Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Geo, I am sure our strong BOD of patent lawyers has this all tied up just like they did with Epstein. It sounds like a great question for IR.
So another riddle. We are now paying two peoples salary full time plus health benefits and probably options and bonuses to boot for IR/PR. Is this really a full time job for two people who don't answer emails? Again, wouldn't it be cheaper and have more value to go back to Gendel? All imo.
I think it doesn't really matter to them as they already imo made a huge profit on the shares because they probably shorted the shares beforehand. Have the six million shares been located yet?
If they shared your opinion I think there would be multiple parties including mgmt buying all kinds of stock! Yet we sit at $1.13 with no real volume and no mad rush to buy in.
Just curious, if you really believe what you believe, are you taking out as many loans as you can to buy shares here? Why wouldn't you? All imo.
No. You specifically stated In addition, not mentioned at all is the fully-humanized version of Bavi; the radioactively "armed" Bavi; development of r84. The value of this IP, standing alone, is at least 5 times the current market cap.
Is that your opinion of the value of that IP or a fact? If it is a fact than mgmt has some explaining to do, No?
In addition, not mentioned at all is the fully-humanized version of Bavi; the radioactively "armed" Bavi; development of r84. The value of this IP, standing alone, is at least 5 times the current market cap.
Yet our mgmt team doesn't share your opinion, otherwise how do you sell 9% of the company for 7 million dollars? All imo
Jake, It is obvious that mgmt will not be criticized by a particular poster. Every once in a while we get a long post explaining that mgmt is following thru on its plan to produce data etc........ Then the data is produced and no value is added etc...... Then we do a finance below the 52 week low......Then we get an article argueably exposing ES not as a savior but a predator who as we have been saying all along got most of his shares for free. A man who could get PPHM a better way of financing to improve the company but instead chooses not to but yet remains on the board for whatever reason.......Sometimes it takes a man to admit they were wrong unless you are too arrogant, ignorant or getting paid. I am not accusing anyone of anything but it is kind of strange don't you think?
On a side note, great to be up three days in a row but rather amusing for people being so excited that we are at $1.13. Let's hope I will have to be man enough to admit I was wrong about mgmt. History and the facts to date however are tilting my way unfortunately.
Anybody find it peculiar that the shareholders meeting is not listed on the event schedule on the website? Are they trying to keep it a secret? All imo.
Bunch of hiring of reputable people recently, or hiring in general
Been there done that. Just as many reputable people leaving as coming. Could be just happy to collect a paycheck. So called reputable people are consultants not full time hires.
Unless you are willing to move they are no better than Enron doing shady deals
Possibly could be. All you have to do is look at the history of the three board members and the other companies they run.
Why did they make a deal for only 2 months worth of funding?
Again, been there done that several years ago with same mgmt, people said the same thing when they were only doing pipes one million dollars at a time instead of just getting it over with.
If they don't do anything by then, the company will be really in trouble.
Yes company will be in big trouble but mgmt will just keep diluted and collect their salaries and bonuses and move into some other trial.
Few of the analysts covering them have fled.
LOL! They are getting paid by PPHM. The so called analyst has a buy rating at $10 and helped broker a deal to so called institutional investors at all time lows ($1.16). Shares have yet to be located.
All imo.
I thought she always calls back! LOL! You don't think she reads this board do you? Hell they might even be on this board. Incredibly there are still mgmt supporters here.
Yes, it is sad that myself and other posters were begging to partner years ago so the science could move faster. I wish I wasn't right as I am losing a ton of money. Still would prefer to sell right now even at 2 to somebody who can get this company going. Obviously mgmt is playing against smarter and shadier people than themselves. They only care about collecting their salaries, board fees and bonuses year after year. I guess Garnick doesn't care about his reputation hanging around a penny stock board and soon to be under a dollar stock. He still collests his consultation fees. All imo.
On a side note, does anyone know how you can contact Dart?
Hey Drum, What happened to questions for Amy?
Still no form 4's or 13's. I hope Dart is planning a sneak attack on mgmt. Since there has been no filing from Dart, I hope he is now trying to use other institutions to accumulate less than 5% and then surprise mgmt. Lord knows this mgmt team is not business savvy. All imo.
Where are the six million shares. We are now in the 4th quarter. Countdown to FDA meeting (if actually scheduled) and data (if actually on time). Maybe mgmt knows data is not great and meeting slipped that is why we did the financing. Can't wait until the shareholders meeting.
Who cares! Means nothing. Even mgmt doesn't think it is anything big since no PR's.
So if we get the same pop due to FDA meeting we will be at $1.20 if we are lucky! Woo Hoo!
I for one would definitely back any proposal to change this situation.
The sad part is that a poster on this board tried to make a change and create some proposals but was met rudely and sarcasticly by most of the people still on this board including at least one of the moderators. Makes you wonder whose side they really are on. These same people incredously still back the actions of this BOD which include not hiring a PR firm, suppressing PR's and refusing to add qualified people to their BOD all of which could do no harm to the stock price and more than likely would increase the stock price and increase shareholder value. Imagine not doing deals at 10 year lows. Twice our CFO has made mind puzzling deals and he steal holds a job. All this while the company's financing he is in charge still sits in a desperate situation after all these years. Mind boggling. The warning flag should really have been waved when they named CJ as COB not even knowing they had to PR it after announcing it first at a shareholders meeting. All imo.
KT,For now, PPHM needs to woo private investors because it is a good deal on speculation of success. Speculation vs. demonstrated delivery is what explains the difference.
After all the data, hiring all these experts, having AVID's potential, now in the fourth quarter where supposedly huge data results will take place and a meeting with FDA and the best they can do is below all time lows all the while not doing anything to WOO investors such as releasing relevant PR's, adding relevant board members and hiring a PR firm. I guess they can't even WOO correctly. Sorry not buying your explanation.
Why did trading leading into the end of the third quarter of 2011 and from the week during which PPHM presented at an investors conference show large end of day blocks of shares trading for PPHM?
Who cares! This accumulation, rebalancing has been going on the last 10 years (remember the DIOS fiasco and the last 100 shares you keep mentioning). Bottom line is we are at 10 year lows when we are supposedly nearing the end point. You can continue to spin it with the same answers you have for the last five years but I am not buying it. Do you still believe that making changes to the board would disrupt PPHM's business plan? If ES, Pohl and Johnson quit today how would that have any negative affect on PPHM? All imo.
Exactly, For the last 11 years the pipe investors have been in the know and been shorting the stock accordingly ahead of placement. Rinse and Repeat. The question is why after 10 years this mgmt team and CFO can't get a better deal. Isn't ES a funding specialist or is he in on the deal? Doesn't make sense. Usually if somebody wants in on a good deal with a lot of shares they are willing to pay a premium not the other way around. All imo.
PPHM's burn rate has doubled over the period where trials were brought to the cusp of Phase III while revenues have been sacrificed so that Avid could produce for PPHM needs.
They have additional space for more AVID capacity if they want it. Hell we are paying the rent for it. No reason to not have AVID using that space unless mgmt can't get the business or are not trying to get the business. Take your pick. Heck we are only forecasted to do 5 to 7 million dollars for the next half of the year. That is nothing.
Today's trading is the end of a quarter but also delivered enough shares at the close(s) this week to balance out much of the PPHM short interest of 3 1/2 million shares. And then there was that financial conference and the private placement at a cost basis of $1.11 to consider.
Is that supposed to be a good thing? The short interest was supposed to help drive the price up, No? If the short interest is settled then we are in even bigger trouble as they begin to short for the next pipe.
Bottom line, no matter how you want to try and spin it, mgmt has done a poor job creating shareholder value. It doesn't matter what intellectual property they have if they are broke and Wall Street thinks they are a joke! What in God's name would be the harm in putting two guys on the board who are respected and would get Wall Street's attention. Can you honestly give a negative reason? The three amigos would still be able to outvote them. All imo.
. With a market cap of $86 million, it's hard to believe that both management and the board of directors haven't been reorganized.
All you have to do is read most of the posts on this board to see why! Yes it is hard to imagine they haven't been replaced. You have had the same posters over the last five years say it would be too costly to change now!(You know who you are)LOL! .Unfortunately we have had turnover such as Gendel, Epstein, Garavoy, Hutchinson, Truc Le, Eso, David King, and yet our three amigos are still here along with our innovative CFO who perhaps is still holding Mary Boyd's hand after she hit the groung running. All imo.
Do they have a three stooges BOD who are penny stock lawyers and supposedly venture capitalist or do they have people running the company who know the business and how to run the business side of the science? I think we all know no matter what the pro side say here that the business side is just as important if not more important.
My question: Who the hell is shorting a $ 1.09 stock and for what purpose?
The people who already made a deal with ES for the next financing which everybody on the planet knows we need! It is quite obvious if you look at the history of the company. The mgmt has not changed in eight years. If SK said the last financing was done to bring cash to a comfortable level and if they are willing to do it at all time lows then they are willing to do it again in another two months. Not brain surgery here. Just lazy, greedy or incompetent mgmt(take your pick) who still refuse to hire a PR firm, add to the board to make it respectable and/or hire a CFO who can do other things but sell ATM shares or deals at all time lows. All imo.
1. What date is the meeting with the FDA?
2. Why doesn't mgmt buy shares with their own money yet believe they need more options?
3. Why did mgmt sit on PR's (documented on this board) and refuse to add to the Board of Directiors all the while they sold 9% of the company at all time lows at the time using brokers who have us at $10 a share yet they could only broker a deal at $1.11?
I would love to ask other questions but they would probably not like them. The above I believe on real legitimate questions.
No From 4's or 13 g's. Remember the days of the pipes when they insisted they were selling shares to serious institutional investors but they never showed up on the reports because they were already shorted. Where are the the 6 million shares? Deja Vu?
Where are ES, Pohl and CJ spending some of their 8 years of Board fees? Come on boys, you are funding and patent specialists no? All imo.
You don't need to play puts when you know you can short the millions of shares you are getting at $1.11 all the way down from $2.50 as it is harder to find people for the matching puts.
From now on we will be shorted down in small volumes as we currently are since everyone in the world knows our great BOD is desperate for money and unwilling to make a deal. Any news will be driven down rapidly as it was in August since they know either the ATM will be in effect or another pipe. Sad but true the days of the pipes are repeating themselves. The greed, incompetence, stubborness (take your pick) of mgmt is beyond speechless. Their actions of suppressing PR's, not hiring a PR firm and unwillingness to add to the board and/or fire our CFO is suspicious.
As one poster is finally seeing the light, why in the world wouldn't Dart or Big Pharma just take this company now if they really wanted to. The most they can save is $1.09 right now. The quicker they get their hands on it and move the science and AVID capacity the quicker they would make money, No? Something is seriously wrong in PPHM land. Now only one trading day from the 4th quarter and our supposed meeting with the FDA. Why haven't they released the schedule date yet or is there not one made yet? All imo.
I wish we would go with the ebb of the flow of the market. Our great cheerleader of a CEO can't even get that right LOL!!! If we went with the flow we would be about $2 right now and not at 10 year lows! Yep, sharks our circling since mgmt let them know they were desperate for money. No way next financing deal is better than $1.11. ES and the boys are dealing with smarter and shadier people them themselves. All imo.
I will thank God for the continued opportunity to accumulate and support PPHM. I recommend this to everyone!
Start recommending it to mgmt and the BOD! You can argue they are responsible for more people dying and the slow progress of the science. They would be moving along move rapidly if not for greed or incompetence. You can pick either one. All imo.
Please, a lot of what he says are actual facts not some hypothetical six months from now projections. What is more hard to believe is that a real shareholder would be happy with the same mgmt team that has been in place for the last eight years and we are at 10 year lows? How can a true investor be happy that the board refuses to add additonal members and hire a PR firm all the while suppressing PR's while they dilute the crap out of our investment and then do not even answer investors emails. The same board members who are together in a penny stock company that is tanking and we expect they suddenly have shareholders best interest in mind. That is the real question. All imo.
On a day like this you have no idea what that may have been worth.
LOL! PPHM was down 4.27% on a day like today compared
to the dow 3.52% and Nasdaq 3.27% The bar keeps being lowered and lowered. I guess it is hard to keep coming up with something positive to say about the way mgmt has handled it.
Should be a great dog and pony show next week. I can hear Ltyle now, Yes we just sold 6 million shares at 1.11 and nobody is rushing in to buy it including us the mgmt but please please please by some shares or I will have to sell it to you later at 50 cents. What a joke! All imo.
So you are happy and confident that we have a mgmt team that is basically the same team leading the penny stock company PTSC into the ground and with their success to date in creating shareholder value. You find nothing wrong that these penny stock board members with no history of success or experience in the field of their company (except SK) refuse to add valuble members to the board that could maybe help the company. Continue to keep members of their mgmt team on board while they have performed probably to lower levels than people could imagine all the while giving them bonuses and options to boot!. Hmmm, I guess I can find some logical reasoning in that. They have been giving plenty of time and in light of their resumes, past history and their success to date they do not deserve to continue unmonitored in my opinion but if you are happy with their performace than good for you! All imo
No, I continually acknowledge as do others that we may all lose our whole investment in pphm. We knew that when we got in and still know that today.
The difference is I could bear to lose everything because the science fails but what I can't tolerate is losing everything because it is either being stolen by mgmt or either we have an incompetent mgmt team who can't finance but anything at the lows, doesn't release PR's, doesn't hire a PR firm or an accomplish COB or add board members all of which would improve the company. In my opionion there are no other ways to describe the actions of this mgmt team.
I've said it before I rather this thing fails tomorrow because of bad data than have mgmt continue to fleece shareholders year after year by diluting, collecting salaries, bonuses and options. They have things they can control at their disposal that would stabalize the company, give respect to the street and put this company in better financial standing but they choose not to do it! I hope they have better lawyers for themselves than we have for the company because they may need them. All imo.
Were are all the 13 forms? Are we back to the pipe days where Lytle would say we sold to institutions yet they never showed up in the report because the were either alreaded shorted or overseas?
The thing that is scary is that in one week we may be complaining that mgmt didn't sell enough shares at $1.11 LOL!
Wow since the market knows PPHM doesn't need money for the next two months people are rushing in to buy more including our mgmt!
Still mind boggling that if the science is so great Big Pharma could purchase this whole company probably for less than 500 million and nobody is jumping in.
Mgmt will sure have to put their rose colored glasses on at the shareholders meeting. I wonder if Garnick is having second thoughts about being associated with this mgmt team or is he just happy to be getting paid a Kings ransom. Take the money and run perhaps. Wonder why he doesn't ask for a real COB and CFO to get his programs running easier? Maybe he is in on it. Greed is contagious. Just looking for explanations for things that don't add up. All imo.
All a shareholder can ask for is to be told the truth by mgmt about the operations of their investments. Why people in my opinion are so pissed off is because we are told nothing and we have been lied to. We have made our investment based on mgmt's words and then things just disappear without explanation.
Why can't shareholders get an explanation of why we had to this financing?
What is status of Dios?
What is Stason doing?
What is status of our China Subsidiary?
Why waste money on renting extra space for AVID and then not be running at full capacity?
Date of FDA meeting? If no date set yet we are in big trouble.
What is status of our stake in Medipharm? etc....
These are all legitimate questions that should be answered when they are asked. Instead we are totally ignored while mgmt continues to miss their own deadlines.
Why did Truc Le and Chris Eso leave etc.......
CP give it a break. Mgmt knew they needed money and they had 6 months to gradually sell shares at 2.00 and above. They also had numerous PR's that they didn't and still haven't used that could have been used to sell shares and create higher prices and volume to sell shares via ATM. I think we all agree just by hiring a PR firm or a COB would have created the opportunity. They just chose not to and then they insult everybody's intelligence by having Lytle say we are increasing institutional interest and we sold at just a 19% discount. We sold the shares below the 52 week low for crying out loud. If thay wanted instituional interest they would have did the RS split at 10 dollars. If they wanted interest they would hire a PR firm and get rid of the going concern clause and the loan. These guys have their own agenda and from their past history it isn't pretty. All imo.
BTW usually if the selling item is a great deal people would be willing to pay more to get in and get more shares. In order to get that many shares they should have paid a premium not a discount. When a house is on the market real cheap they usually get a bidding war and a higher price. Not our mgmt team.
That was the problem with the $6M sale to Dart and the boys. It signaled the opposite. Don't buy on the open market if you want to buy a lot of shares. Just hold out and come to us because we will sell them cheap because we need money. Maybe they had no other play, but for those of you who play poker, it may have been time for a bluff. Whether it was taking out a loan (if available) for enough money to get us into 2012 or monetizing Avid via a joint venture like they talked about once upon a time.
Exactly what I have been saying! This deal tells the sharks to start circling! The sad part is they are repeating the same thing they did two years ago with the pipes. This is probably the worst deal ever because the latest deal is only good for two quarters max plus it was done below the 52 week low! You know it is bad by how quiet and silent some people have been on this board :) They can't even put a positive spin on it. Imagine how much more shares it is going to take. There is no reason for an institution to buy in now. Mgmt just let them know they are desperate. How they could make this deal when they are 10 days away from the 4th quarter and a meeting with the FDA (if you believe mgmt) and data coming up. Why have ES and Lytle if between the both of them they can't come up with a bridge loan or something. Come on ES you can't get your buddies to do a loan for 10% when they are getting less than 1 percent interest on their money.
Lytle should be fired and ES kicked off the board at the very least! My only hope is somehow a white knight jumps in and just takes over and screws mgmt. Like I said before hopefully Karma catches up with these guys. All imo.
Hayward, I received the call asking for me to vote my shares in support of management and gave my permission. This has become an annual event. No big deal.
Of course you would give your permission LOL! No big deal that we are near 10 year lows, mgmt only met 1 out of 8 objectives plus not only did they do a crap financing they didn't even do it at the low of the year, they did it BELOW THE 52 WEEK LOW! But lets keep giving mgmt want they want while they suppress PR's and don't take shareholders questions or emails. Your right unfortunately this has become an annual event. All imo.
I just can't help to think there is some way out there to find money by leveraging our science with a BP. If they can't agree on price then think out of the box and come up with something.
Since their loan is practically "payed off" why couldn't they renegotiate the loan to a bigger loan like 10 or 20 million? Surely our collateral now should be worth more than what we used for the inital loan no? This certainly would have been better that giving away 9 percent of the company below the 52 week low? All imo.
A real CFO sees 6 - 12 months ahead and predicts financial needs. Like RRdog says - anyone with HALF A BRAIN can MATCH needs. "oh looky here we need $$$, let me sell stock at an ALL TIME LOW price....look at those funny bagholders, i mean shareholders...theyre actually sticking up for me...hahahaha." That is what Paul Lytle is saying.
Johnny, I think the only people who don't see this financing as a joke and shady are mgmt and the friends of mgmt who may or may not post on this board. It is a travesty that our CFO still has a position with this company with the financial deals we have made over the last 8 years. In my opinion anyone who does not agree that this company needs a fresh mind and a real CFO who can at least think outside of the box has to be friends of mgmt. Of course mgmt must be happy with these deals and agree with it otherwise he would be gone. Then again this is the mgmt team that appointed CJ as COB and has ES on the board who supposedly is a financial expert. That is the scary part! Go to Forbes and see what each BOD has collected in salary and options over the last 8 years and it will make you throw up but hey people say it is too late for a change! LOL! All imo.
What they really want (no matter what Machiavellian scenario one subscribes to) is a run up in stock price to $5-$10 a share (only 1-2 pre split) and then knock out 10-20mm shares and lets get on with the job. Financially speaking--- the price of the stock is A KEY FUNDAMENTAL.
Ergo , they need to do everything possible to stimulate that kind of a run and IMO they have the ammunition to do it. The sooner the better.
So let me get this straight. Mgmt has the ammuniton to run the stock price to 5 or $10 but just sold 6 million shares below the 52 week low?
If we are to believe that then mgmt is either:
1. Totally incompetent (possible)
2. Mgmt wanted to keep the share price down by not issuing PR's. (possible)
3. Were told by Dart that no matter what they do he would force the price low unless he was compensated so mgmt had to do this financing. (Only scenario which doesn't paint mgmt as total incompetent in finance)
If scenaario 3 is true, mgmt will now have to keep it quiet for a while so it doesn't look like they were complete morons for financing the stock below 52 week lows. Of course all 3 scenarios could be true also.
What I believe is definitely true now is without real concrete data and/or change in our CFO and COB we are going to get raped in our next financing and for finances to come. In my opinion mgmt tried to bluff their way to a bigger deal and now they are getting schooled. Let them continue to beg for more options. All imo.
Geo, The point is instead of having your entire portfolio for collateral for a couple of 100,000 dollars why not pay it off and use your collateral for tens of millions instead of a 50% discount financing to your possible friends? Common sense no? All imo.
But if not, I would just like you prefer to have it closed, just to lift it out of the list of things we should do over and out with. Still geo is right i think, it's as such no big deal not even an issue.
Cp, I disagree. Why leave things open? Clear things out and get them out of the way. It is just plain ridiculous if it is not closed. If nothing more it may open up better avenues for financing perhaps. It is just bad business practice to not tidy things up. Little things become big messes when you have to take care of them right away. Think about our last financing! I think they purposely do these things because there is no other logical explanation for the way they do things and not to get fired over them. All imo.
Geo, Call your broker and tell them you did not get a proxy statement yet and for them to send you another one.
It is quite ironic that this mgmt team will not hire a PR team, answer emails, talk to you on the phone, have IR answer your questions, but they hire a firm to call up shareholders begging for votes. What a bunch of cowards! Man up and take investor phone calls and have IR answer legitimate questions!
How Paul Lytle still has a job is beyond me. I guess when you hire CJ as Chairman and have ES either sitting idly or actually involved in these financings it is not hard to understand. I can't wait for the people once again to say that the company needs these incentive options for their employees. If mgmt is so concerned have them transfer the ridiculous amount of options they gave themselves in 2010.
BTW, Why no discussion on why Chris Eso left? We keep getting these stupid posts about job postings when people are probably flying the coup and need to be replaced.
Other than friends of mgmt I can't imagine anyone voting for the incentive plan.
We are now 16 days away from the fourth quarter and our meeting with the FDA. Looks like nobody cares. Why hasn't mgmt bought shares yet at these prices? I guess they think there are enough people who will still vote to give them options instead of forcing mgmt's hand.
I also find it comical that people are now focusing on what SK said in the CC about partnering, partnering, parterning. How can you take that seriously when we have been "in talks" for the last five years! The share price and mgmt's actions say it all! All imo.
I am saying as long as the shorts and the institutions believe we have nowhere to get money except the ATM and Dart's of the world then we are not going anywhere
Been saying that for the last year but everybody just talks about the science.
I believe it is safe to say that mgmt and the BOD are once again being schooled by sharks who unfortunately are a lot smarter than they are when it comes to finance and business. It is quite obvious (unless mgmt is as inept as I hope they are not) that they were forced into the latest financing deal and had to suppress any PR so as not to look so foolish into doing a deal at $1.19 when the stock was $2.20. They now imo are backed into a corner and are repeating the same lessons they were burned about two years ago with the never ending pipes. Who can forget all those sales to "institutional investors" who never showed up in the institutional report.
I believe mgmt tried to bluff and once again they lost due to a combination of delays and just plain incompetence. In my opinion ES who is supposedly on this board for his financing abilities and Lytle as the CFO should be held accountable for this since this is not the first time. All imo.