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Perhaps I am losing my mind.
Wasn't the battle cry dejure' all about AVID profitability based on the burgeoning growth of our well managed gem.
It was a very nice countdown carrot until it magically vanished.
Can anyone add any color around the $2m AVID write-off?
Did that recently occur?
Just one minute...
Are you accusing Steve-okio of telling yet another "whopper" on July 21st?
Isn't it beautiful when you can produce quoted material to back your assertions...instead of Hype, Hearsay and Horsesh*t.
Thanks for keeping it real and setting the record straight for all to see.
These guys are in a league of their own.
It is ok.
Steven is now in the process of preparing for a KING sized reduction in his standard of living after he gets booted.
Same goes for Lytle.
It will be a beautiful day.
+++ king and bod need to slash salaries too.
IF all goes according to plan after the vote, there salaries will no longer be a part of the equation...if you know what I mean.
If these jerks had any foresight, this would have been announced the day after Sunrise stoppage, along with massive BOD compensation reductions in salary.
This announcement is merely management rearranging the deck chairs on their sinking titanic in a half baked attempt to show fiscal responsibility.
It won't work. Nice try though. Amateur behavior.
Bring in the A team.
Oh look everyone.
PPHM Management finally found religion now.
HOW CONVENIENT.
Scumbags.
Ok....one more time
1) Wall Street HATES uncertainty...perceived or real
2) Ronin isn't going to lift a finger until after the vote to support the share price
3) The Ronin group is more than content to have the "Pain-O-Meter" on full throttle going into the vote to convince the stubborn stragglers.
4) North Korea is on the brink of getting blown to smithereens...taking with it the Capital of South Korea and 1 -2 percent of global GDP....thus throwing the global economy into a recession in the event both sides don't stand down.
5) Small cap speculative stocks without earnings get stomped in this type of environment.
The market hates Ronin is 420 talk.
+++Does the market not like the Ronin statements and nominees?
Actually the market despises uncertainty and the remote chance of the current clown brigade somehow remaining in power would be my guess.
Ronin isn't about to support this until after the vote now, even if their investment is getting temporarily clobbered.
Add to the above that SE Asia is on the brink of going to blows and this is how a speculative stock reacts with said set of circumstances.
Don't you worry one bit Javier, word has it Team King is about to throw down some serious jack to support their company and share price....wait for it.
The upside from here to Kings "Astronomical" proclamation makes this block purchase for them as easy as taking candy from a baby.
Winning hearts and minds one shareholder at a time.
Vin...
That accurate picture you just painted deserves a nice frame to go up on the wall!!!!!
You just opened the hatch and let the truth bombs drop.
Bravo.
+++The answer I give is that the science has not been validated.
Let's hope that the pre-clinical I/O results are enough to spur interest in more than one outfit so that Team Ronin can orchestrate a good deal to finally get this show on the road. I believe, like many others, that the concept has been "validated" enough to be included in the I/O combo space. Perhaps that is not the case. We will soon find out after we have a management team in place that is willing to hand over the development for a reasonable price tag...if there is any interest.
This limp along crap has been a disaster. We are stuck in virtual neutral now. We simply don't have the resources to move the concept forward.
These fools have wasted more than enough time. It has gotten downright embarrassing now.....and they still have no plan.
Thorpe's idea deserves better, whether it is the next generation PS or Bavi itself.
Wook...after over a decade, the market currently values the PS technology at something approaching zero.
I trust that bugs the crap out of you as it does me.
Now, what is the common denominator that affords wall street the ability to come to that valuation?
This is an underhand softball pitch. Knock it out of the park.
"Something" is seriously wrong with this equation.
It is way past time this atrocity is corrected.
Love the science and potential.
Despise management, the dishonesty, incompetence and corruption.
My position has been crystal clear for way over a decade now.
+++Not so bad that I close my eyes with glee.
Then open your eyes and take a look at team Ronin's resume vs "The Three Stooges".
This is easy stuff man.
Expect significant improvement on all fronts after the human lamprey's are voted out.
We still have a decent chance of success amongst the carnage. Jake's $600m- $800m market cap estimate in the near-term isn't far fetched at all.
It will be much more settling staring at that everyday then this management created nightmare market cap.
The well documented track record of endless failures and blunders speaks volumes when presented in its entirety...sad part is that my list was less than complete.
In the meantime...nothing but truth bombs from my side.
Hopefully everyone will figure out the best path forward isn't more of the same before the vote so we can let the horse finally run...minus the 450 lb jockey.
Get the technology in stronger hands or watch it die on the vine or get screwed up like:
TNT
COTARA
THE NEXT AVASTIN
BIOSIMILARS
IMAGING
And now
EXOSOMES
PS Tech /Bavi, Beta bodies, Teletubbie's
WE ARE OUT OF TIME. THE SLOW PLAYING NEEDS TO CONCLUDE OR THE CURRENT SHAREHOLDERS ARE DONE FOR.
Honesty unfortunately takes a backseat more times than not.
A prudent, measured go foward plan that makes business sense is scoffed at.
King is married to Bavi and was more than willing to just keep gambling with everyone else's money in hopes his invention would somehow pan out on his watch.
That concept just went up in smoke with the arrival of the Ronin group.
The technology will get a chance to advance on its own preclinical i/o merit...minus King at the helm.
Ah yes...the better Avastin.
Prospects flushed down the toilet via shear incompetence.
Almost forgot about that enormous blunder.
So many, you virtually lose track.
The vote can't get here soon enough.
+++They are complacent with their high salaries and willing to continue to dilute until some BP meets their unreasonable terms.
The above sentence succinctly describes what has occurred over the past 7 plus years or so.
There is basically nothing more to this picture.
They are in the process of being disposed of now and kicked to the curb where they belong.
The technology has value in the right hands.
I play chess and it is past time for King to lay his king in the horizontal position and concede. He has clearly lost the battle and is simply wasting time and postponing the inevitable now. There is no strategy to win the game, that is crystal clear at this juncture from what I am seeing.
King is getting his clock cleaned by a more skilled and prepared group in Team Ronin.
Help me understand how you envision King coming out on top of this chess match. I simply don't see a way out now. We will find out soon enough thank goodness.
They will resort to anything from cheap parlor tricks all the way up to major stage Illusions in a last desperate attempt to keep their sham existence from collapsing.
Anybody believing these scoundrels all of a sudden found religion makes as much sense as taking your family to North Korea on vacation.
I agree.
Somewhere....Kenneth Lay will start giggling as Ronin starts overturning the rocks internally.
There is no telling what will be found. Nothing would surprise me.
As the Verse from Kashmir plays softly in the background:
"WHEN ALL WILL BE REVEALED"....
In summary:
PPHM Management is looking embarrassingly desperate and is flopping around like a fish on a hot deck.
The make-up of the board should have been modified A DECADE AGO.
They had no inclination at all to disrupt the sham they carefully constructed until the Ronin group called their bluff.
They hold a handful of slop and are reluctant to lay their cards on the table.
It is so obvious now.
Good Grief.
MANAGEMENT...GET OUT!
These guys are so shameless it is downright frightening.
The choice comes down to:
COMPETENCE, DISCIPLINE, VISION, PROFESSIONALISM
VS
HYPE, HEARSAY, HORSESH*T, PROPAGANDA, INCOMPETENCE, DISHONESTY, CORRUPTION, CONFUSION, OFSICATION, DESPAIR, FRUSTRATION, SELF-CENTEREDNESS
I am going to have to think this decision over. I haven't decided which side to support yet.
Justice will be served up to King and Lytle when they are kicked out and realize their marketability "salary wise" is only 1/3 of what they are currently making, if that.
Talk about a standard of living reduction.
Karma is about to pay them an unwelcome visit I suspect.
The absolute icing on the cake was their offer of adding another board member "AFTER BAVI GAINS APPROVAL"
HELLO......
It was such a brazen, continued disrespectful act towards all shareholders.
Really a disgusting gesture after all they have done.
Tells you everything you need to know about their character, motives and why the only response is to vote them out now.
Your disdain is not clouding your judgement.
King is pretty darn clueless and disconnected now.
JJ....
Their credibility is completely shot now.
They have made jokes of themselves and the company's image.
These guy's on the other side of the table see what has gone on here.
They are obviously not impressed.
We require a new...professional image...we require Ronin to spearhead any potential partnership discussions....if there is any real interest.
King would pull off one now in a last desperate act if it was "doable".
Either he leaves with a nice parting gift...or a booby' prize coupled with a potentially ugly clawback' episode.
The choice is his....TALK FASTER KING.
No deals by the time of the vote, and King's charade gets exposed basically. Astronomical.... yet no face saving last minute less than optimal deal...something doesn't reconcile.
+++CALLING $3.50 to $3.75 in a FEW MONTHS !
I am "CALLING" for a dramatically higher share price after the votes are counted in a few months which will result in "King of Talk...Pawn of Do" and his gang of thieves being shown the door.
Place your bets please.
+++What can you point to that impunes Ronin's ethics?
Is it just me Chey, or are the management defense-ologists' running really short on coherent material and viable ammunition?
I am considering attending the "Throw The Bums Out" extravaganza in October.
It will be a celebration of mammoth proportions.
The suspense is terrible....I hope it will last. Willie Wonka
+++ I cannot wait to see Peregrine run properly.
I cannot wait to see Peregrine management "run to the hills".
There....fixed it.
When you mentioned Ronin's credibility regarding our IP, are you of the opinion that they will mothball it or pawn it off for peanuts?
Help me understand.
I can't fathom a major stockholder who is wrestling to take control of the direction of the company choosing that path.
Control was the variable that was historically the sticking point of partnership discussions in my opinion.
That has changed now.
Potentially exciting times for shareholders.
Lots of volitility until this shakes out.
We are no longer frogs in boiling water.
Ronin shut off the stove.
The tide is turning.
We are gonna be ok now.
We couldn't say that a few months ago.
The share price is poised to do a "Lazarus" act after the battle of good vs evil has concluded. The true value of the company will soon be revealed.
And the sledgehammer to disrupt the ongoing carnage came out of left field....
They won't go without a fight...but they will be defeated.
RING RING...
DART: HELLO
RONIN: ARE YOU READY TO KICK THESE SCUMBAGS TO THE CURB
DART: OH YEAH
GAME OVER!!!!
Regarding the very last comment of your post...
King's record is unblemished, he talks the shareprice craters ..every time.
It is starting to border on bizarre...
And some are clamoring for more.
Someone help me understand why.
I feal like I am watching a black and white twilight zone episode.
Or....Swartz dumped his shares in protest.
I expect a two month wild west senerio as this saga takes many twists and turns leading up to the vote.
Before Ronin = Despair, angst, endless sense of defeat, disgust, frustration
After Ronin = Hope, Possibilities, fresh start, excitement
Tough choice.
I am not so concerned with Ronin's angelic qualities but rather if they can operate this company like a business instead of a personal country club / ATM machine.
That would be refreshing for starters.
Have a great weekend.
+++at least I hope they have awaken the BoD
Too Late.
Leadership just made shareholders walk the plank with the another RS.
Now, the "favor" is going to be returned to them in spades as they get to walk the plank with their positions ultimately being replaced.
Thank You Ronin Group.
It is interesting how the universe works...dishonesty, haughtiness, lying, corruption and evil usually have a way of eventually being exposed for what they are.
I believe we are about to experience that now for all to see once the Ronin Group shares what really has been going on here after they take control shortly and start poking around internally.
"They" must have known this charade of a public company would finally catch up with them.
It is a good day in PPHM land.
Just curious....what grade would you give the current regimes salesmanship?
Not counting Stanton and DIOS.