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Meanwhile, please return to the harping on Peregrine's imperfections. We longs enjoy nothing more than the same old harping.
Oh I forgot. Only the true longs are content with letting mgmt get away with all of their mistakes and enjoy the status quo of no deals, farce PR's, dilution, appointing a nobody COB etc...........
Maybe, just maybe if enough people outed mgmt and the BOD we could fix the business side of this operation and all longs would be happy. There is hopefully nothing wrong with the science but that is not good enough. Thank God there are people that just don't assume that everybody is doing what is best for the company. After ten years of the same crap it is time to do something about it. If you can't see the appointment of Carlton Johnson as the last straw than I guess there is nothing the BOD can do that would make you unhappy.
Geron has a partnership with GE.
Yeah but we have a partnership with Dios and Stason and we have an office in China. These must be real deals and worth something since we did PR them.
Get rid of our BOD and Chairman, and our stock will be $10 instantly, IMHO
You think! I sure think it would be much higher than our price now. Unfortunateley ES doesn't think so.
We had the chance to at least see if that theory held water but our BOD doesn't want a higher price. You see how much they really believe in our science by their silence and putting their own money into the company.
Carlton Johnson. I am still waiting on our mgmt supporters to give a reason for this selection. Data coming out on Monday. Stock not going up in anticipation. Then again, even if data good, history has shown with no money no stock appreciation. Mgmt just doesn't seem to grasp that idea. All imo.
Probably hiding out in the same place where the people who said mgmt or the BOD can't buy stock because they know info. Let's see one BOD member just bought shares right when we are supposed to release news at a conference next week. How is this possible if the mgmt supporters knew what they were talking about?
Nice to see though that our resident funding expert is continuing to go all in and average down with a whopping 10K shares! Where is our COB? Perhaps the 10K in shares is ES's cut from the ATM. Who knows stranger things have happened. All imo.
Yep. Double licensing and more mgmt mistakes. So what do we do. We promote the lawyer involved to COB! We don't need biotech and mgmt executives on this board. They might find more mistakes. Two years lost and more dilution but who is counting. Mgmt doesn't have their money where their mouth is.
Lets see for 10 years now our COB and the rest of the board collected about $80K a year. That is over $800,000 each. If you throw in SK's salary for 10 years and I can see why he went all in and purchased those huge amounts of shares at this low price! Oh I forgot, all the pro mgmt supporters have stated they could'nt buy shares. The real shareholders knew otherwise. How about Johnson making a bold statement and purchase a huge chunk of shares? All imo.
Looks like we chose the wrong doctor. Don't worry I'm sure our BOD with all our lawyers and biotech experience chose the right path. I'm sure our BOD has been very forthright and honest with all the information released to shareholders about the lost lawsuit. Maybe our new COB could enlighten us since he was on board with the settlement.
So mgmt and the BOD seem it necessary to PR farce deals such as Dios and Statson but do not release a PR stating we have the potential to receive money from medibiotech? Remember we did a PR with Dios describing a potential deal of 50 million. Here we have a company projecting real net earnings but our mgmt deems fit not to say anything. I guess we do not need to see our price go up while we are selling ATM shares. Perhaps the real truth is we will never see a dime from Medibiotech. I wouldn't past anything from this BOD as they have screwed up so many times in the past and swept it under the blanket. Hell IR will not even answer a simple question about Medi's claims. What are they hiding? Shareholders deserve answers to public statements.
All imo.
Bungler, I have never stated that the science is the problem. The business side is the problem and has been for the last six years.
For starters get rid of ES, Pohl, and Johnson as they bring nothing to the table for PPHM. How about putting people on the board who actually know how to run a company?
Why isn't there a push to increase AVID to the max. We have a facility that could greatly reduce our expenses. Every effort should be made to ensure AVID is running to the max each and every quarter.
Let's be honest. Whatever, mgmt has done on the business side isn't working. How about some change? Again, why do we need two penny stock lawyers who are friends on the board. They obviously can't run a company.
We are paying a penny stock lawyer a COB salary with options to go along with it. There has to be a more qualified person.
All imo.
Amazingly quiet on this board and with this stock. I guess the announcement of our penny stock COB even killed the enthusiasm of our staunch mgmt supporters.
A Stock with life changing science, a manufacturing facility that could be profitable and all we could hire is someone with ties to a penny stock and our penny stock board of Directors. This BOD knows so well how to run a company that they didn't even know they had to PR a new COB.
Game changing data announced on Monday and over a 20 percent decline since and sitting near lifetime lows. All this time with the same mgmt team. Real professionals should be so lucky. We are so behind on milestones published that bonuses shouldn't even be an issue. Every day wasted is more dilution but mgmt still gets paid and still gets granted new options every year. No risk or skin off their back.
All imo.
even better! We have lawyers on our BOD and on retainer yet we still have to hire outside lawyers to lose our case!
Still waiting for all the positives about this selection. Funny reading that now we need someone to be in this position to make a deal when for the last year we were saying it wasn't being filled so we can make a deal. People just can't seem to make up their mind.
Let's see we had momentum moving above $2 a share. We had a chance to wow Wall Street at that time with a real COB to go along with great data. Instead we secretley announce our COB at a shareholder's meeting not even knowing they had to PR this announcement. This means people at the shareholder meeting had knowledge of a material event before anybody in the outside world broadcast by mgmt itself. What a bunch of fools!
Why doesn't ES just man up and become the COB instead of this charade of Johnson. At least the charade would be over. Just when I thought this BOD couldn't be more incompetent they fool me again.
I asked before if anyone can justify any reason for appointing Johnson. If anything his appointment actually is worse than having any COB.
Like Geo said you would think there has to be something else to this because it just doesn't make sense. You keep saying there has to be a reason because they can't be that stupid but then all you have to do is think back at their record. Still Mindboggling.
A lawyer who was involved in losing China is now our COB! What a country.
Mgmt waited over a year to annouce a lawyer who lost our China case against Epstein as COB? This is an absolute embarrassmet. They would have been better off leaving the position open and have the pumpers on this board speculate what BP would fill the seat. What could Johnson possibly bring to the table for PPHM that he couldn't do from his old undeserved position? This company always finds ways to surprise its own shareholders in a negative way. Hell mgmt didn't even think it was such a positive to announce while the stock was riding on Monday. Can you imagine what wonders it would have done if mgmt announced a real COB on Monday when the stock was soaring above 2? Does this mgmt team care at all about its shareholders and stock price? If the price of shares goes up the company raises more money and the science progresses faster. It looks like mgmt just doesn't care.
Can anyone besides ES bring any positives to this scenario?
All imo.
You mean like constantly posting on this board that PPHM stock is being manipulated and in talks for the last 8 years.
CJ, Since you always have posts handy or any of our other astute MBA's out there, can you post AVID's profit numbers? This should help alleviate anybody being careless with the "facts".
I worked for a company that had three subsidiaries and we posted our financial results for all three comapnies but then again our three subsidiaries made money.
Yes it is tiring. Can you post the net profits from Avid for those same years? The question still remains why AVID is not running at full capacity when we are burning money? I look forward to seeing the profit chart.
Yes you should take the time to read the financials of the whole company.
What's your point? It is still not enough and it still isn't at full capacity. Look at the time wasted FY04 thru FY08.
Revenues do not matter anyway. Profits matter. You could sell 100 million dollars worth of goods but if it costs you 200 million to make it.......
Please, The company has had eight years to get AVID up and running and they still haven't done so. All this while the company burns money and yet the CFO stated it has had the capacity since then. Somebody should be held accountable for eight years of fiscal ruin.
You're kidding right? You are getting excited about the stock rising to $1.45. With your logic Bavi can't be too great if it went from $4.70 to $1.25 and is now only at $1.45. Bavi can't be too great if the government only commits 2.4 million to PPHM. When and if it gets over $5 which is still only $1 pre split it might be time to get excited.
djohn, So rather than reply to the marginal at best PR's that mgmt has made for licensing in the last 8 years and rather than responding why our CFO publicly stated years ago that AVID has the capacity to support PPHM but yet mgmt does not seem it necessary to do so and can't do it or rather than replying why ES and our BOD can't get one favorable financing deal or rather than replying why our BOD will not fill our vacated COB position, you respond it doesn't matter buy low sell high. I guess that is why mgmt can be so inept.
Long, you just don't get it. No matter how good the science is if it never gets done it doesn't matter. Look at the snails pace we are moving at. Every delay causes the shareholder to be diluted. This mgmt team and the BOD is ridiculous at best.
Why hasn't AVID been ramped up for the last eight years to support PPHM? Paul Lytle stated several years ago that AVID could support PPHM by itself. If true, why hasn't this been pursued?
We have a finance expert supposedly in ES but yet we can't get any favorable financing. Why? You mean to tell me with the knowledge that ES has about our company he can't get one of his colleagues to invest in PPHM? Come on now!
Why has PPHM PR'd Dios and Statson as their only deals? Is that the best this team can do in eight years? Come on!
Why did PPHM PR their China Subsidiary? What is the deal with that? Come on!
Why did mgmt do a pipe right before the Russell several years ago and then follow it with a shelf sale this year? These guys can't even learn from their own mistakes. Come on!
Why doesn't mgmt and the BOD announce a real COB with Business power? We are selling shelf shares at 1.40 for christ sake. Come on! If you don't think a real COB will help the stock price than your dumber than the BOD in my opinion.
This has gone on long enough. If you like the science than you can keep SK but everybody else has done a crappy job in the last eight years. What have they done?
Everybody here liked to listen to KT, Slipper, Goat, EZ, BOT, Jazz, where are they now? Maybe mgmt told them to hang low, I don't know. The one guy who try to change something (TYP) got chase out of town. It sure seems he was right. I don't care if this stock is $100 5 years from now, there is no way this stock should be $1.35 now. The only reason imo is bad and/or inept mgmt on the business side of this company and to anybody who says it doesn't matter than you need to take business 101.
Always say that! Where LOL! Maybe you have me confused with KT backing mgmt at every misstep. Did you already forget the great pipe days? Yeah not having a COB really works in shareholder's favor.
Long, the nasty drop was from $4 to where we are now. ES's friends always know ahead of time what's up. Lot's of players off today. I will be surprise without news Monday if we don't see a drop.
I just don't get up. Avid has the capability to support PPHM by mgmt's own words but yet they still haven't been able to do it.
BTW, Does anybody know if the new jobs being filled are new positions or just to replace key people who have bailed? Without knowing, new hiring doesn't mean much.
LOL!! I guess you are the only one who can read the transcript carefully! Price at $1.41 tells it all. Where are all the trial updates and milestones posted from the Feb roadshow. We are now heading into Q4 calander year for anyone grading mgmt and achieving their milestones.
Kt You wrote "Finally, consider that PPHM will likely not have major, new trial results information to share until 2011 or Government trial money grants until after the start of the next US Government Fiscal Year (October +/-). "
What do you mean? Look at these milestones we were suppose to have already? Did mgmt miss their own milestones again? Why no mention of it?
http://stockfacts.info/milestones.htm
Regards!
Sir Golf - good objective post instead of the usual sell the stock if you don't like it. For me, there is no reason you can't have both a high stock price now and later. Mgmt and the BOD have made mistakes that have set this company back in my opinion. I was told why the company didn't want a COB from previous IR. The answer was idiotic, hypocritical and not what is stated in the proxy. If you don't believe that the science would move faster with a higher stock price then I can't change your mind. Regards.
djohn, The BOD and mgmt can change the direction and the fortunes of this company in one second if they really wanted to. Again, all it takes is an announcement of a qualified and real COB not one of ES's cronies. There is absolutely no harm that can be done in doing so and by not doing so mgmt is showing no matter what Mr. King says that they are not interested in accelerating their drug pipeline or making their company successful. Just think if the stock price was higher or if PPHM was sold how much faster the trials could be started and finished and how many more trials could be done. Instead they insult shareholders and make the pro mgmt supporters look even more dumber by saying the company is better off without a COB. (How has it gone so far without one?) Seven years and counting and not one person has been replaced on the board given all the mistakes they have made. Really criminal imo.
Didn't mgmt already try that with the Dios PR and the China Subsidiary PR? All imo
djohn, You do realize you can achieve both? EOM
Geo, Typ had several proposals that he would have liked to submitted but you are only allowed to submit one per person.
He also tried to start a website to facillatate change at PPHM.
Our great mgmt team and BOD however put a damper on it by threatening legal action. Yes this is what we pay our mgmt team for. To suppress the shareholder.
As far as executing their business plan, you really have to be naive to say they are executing it.
Yes they are marching forward but at a snails pace. Every missed deadline and mistake causes money to come out of the shareholders pocket not theirs.
How are they executing on their most recent projections from their last presentation?
Their business plan calls for increasing sharholder value. How is that been executed in the last couple of years?
How are they executing licensing out our technology?
How is their RS plan coming along? Mind you the reason we had a RS was to try to get over $1 per share. Yes people that means $5 per share after the RS. We are at 1.35. Yet I am sure everybody will be praising mgmt if we ever get back to $3. Mgmt should not be collection bonuses until we get back to $5!!!! All imo.
Typ tried to facillatate what you were just asking last year or the prior year and was roundly ridiculed by the pro mgmt posters on this board. I also agree that the proxy statement is a positive for a shareholder to build some legal action.
How does mgmt have the nerve to call this BOD independent when they are all or were members of the same BOD of other comapanies that ES runs? How are shareholders more better off with this independence? Who gives them the right once again to decide for the majority of shareholders if we need a COB or not?
Are the shareholders better off that PPHM had to go to court with Epstein? How did that pan out?
Are the shareholders better off because of the China subsidiary that was set up? Where is the update?
Are the shareholders better off because we have a board made up of off shore financiers with great savvy business? LOL!! Where is the progress of we are in talks for the last seven years?
Yes this board has really served shareholders to date all the while receiving an outrageous compensation package for what they have delivered. The only thing significant they have delivered is a lower stock price.
The sad part is that the only valid responses you get is that you should sell if you don't like it. Real intelligent.
All imo.
It would be better to checkout an appointed COB rather than a website!
How can you take PPHM corporate governance policy seriously when it still hasn't appointed a COB for close to two years?
Corporate governance
A Chairman is selected by a company's board to lead the board of directors, preside over meetings, and lead the board to consensus from the disparate points of view of its members. The chairman is the presiding director over the other directors on the board and is expected to be fair, a good listener, and a good communicator. [14]
In public companies, the role of the chairman of the board is distinct from that of the company's CEO or managing director.[15] This point has more recently been brought into focus after corporate governance shortcomings were observed in companies where the two roles are combined. It is believed that the separation of functions within the board of directors or in the structure of the supervisory board and management board would facilitate control over the workings of the company and increase the accountability of the CEO or chairman of the management board. [16]
In an attempt to inject transparency into the relationship between executive management and the board of directors as well as between management and the market or shareholders, the UK Cadbury Report was published in 1992. Its recommendations have been adopted to a greater or lesser extent by some countries within the European Union and the United States, as well as by the World Bank.
[edit] Chairman of the Board types
In the case of companies and similarly-organized bodies, there are generally two types of chairmen, non-executive and executive.
[edit] Non-executive
A non-executive Chairman of the Board is and does the following:[17]
A part-time officeholder who sits on and chairs the main board of a company.
Provides support and advice to a CEO.
This position usually entails fulfilling a similar function on a number of additional board committees, as well as being a political figurehead of the Company.
[edit] Executive
An executive Chairman of the Board is and does the following:[18]
A full-time officeholder who typically leads the board and also takes a hands-on role in the company's day-to-day management.
Helps the CEO to oversee all the operational aspects involved in running the company, which include project planning and development delivery, retail and leasing, sales, market research and many other areas within their extensive scope.
Has overall responsibility for the company which involves engineering and controlling the company's current growth in and future expansion into international markets.
In addition, oversees all projects' development activities and related businesses of the company, with the intention of generating financial returns for the shareholders and driving sustainable development.
The chairman often sets the style of leadership of the board which in turn filters down through the organization.
Okay so the going concern clause can be debated. How do you explain not filling the COB position for two years now and constantly missing their own deadlines that they present as slides at investor conferences?
Do you not agree that the proper hiring in this position can solve a lot of PPHM problems? Don't you agree that PPHM perhaps can have a perception problem about their mgmt and BOD background. We have a BOD running our company that our involved in some shady companies in my opinion. Where do they find the time to work for PPHM and receive their compensation?
The problem is not what has changed the problem is what hasn't changed!
Mgmt still can't meet its own deadlines that they announced at a conference and this isn't the first time. I think we can all say honestly we are past mid summer. Where are the updates?
The major thing that hasn't changed is mgmt and the BOD! How do you not appoint a new COB on the proxy for the second straight year! Do you know or any other company that operates like this?
Again, Do you think we would have funding issues if we appointed Dr. Garnick as COB? What possible excuse can mgmt come up for two years without a COB? It can't be performance.
I know of know other company that has kept the same CEO, CFO and BOD for over seven years with a major price decline over that long of a span. The mistakes this BOD has made are colossal and were preventable. The last major mistake was not getting rid of the going concern clause. How can you sell ATM shares and yet not get rid of the clause?
Long Time frustrated PPHM Holder. It is ridiculous that PPHM even has an IR department since they selectively answer their emails.
The real shame in all of this is that Mgmt and the BOD could resolve our funding issues and stock price in a second if they really wanted to.
All they have to do is annouce Dr. Garnick as the chairmen of the Board. Very simple. Mgmt actions speak loud and clear.
All imo.