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I believe you when you say that the sale is almost over. This past Monday I deposited $17,000 from a CD that was paying .1 percent interest and bought another 5600 shares at 1.68 and 200 Jan 2013 contract at .34. Hopefully, if the stock price is high enough by then I will buy 20,000 sh at 2.50 for $50,000 on margin or I will buy another 200 contracts with the gain on the options.
I should have bought more under a dollar but buying the call options was the best I could do at this price.
You can now buy on margin at 2?
It used to be 5 years ago.
commit to support the stock price at the end of the day
Second day in a row this happened. If I remember correctly, the same thing happened once before. It looks like somebody wants to make sure PPHM closes up.
24: Correct. The split & drop was not nice for anybody.
It was good for those who picked up some cheap shares. I bought at 1.05, .50 and lastly 1.76. I would have kicked myself if I hadn't done that. I should had bought the last shares at 1.76 below a dollar but I wasn't thinking it about it then. I had now have the same amount of shares I had before the split. I started buying this stock about nine years ago. The longest wait ever.
Can they have a deal and not announce it?
According to the last paragraph we should have a partner by now. Aren't we past the early part of the year? He also said it could have happened at the end of last year. More words and promises that never materialize. It's just their way of dangling a carrot, one of only two things they are good at. The other being raiding the company on the back of the shareholders.
It sounds like they are prepared to go another years without a partnership which doesn't look good.
Then you have this gem, our goal is to look at potential partnerships as we move forward to help fund these bigger Phase III studies that we're anticipating .
After so many years of being in talks with potential partners, they are still planning at LOOKING at POTENTIAL PARTNERSHIPS as far as getting a partner goes. Which probably means getting a partner is years away. So, if looking at partnerships is still in the future, negotiating and getting a partnership might be many years away. Or maybe, their idea of a partner is not what they have led us to think. It's more like a raider.
They obviously must think that this is the way they will make the most money while the retail investors who have believed in the science and their promises stand to lose big time.
"When Steve is finished with the usual dry scientific presentation, why not roll up his sleeves, completely surprise all the staid investors at the presentation, walk into the audience and with some real "enthusiasm" tell them in "plain English" what he really likes about all this science and what the real stakes, real values, and real risks and rewards there are in investing in PPHM. If you're not "enthusiastic" Steve why did you spend ten years of your life pursuing this thing?? "
Can Steve King say whatever he wants to say or only what he is allowed to say? Who is pulling the strings here? ES?
Isn't this just like just like the capable PR firms who everybody thought were going to get the word out but were muzzled.
It's clear by now that the Board are in it just for themselves. Getting cheaper options before they partner or sell. The retail is left with more buying opportunities and the potential to be the bag holders.
Very well said. The only thing I don't agree with is the last two words.
Go Giants.
Getting a partner works. After so many years of being in talks, one of those talks should have been fruitful by now. I think it's clear that they are trying to get even cheaper options than they already have gotten.
Think for a minute, if you wanted to increase your position in this or any other stock wouldn't want the stock price to go down so that when you buy you get more shares for the same amount of money?
Thanks for the encouraging post, entdoc.
After all the waiting, disappointments, betrayals, I think the long suffering longs might be in need of a heart drug. Can PPHM deliver?
My cholesterol was 296 two months ago, it was 305 in 1982 and close to that ever since and still no heart disease for me. Blood pressure always below 120/73.
The doctor told me that it was her duty to inform me that taking statins is the AMA recommendation after I told that I am OK with my high cholesterol. Mostly, after reading Heart Frauds by Charles Mcgee, MD. Amazing book.
You got that right.
PPHM is like a girl who has been around the block too often.
And that's too bad for all those of us here who are married to her.
They don't need to do anything illegal to get rich at the expense of the gullible retail investor. Raping the retail guy who believes in the company is perfectly legal. And there are more than one way of doing it. For instance, they can award themselves options whereas we have to risk our own capital. They can let their cronies make money without risking anything on shady financing deals that are perfectly legal. They can let the pps drop like a rock if this will benefit them or their cronies in any way. It sounds just like they have been doing.
Wall Street is a dangerous place for the retail investor with no connections or leverage.
Everybody should read what Mark Cuban said about Wall Street.
"The only people who know what business Wall Street is in are the traders," Cuban wrote on May 9, 2010. "They know what business Wall Street is in better than everyone else. To traders, whether day traders or high frequency or somewhere in between, Wall Street has nothing to do with creating capital for businesses, its original goal. Wall Street is a platform. It's a platform to be exploited by every technological and intellectual means possible."
"The only people who know what business Wall Street is in are the traders," Cuban wrote on May 9, 2010. "They know what business Wall Street is in better than everyone else. To traders, whether day traders or high frequency or somewhere in between, Wall Street has nothing to do with creating capital for businesses, its original goal. Wall Street is a platform. It's a platform to be exploited by every technological and intellectual means possible." ( I think it was worth repeating).
http://www.bimmerfest.com/forums/showthread.php?t=561281
The only thing they do is dangle a carrot in front of you. They give you enough hope to keep you invested or invest even more while they draw their salaries and get their options.
The only explanation that makes sense is that they are trying to get cheaper and cheaper options. The difference between getting your stock at 1 dollar a share as opposed to 2 is huge. If you get your stock at 1 you make twice as much than if you get it at 2, four times as much if than if you get at 4 and so on.
So each member of the BOD and King are probably looking at making millions. Instead of making 10 millions they can make 40 millions or more if the trials pan out. That is a huge difference, an extra 30 millions or more. If the trials don't pan out, they will have earned some above average salaries while the investors lose.
This is what is' called playing with other people's money (OPM) where they have nothing to lose and everything to gain. They sure don't have skin in the game like the poor saps who believed in the science and went in feet first.
What does this mean?
does it mean the pps is heading north? If that was the case all that one would have to do is buy stocks that just had some institutional buying. Then, all we would have to do is buy mutual funds and we will automatically make money. It will not be a lot of money but a lot better than losing money. And with the power of compounding with all that money you will be rich by the time you retire.
But then you have the stats that say that mutual funds don't beat the averages like the S&P. But that is precisely why they came out with index funds so that people like us can have an easy, safe, and automatic way of making money. It's all out of the goodness of their hearts that they want us to make money. It has nothing to do with the people who run the mutual funds making money and a lot of it with other people's money.
And with the SEC watching over everything and making sure that all of the rules are followed and those who break them end up in jail a la Martha Stewart how can we lose?
Sell PPHM, give your money to the pros and let them make money for you.
Action or, in this case, lack of action speaks louder than words.
These guys are always in talks or talking about being in talks and how the PPS will take care of itself without them doing anything about it.
Or when the PPS goes south it was just due to something outside of their control.
I think that very few if any company or anyone who is successful wants to do deal with these guys. All they are good at is string you along with promises that never come to fruition.
It's a small step in the right direction. King is aware that the pps is not moving up.
Maybe he will do something about it.
You raised a lot of good questions. I will not invest another dime in PPHM or the stock market. I increased my position by 45% about four months ago. I will be happy to just double my money at this point and I am worried that I might lose most if not all of my money. It's very hard now not to ride it out after six years.
PPHM for me has been around for way too long with a long string of broken promises. Every year is going to be the year but so far it never has been. The problem with companies like PPHM that have such huge potential is that they can reel you in and keep you hooked even if the stock goes down to zero. Once the stock has declined 70,80, 90% at that point it is very hard to dump it as long as the lure of the big payoff is still there.
And that's the only thing that PPHM does well, keep you hooked with the hope of the big payday.
It's very hard for me to support management at this point not that it would make any difference. Besides the broken promises they hold sham conference calls where they don't take any questions other that a couple of screened calls.
As far as getting a deal, either you get a deal (which would have happened years ago by now if it was another company) or just say that you prefer to go at it alone and don't keep everybody guessing and hoping. You can always get a deal if you say you will go at it alone if it is a really good one.
How hard is to get a deal? You get money upfront to fund the trials and keep the company solvent and then agree on how to split the profits. The details get worked out based on the milestones. Trying to get a bidding war is not going to endear you to the party that is going to be your partner. Look at Vertex. Were they smarter or dumber than Peregrine?
One lesson that I learned that explains why the pps is not moving. Wall street will only give so much time to prove yourself and unfortunately PPHM is now way past that. As long as these guys keep putting out old news the stock is only going to get lower. Even if they announce a real deal or get FDA approval, I think the stock is not going to rise as much as some people on this board think.
JMO and would love to be wrong.
Maybe this is reason:
PPHM has ticked off the retail investors, the potential partners, everyone who has been involved with the trials like these two doctors. Why would these two doctors sing their praises now.
People on this board complain about the past PR firms and now Amy who have always put out incompetent PRs. Can the PR firms write what they want or only what PPHM allows them to write?
The CEO said that everybody is interested in PPHM. Imagine how frustrated the interested parties may be by now when nothing ever comes out of the talks and they are told to wait for the upcoming months.
You went from being overly optimistic for a very long time to overly disappointed overnight.
To answer your question, all you got to do is remember the 2.50 put when the price was over 3. People were wondering how in the world whoever bought the put is going to make money?
Well. who ever it was did make something like a million on a 20k investment. Not bad. This alone proves that the stock market is rigged. The retail guy is just being used by forces who can manipulate this stock and other stocks at will even doing things that are against the SEC rules who obviously works for the fat cats or allows them to do whatever they want.
You should also remember how PPHM was booted out of the Russell years ago when everybody at the close on this board was clapping their hands because the pps closed above the minimum after the DIOS deal in the last ten minutes was announced. Only one hour later it was found about the 300 or 100 share sale that put the PPS below the threshold and got PPHM kicked out the Russell was the real close.
How did that happen? Somebody who wanted to profit by having PPHM kicked out of the Russell was able to do it in ways that we don't and will ever know.
Invest at your own risk.
Maybe somebody should make up a test
about PPHM, the trials, the Board, the history, Dr Thorpe/University of Texas, the patents, the past and present PR firms, the science, all the possible indications/applications in all their different modalities from viral to cancer to imaging, the evolution of AVID, the high profile consultants, the government contract(s) and whatever else I left out.
It would be interesting to see how much the members of this board have retained. Anybody up for the challenge?
I believe there is a good chance some members of this message board will be very rich, others rich but not so rich when the results of the trials are in. Others will left looking.
Entdoc,
You only mentioned the science and the potential which is only one half the equation. The other half of the equation is management who has not been up to the task so far. Would have you thought that the stock price would be less than 50 cents a share pre-split at this juncture? Maybe you don't know that management wasn't doing any conference calls years ago until they were forced to. That's how much they care about the retail investors. Even now, they refuse to take calls after the CCs. How many times did King raise hopes with all those developments in the upcoming months that never materialized. They haven't shown that they care at all for the retail investors which is why people are so frustrated. They really haven't done one thing, not one good surprise which shouldn't be hard to do with so many things they have in the fire. All that talk of partnering and nothing so far. How many smaller companies with so much less than PPHM have done real deals? And yet we are still here hoping for one BP deal.
That being said I haven't sold because I think they can still be successful because of the science. In fact I added another 3500 shares a month ago. I don't own that much of this stock. My average price is now $5. I need a double to get even. I am done buying for good and will wait it out knowing that I could win big or lose it all with this bunch.
We always the last ones to know. The best thing we can do is hope.
Has the FDA ever approved a drug based on trials from India or other foreign countries? Can they go from phase II in India to phase III or II in the US?
In the absence of a partnership or license deal I think this is the best thing they could have done to raise some short term cash. Sure it may kill any Russell spike but it will not sink the stock either. Let's give them some credit.
When Bavi is ripe then then can sign a blockbuster deal and we will all live happily ever after. If we have the patience and nothing goes sour before then.
I wasn't aware of the located trick. They seem to always find a new way to game the system. The same shares then can shorted many times over without being borrowed. How is that different than naked shorting.
There are 20,000 2.50 puts. They should have cost around $200,000. It has to be somebody with deep pockets with bad intent. Maybe it's somebody who sold the puts to themselves to get people to think that the stock could drop below 2.50 so they could sell and then the put trader can buy them cheaper. That would be a creative plan to try to get cheap shares. If you think about it, if you wanted to buy a lot of shares you would want to the price to drop before you buy. This is a good scenario. Or maybe it's some body who has the ability to knock the price down below 2.50 so that he can make money on the 2.50 puts. This is a bad scenario for us. If the latter is the case we can expect what happened two days ago to happen again. And they may just be shorting the stock without even borrowing.
You forgot somebody shorted a bunch of shares.
Maybe they borrowed them before they sold them, maybe they didn't.
Was it somebody getting out or somebody shorting?
If a professional shark decided to attack and short this stock he probably will make some dirty money on it. Is naked shorting still allowed? We can feel safe that we have the SEC on our side protecting us.
"Although the vast majority of short sales are legal, abusive short sale practices are illegal. For example, it is prohibited for any person to engage in a series of transactions in order to create actual or apparent active trading in a security or to depress the price of a security for the purpose of inducing the purchase or sale of the security by others. Thus, short sales effected to manipulate the price of a stock are prohibited."
http://www.sec.gov/spotlight/keyregshoissues.htm
That makes some sense. Except when you think that whoever bought the shares with the puts for downside protection could have accomplished the same thing by buying calls. Their loss would be limited to the cost of the calls just like buying the stock with the puts. The cost of their puts would be their loss. When you put it that way what would be the advantage of buying the shares with the puts over buying the calls which can be converted into shares. Apparently none unless PPHM was able to get somebody with big bucks who obviously knows about options to go with buying the shares with the puts instead of just buying the calls. I guess it's hard for me to buy that. Since when has an investor done anything to benefit PPHM. The bottom line is always the retail investor like us will never know and is always playing the market with a disadvantage over the professional with the big bucks and the CEOs and board members.
CNBC close: 3.54
Yahoo and msn got 3.50. Who got it right.
http://data.cnbc.com/quotes/pphm
I think it is Peregrine investors and funds, current and potential. They were trying to give those who do their homework their chance to get in before the cat is out of the bag. When the big news hits then it will be too easy for anybody to see that we are for real.
But those who work hard to dig out the news will be rewarded much more handsomely than the investors who look for stocks who have already been discovered.
It is the undiscovered gems that can make you rich. We should all be thankful that we have invested in this company before its potential is known to every investors.
Hard work brings big rewards. Waiting for things to be handed to you on a silver platter brings disappointment. Let's just continue to work hard to uncover all the dots and connect them before wall street finds out.
Let us keep our eyes fixed on the reward and never let it out our of sight. We will be rewarded when the time is right based on how hard we worked connecting the dots while keeping the faith and banishing all doubts. The more we do of this, the more we will invest it his undiscovered gem and the more determined we will be to stay the course.
Let us keep faith and hope alive to the end.
Finally, the answer to why management doesn't buy stock.
They prefer to acquire the stock for free.
If I had cancer I would be dead waiting for Bavi to become available, thanks to the half brain dead BOD of PPHM. If I were to try to understand all the stalling, I would have to think that they are trying to squeeze as much money as possible out of this little personal toy company.
Yes, ES and company made some decent money with the Melton PIPES, now trying to position themselves with getting cheap options. But most sane people would think they would make a heck lot more money and a lot faster if they had done a deal with big pharma. Maybe they think they can bring the drug to market on their own while they pacify the retail investors with their 'we're in talks'.
Just hope you or anybody you know don't get cancer. Of course if the BOD gets it they would have a way of getting the treatment.
I think I know enough to try to prevent cancer. It's all about diet and staying away from toxins. As for a treatment in case I came down with cancer I would use hydrotherapy and improve my diet even more. Search how being too acidic or having a low PH causes cancer. You can buy ph strips and check your ph. I have done it and when I eat junk food my ph gets lower. People who have cancer have very low ph.
Now this may sound like hogwash but ask yourself what has modern medicine done to cure cancer so far after all that research and billions of dollars spent or wasted? Avastin, which costs $100k and prolongs your life for three months is the best we got so far.
Chemo and radiation which works fifty percent of the time and then eventually most of those who are cured get the cancer back. Not to mention the heavy toll and damage that they suffer.
Read this: "HOT & COLD Water Therapy is so POWERFUL, that Cancer Tumors can shrink by 1/2 in only 4 hours! So if you AVOID HOT & COLD Water Therapy, because of timidness, you are CHEATING yourself out of a CURE!"
http://healingtools.tripod.com/thn9.html
Gold has topped out or just about. We had an internet bubble, real estate bubble, oil bubble, and now we will have a gold bubble. It always happens that way. When money moves into a market for so long then there is no longer any new money left to buy into the same market.
Then the pros who got it in early suck the gullible public to buy at the top. And that's when the pros who manipulated the price on the way up get out and even start selling short to the late comers, the suckers born every minute, the novices. And they do it while sleeping well at night. It's a testament to the kind of people they are. No scruples. Get rich at the expense of some gullible chaps.
You know there is a bubble when the general public is told to buy. Look at all the ads to buy gold. You have to wonder why. The pros are selling to them. They need buyers at the top.
We don't know who the biggest voting block is. It may not be the shareholders. Maybe whoever has been positioning themselves for a deal that will benefit them and management at the expense of the retail shareholders or us.
Cheynew I posted about the ONT takeover by Google back in August right after it happened. I owned ONT for a few months in 1999. There are similarities. PPHM management never cared about the shareholders. They have milked the 'we're in talks line' for years to keep try to keep the shareholders pacified. Somebody answered me back then that it won't happen here because of the poison pill. But if you read the poison pill PR it states that management can revoke it at any time. That would be really blatant if they do it.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40605412
Hope this doesn't happen to PPHM
ONT got bought out by Google a few days before they posted their best earnings ever. The stock was always beaten down, probably shorted down and then gets bought out for close to nothing. The shareholders are rightly fighting the takeover. You have to wonder what the management got under the table to go along with this deal. The shareholders were always kept in the dark and then they get royally screwed. Can this happen here?
Entdoc, that's a plausible explanation.
Hopefully that is not the case or we will not see what we were hoping for. Apparently something isn't right. I would like to be wrong about that.
Another explanation: management is trying to get as much as possible for themselves just in case things don't work out. Unless it's like they say that by waiting for trial results you get a better deal. That's kind of hard for me to believe. All they have to do is work out a deal based on percentages of profits and you wouldn't have to worry about getting a better deal.
The 'we're in talks' sound old and worn out. I doubt they can still use it.
Hi Entdoc,
I only want PPHM stock price to be as high as my cholesterol. Remember when I told you years ago that my cholesterol was 300 and still is and yet still have BP of 110/70, ultrasound and heart scan showed two years ago that I have zero plaque which almost gave my doctors a heart attack because they thought I was going to die from heart disease. The big secret? Vitamin C. Read Why Animals Don't get Heart Attacks by dr Rath. Which I have unwittingly followed since 1982. And I am not worried.
Back to PPHM, if Bavi and Cotara don't work against cancer and viruses they are already wonder drugs when it comes to patience. Nobody can be as patient as a PPHM stock holder, some for more than ten years. And how can Desmond-Hellmann be proud of Avastin when it prolongs your life by a couple of months. Did her patients still think she was their hero two months later?
I fault management for not righting this ship. How hard can it be to nail down a deal. All you have to do is say to a potential partner with greenbacks or euros LOOK WE DON'T KNOW HOW WELL IT'S GOING TO WORK OUT(BAVI OR COTARA). JUST GIVES 100 MILLION UPFRONT, FUND OUR TRIALS AND LET'S SPLIT THE PROFITS FIFTY FIFTY. IF THE PROFITS ARE SMALL WE BOTH PROFIT SMALL AND IF THEY ARE BIG WE BOTH PROFIT BIG. IF THE DRUGS DON'T BECOME COMMERCIALIZED YOU WOULD HAVE TO SPEND ROUGHLY THE SAME AMOUNT TO DEVELOP OR BUY INTO ANOTHER DRUG AND WOULD HAVE HAD TO WAIT A FEW MORE YEARS. WHAT DO YOU SAY?
But I guess management is not capable of talking like that. Maybe because they got big ideas. I hope one of them is not how they will sink the company. Still on Bavi and Cotara to keep my patience going.
Hope everything is well with all the good guys. The bad guys you don't need us. You are doing just fine.
Hope this doesn't happen to PPHM
ONT got bought out by Google a few days before they posted their best earnings ever. The stock was always beaten down, probably shorted down and then gets bought out for close to nothing. The shareholders are rightly fighting the takeover. You have to wonder what the management got under the table to go along with this deal. The shareholders were always kept in the dark and then they get royally screwed. Can this happen here?
http://www.reuters.com/article/marketsNews/idINN1213117420090812?rpc=44