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A what if scenario:
What would prevent a group( such as us shareholders ) of offering 1.5 million ( I believe they are proposing to sell for 1.1 million).
Would the courts force them to accept a higher bid?
Does the trustee have to sign off on any transfers before they happen?
An injunction sounds like the right move to me, hopefully if information like this can be presented to the judge it will only enlighten him even more. Like most have said, I don't think he doesn't know what is going on, however when money is involved(and Apple has billions) who can you trust.
Hmmm,
12K in volume again premarket 2 days in a row, maybe that 1.12 is boding well.
Damn no Friday PR!!
What do you think of CANT buying up those shares at .41? I think I would call that chasing from .38 don't you.
Getting interesting, I think its time, I bet Friday will be pretty interesting as well, should be a lot of scrambling.
Funny,
I've watched cant move up from .38 to now .41, weird isn't it. LOL,
looks like somebody wants shares
Oops they may have heard us!! Gone now
Here's a question, really not that familiar with the shorting game, but let's assume there is a bunch of people who stared shorting this say around .48 or .50. Do they have a certain number of days to stay in or need to close their position?
I thought I saw that on an short interest list under days to cover, could be wrong though.
If so, this non movement of the stock, must be making a lot of shorts panic, and especially with what next week may bring. I wouldn't want to get caught with my shorts down.
Who flinches first today. Come on lets move the needle North
Had the same problem this morning when trying to pick some up at .33, when it was .325, and it happened more than once.
I say this afternoon we get a nice rebound.
I hope we are not changing your slogan to "everything and anything under a buck".
Why hello there Mr. Green
Comical isn't it. 92's were a steal
IBB may be down, so may PPHM, but there are a couple holding their own.
AVXL and TPIV both green!!. Anyone for a link for me to research that Biotech companies/ Phase III/ market cap
Love it , herd insanity mentality. Either we can cry about the share price, or laugh about it and jump all in. Most of us longs have been told we are either sick or delusional for being in this stock for so long, so what the hell. My motto has been
Hero or Goat.
Goat has been winning for a while now
That greed thing will get you all the time, I am sure many of us are kicking ourselves for at least not taking our own money off the table back in 2012. PPHM is certainly not for the faint of heart, and one thing I have learned over the past few years especially with this is not to be totally invested with my heart. I was lucky enough to take a decent chunk off a while back as I anticipated some sideways ( obviously wrong there) momentum and grabbed a large chunk of GTATQ in the low teens, a nice 5 bagger, so now I have a little more PPHM play money.
Not sure if those .92's are as low as it goes today, but I am still anticipating some PR news before SH meeting, so think it is a pretty safe entry point again, although I picked up a few on Friday at 1.04 and 1.02 as well.
Lets see how this pans out.
Time for the V
LOL, PPHM is like crack, no matter how much I can bitch, had to pick up another 10K at .922
I am sick, help me, lol
Does anyone have a link or a spot that someone can research biotech companies with market caps and drugs in Phase III. It would be much appreciated.
As difficult to grasp as that is, you are right on point about the valuation of the company at this point. I have always felt that Avid alone would justify any risk with this company, but with AVID and the cash equaling the market cap, it is still abundantly clear that management obviously has a disconnect out there.
I would like to have someone point out another biotech months from full enrollment in a Phase III with fast track designation, and overall safety in numerous of prior trials with no debt that is valued at 0.00, since I am sure that most if not all biotech startups do not own their own manufacturing facility. A list of them would make for great comparisons.
Oh did I mention we own all the patents in hottest technology in Cancer.
Hasn't made sense, continues to not make sense, so the question is does someone take responsibility for this, or do we continue to say conspiracy theories???
IBB index down again today over 3%, most bio's down and have been for the past week, since the Hillary tweet.
update: actually almost 5% now
Dip and rip or juke and puke.
Can you say criminal
Well at least we all hope its fun fun. I hope we are all laughing to the bank after this ride. ANd hopefully the 4th blood moon on the 28th doesn't affect us, lol.
I See IBB down -17. about 5%, so PPHM right in line, most of the others I watch are down as well, except TPIV holding its own. Frustrating for sure
Looks like a battle at 1.01 and 1.02 for now, 30,000 bid and ask on both sides, lets hope we can stay above a buck, and maybe the news flows start next week.
Where is the PR on Avid fully up and running?
61000 at 1.01 and 43000 at 1.02
I couldn't resist either after seeing the bid and ask at 1.03-1.04, picked up another 10K at 1.04. When will I ever learn.
Let the games begin
Interesting that we are supposedly on the verge of some potentially big announcements, partnerships and also on the verge of our phase iii trial to be fully enrolled. You would thing that anybody would have to be out of their mind to short this, but as usual since July the short interest has continued to increase, the price has lost almost25% in share price.
Never ceases to amaze me what a coincidence that someone always has the play book, makes you wonder who is in the know here.
CP,
Of course it would change if the share price was at 5-10 per share. It is the managements and BOD job to drive shareholder value. Isn't that the way most companies are run, I mean they are actually paid to drive up value.
Obviously, we do not see shareholder value at 1.08. We can assume it will be higher based upon things to come, but at the present time the share price does not reflect what I, and hopefully you as well believe what the actual shareholder value is.
Just my opinion, but seems pretty obvious we are criticizing management for the share price being where it is. I know for sure in my mind, I would have no complaints at all if the share price was at 5-10 a share, it will tell me management is doing exactly what I thought they should be doing with the technology we have, the patents we own, the collaborations that are ongoing, the trials as advanced as they are, the state of the art manufacturing facility and most importantly the perception of wall street. I Quite frankly if the price was at 5-10 a share it would actually mean management has convinced some of the Big Pharm's that they better move quick.
At the moment they haven't even convinced the average retailer.
Two questions:
1)When are options awarded for these bloodsuckers
2)When would be the effective date of the 175 million they want
One comment: I have diverted a portion of my holdings in PPHM for a stake in TPIV ( owned 50% by Dart ) . Nice to see a biotech company up.
RRog,
Very well stated and broken down for the average layman. Apparently there are a number of ways to raise cash, I wonder if management has actually considered them all. I believe that most of us are concerned about what management could do with these shares if this is approved now. They would have nothing to keep them in check, not to mention how Wall Street would take a 175 million share approval. If we are unhappy about 1.10, what happens if 175 million are approved and no news for a while, could get ugly, real ugly.
You have also hit on a touchy subject, which is of course how management continues to have no tact when it comes to the actual owners of this company ( yes that would be us retails). To ask for 175 million shares, and to change the classification of the vote to "non routine" to "routine" without an explanation or letter to shareholders is beyond comprehension, not to mention there is not even a full agreement with the board. This further emphasizes this BOD's mindset that they can do what they want, when they want, and how they want without answering or being accountable to anyone. There are no checks and balances here.
As usual another PPHM shareholder in the dark.
Wow,
I was actually thinking of selling a few this morning at 1.13,and buying up a few more TPIV ( which Dart is heavily, heavily invested into) I was almost embarrassed thinking it would still drop any lower.
Have to agree with some of the posters here, definitely a misconnect with wall street here.
I don't think I can even say anything else, besides Wow. Mind blowing at 1.08, actually management should be embarrassed.
Getting ready to bust out here again, liking the volume too, if it takes off volume could really pick up.
Most sites, show 52 week low of the year was 1.00, but I only see 1.09 on the charts? Was that an intraday somewhere.
I am sure clay trader will be here later to give us an update, but maybe xena can as well.
Maybe convenient that they can play good cop/ bad cop!!
Wall street and the rest of us must be sitting back and waiting for management's letter and explanation that is forthcoming to explain the need of the 175 million shares, wink. Everyone is on edge.
175 million shares, plus what we already have on the shelf seems like an awful lot of money to run some Phase I's, and possibly Phase II's where the drugs are supplied, especially with Avid about to ramp up as well and double the income from that.
And all of this needed for supposedly a little more than one year?
Sorry, just not buying that. Heck in may take them months to just put protocals in place just to start any trial.
Something is up!!