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To radically change the BOD make-up now could very well cause delays as we enter a new era of the learning curve.
What a ridiculous statement! What do Pohl, ES and Johnson do that would cause delays if they are replaced? The same reasoning has been made year after year.
Learning curve? Us shareholders are not paying tuition for the BOD members. Aren't they suppose to know what they are doing?
Question: There are four BOD members now, do the current BOD members feel so insecure that they can't put two board members that actually have a real finance and business member in place? They still would be outnumbered 4 to 2.
Not going to ramble on but facts are facts and the stock price speaks for itselfs. After every disappointing news the fact of the matter is someone comes on and posts that we will all know one way or another in six months. This has been going on for years. As for Garnick, with the way this company PR's when they hire people and not when they leave (Garavoy) one has to wonder if someone is still with the company when someone who is in a high level position isn't heard from in almost a year. Quite strange anyway why the company would not want to utilize Garnick more in a PR way anyway don't you think? If we are in this great position after 17 months, how bad of a position were we in 17 months ago when people were saying another six months?
If you want people just to stroke your fancy with positive thoughts you can always ignore the people you don't want to hear. Just think of all the positive imposters that people embraced that have all gone away. I will not name them for fear of the moderating police. Have a good night and hopefully one day you can throw all my posts in my face. Maybe in another six months! LOL! All imo.
Geo, Not meant for a good vs bad post. Just as much as people are sick about the complaining, I am sick about the wait another six months, PPHM wouldn't be hiring if things were not going good, reputation of personnel etc....
We have heard it all before, fact is no matter how you may want to dispute it we are at 10 year lows plain and simple. I have stated many times I am not greedy and I have significant shares. I just find it incredulous that people are happy about having to wait at least another six months with no guarantees. I have stated a couple of times I will gladly get out at 5 if possible which will make me very well off. That is why I find it laughable when people say that they are shaking the tree. People with large shares are not leaving. If you want to shake the tree have the stock run. Then you will see people give up significant shares. Just seems there is always a delay and that mgmt never comes up with a surprise. Just as some of the negative posters have no shares, I wouldn't be surprised if most of the moderators and pro management supporters have none or little shares. All imo.
Being the year end conference call, it would have been nice to hear a discussion of our China subsidiary, Stason relationship, Mary Boyd's progress or lack thereof, any ocular, vetinary, or imaging progress. Seems like alot of info got left out.
Yes it is ridiculous on a year end CC that real investors can't ask questions about the company and get updates about what is going on. You wonder why shareholders may have contempt for mgmt when it shows how they treat the shareholders. When you run and hide it looks like you are hiding something and right now mgmt is hiding.
Why doesn't this company have a real, legitimate IR/PR firm? How do you expect to get top dollar for your company when you continually make your self look incompetent. How many PR's have to have mistakes in it or be poorly written? We are still selling ATM shares so every penny counts! At least to shareholders that is. All imo.
I'd like to think the new guys on board are here for more than a short term paycheck. If Peregrine does not make it big soon, I don't think their employment will last more than 18 months.
Do you really think they care? Most of them are probably consultants anyway. They just move on to something else.
Garnick's already been here 18 months. Nothing to show for it so far but a signal seeking trial, a revised delayed trial and a lower stock price that was around $4.20 last June. Yes that is right we are at $1.88 a year after we supposedly had to wait another six months.
So much for progress. Just goes to show you that business trumps Science! No matter how good the science is if you can't execute it doesn't matter. Less than 40 cents pre split and people are happy about how the science is progressing. Time to take the blinders off. Very depressing indeed. Thank God we have our three penny stock BOD members to guide us. Maybe they will not be comfortable until we actually get to be a penny stock.
Question for all the people who are saying wait another six months to a year. What keeps the investor in PPHM now?
In the next six to twelve months there could very well be both a Cotara and a Bavi partnership based on some very important phase II studies
Here we go with another six to 12 month prediction? LOL! Why not just say in the next couple of years? Always in the next six months as the last six month prediction passes.
The management have done a lot of very positive things since the Dios announcement.It is not their fault if Dios failed!
How is our China subsidiary doing? BTW was it mgmt's fault that our data results became signal seeking and thus more of a delay and dilution? When our people held accountable?
Rrdog, since you seem to give an honest assesment of things, what is your take on the CC and the state of the company?
Garnick came on board in 2009 so this is definitely on his watch. I guess people can't blame it on previous mgmt anymore. More delays, more dilution all the while they keep collecting their salaries, BOD fees, and free options. What a world!
Come on Garnick, lets see how excited you are and purchase some shares and/or demand a seat on the BOD. I'm sure we will all be disappointed when the proxy comes out and nothing changes.
So tired of hearing we will know in four months. Now people are saying early spring. Really ridiculous how many delays and hiccups this company has had.
If Garnick has this supposedly great following and he is really excited about PPHM, I find it hard to believe that big pharma would keep waitin on making a deal and risk losing it to a competitor. There is not one Big Pharma that is willing to get in the game a little earlier to make sure they don't lose it to another one? Sounds fishy to me when you consider the reputation Garnick supposedly has.
This company was starting to get momentum as with the article about potential revenues and they blew it once again with a dismal forecast in the CC of more delays and flat revenues. Still boggles my mind why they don't get a professional IR/PR firm especially if we are only four months away. Amy's lack of response to shareholders regardless of tone is unproffesional. The fact that legitimate questions or emails are not even acknowledged is shocking especially when she knows the amount of shares the shareholder has. (which shouldn't matter anyway!) All imo.
The potential for the stock price to soar was there. Unfortunately we were let down again.
http://www.thestreet.com/_yahoo/story/11182038/1/5-earnings-stocks-that-could-explode.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
From the article:
Market players are going to want to watch what PPHM's management has to say about Phase II survival data for its treatment of non-small cell lung cancer. Any positive comments on the conference call could send the stock soaring
I guess today's stock price tells it all about what they thought of the conference call.
Lafont. A lot of people here believe in the science and are hoping somehow that this BOD gets changed.
The reason why the stock started to move was people were hoping for revenues in AVID. These revenues are fully realizeable as has been shown from past quarters. Imagine if mgmt and the BOD made a conscious effort to get this part going. In my opionion it should not be hard and in my opinion borders on negligence and incompetence. This alone would probably fund the research. This has been the state for a long time. We knew for the last five years we didn't have a commercial product so why no results?
Instead we get the answer that mgmt is reserving capacity for a commercial product that may not even happen at all yet nevermind in the next year. So is it prudent to let AVID just sit there and the shareholders lose money on a gamble. They have extra space don't they? Why can't they do both? The company could be making money now. AVID should and could be the safety net that holds the price steady. Instead we get the same status quo every year.
Yes there is no guarantee that the science will be a success but you have a guaranteed revenue maker in AVID that is not being used in the best capacity. I don't buy mgmt's explanations.
There have been too many hiccups and no real results with this mgmt and BOD. Again, Steve can run the science operations but we need a business expert and a financing expert rather than the three penny stock experts. How many years do we have to here they are excited. It is quite very amateurish. At least we went from excited to very excited this year. Maybe next year we will be very very excited.
The way you complain about people continually bashing mgmt it amazes how people who supposedly have alot invested in this company accept mgmt's blunders, delays, and dilutions year after year without tangible results and a stock price that is near ten year lows while other companies with similiar or worse balance sheets and potential have prospered. All imo.
Equally obviously, Peregrine management is telling us they believe the company has a potentially very bright future, and they are going to raise the money and hire the people they think can make it happen.
They are closer to knowing what the real probability of success is than anyone who posts here. They may be right or wrong, but they are better informed and plugged into the biopharm world than we are. I will let my money ride with them.
Really, Then how come they are not putting their money where their mouths are and why are they having a difficult time selling it to institutuions or to get better financing. It seems the only one they can sell it to is you! LOL!
Really amazing that with only about 2.5 months till the 4th quarter and the supposedly meeting with the FDA that nobody is jumping in here including mgmt and the BOD. BTW, do they have Carlton Johnson in a cave somewhere? All imo.
I guess Garnick's optimism doesn't carry much wait with investors.
While I like the recent top hirings. The company used to have 82 employees a couple of years ago and now has practically doubled with no increase in shareholder value. Quality is better than quantity. When AVID is running to full or close to full capacity then mgmt will get kudos! All imo.
You have been hoping for a surprise in revenues for four quarters now! It is not going to happen. They already told you in the CC! The hirings at AVID are probably replacements. They did 27 million with less employees!
You got it Geo fair is fair! Happy to see Garnick on call. However I think it shows that some if not most of hirinbg at AVID could be replacements. Remember they did 27 million with less people before. All in all it could have been worse. Just tired of the we are excited, big pharma really interested etc.... Kind of makes it seem like they were lying two years ago when they were saying the same things. I guess we wait for data now.
Yep, same old crap every cc but now they are REALLY EXCITED about next year! LOL! You can't make this stuff up. Still a time limit on questions. In my opinion that shows lack of confidence or they are afraid of what may be asked. They could always decline to answer.
Still very disappointed in AVID!
Here is a question, for the last couple of quarters mgmt has been blaming the poor numbers from AVID on timing. If that is true then why haven't the numbers been increasing every quarter and why are the projections for next year showing no growth? How can they not have any growth?
I still think they know something we don't and obviously it's good...That's why all of the hiring and new people are joining the company.
They have been hiring now for the past two years, Garavoy, Boyd etc.. Nothing has changed except the stock price going down and swapping new hires for the old hires.
As far as them knowing something. I hope you are right but so far mgmt and the BOD have not shown recent confidence as they would be buying big here for the last two years regardless of the freebies they are receiving from shareholders. Still mind boggling as to Carlton Johnson as COB. It will be interesting when the proxy comes out. If no new BOD's then same old same old.All imo.
pphmtoolong, re your statement: "I just hope all the recently hired talent knew what they were doing when they signed on with Peregrine."
They do :)
Have an enjoyable 4th everyone.
James
In the immortal words of Lafont, do you have anything to back up that statement or is it just your opinion? BTW, how is your club going? Been a long time hasn't it? All imo.
Thanks! Hopefully he will be on the July call as that will be a year since we have heard from him. I really don't think it should be a yearly event that you hear from the head of Regulatory Affairs but that is just my opinion.
CG, Do you have any quotes from Garnick that are less than 18 months old?
No it is not like last time but we can only hope Dart is buying.
What do you expect when your CEO finally gets to make a statemnent for an article and saids something moronic like he did. Just think of all the fabulous things he could have said. For example, We really announced great results, we have an exact month to meet with the FDA which we feel confident and we can't understand why we are not being recognized, however we are all so confident in our company that we are all going to purchase shares in a scheduled stock purchase. Words can't describe how idiotic his statement appears.
One thing the movie makes clear is that you better partner with BP or have somebody big in your corner. Remember, Genetech partnered (sold minority share) with Roche prior to Avastin getting approved and then sold out to Roche later.
That is why it is ridiculous that these three penny stock BOD members think they can do this by themselves and play the bluffing/who blinks first. Unfortunately the sharelholders will lose the most when these guys get burned. We have lost so much as it is. The penny stock BOD can afford to gamble as they are still collecting over 80K a year and free options. If we get diluted they just add more. They have nothing on the table. All imo.
Find a company with good technology and with good executives that has a drug which addresses an unmet need and substantial benefit” over existing treatments, says Medivation (MDVN) CEO David Hung.
Hmmm, I guess other people think having qualified executives is an important thing to look at. I wonder how our two penny stock lawyers Pohl and Johnson and a pipe financer ES hold up to the test. I wonder if they address themselves as the Three Amigos or the Three Stooges. All imo.
Quote from Steven King 6/10/2011
“The post-ASCO effect is simply money moving in other directions,” says Peregrine Pharmaceuticals (PPHM) Chief Executive Steven King. “We go with the ebb and flow of the sector.”
What a stupid quote! We go with ebb and flow of the sector. The sector is not at 10 year lows! Why wouldn't money be flowing into PPHM when the company supposedly announced great results is at 10 year lows and according to mgmt never been a more exciting time! This guy has no clue how to tout this company!
I don't mind SK, but he should not be CEO. He should be in charge of the science operations but this company needs a business man at the helm and a real IR/PR firm. Not some person who is probably working from home doing telework PR's!
Even in the darkest days, shareholders could at least look forward to getting answers on a CC and from IR. Now the company is just into hiring consultants who may or may not be working for the company and no updates as to the business side of the company. All imo.
For you Geo!
Post # of 64941
IMO, the ASCO poster was made prior to the abstract due date of 2/2/2011. That would leave about two to three months left for the censored patients to survive if the mos is still able to be extended out to 11.5 months.
Why do shareholders have to guess when the poster was made? Why can't IR or mgmt answer these questions?
Have a good night, I am done for today!
What previous mgmt teams put them in this position that they haven't been able to get out of it in approximately 10 years?
Not wrong on ES. Yes many were bought on the free market but that doesn't mean they were bought from his money. Still a man with his money can easily average down right now and send a statement don't you think? all imo.
Wasn't it this mgmt team that miss the Russel by doing a pipe right before it? Wasn't it this mgmt team that lost to Epstein? Wasn't it this mgmt team that made the Dios deal? Wasn't it this mgmt team that did the reverse split? Wasn't it this mgmt team that opened a China Subsidiary? Wasn't it this mgmt team who keeps giving themselves options and bonuses and collecting fees when the company is short on cash? Wasn't it this mgmt team that appointed Carlton Johnson as COB and then didn't know they had to PR it? Isn't this mgmt team responsible for Amy and her poorly written PR's and investor relations? Isn't it this mgmt team that has the stock price near its 10 year lows after all their supposedly success? Just my opinion.
Remember when Ed Leger used to hold CC's that lasted for hours and ended only after every question that was asked by a shareholder was answered? No matter what the stock price was at least the shareholders knew what was in the works and Legere had pure passion for the job. What are these guys afraid of?
I think they have been hampered by the economy and even more so by the position previous mangement teams put them in.
This mgmt team has been in place for over eight years. Are you kidding me? Who are the previous management teams? You do know it was Ed Legere who was responsible for AVID.
As for ES's shares, it can be argued that most of them were for his part in the pipes and financings that he did to supposedly save the company.
How long does he get a free pass on what he did 10 years ago? Just because he supposedly save the company (he did profit immensly from it) it does not give him the right to continue to not act in the best interest of shareholders. We keep hearing they don't want to give it a way. How much does he need? The Science could move at warp speed to where it is now with proper financing. I still don't get with all of ES's connections that he can't broker a deal for PPHM All imo.
From the Nov 17 PR: "Additionally, Peregrine reported bavituximab in combination with the antiviral drug ribavirin improved survival by up to 50% compared to either drug used as a monotherapy in several models of VHF. ... These data are particularly encouraging and relevant to our future planned clinical studies in HCV as we near completion of enrollment in our Phase Ib trial in patients coinfected with hepatitis C virus (HCV) and HIV."
IMO, the HCV trial starting in January and reporting results in May is the NEXT BIG INFLECTION POINT.
IMO, the Company is positioning to raise some capital as the Street wakes up to the fact that PPHM is both a major cancer play and a major anti-viral play. There won't be any shortage of buyers to absorb the new shares, whether they be Mr. Dart's friends or newcomers.
Does anybody know when we will see the HCV data? I guess there isn't a shortage of shares!
Then put him on ignore! The same wait six months posts get tiresome also. Facts are Facts. Near 10 year lows. No member of the BOD willing to put significant money on the line and the BOD appointed Carlton Johnson as COB! Hey, but we are in talks! All imo.
Since there has been a lot of posts about the PPHM hiring I thought this is a relevant post to show some perspective and history.
Fire Fox Share Thursday, October 01, 2009 12:55:15 PM
Re: cjgaddy post# 42337 Post # of 64764
WOW-- that means the work force of the combined enterprise will have grown by 18.5% in the 7 months from 3/18 to 10/18.
Sounds like a Company that is expecting significant near term growth. When you are low on cash like PPHM, you don't go out on a hiring spree unless you are darn confident about having lots of new work -- e.g. new cancer clinical trials to manage, more government anti-viral contracts to manage, new BP collaborations to manage -- to keep those new hires engaged.
Thanks C.J. ... The fuse is lit !!!
Here is a beautiful relevant post from 2009. Sounds very familiar doesn't it! This is regarding recent hirings in 2009! Amazing same people spout the same things over and over. You can't make sthis stuff up!
Fire Fox Share Thursday, October 01, 2009 12:55:15 PM
Re: cjgaddy post# 42337 Post # of 64764
WOW-- that means the work force of the combined enterprise will have grown by 18.5% in the 7 months from 3/18 to 10/18.
Sounds like a Company that is expecting significant near term growth. When you are low on cash like PPHM, you don't go out on a hiring spree unless you are darn confident about having lots of new work -- e.g. new cancer clinical trials to manage, more government anti-viral contracts to manage, new BP collaborations to manage -- to keep those new hires engaged.
Thanks C.J. ... The fuse is lit !!!
why would big execs join pphm and why would they hire them unless they had a good idea on the data. if it was crap, they would not be expanding.
If that was the case why isn't mgmt and the BOD buying shares on the open market? They have been supposedly expanding for the last two years and we have seen nothing.
Subjective to say big executives. We have hired big executives before and they left without a PR or reason. Again, hard to know for sure when some of the kep players are just paid consultants.
Lets see so far in just the last year and a half we have had the disappointment of the Duke Paper and Haynes, the R/S which we still have not recovered from, no significant license deals athough we have been in talks for years, no significant mgmt purchases, no Bavi updates for ASCO and now the Cotara dud news. Can we really expect mgmt to pull off something positive with the FDA meeting? Why do we just say it is in the 4th quarter, is it scheduled yet? With mgmt timelines we can probably guess it will actually take place in the 2nd quarter next year?
Where is the signal seeking data or will that disappear like Dios, China, Medipharm?
It is amazing as I was reading old posts around the RS time with everybody talking about how mgmt would have something up their sleeve like the Duke paper or a Cotara license and that was back in September 2009! How long does this team get a free pass?
If you want to play semantics go ahead, you know what the message is.
Carlton Johnson's appointment still speaks volume. People keep talking about Garnick. For all we know he is just a consultant chiming in when needed. Now if mgmt really wanted to create a buzz and if Garnick really believed in PPHM just think what a huge announcement it would be if they made Garnick the COB. Just think about it. Instead we have Carlton Johnson the penny stock lawyer, and possibly a bunch of consultants looking for a paycheck. Now for people saying these consultants have a reputation at risk, then imagine the statement it would make again by being the COB of a company you stake your reputation on. Very simple business 101. Price goes up with announcement, you get more money for the ATM etc.... Makes you really wonder what the hell mgmt is doing on the business side. When you have an infinite amount of shares to sell and it doesn't affect you because you will just get more, I guess then it doesn't matter how long it takes. However, as scientists I would think they would want to get these tests done ASAP if in fact they have what they think. If Johnson has the time to be on several boards and run PPHM I think Garnick would find the time if he really wanted to or believed. Make the deal with the banker already! All imo.
IT was already posted by someone a long time ago that they received an answer from Amy that he no longer works for them. In typical PPHM no PR and only select few recieve answers from Amy.
There was also David King, Truc Le, Epstein....... Their are others but people know who they are.
Lets see stock is down significantly over the last eight years. However I will play your game. Yes mgmt makes money if stock goes up but they don't and haven't lost any money when the stock goes down yet every year they receive a new set of options and still collect their salary and fees. I can list many new hires in the past that were supposed to bring appreciation and they are all gone. Whose to say with their past history that these new hires are nothing more than paid consultants while they also collect money from other jobs. Kind of like Johnson and Pohl being on multiple boards with ES.
I have read many of your long diatribes over the years and it is amazing how after all these years you still paint a picture that we will know in six months.
Best Wishes imo!