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We will know the details when Roche decides to tell us.
The original poison pill set a value on us of about $3 Billion.
I believe that figure will prove to be accurate if not low.
Until then PPHM Mgt will appear to treat us like dogs.
Is this fact, opinion or fiction? Does anybody have a link to verify that Roche will decide to tell us details. Is Roche in a deal with us?
I am going to put on my holiday spirit and agree that enventually we will get a buyout. My guess will be around $2. I hope I am wrong but without any buy volume with the stock depressed like this leads me to believe there is not much interest. I would be buying more here if I already didn't own more than SK,PL and CJ? Until they buy I will not buy anymore. All imo.
Good news for now is that we didn't get a dilution filing today. Since an argument about mgmt having nothing to do with Dios was giving today does anybody have an update about what was totally done by mgmt when they created a China subsidiary. It has now been almost 5 years since the PR. Was this another failure, a boiler room operation or is it still in existence? Hard to find any answers since IR doesn't respond and mgmt has not mentioned it. Like so many other things it seems to have disappeared without an explanation. Here is a link to the PR to refresh the memory:
http://www.contractpharma.com/contents/view_breaking-news/2007-01-15/peregrine-establishes-china-subsidiary-files-suit-/
Of note is the following quote from SK:
"The Chinese pharmaceutical market is currently the ninth largest in the world and is growing rapidly, doubling in size in the past five years with continued robust expansion expected," said Steven W. King, president and chief executive officer of Peregrine. "China therefore represents an important strategic market opportunity for Peregrine, and our new wholly owned subsidiary will give us the opportunity to leverage our products and technology in this market. China also represents a tremendous resource for drug discovery and development, and we intend to explore all options for the development of our product candidates in China."
How is Dios doing and when can we expect an update on our dealings with them? Also can you tell us how many people we currently have working in our China subsidiary along with an update or was that just a boiler room move to the lawsuit we lost? All imo.
Being unsuccessful is not the same as being a scam.
That all depends on why it was unsuccesful.
Wow. We supposedly have buyout rumours all over this board yet other BP does not want to jump in here at .8903 cents a share with less than a month to FDA meeting and our next great data release about a month to two months away. Today so far less than 30K shares traded which is less than $27,000. Our directors make 80K alone in board fees!
The Gem:
As I went over the Peregrine poster that gives more details on this trial I refocused on the cohort in this Peregrine trial that was categorized as HER2-Positive: That’s Herceptin territory: the other major Roche drug for breast cancer.
Herceptin is designed to treat about one quarter of breast cancer (HER2-Positive) tumors. Worldwide annual sales of Herceptin are now around $5 billion.
Back to the bavi + carbo/pac trial above. In the HER2-Positive cohort in Peregrine’s trial, the data showed an overall response rate (ORR) of 100%. Reiterate: HER2-Positive (ORR) = 100%.
Yet our mgmt didn't deem this poster significant enough to PR! Hmmmm.
I see we are still reduced to wishing and hoping and theorizing that a buyout has to be coming. Lets hope so since we got another round of data with no price appreciation once again showing the obvious that some people don't want to see is that business may matter more than the science even though mgmt is following their carefully laid out plan of 10 years.
Will today after the bell be the day when mgmt drops the next dilution bombshell? All imo.
KT you wrote: It didn't take too long to bring the pps back to a buck. The last fifteen seconds of trading did show some additional volume, but not as much as on previous days. This is what support looks like, I suppose.
I hate to see what non suppoprt looks like! LOL!
There is no conspiracy! This is what you get when you have a penny stock board. Why are we continually blaming the market and big pharm?
Our own company hired Carlton Johnson as COB. Our own company hired Amy and now Jay as PR and fired Barbara. Our own company refuses to release PR's and they refuse to add to the board. Our own company gives bonuses to the CFO, CEO and themselves. All the while selling ATM at 10 year lows. Time to put the blame squarely where it belongs. This is not a one year occurance.
The sad thing is after all these years and the posters saying it is better to wait to partner,the reality is even if we get 5 dollars a share now it is half of what we had 5 years ago. Imagine how much better off we would be if the minority was actually listened to. The same people who didn't want to partner then are still praising mgmt's plan now. Makes you wonder doesn't it? All imo.
Still not as outrageous as King and Lytle's salaries along with the whole BOD and their fees and options!
I'll also repeat my question and give you another chance. Why does your investment group think the stock price is at 93 cents which incendently is near 10 year lows?
I seem to recall KT recently making a case for active accumulation going on - and the reported numbers and significant volume over the past several weeks would seem to support his view.
Sorry but last I checked KT isn't a stock analyst guru or is he? Can you please show where the significant volume is?
The facts are the stock price is 93 cents. For the last 10 years we have heard these accumulation, manipulation, and partner theories. Until they come to fruition that is all they are. The sad truth is the people who you are speaking condescendingly or sarcasticly to are the people who have been right up to date. I hope that changes though. All imo.
Jake, Totally agree. A company who ignores their shareholders and suppresses PR's and has the history that are board has would fit your description. Anybody who disagrees may know mgmt. All imo.
No PR. Wonder why?
Question for your investment group. Why is stock at 93 cents and at 10 year lows?
If I put my shareholder hat back on (I own way too many shares) I wish they were at least buying some as a sign to the market that they believe in the science.
Well we have something in common there and in total agreement. Not only would it be a sign to the market that they believe in the science, it might actually increase the share price while they are using the ATM but then again they don't seem to care about the share price and diluting the shareholders because there is no explanation for their suppressing PR's, no additional COB and no PR firm all of which could not hurt the price. Didn't we have two poster presentatons this week with no PR? Really sad how this BOD is running the company. Remember this BOD received less than 27% of the votes for election so obviously the people who support them are in the minority. All imo
By bigger picture I mean they do not own enough shares to control the company should a BP try to come in and take the company. Yes, they have the poison pill but if a buyer offered a number (say $7/share) they would get tremendous pressure form many shareholders to sell and might have to yield.
So we finally may agree that there would be pressure on the BOD to sell if a big pharma offers $7.
Interesting since $7 a share comes out to around $560 million, yet our one IP alone has some posters estimated worth around 500 million by itself. So the real question continues to be why hasn't big pharma made a move at these low prices? Why hasn't the BOD bought any shares on the open market?
All imo.
It didn't take too long to bring the pps back to a buck. The last fifteen seconds of trading did show some additional volume, but not as much as on previous days. This is what support looks like, I suppose.
Where did the support go? Does it look like support now?
No change is stock price, large blocks? The stock is down about 10 percent in just the last 5 days! Enough with the accumulation fantasy. This stock has been accumulating the last 10 years!
Affitech Research AS in Oslo, where its main Research and Development operations take place. The reasons for this restructuring exercise are (i) to focus more of its spending on development of its lead antibody products and (ii) to extend the period available to the Company for raising fresh capital.
Imagine that, a company downsizing to save money. Why do we have so many people working for us and yet didn't somebody who was at the shareholders meeting state there were like 8 people working at AVID? All imo.
I hope this doesn't affect our 400 million dollar IP?
Isn't it amazing how the "scare" posts are an attempt to make the stock go down (must have worked for the last 10 years) but no amount of fantazing about 30 percent institutions, side deals with Roche, Genetech personnel coming over, data coming soon (in less than two months!), posting how mgmt has a plan, analyst stock targets etc.... can make this stock go up. It is hilarious that people think they are doing this for stop losses. Really reaching now. I knew the stock was in trouble when the hype was getting bigger and bigger and the posts were getting longer and longer. All imo. 94 cents which is near all time lows!
Cheynew, At least the Ayer disclosure answers to the point about whether the latest private placement was held or turned over to retail. It should be reasonable to presume that the rest of the shares were placed as PPHM indicated, bringing institutional and large private investor holdings up to around 26%.
Using that logic is it reasonable to assume that since mgmt has missed most of their deadlines that they will miss more. Since ES, Pohl and Johnson have run their other respective companies that they will run PPHM more to the ground? Since previous data releases have yielded no price appreciation that will continue?
LOL! There are still 4 million shares missing! The stock is at 99 cents and your more worry about my posts then what mgmt is doing.
Damn, Apple scored the Chairman of the Board I was coveting
Woo, boy did we get lucky. For a minute I thought they were going to snatch Carlton Johnson away from us. Now that would be a disaster!
RRdog, Believe in alot of what you wrote and most of what you say about mgmt seems like common sense. The problem is what have you seen if anything in the last couple of years has mgmt done on the business side to give you at least some sort of confidence that mgmt can or wants to pull this off? Just look at the sleazy history of ES, Pohl and Johnson and it doesn't give too much of a warm fuzzy feeling. Throw in what seems like either incompetence or stupidity from Lytle and it doesn't seem good. Especially since it seems like this BOD and mgmt has no problem collecting salaries, bonuses, options and diluting shareholders all the while they have underperformed and missed their own milestones. The lack of a real PR firm, refusing to add members to the board, the appointment of CJ and the suppression of PR's while they are using the ATM speaks volumes and that's not mentioning diluting 10% of the company at 10 year lows. All imo.
My observation from reading recent financial news is that stock analysts are getting a bit jaded about the frequent European financial market hype as being cause to buy or sell stocks, kind of like the boy who cried wolf story.
The boy who cried wolf story. Funny you should bring that up. Is that like mgmt saying year after year after that we are in talks or big pharma is interested or investors saying month after month it will be in another three to six months or like currently the saying is just wait until we get the data in December or January? Yep, just like wait for the ASCO last April, the Duke paper etc........ Same old, same old. Hopefully the mgmt who cried wolf will finally stop crying and we will get some real results from mgmt. All imo.
Would kind of disprove your theory that Dart and the boys are out to make hundreds of millions not 10%. Also disprove the theory that mgmt sold to strong institutional support which is one of the strongest statements Lytle has consistently made while trying to explain giving away 10 percent of the company at 10 year lows. Nothing good comes from that scenario doesn't it?
All you have to do is provide a link that shows institutional ownership so that someone doing DD can find out what the ownership is. It is not hard to do. It has now been several months. Just because it is said on a CC means nothing as history has shown. Here are sample subjects covered by mgmt and the BOD from CC and PR's.
We will not sell shares at these levels.
We are in talks.
This will be our year.
Mary Boyd has hit the ground running.
Dios deal up to 50 million possibly.
China subsidiary.
Carlton Johnson is the best person for the COB.
Nasdaq, Yahoo etc... all have sites for institutional ownership. How much does it say for PPHM?
Don't you think with all the knowledgeable posters on this board that someone would post the 27.5% ownership by now?
Unlike proving we are in talks and possibility of partnerships which are very difficult, proving institutional ownership should be very easy and transparent. As of today the numbers do not add up. All imo.
Mgmt has said a lot of things over the past years. Most of them have never come to fruit or have been significantly late or just mysteriously dissappear. Would be nice if once in a while things actually happen before their own deadlines. Time will tell if the leopard is changing its spots.
Most of his investments are for hundreds of millions and he tries to make hundreds of millions and large 100-500% returns when he invests 100s of millions. he isn't going for a few million
From what we know so far his investment totals around 10 to 15 million so far which is not a significant investment then for him. He can easily buy more shares with a couple of million dollars and probably own majority of the company for a couple of hundred million (10% of company just sold for measley 7 million). Would be more comforting if he was taking a much larger position at these prices especially if he indeed has an edge. What better time to add then at 10 year lows?
LOL! Yes posters should be challenged while they just give unsubstantiated data and 10 year conspiracy theories, hunches that people are flocking from Genetech to PPHM for the golden goose, theories that deals are already done, how our IP's and patents are worth billions because they say so, that everything will be done in another three to six months etc.... all the while qualified people have left the company for some reason also, mgmt continues to suppress PR's, and we sell 10% of the company at 10 year lows while the shares have yet to be reported, no PR company and refusal to add to the board while we continue to sell ATM shares at these prices. Yes posters should be challenged.
Sounds reasonable. Lets hope so.
Whats your point and how does this relate to where the 6 million shares? Can repost the article on ES from 2000 also? What is it with people that have to resort to childess name calling such as stay foolish?
Again, Where are you getting that the 6 million shares are placed with institutions? It is just an assumption on your part! I'll definitely give you 15% (can be proven) and probably Dart shares although unknown now. Saying we have 27% ownership is like saying our one IP is worth 500 million alone or that Roche has secretly had a deal with us for the last two years and is slowly bringing everyone over from Genetech etc............ All speculation.
The short sale reported doesn't have to match instataneously. For example during the reporting period the short amount could have increased from 3 million to 9 million and then back to 3 million in the same reporting period when the placement was filled and then the report would still say only 3 million shares short. Nice try using the IR explanation. Doesn't really work though. Mgmt states something IR can tell investors and future investors where they can find that info. Common sense and good practice. Actually might get people to invest when they are doing DD.
CP Give it a break. PPHM is a public company and owned by its shareholders. When mgmt give public statements giving facts don't you think they should be true and verifiable? As I said before please correct me if I give any facts that are wrong. It is not my job to prove that there are not 6 million shares around but I should be able to go to a site or link which verifies mgmt's statements. I did not make the public statement. In doing due diligence don't you think IR should be able to tell investors where they can find info or do you think investors should just take their word for it. Taking mgmts word has led us to a stock price of 1.00. All imo.
If they do not and go belly up it would end the need to come to this board and see some of their posts.
You can solve your problem of reading unwanted posts by simply using the ignore button but you don't. Hmmmmmmmmm
I'll try not to lose you. Lets say a supposed Inst. Investor shorts 1000 shares and then uses the 1000 shares from the placement to replace his borrowed shares what is the net amount of shares he owns?
Mgmt pubicly stated it sold the shares to inst. investors and now has 25% inst. investors. I did not say that. Since in the past mgmt has stretched the truth imo I would like to verify that statement with visual and factual proof. It is a telling sign that IR can't answer the question and/or refuses to answer the question. All imo.
The $6 MM sale @ $1.11 was a pretty good deal after all, don't you agree? the buyer(s) paid a 7.8% premium over current market value.
No! Don't you get it, the shares were already shorted down from the $2.50 and already paid for! These guys are alot smarter than our penny stock mgmt and CFO (not hard to do!). It is not a coincidence that the two companies these guys are in charge of are driven down to pennies. They are now probably set up for the next round at about 80 cents if we are lucky.
There you go again. Maybe you could do us all a favor and do it for all of us shareholders. You after all are the only one who has complained to mgmt and gotten results so you obviously have frightened mgmt before.