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Does it also say that you can work here for 10 years regardless of performance and continue to collect salaries, consultation fees, bonuses options even if the stock goes to near 10 years?
So far data from trials still have not produced anything. Still same PR firm, same BOD. All imo.
Why don't you tell me?
BTW, How come you didn't respond when I asked if the grant that Thorpe received had any relation to PPHM? If not , why does someone post it like it means something and if so, why wasn't it PR'd? I guess it is more fun to go back and forth with me tyring to defend mgmt when it is quite obvious in my opinion that they are definitely either in hiding or incompetent. Past history says incompetent but they can't really be that bad can they when just announcing a real PR firm and releasing PR's would increase the share price even for 5 minutes to get a higher ATM price. It can't be about money since we are sponsoring a cocktail party? No out of pocket investment means they just don't care about stock price. They make money either way via lower options, salary and board fees. They have for the last 10 years but I guess changing now would stop all the good ES, Pohl and Johnson do in the day to day operation of the company. Especially ES on the funding front. Time will tell if the recent hires mean anything. In the past it hasn't. Past history and current history sadly hasn't changed yet. We can always hope people change. All imo.
You mean there are other people other than Garnick who can get the job done? Pressure is now on. If Garnick doesn't deliver there will be no excuses. All imo.
No comments today about PPHM holding up well I guess. Market down 1.6% PPHM down 3%.
BTW how many of those stocks previous compared to PPHM are at near 10 year lows? I wonder if they have kept the same mgmt team?
Hey just responding to someone who was ready to criticize. All I did was report a fact, no? I just thought it was quite ridiculous that even if we were up that someone would cheer about it. Are we suppose to cheer if this comes back to 1.50, 1.75, 2? In my opinion nothing to cheer about until this stock reaches $5 which sadly it hasnt seen since the $1 pre split days. So much for the RS. I guess that didn't work as most people predicted. Facts are facts unless you want to suppress them like the company suppresses PR's. All imo.
Grant must have nothing to do with PPHM otherwise we would have released a PR no?
No need to spin anything. PPHM down more than the market.
Here's the math. Try to follow:
Year 1 - issued 10K options at 10 valued at 100K - stock at 10
Year 2 - issued 11K options at 9.09 valued 100K - stock at 9.09
Year 3 - issued 12K options at 8.33 valued at 100k - stock at 8.33
Year 4 - issued 13K options at 7.69 valued at 100K- stock at 7.69
Year 5 - issued 15 K shares at 6.67 valued at 100K - stock at 6.67
Year 10- issued 100K shares at 1 valued at 100K - stock at 1
Year 10 stock ramps up to 2 and everbody high fives each other even though mgmt lost 80% of the share price after 10 years.
Mgmt still makes 100K on their options in Year 10 at a stock price of 2. The stock would of have to go to 20 in Year 1 for mgmt to make the same amount of money.
Besides the 100K in options they made 80K in board fees for 10 years (800K)and lets go on the low side and say 250K x 10 years in salary for SK = 2.5 million dollars.
So for an 80% decline in stock price the total comes to
100K in options, 800K in board fees and 2.5 million in salary.
Meanwhile a stock holder who bought 10K shares at 10 for 100K now owns 10K shares at 2 for 20K.
Shareholder loses 80K, BOD, mgmt makes 100K in options plus the 3.3 million. Fact is they shouldn't have a job after 10 years. All imo.
Another conspiracy rumor. I have been involved where my employer has been taken over or agreed to a partnership. They just added whoever they wanted to the board and got rid of whoever they didn't want. Lets get real. If we partner with somebody there would be no reason for ES, Pohl or Johnson to be on the board. Oh wait there is really no reason now is there? YOu can have a 20 board BOD if you wanted to!
The point is if it takes 1 year or 10 years for the PPS to grow, they do not lose money that they laid out personally out of their own pocket. It is not too hard too understand unless of course you are just trying to be argumentive. All the while they still collect their board fees, salaries and yearly options. If they had to lay out 100K for their options to be vested and hold them a year then they would have a much urgent vested interest especially if they would expire that year and they lose 100K. Here it is not the case. If they have 100K options at $3 and they expire then they just reissue 300K options at $1 and therefore they actually have more options for the same relative value at the time they were issued.
As far as being cautious for the FDA, Please didn't we already go through this process with being secretive about Duke, the govt contracts, the original Cotara phase III, avian flu etc..... The track record of this company does not support that argument if you are really a long term shareholder the last 8 years.
There would be absoulutely no harm in hiring a PR/IR firm and not having one is definitely costing shareholders money as long as they keep selling ATM shares. Just basic common sense. All imo.
As we seen today the price can move quickly. One PR can increase the share price by 30 cents x one million ATM shares is $300K. A new PR firm, new COB all better investments than a cocktail party! Been doing shows for 8 years now, I guess it is time to party!
Hope you are invited, maybe you can work your magic :)
The questions I asked earlier still appear to be unanswered.
Here's a novel idea. Why not ask IR?
Peregrine Pharmaceuticals, Inc. is proud to sponsor the cocktail reception at the Gigi Shaw Arledge Conference on Pancreatic Disease
Pathetic! Now I know why we don't issue any PR's! We have to save money to throw a cocktail party! I wonder if the plan is to get potential investors drunk and get them to invest before they sober up?
Why would anybody in their right mind not want another set of outside eyes just to stay out of the courthouse?
Why would anybody in their right mind also not want a professional IR/PR firm when they are selling ATM shares. Every penny lost costs shareholder's money. I guess when it is not coming out of your pocket it doesn't matter. all imo.
One can always use the ignore function if they don't like hearing the truth.
Once again after reading the prelimary proxy one has to wonder what mgmt and the BOD's motives are?
How do you not put a real COB in place and additional members on the BOD? There is no negative that could come of it other than forcing the board to do the right thing.
It is also shows that they will continue to go without a real PR firm.
Why mgmt does not want to attempt to get the share price up (not even talking about making fluff PR's) should be a concern to every shareholder and should be voiced to mgmt. I would say send it to IR but we really don't have one. All imo.
Toolong LOL! Yeah like trying to convince yourself that trials are the only thing that matter and the only thing that will move the stock. Keep repeating it and maybe it will happen.
Again with my hammer, mgmt has control to put in a real PR firm, real COB and real BOD. They refuse to do it. The question is why would they not want to try to get a higher stock price. Even if a new PR firm wouldn't raise the stock price (although I bet it would if it was a respectable firm along with a respectable COB or CEO, CFO etc..) it certainly would not make the price go down and anybody and I mean anybody could do the job the current IR/PR is doing now althought they might not make as many spelling errors and mistakes. Hell they may also know how to answer an email. All imo.
We are supposed to be happy because we went up 2cents? Are you kidding me? No wonder mgmt thinks they could get away with anything with people who think like you.
Again, CP enforced the point. If a good PR company just increased the price 10cents on 5 million shares that is over $500,000 in savings. That is just 10 cents! Just add a COB and BOD in addition. It is mind boggling the decisions this mgmt team make that cost shareholders bundles of money.
Near 10 year lows and you want to throw a party because we were up 2 cents. LOL!
No matter what is happening with trial data that can take 6 months there is something mgmt can do to affect the company tomorrow plain and simple: A real PR firm, a COB and competent BOD!
If we are ever to see a turnaround in this stock, it will be trial results that do it IMHO.
You may be right for the long term viability but even RRdog has posted that in short term all mgmt has to do to probably increase the share price a buck or two is to name a real PR firm. You can also add some price to the stock with a real COB and a real BOD. Why mgmt will not do this is beyond comprenhesion don't you think? You can also add some stability to the stock with a profitable full capacity AVID.
The short term position of this stock is just as important if not more important than the long term as far as shareholders are concern. There is a big difference with the stock being at 3 with a real PR Firm, real BOD and real direction than selling ATM shares at a buck, no mgmt buyback and the perception that the company is run by a bunch of penny stock lawyers over their head. That is reality as is that at these prices mgmt is still hiding.
It is really a shame that mgmt will not even let shareholders ask the question why there is no PR firm, why no investment banker etc.... Sometimes the pig has to get dress. All imo.
Until we get randomized trial data and a financial partner of some sort (other than ATM) we will be slow to go up and suffer on macro days like this.
Geo, the failure to get some sort of a financial partner in the past year has been a huge colossal mistake by this mgmt team. What the hell are they waiting for? Hell all this company needs is a 10 million dollar bridge loan to get us to when data is suppopsed to be availabe. I can't believe ES can't get us that. Unless we are being lied to and they know the data will not be ready? With the credibility and past history with this mgmt team anything is possible.
All of you on the board who are the real stock holders, do you really think it makes a difference if you bought at 2.00, 1.50 or 1.22. Buy when you can if it feels right to you and don't look back.
Have you emailed that to King, Lytle, Johnson, Swartz and Pohl? Maybe they aren't real shareholders?
Maybe Roswell could lend PPHM the $150 million equity line they recently cancelled with Alternate Energey Holdings! :)
I have been saying this for a while! Why can't ES get us an investment? He is after all in the business isn't he? If he can't what the hell is he doing on our Board!?
It won't be long now before I know whether I was daring or just stupid
I sure hope you are right that it will not be long but this saga was supposed to have been played out a long long time ago.
As far as the BOD is concerned.
Johnson and Schwartz since 1999
King since 2003 and Pohl since 2004.
Who keeps blaming other mgmt for the shape the company is in?
That is close to 1 million in Board Fees to ES and Johnson each and close to 500K in Board Fees each for King and Pohl. Not too bad for not increasing shareholder value to date. SK was COO from 2000 to 2002 and I believe that is a good spot for him to go back to. A real CEO and COB would do wonders for this company and I can't think of one good reason other than self serving reasons of the existing board to do it.
King is now up to $400K a year, while our CFO also keeps collecting salaries even though we have to sit idly and wait another six months because of delays. If you multiply their salaries by 8 years, shareholders have not received their money's worth. All imo.
Geo, Has mgmt ever told you why they don't have a real PR firm? It would be interesting to hear their logic. It is probably cheaper and better than going to these dog and pony shows with nothing to show.
I had a great relationship with Barbara at Gendel and in my opionion it was implied that she was indeed frustrated at mgmt's lack of support and way of doing things. The best thing I could say about her is no matter what tone the email was, she mostly always replied back even if her reply was angry in tone back. Hell even Frank Hawkins replied most of the time. The one thing I should have really listened to when Frank left is his opinion on EL and ES. He had a very high moral regard for EL. That is all I can say about that as I have no opinion other than appearances. It is amazing how things look now after reading back all of my old emails that go back to 2001. PR firms have come and gone but our boys club has stayed.
The way mgmt does PR puts the company in a complete amaturish light. How else do you explain misspelled words, wrong facts in their own PR's etc..... Plus they are totally inconsistent. One moment they PR hirings, abstracts, IST's and then they don't. It really makes you wonder.
I hope mgmt knows that if they could have got 100 million for the company 3 years ago at 40 million shares it would have been better than if we get 500 million dollars for 250 million shares two years from now. At a minimum the CFO should be replaced and a new COB named if nothing else to support the stock price and show the street that they have some credibility. It really makes you wonder about the motives of these people. They have a fidicuary responsibility to their shareholders. All imo.
I am content to wait the next 6-18 months for Bavi results.
Now it is 6 to 18 months! Wow what happened to just 6 months?
Fair enough. With the fourth quarter less than two months away and another CC about a month away, do you think they actually have a date on the calender with the FDA and if so will they say when it is on the CC? Why wouldn't they wan this known if they have the date? It is a big difference if it is in "early" October or "late" December don't you think? Even if it is in December it actually proves they have a date.
Don't you really find it disappointing that nobody from the BOD and mgmt has filed form 4's or for that matter that Dart hasn't doubled down? If he liked it in the 1.50's last year he has to like it now with "data" supposedly on the way.
What is your opinion on why this company refuses to hire a real established PR firm?
BTW, mgmt used "coming" with their new website and I believe that turned into a "few" months.
I wonder what the definition of excited and very excited is along with we are in talks? LOL!!
If the clinical trials prove this lab work, we may still make a lot of money even if the BOD of directors is a "joke" and too many employees get cheap options.
The problem is these trials never get completed or just vanished. Just think of the money lost because of the mistakes on the "signal seeking" trial and how mgmt never said a word pubicly about it. In fact I believe it was first mentioned on these boards.
So far data has only caused the stock price to go down no?
We have empty space still not being used in AVID, why?
What the hell has Mary Boyd done in Asia since she has been with this company and why is she still employed? Is she running our China Subsidiary?
Why doesn't mgmt give us an update on Medipharm and our shares we got from them? Wasn't this our big consolation prize made by our great lawyer team when Epstein beat their pants off?
Why doesn't mgmt man up and take shareholder questions on the CC?
Still waiting on a enrollment complete PR for the "on time" NSCLC frontline trial...Going on 4 weeks since King stated "a few" I believe on the call...wonder what a few is in peregrine speak?
Here is a definiton of few below:
few
determiner
not many, one or two, hardly any, scarcely any, rare, thin, scattered, insufficient, scarce, scant, meagre, negligible, sporadic, sparse, infrequent, scanty, inconsiderable In some districts there are few survivors.
Does mgmt ever say anything credible anymore? Four weeks is a month now not a few. Could only imagine when the actual meeting is with the FDA. Why can't mgmt give shareholders the month it is taking place? My guess it isn't even scheuled yet. October is the fourth quarter. If the meeting is in October wouldn't you want that to be known? It may increase buying on speculation alone but then again we wouldn't want that would we?
How very very excited can SK and the rest of the gang be about this company with no Form 4's filed?
In my opinion the overall market weakness should actually benfefit PPHM. PPHM is down near 10 year lows and really doesn't follow the market. What better way for people with a lot of money to exit the blue chips and invest in a company that is supposed to be undervalue.
However, this comes with a caveat that people would actually know about PPHM and this is where our lack of a real PR firm and investment banker is killing this company. Think about it, this stock is thinly traded and it doesn't take much to support the stock. People could dock here and support the price while the blue chips are getting hammered. All the while in less than five months (if you believe Garnick) we will have a meeting with the FDA and maybe smooth sailing.
The big question is why this isn't happening. Imagine how much better shape we would be in if we had an investment banker, a real PR firm and a real COB instead of the Five Musketeers (SK,ES,CJ,PL and Amy). The sad thing is this could have been done last year.
However it is never too late to correct mistakes. Not everybody has KT's view that change now is disruptive. That view is naive. I have no problem with going down in flames if the science is not good. The problem I have is that we were supposed to know about the science six months ago and now we are supposed to know in another six months and in six months we will be told another six months. Lets get this thing done with already! All this while mgmt collects salary, bonuses and options while missing real damaging milestones. All imo.
What is a joke is people failing to realize there is a business side no matter what the science is doing. You do realize that if AVID was running to full capacity and our stock price was higher we would have more funding, trials would run better and swifter. Do you thing the company can afford to waste shareholders money by not runninng the business properly. You have three clowns running the show who are penny stock people. We have no real IR/PR firm. You are right it may be moot if the Science is bad/good but how long have we heard this crap. Duke has come and gone, China come and gone, flu come and gone etc...... Keep making excuses and being naive. If you are happy with Carlton Johnson being chosen instead of anybody and you don't have a problem with that than you certainly have blinders on. Stock price at 10 year lows and with forecast being $5 after 12 months that is pretty pretty sad performance but people keep making excuses for their performance. All imo.
Djohn, The point is there was no vote for a COB. They chose to name Johnson COB they could have appointed anybody. If you followed the message boards back then, it was first posted on this board that Johnson was COB no vote no nothing. Someone at the meeting told them they had to release a PR. It was reported they looked confused and then said they would release it after the meeting. It is a joke plain and simple.
Carlton Johnson was picked for COB because he got the most votes
Sorry but that is wrong. Carlton Johnson was announced as the COB to the surprise of everyone at the shareholders meeting. There was no vote! The experienced board didn't even know they had to send out a PR announcing it. In essensce they gave whoever was at the meeting information before the public which is a clear violation. These are the people we are counting on to bring us to the finish line. Over eight years and nothing to show for it to date but broken promises and mistakes. All imo.
The fiddler is playing imo
Enough with that nonsense already! The fiddle is playing LOL! At this price today we should have had a ton of buying in today. Obviously mgmt still does not think it is a good enough buy. It is more important that we are down over 40 percent since mgmt and the BOD stated their cause than if someone is messing with 200 shares. It is more important to find out why our BOD picked Carlton Johnson as COB and why in the world does this company not have a real IR/PR firm! Its about results or to this poing lack of. So far we have had trial delays and according to the share price not so convincing data to date at least that is what the stock price is dictating. If mgmt doesn't believe that to be the case than they should be blasting from the rooftops as selling ATM shares as these prices is not going to cut it.
At some point you have to show some professionality. Having a penny stock BOD and an IR/PR firm that doesn't respond to shareholders and misspells PR's is not cutting it. Along with a CFO who can't come up with an innovative way of financing. All these dog and pony shows and he can't find more people to put down a 5 percent stake in this company? Please don't tell me about all the consultants that could be just looking to collect their paychecks. We have had them before. (Garavoy, The Duke Boys etc....) All imo.
The scary part is PPHM is down over 40% from April's high of 2.60(less than 4 months) and with data supposedly on the way in less than 6 months and an FDA meeting supposedly in the fourth quarter which is less than 2 months aways, nobody and I mean nobody is coming up and trying to purchase this company. How can this be? We are already at a discount to the lowest estimate of $5. How is it regardless of the risk a Bio Company isn't gobbling up shares. They could own this company with little cash. Besides that fact, is where is our mighty COB and BOD in all of this. Come on boys step up to the plate and I don't mean a measly 10K shares. Lets see what you guys think of your own company!
It is quite obvious that this mgmt and BOD carry no respect for their actions or words about their own company. Again we are supposedly less than six months away and we are at less than 30 cents pre reverse split. Mind you that people are getting excited about a $5 forecast which is a measly $1 dollar pre reverse split. Talk about non results. But hey I guess it would cause too much of a ruckus to talk about a change now! Our last quarter just ended so you can imagine the next CC will be a dud also.
It is convenient to blame the price on the market but the market is not down 40 percent since April in which mgmt had a major presentation and a conference call to tout their company plus show what they got and this is where we are at. Something is not right.All imo.
Dendreon Sees Job Cuts To 'Align With Near-Term Mfg Requirements'
Imagine that a company actually taking action and cutting jobs. PPHM justs hires more people and then generates lower revenues, gets free options and keeps collecting board fees and salary. What a life!
They have a greater potential revenue source in AVID and yet it still is not being run to full capacity during at least the last 18 months. (Bad timing is the redundant theme) I still find it hard to believe they can't do a better job with AVID and deals. It has been way too long yet according to our CEO we just flow with the ebb of the market. Still ridiculous!
Where is mgmt jumping all over the shares at these prices? Where is Carlton Johnson? This share price has everything to do with mgmt and the BOD plain and simple. Down about 30% since mgmt gave another we are excited conference calls. There is probably a big reason why they will not take questions from shareholders on the CC and the joke of the IR/PR firm they have. The delays in enrollment are killing the company as that means data gets pushed out further yet AVID sits still and waits. All imo.
I am saying that we would not have attracted all these new hires if there was not a real strong possibility of FDA approval down the road....and also there is always the chance of a real upside surprise on the incoming data.
How do you know that and if you do know it wouldn't big pharma who is more qualified than you also think it was a strong possiblility of FDA approval? Why wouldn't they jump in before any competitor? I really can't see a real strong possibility at this moment otherwise we would not be at 1.81. Our really excited BOD should be diving in at these prices. All imo.
I think he did that. Reading old filings I see where he set up financing and then got a nice chunk (10%?) for setting up the financing. don't ya think it was his buddies that did the deal?
Jess, I am aware of that deal, that is why I think it is laughable when they say ES bought shares with his own money and is a big shareholder.
I am talking about a real deal. Not like his previous pipes, not like Dios, not like Stason, one that would finally put PPHM on solid footing.
And ES a venture capitalist? Jake, my question is if ES is so powerful why can't he convince his buddies or fellow venturist to invest at a price ES deems reasonble. He after all knows the company bests.