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So much for the rebound! So after months of anticipation, we are left with a dud once again. So is the company line now wait another six months while we wait for an appoval to start a phase 3. Why can't shareholders get an answer on why mgmt got those huge milestone payments?
On the other hand, if you have no basis for making these statements, that would implicate a violation of various libel and slander laws.
Give me a break. Hiring Carlton Johnson as COB and paying Pohl and Johnson fees is wasting people's money imo! Maybe Volgoat has a safe harbor statement you know like we are in talks, we will not sell shares at this level, Dios PR, China subsidiary etc...........
Good to see us rebounding though.
Company still needs to make three key new hires. A real CFO, a real COB and a real IR/PR. Now if they also had a real banker who was interested in the comapany's prospects then we would be in play.
With the hiring of all these top people it is obvious that we are on to something good.
Maybe it is obvious to you but obviously not many people are rushing to buy at these levels including mgmt. Did anybody answer James about Truc Le? Why did he leave? Infinite supply of options to hand out to consultants makes for desireable retirement while collected consultant fees also.
We have had Garnick for two years now. Price still depressed. All imo.
They did 30 million for FY10 so they are still lagging with no growth. Every dollar lost is more dilution. They also did 23 million in 2009.
Didn't you say that last year! LOL! If mgmt met their milestones next year would be now! Let's hope so!
Could it be that this is happening at Avid??????
Not a chance. They already have the capacity to increase over 300% in revenue from now(8 million to 24 million). History and financials have proven mgmt does not know how to plan. Remember all the people tried to explain the hirings from last year that they were stockpiling. Not only was that not the case, but revenues decreased 70 percent. We will see soon when they have their next CC. All imo.
I read here a lot criticism of Peregine's management and it BOD. I grant some of it is warranted. However, the one characteristic that strikes me about them is their very high level of confidence.
They don't show any doubt that Peregrine is going to succeed on multiple fronts.
Avid just keeps hiring as though they really expect it to enjoy serious growth.
Really? You are stretching it again. Maybe if you say it enough you and other people may start to believe it.
Mgmt showing tremendous confidence? Where? If they were they would be purchasing huge amounts of shares to make themselves even richer!
As for Avid, the hires better be for replacing people. How can they hire more people when revenue is down 70 percent? Must be a lot of people dooing nothing. They have been hiring for years and look at the revenues! All imo.
ES has made a lot of money for his part in the deals he made for PPHM and could be argued that he profited from all the pipes that were done. In my opinion his shares were bought with house money. Still amazes that people say mgmt does not want to give away the company for cheap but yet no one other than ES is putting their money where their mouth is. You can't have it both ways. Regardless, if AVID was run correctly the burn rate would be much less and that is something they have control of and is inexcusable that they have not ramped up the business. If they can't drum up the business then they should be layed off or the people responsible fired. It is just not this year, in reality we only hit expectations for one year. Unfortunately for them they showed they have the capacity once now we know how many years have been wasted and continue to be wasted. All imo.
Its been said a million times that yes mgmt only makes money if the shares go up but they don't lose if they don't. They have been collecting their salaries and fees all along while missing milestones, making serious mistakes and then if their options are out of money they just issue more options replacing them. They have no accountability! Over eight years of salary, fees and bonuses and we still can't hire an IR and PR firm that will send out a PR without mistakes and talk to investors. All imo.
Means absolutely nothing! They are probably replacing people who left. Also, in order to justify hiring these people wouldn't revenues have to be greater than 25 million? They already did that almost a year ago with less people. Now with revenues down 70 percent you want us to believe something is going on? No need to hire anybody unless they are replacing people but then again when has this mgmt team did anything right business wise. Carlton Johnson and Paul Lytle. Enough said. All imo.
It means after knowing for months that we would issue a PR about this abstract, mgmt and IR still can't put out a PR without a typo. Really ridiculous!
Why are we also announcing a supposededly elite hiring in the same PR? Would't it be better to serve up another PR touting this hiring. Geez if we can waste PR's on attending dog and pony shows and we can't waste paying the BOD 80K a year plus, extra PR's should be thrown in! All imo.
mojojojo, This is the same BOD that didn't know they had to issue a PR that they just announced Carlton Johnson as their COB at the annual shareholders meeting.
I hope $20 but I doubt it. Kind of hard to believe $20 when mgmt and the BOD will not even purchase shares with their own money with a stock purchase plan when the stock is $2.35. Here is a thought: When this stock goes down the feeling here is that they are trying to clean house and get shares. If the stock is really going to $50 don't you think they would clean more house by running the stock to $10. Think about how many people would sell their shares. I would.
A poster here stated mgmt was a little sensitive about the criticism they were getting here. I have to laugh at that since that didn't stop them from granting themselves another round of options while we are at near 10 year lows. Carlton Johnson COB, enough said. All imo.
Is that the answer for everything? There is no excuse to still be doing business with bottom dwellers. Then again our BOD could be consider the same type of people imo. After all their record of running their pennys stock companies is not good and yet we are trusted them with what some people here are saying is a goldmine. Here is another statement from mgmt, Mary Boyd will hit the ground running! How many years ago was that?
Why would King make the statement that they would use the excess capacity to prepare for potential future commercialization? Isn' that a stupid statement?
Do you have financial statements in a 10K to back that up yet? I don't see the inventory going up.
When you say stupid statement do you mean like this is could be our year? We are in talks? Avid can support PPHM? We will not sell shelf shares at these prices? Dios has potential for 50 million? etc........
If mgmt can't find the business, then you either find someone that can or you downsize. This has a significant effect on the companies financials good and bad don't you think? Alot of people must be sitting around if the same amount of people are employed doing 75% less at AVID.
All imo.
Really, I can agree this may not be perceived as the top team and as i wrote mistakes will have been made, but certainly whit what is about to happen I wouldn't vote for a change now!
What is supposed to happen and when? We have been hearing this argument for the last 5 years at least as to why we shouldn't change the BOD now. Why wouldn't whats supposed to happen, happen even earlier with a new BOD team. The argument that it would take more time for a new hire is lame imo if that is the only argument. The only official mgmt that would affect PPHM is SK. Lytle, Pohl, ES and Johnson nothing. Again, mgmt and the BOD is closest to what is supposed to happen. Where is the scheduled stock purchase plan?
Seems like we all get to read these same long posts over and over for the last 10 years that keep saying the same things over and over and over and over. Mgmt is close, wait another six months, wait another year. Sell the stock if you don't believe. No one is disputing the science. It is the execution and if you don't believe that the business side is important than I don't know what to say. No one believes the science side should be changed, but the BOD should change. They have had their 10 years. Are we supposed to just sit back and assume mgmt is credible or do shareholders have a right for change. I guess that is why the Enron's and Sach's get away with it for so long because people have blind trust.
What negative effect would ES, Pohl and Johnson have on the company if they left? Wouldnt real professional replacements have a positive effect or a neutral at best? I say it wouldn't hurt. All imo.
Avid is due to show some rev.
Now that's funny. The one thing mgmt can control which is on the business side and they are down 70 percent in revenue from last year. Throw in that they weren't even at full capacity then imagine how much money would be saved if they could run a business. As I said before, if ES, Pohl and Johnson all disappeared the company would not even notice. I don't know what they bring to the table. All imo.
PPHM management and long share holder interests are aligned since the new options only deliver value if the pps goes up from current levels
Please give it a break. The problem is the price does nothing but go down on average over the last 10 years. Case in point, next year the stock drops to 1.00. Yes mgmt does not make money but the shareholders are now down over 50 percent. On top of that when their options expire they grant themselves more options at a lower price. They can't lose. For example next year they would grant themselves over 300,000 options for the same value. Shareholders are diluted again with no results. On top of that they also collect their salaries and BOD fees. To say that they are alligned is quite ridiculous imo as history has shown. The fact of the matter is the share price would not get hurt if they purchased shares on a scheduled plan. The fact that they refuse to do that does not bode well when we are near 10 year lows. For the last 10 years mgmt has supposedly be alligned with shareholders because they granted themselves options! LOL.
What is your explanation of no PR for the latest IST? How did the market react to the appointment of Carlton Johnson as COB? Why do we continue to sell ATM shares and not release news? (We did have real news, didn't we?) Even other posters are starting to see that at this point we should be more creative. All imo.
Yeah, you would have thought mgmt would have made sure they had the Russell that year. Remember the Dios PR. How is Dios doing anway or the China Subsidiary? More of the same from the BOD and mgmt. Inconsistent PR's, one minute they PR IST's, one minute they don't , one minute they PR hires, one minute they don't. They only thing they keep doing consistently is granting themselves options. It doesn't matter if the price goes up because there is always next year and they collect another year of salary for having 75 percent less revenue from AVID. Must be another shakedown coming! LOL! 142,000 options mind you is equivilent to 710,000 options before the split. This is quite a ridiculous amount of options for what they have accomplished to date. All these options granted and yet they still will not throw their own money in the pot. If they are still selling Shelf Shares as they have to why in the world didn't they PR the IST? Maybe the people who actually get an answer from IR can explain? All imo.
The problem I have is that posters are stating here that mgmt and the BOD know what they have and are not going to settle cheap. It has been stated it could be worth 1.5 Billion in market cap. The problem with that logic again is if mgmt and the BOD actually believe that then why in the world arent't they buying all the shares they can get their hands on be it market shares or a stock plan? Wouldn't that speed up the process, get them more money now and make it a safer bet to succeed? Why in the world sell ATM shares at lower prices. We have a supposedly money maker dealer in ES and he can't find someone to support PPHM? We may well one day have that market cap but I have had a problem with the business side for a long time. There are too many creative ways to raise money than the way we are doing it especially if we have the goods. There have been too many mistakes that we have paid dearly for. I really don't see what anybody on the BOD besides SK brings to the table. The could all disappear tomorrow and imo have no negative affect on the operations of PPHM. All imo.
"every professional in this business knows exactly who and what Peregrine is"
Do you have any proof of this all is it just your opinion?
It is quite simple. Mgmt can do two things to improve the share price that is in their hands.
They can get AVID running to full capacity and they could send a strong message to the investment community that they believe in their own company and have the goods by participating in a scheduled stock buy program. It doesn't even have to be for huge amounts. AS RRdog has stated it is time for mgmt to step up to the plate. The appointment of Carlton Johnson speaks volumes about the BOD's objectives and motives. The share price could be no worse than what it is with any other COB and a higher stock price means less dilution. Thats if you actually care about it. All imo.
Again, they could just be replacing people who left. Once again mgmt shows their shady side. I bet we see a PR on Monday about the new IST trial. Why didn't they release the news on the 11th? Are they protecting their friends who might have had 2.50 calls or puts? It just never ends. All imo.
Our mgmt team has a facility AVID that could put a big stopgap in our dilution if run properly. The question is why hasn't it and why this has been going on for years. We already seen we could do 24 million in revenues a year. Eight million is not acceptable. All imo.
Please, nobody is "denigrating" anybody. You have your right to an opinion as well as others. If you feel you can wait another 12 months then after another 12 months say you are waiting for another 12 months and so on and so on that is ok. IMO,after eight years of another 12 months, a change in mgmt and BOD besides SK would not hurt this company one bit. The blunders this mgmt team has made on the business side has been amateurish and it doesn't seem they have learned from their past mistakes. The appointment of our latest COB says it all. There is no hiding from that. All imo.
What you are failing to grasped is what I and others such as RRdog have stated is that the process could be put into overdrive with a respected BOD and a respected investment banker. Doing ATM sales and Carlton Johnson are not going to get the job done. Nobody is arguing the Science side (thank Goodness) but if this company was running correctly on the business side the company would not be where it is today which is despite the advance in Science the share price is near 8 year lows. Most of that is due to the blunders of this same mgmt team and the reluctance to put business people in charge of the business side. AVID's numbers are a joke plain and simple. Do you really think this company would suffer at all if Lytle, Pohl and Johnson were replaced? If not, why not make a change? It can't hurt. All imo.
Yes, dollar cost averaging1 Good thing shareholders dollar cost averaged in Citicorp, Enron and Goldman Sachs. Mgmt and the BOD are never responsible. Again, just remember this team picked Carlton Johnson as COB out of everyone. Clearly their agenda is not shareholder friendly or imo even to bring the product to the market the quickest way possible. I am hoping that DART and others will finally force thier way on the board during the next proxy.
What about the people who bought at $3.80 last year?
You should care what the price is today! The lower the price the more dilution, the higher the price less dilution. I guess maximaizing your money doesn't matter. I hope you didn't say the same thing 12 months ago! LOL! Lets hope we don't go lower in another 12 to 18 months.
Are people finally coming around and agreeing to what certain posters have been saying all along that mgmt must stop this ridiculous financing machine, get AVID going and upgrade the BOD?
Again, I imagine are price could not be lower than what it is if the BOD named someone other than Carlton Johnson as COB unless they named someone else currently on the board.
Proof or more wishful thinking? You also thought there would be no pipe at one time and you were touting a deal a long long time ago. I believe the disatrous 75 cent pipe then took place. Of course only the old timers would know this! All imo.
Geo, I hope SK is telling the truth but for the last two quarters he stated they were stockpiling or words to that effect but in reality I would believe they would have to show these numbers in inventory and if they are the numbers don't suggest huge stockpiling or definitely not up to the capacity AVID can produce. All imo.
IMHO Peregrine would not be hiring unless they know what is coming up.
It is that simple!
Please, lets get real! The hiring listing means nothing unless you know if they are replacing people who quit or hiring real qualified workers. For the last year we have been getting these postings of new hires all the while revenues have dropped 70% and losses are mounting. You would think logic would be that mgmt would not hire if things were great but you have to remember you are talking about PPHM mgmt. The mgmt that apppointed Carlton Johnson as COB when anybody else would have been a better choice. It is quite simple that we have had an AVID facility for the last several years that is not running to full capacity when every bit of revenue helps yet mgmt can't seem to drum up business. Until you have real facts that these listing mean something than the only thing that matters are the real financials and the real losses. FWIW for the last several years this company has never had enough money but all they have to do is dilute as they have beeen doing. We can only hope that this is different that all past years. All imo.
So I'm not so sure that your statement regarding insider buying is that relevant - as they all have substantial options in place and will do quite well when this little company finally launches.
Yeah, But they would do better if they purchased more shares with their own money and they would send a clear signal that they believe in their own company, the company's stock would go up, dilution would be less etc....... Funny how when mgmt gets questioned, a lot of old timers come out to support them. To date over the last eight years mgmt imo have done nothing to deserve that support. Really very simple, a statement by our COB and BOD with a stock purchase plan could do no harm. Why just rely on freebies from shareholders that expire worthless and then replenished later on. No accountability and nothing at risk. They are still collecting their salaries, fees and options regardless of progress and mistakes. Hopefully we will see more 13g's as that would definitely get mgmt shaking even more.
Enough with trying to get shareholders to buy more. How about putting your efforts to getting mgmt and the BOD to race out and buy more! Lets see our COB Carlton step up to the plate. They indeed know the true value don't they? All imo.
Market down .6% PPHM 9%. Thats 15x worse than the market. Nice try though. Looks like the forecasted data is not exciting the market. $2.13 cents, near 8 year lows. Always 4 to 12 months later. When is the time now?
I have said for years that AVID is one thing mgmt can control yet they are failing miserably. Every disappointing quarter means huge dilution to shareholders. There is simply no excuse to be expanding yet be in a 70% downturn. If it wasn't for mgmt's past performance I would say that something has to be in the works because of the expansion. The sad part is that reality could be that mgmt just expanded without the business. Their track record on the business side speaks for itself. Instead of putting Carlton in charge, a real businessman needs to and should have been in charge of this company. SK can stay for the science side but this company needs a makeover on the business side. How many years have we heard from mgmt's supporters that we can't change the team because it might ruin the talks? Who on this team besides SK is doing anything? How long do we have to have deadlines pushed out? Yeah, I know another 12 months should tell us. I thought I heard that 12 months ago. All imo.
Mgmt may just be flat out lying who knows. It is the same thing as saying AVID's numbers are low due to timing of the quarter. It has been three quarters now come on. Stockpiling? Show us the proof. They have been stockpiling for at least two quarters now. Where is the inventory? As Thurly pointed out, last CC mgmt was pretty confident about doing some work with the government. We continue to be told we are in talks, yet everybody else is making deals. Doctors drop off into the sunset without word, Garnick hasn't been heard of in 9 months. Carlton hasn't been heard from since mgmt was startled to hear they had to send a PR for naming him as COB. No update on our China Subsidiary or how about Medipharm. The good news is we have't trashed under 2 yet but we will see how the week goes. All imo.
They are not supposed to make a profit? What a ridiculous statement! They have a manufacturing facility that is capable of producing more than 28 million in revenues a year! Not having that run a full capacity is bad business and to just say they are not suppose to make money is comical! No wonder this BOD thinks they can do whatever they want. They have 139 employees with revenues down 70% for the year. What is mgmt doing to control costs? All imo.