 60% from about 54 million O/s to 87 million and yet we still don't have a large interest. Did the shares go offshore to buddies of the past? You should read RRdog's post for questions to mgmt as that is what you should be concerned with. All imo.
It is good news that they did not sell and added shares but as you can tell by the stock price it is a non event. Still at all time lows and nobody is making a move for this company.
Geez, haven't we've been in business for years now! Are we losing all the QA people? Why do we need these people if we did over 20 million in the past and we are only projected to do a little more than half now? Mgmt should really tell us what the heck is going on? Again if it was positive news it should be in a PR since we are still selling ATM shares at all time lows. All imo.
Nope the numbers don't add up but nice try. If a newbie was researching the company what number of institional ownership will he come up with and be able to verify?
FDA meeting with Cotara initially scheduled for completion in June. Forty days have past since new year. Time is dilution. Where is the planning and backup plans?
JR, Isn't it amazing that after all these years mgmt has not had many or maybe not even one positive surprise. The best I can remember may be the day they announced the government contract. You would think by just plain luck good things would happen sometime. It still amazes me that it could be claimed we could be worth 11 billion dollars but yet nobody is jumping in for a hostile takeover that most shareholders would support for a measley 500 million. Unfortunately it all points to mgmt maybe having nothing. It still amazes how mgmt can sell one more ATM share costing shareholders money without appointed someone to the board and hiring a PR firm. We are not even asking mgmt to make up PR's but we all know they have not released certain PR's and they have combined PR's all the while they were selling ATM shares and every penny counts. At this point we might make more if this company goes belly up when the lawsuits start coming. Beleive me things have been documented and recorded which may be the reason why IR will not answer any shareholder questions or why they want to keep IR/PR in house so nobody has access to the paper shredder files. All imo.
Will today be the day they announce another pipe, I mean institutional deal at a cost effective 90 cents? Has anybody found the missing shares from the last financing where mgmt claims over 25% institutional ownership? I'm still waiting for someone to post the link verifying the ownership total. Nobody hasn't since mgmt stated it. More lies or stretching of the truth?
Someone questioned mgmt's moral cowardice. Including mgmt and morals in the same question can be a stretch. All you have to know about the big threes morality is to just research their history and deals in the past and then decide for yourself. Still struggling to hold a dollar. All imo.
Wrong! Mgmt needs to end this dilution process now! Why no real PR firm. Why no PR 's. All this while mgmt is selling shares at all time lows. Enough is Enough. How does it take six months to find people to put on the board. That alone would raise the share price. Mgmt has sold at least 10 million shares if you just include the last financing at all time lows. Every 10 cents in stock price is a million dollars for crying out loud. These are all things they have control of but still refuse and they continue have a four man board with no experience except for SK and a IR/PR firm that is amateurish at best while suppressing PR's. These actions are costing shareholders serious money and we are still not even talking about the mismanagement of AVID! All imo.
Honest and truthful Post. How about we put this post as a sticky note! Enough with the dream posts. Mgmt has run out of time on shareholder goodwill. It is finally time to actually do something. All imo.
Good Post, unfortunatley what is probably more accurate is that while they were all laughing it up, mgmt was high fiving with Roth and thanking them for putting a 10 dollar target and doing the 1.11 deal. We will continue to let you short the stock and lets do another financing deal at around 80 cents where you can gurantee another few million in profits. Isn't it amazing how many times we can do it Lytle says to Roth. Just my opinion but probably closer to the truth. All imo. Stock still under 100 million market cap.
Thanks cjgaddy...February 13th 8:30 AM!!! WHAT?!?! 8:30 AM?!!? Aren't we usually during lunch or dinner when everyone leaves...hmmmm
LOL! No we are presenting on Valentines day at 8:30 AM before everyone gets there instead of during lunch or dinner.
Stock still at less than 100 million market cap but people saying mgmt would turn down 11 billion. I guess nobody else believes that we are worth 200 million never mind 11 billion or we would have a hostile bidding war right now poison pill or not. All imo.
If Peregrine were to be persuaded to accept $11 billion for the entire company, which I highly doubt they would,
And yet mgmt has no problem selling shares at all time lows! Reality and fact check. PPHM still at $1.05
Then why can't they partner it?
You also have to ask then why do they have to sell shares at all time lows with our cost effective ATM at 90% discount after being touted as a number one stock pick? Where is the bidding by big pharma who fear losing this technology to a rival company especially for a dirt cheap bid?
How have all these shares changed hands without the stock price moving? Either ATM shares, short selling or a combination of both for the next crappy financing deal in which mgmt will say they have x% of institutional investors and then the shares could never be found. Those of us can all remember the old pipe days with ES and the off shore crew. All imo.
JJ. Trust me I am fine. I am at peace if I lose evertthing. I post way less than most of posters as you can tell by amount of posts. I just like to post when I get tired of hearing everybody with these it will be six months from now crap, or mgmt has a plan they are following, they must be something in the works because they are posting hirings, we already have deals in place, secret government contract yada yada yada, they would have done a bigger financing if they didn't have anything in the works.
The biggest joke of all imo is that people get excited that Roth who has had us at a 10 dollar target for two years now has us as their number one pick. This is in spite of being part of the lowest financing deal we have ever done about six months ago which we haven't recovered yet. Nobody yet has been able to verify mgmt's statement that we have over 25% institutional ownership. If anybody has a link please post where it is in black and white. It has now been over a month since we were supposed to have our inflection point. Sadly we are suppose to continue waiting while the markets (which were the worst since 2008 LOL!) have now all rebounded and we are at near 10 year lows but I will continue to read about the excitement of new QA positions etc.... Don't you think these positions should have been filled already? We had one QA guy and we did over 50 million a year. How many do you need for 10 million?
Could just be that the data isn't good enough to get a deal?
Factually speaking it has to be either the data is not good enough or mgmt is simply incompetent or willing to do what is good for the company. The history and track record of this same mgmt and BOD has to account for something and speaks for itself!
I guess they are still searching for board members as qualified as ES, Pohl and our COB Johnson?
There is no way AVID can't be leveraged for a real loan instead of selling 10% of the company at 90% discount to analyst targets. Seems quite ridiculous unless they have nothing. All imo.
I have asked repeatedly for the turnover rate from IR but they have refused to hand that over
Honestly, how in the world can they give out that data when IR themselves are part of the turnover!
Even the incompetent AMY has jumped the mothership. Why in the world would she leave when she didn't even have to answer the shareholders? Why would she leave if a deal is imminent and give up all the options she has? That fact alone suggests we are not even close? If by the chance she got fired, she wound up at a better company and mgmt did not learn by their past mistakes as usual as we still don't have an outside PR firm. All imo.
Your reactions are way to negative and cynical and frustrated. If you really believed all of your own bile you would be long out of this stock.
Wow now we get the typical reply you should sell post! Reality is if a deal was iminent or important the interested party would be coming to PPHM and checking out the facility and AVID. This is probably nothing more than another begging for money and here is how we will guarantee you make money with the ATM or financing deal.
Yep, No 1 pick is really making a difference. Roth really must thing this stock is a 10 dollar stock since they have had about two years to get clients or themselves mega shares. Instead mgmt still selling ATM shares at 90% discount to target. Those are the facts not rumours or innuendos. All imo.