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Johnny, It is amazing how the same people say the same thing over and over and then just change their dates as if time does not matter. It was suppposed to be last June, then this December, now another six months. LOL! Again the history and actions of this BOD does not bode well for shareholders. Mgmt looks quite foolish quoting they have analyst coverage who have us in the 5 to 10 dollar estimate yet we keep selling stock at $1. If that doesn't say it all I don't know what else to say. Having a PR firm alone would double this stock but they refuse to do so. All imo.
BTW, did anybody find where all the 6 million shares went yet?
Congratulations to all mgmt and their suppporters for another year of creating value for their shareholders. Another great year for mgmt and the BOD as they collected more bonuses and options and collected another year of salaries.
http://finance.yahoo.com/echarts?s=PPHM+Interactive#chart1:symbol=pphm;range=1y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Time will tell but trading looks like accumulation to me and we should see over a million shares again....overall scientifically..
Ah yes, when it doubt use the 10 year accumulation theory! LOL!
1.02 end of year tells it all.
I believe that that the HCV data they have in hand now could soon lead to the first major partnership for Peregrine.
Stock price sure doesn't support your beliefs. Just tired of all the pie in the sky rumours. Until it happens it is all plain specualtion. With the history of this mgmt team making deals it makes that thought even more doubtful. As usual only more time will tell. All imo.
I suspect they already have a partner and are working out the details or negotiating better terms. Could be multiple partners for different applications.
Talk is cheap. Where is the proof? Been hearing this for years that a partner is already lined up. Yes Roche already is all in.
Bottom line, another disappointment stock at 10 year lows, company still needs to sell ATM shares, still refuses to upgrade the board and PR team.
Can't spin a $1.04 stock after three supposedly inflection PR's that were released before the new year. It is always wait. Other companies have done more with less. The history and past of this mgmt team does not bode well for shareholders. All imo.
Wow. So we got everything we were hoping to get before the end of the year to move the stock and yet we are still near $1. Sure doesn't bode well. Who will be the first to quote another six months?
Why does mgmt continue to release news at 8 am? Alll imo.
What does it mean when PPHM posts over a million shares volume traded and the pps posts no change? Or when the close is consistently given an exclamation mark of a large volume trade (100,000+ shares).
I don't know, do you have an answer since it has been asked several times?
What does it mean when the stock price is at 93 cents, near 10 year lows and doesn't go up when the market is rocketing and we are nearing our year end inflection points? Have the inflection points now been moved out another six months?
All imo.
Lets get real now. For any shareholder what counts is their share price relating to what they bought at. I could care less if we have a 1 billion market cap and we have 1 billion shares. If when I payed 1 dollar for my 100 shares when the company had 1 million shares outstanding and a 1 million market cap it means nothing to me if the company has a billion dollar market cap with a billion shares and I still have 100 shares. My shares are still only worth 100 dollars. The difference with mgmt is while they are increasing the number of outstanding shares they just keep giving themselves more freebies and at lower prices. They have nothing to lose but their jobs which some should have lost already. All imo.
Historically, those who have bought TCLN/PPHM at or below a dollar have been happy they did. I expect that to continue
Anbody who bought below a $1 before the RS is now down about 500%! That is not good in my book.
You haven't heard that we already have a deal with Roche and BARDA. All imo.
Who cares? Does it really matter? You are talking about less than 60 thousand dollars. The stock is at 96 cents yet we are worth billions. Great PR we have.
In my opinion just mentioning AVID revenues only is a copout and an excuse. Total AVID revenues should be used in comparison as this is the true test of mgmt's capability to utililze AVID. To say this would be a record year for AVID is nothing better than what Dew has said. Bottom Line AVID has done 18 million and 27 million in past years. Anything less to me is not getting it done especially when the company is in dire straits for money. We are propably paying employees at AVID more for less work now.
FY09 4-30-09 18,151 …Avid(CMO)= 12,963 FY10 4-30-10 27,943 …Avid(CMO)= 13,204 FY11 4-30-11 13,492 …Avid(CMO)= 8,502
The 12-6 PR popped pps to $1.35 premarket which allowed the MMs to create stock to sell and a 15% gap by EOD. MM shorts have covered by now, IMO again. MMs absolutely love premarket PRs.
Makes you wonder why mgmt always releases PR's premarket. Who are they doing it for? All imo.
In the case of Dew's Bavi Placebo Premise, that is not a forward looking statement.
It has been stated here that Roche already has a deal with PPHM and that we are also involved with BARDA. There was no forward looking statement. Hey I get it, you have the right to choose what you challenge but it is amazing nobody says a thing about the above stated deals. Just stating the hypocrisy thats all. All imo.
What about all the investors who might have made a significant investment very recently because of all the statements made on this board that Roche already has a deal with PPHM? It was also stated the we have a government contract with BARDA. You can't have it both ways.
So what happened when PL said on public record that they would not sell shares at these levels and then did? So it is alright to perhaps tell a fib about selling shares and BP interest as long as it is on public record? I would think that would be worse because people would actually believe something on record rather than an anomous poster. All imo.
Seriously what is the difference between mgmt saying that BP is showing interest and they are in talks? Has mgmt shown shareholders any proof of this? How do we know if BP is interested?
Here is what we do know. The share price says .99 cents. Mgmt is selling the company 5% at a time at 10 year lows at our cost effective ATM. You can make your own assumptions whether you believe right now BP is interested and in talks.
It is very amusing all of the effort given to rebute something said about mgmt. If only the same effort is given to force mgmt to stop this punishing ATM!
While I certainly don't believe the post, I find it also amusing that are own mgmt have said it the past what people could be considered facts in CC's or other venues which could have had way worse affects on a shareholders investment. The only difference is mgmt hides behind the forward looking statements.
Who can forget our astute CFO Paul Lytle who matter of factly stated we will not sell shares at these levels and then did at the time one of the worst financings in my opinion. How about stating AVID could support PPHM yet they haven't been able to maximize AVID yet? How about mgmt consistently saying we are in talks or the most current the cost effective ATM?
Lets just hope our team is now "motivated" to do their job and not to miss any more deadlines since they have received their options but then again we will just "motivate" them again next year with more cheaper options next year if they fail this year as we have for the last six years.
All imo.
So in other words we are citing warrants issued in the early 2000's? LOL!
So how is the ATM better than the financings from 2006 to 2010?
I think it is a reasonable stretch to say that every rally we have had has been pulled down by the ATM don't you think?
The stock price kind of speaks for itself on the effectiveness of the ATM. No reason to buy shares when you know mgmt is selling into every rally.
We are near 10 year lows even after data just released and an update on the FDA. Now I see we are citing the summer for the next big news. Proof is in the stock price on how good the ATM is doing.
EZ, you asked me a question about mgmt and I answered it but maybe you can do me a favor and update me when the last time we had financings with warrants since it was brought up that the ATM is doing its job without having to use warrants and I haven't received an answer yet. I can't seem to recall the last time a deal was made with warrants even during the rough times with pipes. TIA
Yep, I supported Ed Legere who was an honest man and who talked to shareholders. He even is the one responsible for AVID. He was passionate about the company.
Have you ever not supported mgmt? BTW what part of the post wasnt' true?
Before the ATM, funders had required issuance of warrants, which quickly served to help drive down the pps, punishing the stock. PPHM has managed to raise enough funds with the ATM and that last private placement to keep things funded into the summer of 2012, which is the timing by which we expect most of the ongoing trial results to be ready for release.
Can you please state when the last time PPHM did a financing deal that included large warrants? I for one can't remember one. Even the pipes did not include warrants. One can make a strong argument that the ATM is punishing the stock!
So far Avid has done 9.6 million in revenue so even with the revised 14 million estimate that means AVID will only do about 4 million more for the rest of the year.
Also, isn't it misleading that mgmt is stating AVID will have a record year if it reaches 14 million when they already did 27 million in one year and 18 million in another year? Bottom line is AVID could produce a lot more than 14 million a year regardless if it is for in house, govt, or customer. I guess it is the same as saying the ATM is cost effective. All imo.
12 to 14 Milj next year vs 10-12 projected earlier.
Are we supposed to get excited by this?
The PPHM options were replacing the ones that had become worthless and continue to do PPHM motivation duty. Stale or worthless incentives don't motivate, so I am fine with refreshing the options allocations.
How about if you don't do your job you are fired as motivation!
Why did they become worthless? You reward and motivate people when they don't get the job done? Usually in the real world, if you don't perform you get fired or replaced not rewarded with do overs! I could see one year but every year options expire worthless.
So how did mgmt do?
Some open suggestions to PPHM mgmt on the upcoming CC:
Shareholders are all ears regarding the excellent technical developments and we appreciate mgmt efforts to pass along information in this area.
However, once again, mgmt has a huge opportunity to act like business people and address business issues which are of "paramount importance" as well as the technical developments.
It has been suggested that mgmt is as "frustrated" as shareholders have been at the low, low valuation afforded PPHM in the market place relative to peer companies with lesser IP pipeline and that mgmt is "concerned with dilution". If this is the case then the following would be helpful in discussion on this conference call:
1. A clear explanation of mgmt view of the "timelines" of all product development.
2. A detailed discussion of where PPHM stands in partnering discussions on various products with sufficient color so as to be intelligible to the average shareholder. Which products fit niches for BP in what timeline order??
3. A clear discussion of other methods of finance than the ATM including sale of parts of IP, geographic sales, leverage, partnering and timelines.
4. A clear statement on the path forward with lesser IP such as Imaging. What is intended to be done with the outstanding MBC results????
5. What is the business plan for growth going forward at Avid if any???
6. What is mgmt view of the business goals for Cotara??
7. What immediate plans if any to shore up the BOD or business mgmt and to improve IB??? Armed with increasing amounts of "randomized data" does PPHM have any plans to enlist major IB's such as GS which is already a shareholder???? If not, then why not?? After all what is the point of having improved quality of data if you don't use it to improve market value??
8. What plans does mgmt have to further control burn rate?
9. What new plans -since all the current methods clearly don't work--does mgmt have for selling the PPHM story to investors to gain higher market valuation and lessen dilution?? What new plans does mgmt have in the PR area???
10. Shareholders will know from the 10Q what the o/s number was at the end of Oct quarter. What is the current share count so shareholders can gauge the rate of dilution???
11. How does mgmt measure the increase in IP value vs the rate of dilution??
RRdog
Boy I wish I had a dollar for every time someone said imo there is a deal done. For once it would be nice to have some facts that there is something actually done. I guess it is better than someone saying imo there is no deal done. Unfortunately the stock price and the history of this mgmt team points to the latter.
At least we now know that it does not matter what day mgmt has a CC on. On any day there is a CC there is no positive surprises. All imo.
Don't worry JR. PL is selling shares at about a dollar but Roche is going to offer us 100 billion soon! As usual it looks like mgmt were the ones selling into the rally on the releas of data. Just imagine if PL would actually do some work and ES would allow a PR firm and an IB? More buying opportunities coming but I guess we shouldn't be concerned about stock price since it doesn't matter until you sell and it doesn't matter than in just one month Nov to Dec 9 mgmt sold another 5% of the company at 10 year lows again. All imo.
Happy to see mgmt follow through with releasing data and it actually being early which may be in a first. I still am a little worried about the price action of this stock and why it can't seem to hold the gains it makes. Today was eerily similar to the summer data release in which I believe the stock spiked big during the day and a day later was backed to where it was. This was soon followed by the infamous 1.11 deal.
Lets hope they did not move the CC to Monday so they could release this data and sell the ATM and announce another dilution deal this Friday before the earnings release so they could have enough cash in hand. Hopefully we will know soon if mgmt is truly turning the corner and that things are truly different this time around. All imo.
Share price doesn't matter until you sell.
One of the most ignorant statement someone could make. I suppose if the stock was at 150 it doesn't matter either?
Stock price does matter when you are selling shares at 10 year lows and diluting the company.
I guess it doesnt' matter if we sell 7 million shares at 1.11 or 20 dollars?
What? You expected them to work for free without salary?
I expect them to be fired when they miss milestones, make mistakes and underperform after six years which usually happens in a normal company.
Options which will be worthless unless they succeed with PPHM. Strong motivation, IMO.
No motivation. When options expire worthless they just give themselves new ones at lower prices and higher quantities all the while they collect board fees and salary. It's been going on for years now. All imo.
You forget, or don't acknowledge, that management wants to make money in this stock, too. I don't see them selling out on the cheap if they see any other way. IMO, too.
You forget that for at least the last 6 years they have collected 80K a year in board fees, salaries and options all the while they kept giving themselves more and more options at cheaper prices. For regular shareholders that couldn't average down the stock price has to go a lot higher than it does for mgmt who just gives themselves more options at lower price all the while missing their own milestones which has cause the stock to be in a practical downfall since the year 2004. Mgmt has nothing to lose. If the science fails they just move onto something else and sell more shares just like they did when we stop our China dealings and moved on to Bavi. I would like to see it either fail completely or succeed rather than have mgmt suck the shareholders dry again. There is no reason with AVID's potential that this stock should even be at 97 cents. They have failed miserably running AVID and creating shareholder value. The stock price reflects it. All imo.
Why must we keep quoting pre-split and post split
Because it puts a reality spin on the fantasy posts such as $150 or even $20 when the stock is at .97 cents. When the $20 figure comes up it makes it looks like something great just happened when in reality $20 just gets us back to where we were approximately before the RS. It is especially relevant when even if we hit $5 it relates to just $1 before the split which is pathetic. Mgmt would love to have people forget about the past so when/if a deal is made at $5 it looks as though they just made you 500% of your money when all they did was get you back to less than your starting point while they collected years of bonuses, fees and options. All imo.
I said it before I will take $5 and walk away unless this Board is replaced. Sadly $5 is still only $1 presplit and $20 is $4 both of which was met before the RS took place. So much for progress and not wanting to change the board. Reality is with the stock price at 97 cents, 2 dollars looks like a stretch nevermind $5, $20, or $150 All imo.
Lots of distractions today with buyout rumours now at $150! Reality check is that price is now at 98 cents and at least climbing. I would think we would see some panic buying if that rumour was even close to being true. Reality is that ES, Pohl and CJ are probably the reason we are closer to 98 cents than $150. Their past actions and history speaks for itself. Will we get dilutions news after the bell today? All imo.
IMO it is ridiculous that PPHM is in this position with the pipeline it has and it is only because of the boards reputation, history and actions that the price is where it is now. If the price does go up it does not diminish the fact that shareholders have had to endure what they had and regardless if it does go up there is no doubt in my mind that the price would have been higher if it had started from a better starting point. A case in point of mgmt's inconsistency is that they did not PR the presentation or webcast the presentation. I am not saying they should have but it once again shows how mgmt does not follow a consistent manner. The only thing that has been consistent is their deaf ear to shareholders, refusal to hire a PR firm, collecting their salaries, fees and bonuses and their dilution at all time lows. Again the directors received less than 27% votes on the proxy. Even a 1 billion market cap gives the company about $15 share price or $3 pre split. Not really much to brag about but a bonanza from where we sit now. All imo.
Yes it is quite amazing that the majority believe that if PPHM succeeds it will be despite ES, Pohl and our COB. IMO it is ridiculous that PPHM is in this position with the pipeline it has and it is only because of the boards reputation, history and actions that the price is where it is now. If the price does go up it does not diminish the fact that shareholders have had to endure what they had and regardless if it does go up there is no doubt in my mind that the price would have been higher if it had started from a better starting point. A case in point of mgmt's inconsistency is that they did not PR the presentation or webcast the presentation. I am not saying they should have but it once again shows how mgmt does not follow a consistent manner. The only thing that has been consistent is their deaf ear to shareholders, refusal to hire a PR firm, collecting their salaries, fees and bonuses and their dilution at all time lows. Again the directors received less than 27% votes on the proxy. Even a 1 billion market cap gives the company about $15 share price or $3 pre split. Not really much to brag about but a bonanza from where we sit now. All imo.
It was already posted that after requesting a meeting the FDA would grant a meeting within 60 days of the request. Therefore if a meeting does not take place it would be because of mgmt's failure to request a meeting. In order to have a meeting before the end of the year mgmt would have had to request a meeting before November 1st. No excuse if a meeting does not take place. All imo.
Maybe Roche doesn't want Halyozyme as a client? Is this another loss swept under the rug? If not true, I am sure it will be posted immediately if not you can assume it is lost.