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RE " are guaranteeing a RS unless they have a carrot for the Shareholders. Perhaps a Partner lined up at last."
I suggest you look back at 2009 when the previous reverse split happened.
See what they did for shareholders then. I predict you'll get the same this time.
I believe PPHM was running Bavi phase II's back then.
In other words, AHEAD of where they currently are now.
How pathetic is that?
RE "they bump up the bonus enough to get what they want PLUS enough to cover the tax liability."
Bonuses?
Huh?
For what?
Failing drug trial?
Driving the stock into the ground?
Massive dilution?
Reverse split?
Do tell? What are the bonuses for?
RE "Sale of Common Stock This is .31 cents!"
And demonstrates via actions (not words) what PPHM management thinks of the value of the company AND the chances of the stock rising.
Case rested........
RE "Sounds like a deal is close"
If you mean a NO cash deal, you could be right.
Here's how I would imagine the PR.....
Headline would read something like PPHM inks partnership for Potential billions!!!
The fine print would be something like -
PPHM gives up rights to Bavi to XYZ startup biotech for a percent of potential future revenues. Blah blah blah. i.e. zero cash.
Actually to be fair you could say Cotara did better in trails than Bavi and we all know what Cotara is worth.
That was an excellent assessment of reality.
You definitely "get it".
The fact that PPHM trades at a price greater than zero is absolute proof that there is truly a sucker born every minute. I think PPHM's double secret business plan is no more than that presumption.
The really sick and twisted thing is - it's worked!
RE "unbelievable. Diluting at 35 cents."
Actually, that's 7 cents for the long term bag holders on a 2009 pre-reverse split basis.
Care to compute pre-reverse shares outstanding?
Better yet, care to compute potential for shares outstanding pre-reverse pre-reverse based on an unchanged authorized shares?
They'll can give McDonalds burgers served a run for the money!
There's not many "sure things" in the stock market.
But, PPHM dropping as SK speaks is about as close as it comes!
Bid ~$.33 / ask ~$.34.
some things will never change.
RE "I am surprised they used 10.3 mil in ATM last quarter"
Why? I'm certainly not.
As I've mentioned previously, Avid is just a distraction.
It's like "3 card Monty" - stock market version.
Still just a cash incinerating dilution machine.
Reverse split? that's NOT a distraction, that's the harsh reality.
I mean AGAIN!
RE "Peregrine about to beat earnings tomorrow "
Whether PPHM beats earnings by a penny or misses earnings by a penny is completely meaningless. They have been, are, and will still be a cash incinerating reverse splitting dilution machine.
end of story.
So the stock has recently gone up from 6 cents to 8 cents per share (pre-reverse). Again, completely meaningless, except for the penny stock day traders.
RE "Reverse Split is the mantra of the anti-bavi crowd, don't you think"
Don't' know about that.
What I do know is that reverse split is the mantra of PPHM management.
They know it all too well.
RE "how about the SP will probably be much higher than it is now and much higher than it was back in Sept 2012 "
At some far distant and unknown point in future decades - maybe.
SAME can be said for every other fantasy stock out there.
Reality? That's another story.
Oh, reverse split - AGAIN - that's reality.
RE "Someone is desperate for shares"
LOL! seriously, that's the funniest thing I've read in YEARS!
Truth is that there is a nearly infinite potential for shares to be created by PPHM. Reverse splits and increasing the authorized number of shares makes sure of that!
Here's a FACT for you.
When investors are "desperate for shares" they PAY UP for a stock. The stock GOES up big. PPHM is sitting on MULTI-year LOWS (or is it multi-decade lows?). And there's absolutely no reason for it to go up.
What's "coming soon"? reveres split? More worthless mouse news? More dilution?
There's been talk of "imminent" for at least the ~12 years I've been unfortunate enough to follow this trash of a stock.
Since then there's been a ~95% LOSS of shareholder value.
There's been nothing "imminent" over those ~12 years but MORE DILUTION and more disasters. Bavi has "Busted" more times than is easily remembered.
Now these bozos are trying to morph into a company that brews drugs for others (i.e. Avid) and still incinerates cash! And yet they still try to pump the stock a couple pennies with more pre-clinical mouse nonsense. Never did mean a thing - never will. Every spike is a selling opportunity, but every spike is at a lower price and for less pennies.
PPHM is most definitely NOT undervalued.
I can show you biotech stocks that sell for LESS than net cash on the
balance sheet and none of them have the record of extensive failure by management as PPHM!
There's no bottom for this stock.
My expectations have been proven correct over the years.
Here's another one.....
After the NEXT reverse split you'll see the same thing as last time -
A massive drop in the stock price.
RE "Importance of Wolchok’s remarks in yesterday’s PR"
Yup, another 10 YEARS of trials,
another x hundreds of millions of dollars,
another ~BBBB-illion shares,
ya just might have something!
Oops, i forgot another 2 reverse splits.
See ya at a nickle!
RE 20,000 reads today! Nothing to see here folks!! LOL!!!"
Must be people looking for a good short opportunity.
Obviously all those "reads" over all those years have created NOTHING but a declining stock price!
Or is there little interest in the company and the abusive dilution simply dwarfs the buy interests?
LOSE/LOSE - pick your reason but it's all bad.
RE "third party validation "
Huh?
The only validation is this company is nothing more than a cash incinerating dilution machine that makes the insiders rich and the shareholders poor.
BTW, obviously the market doesn't care who treated the mice.
MSK means as little the shareholder value as did Duke, the US government or anyone else foolish enough to get involved with PPHM.
ANOTHER REVERSE SPLIT coming soon!!
Congrats to the PPHM faithful!
The long awaited MSK news has rocketed the stock!
This latest "Spike" is about one half of a penny pre-reverse split!
But.........uh...........Didn't PPHM do it's mouse studies about 10+ YEARS ago?
And.....ddn't they burn in the hundreds of millions of dollars to get here?
And.......wasn't there about a BBBBBBBBB-illion shares (pre-reverse) of dilution to get here?
And aren't the same proven loser value destroyers still in charge of this company?
Was this the news that could get the stock to $1 to avoid the reverse split?
RE "they were hoping for other events (to be announced) to avoid the RS by bringing the stock above 1$"
PURE fantasy!
Like everything else this loser team ever did or said.
Stock now about 6 cents per share pre-reverse.
Soon I'll have to say pre-reverse pre-reverse.
All these losers can do is put out pre-clinical garbage after 10+ years of Bavi hype.
EVERY price spike is lower and ALWAYS nothing but a selling opportunity.
Avid is nothing but a distraction.
PPHM incinerates CASH regardless of Avid or Avid growth.
Share count /dilution grow to extremes that even the most pessimistic could not have predicted years ago.
PPHM has been in a dilution death cycle. The lower it goes, the more shares need to be sold to raise the same amount of cash. And the selling feeds on itself.
Meanwhile the Bozos that destroyed shareholder value keep raking in their fat salaries.
Truth is truly stranger than fiction.
RE"Many doors will open soon"
Only one door opening soon and that's the REVERSE SPLIT door.
Yes - AGAIN.
If it's a 1 for 5 that means 1 for 25 for anyone that has held since 2009.
It's far too late for this company to ever return long term shareholder to break even. There's simply been too much dilution. Unfortunately, they've set it up for nearly endless dilution. Now 500 million shares authorized and accounting for 2 reverse splits, that would equal a pre 2009 potential of 12.5 BBBBillion shares. That's insanity folks. For a company that's proven they can accomplish nothing but massive shareholder value destruction - and they are still employed. that's insanity as well.
7 cents pre-reverse? Sounds overly generous a valuation!
"Median OS for the bavituximab plus docetaxel group was 10.7 months as compared to 10.8 months for the placebo plus docetaxel control group"
http://finance.yahoo.com/news/peregrine-pharmaceuticals-reports-top-line-120500063.html
And there it is..........
Bavi the bust is almost as good as a placebo - almost....
OVER ONE BILLION pre-reverse shares of dilution to prove that.
And nearly a 100% destruction in shareholder value since "tarvy" started.
This company now officially has nothing but Avid which produces sales of pennies per share per year and still burns cash like an incinerator!
The dilution into oblivion is continuing as expected.
.....And there it is. Today's market reaction is proof for the UMPteenth time of how these jokers at the top of PPHM operate.
Yet 1 more disappointment in a very long list.
Why the vague PR about this previously? Probably just another opportunity
to run the dilution machine knows at the PPHM ATM.
Pre reverse split shares now OVER a B-B-B-B-B-Billion! (AND COUNTING)
Actually shares short is insignificant.
A little over 1 million last couple reports.
That's out of nearly 1/4 B-B-B-B-B-B-B-illion shares.
Far more likely that your management team is killing the little spike with ATM dilution. Keeping their paychecks flowing is far more important than your shareholder value which has been almost completely destroyed anyway.
RE "how about some cheer for what bavi COULD mean to people like her."
I'd cheer ANY drug that could help ANY type of cancer patient!
Unfortunately, PPHM/BAvi has failed too many times already and made their shareholders sick financially as well.
That's nothing to cheer about.
Dilution into oblivion is nothing to cheer about.
Reverse splitS are nothing to cheer about.
DESTRUCTION of shareholder value is nothing to cheer about.
Insiders getting rich while shareholder get poor is nothing to cheer about.
RE "Management authorized the 500 Million Shares. When the RS happens, it will be for 1:7"
Let's have a little fun with math.
Purpose: to see what value destroyers the crew at PPHM really are.
Given: 500 million authorized shares.
Assumption: 1 for 7 reverse split.
Let's not be concerned with the 1st reverse split that I've heard about as that was before my time. Let's just go with the one from 2009 and forward.
So......IF it is a 1 for 7 AND knowing there was a 1 for 5 reverse in 2009,
that means 1 for every 35 after the next reverse and compared to pre 2009 reverse split.
So....PPHM has the power to create/issue (in pre reverse 2009 terms)
35 * 500 million =========== 17.5 BBBBBBBBBBBBBBB-illion shares
in pre-reverse 2009 terms.
So, if PPHM (by some miracle) achieve a $1 BBBB-illion market cap,
to a pre-reverse 2009 shareholder that would represent a WHOPPING
5.7 CENTS per share payoff for BAvi the "wonder drug".
Wow..................5.7 pennies PER share per Billion of market cap
(assuming all 500 million authorizes shares become outstanding).
Again, 500 million shares backing out a 1 for 5 and a 1 for 7 reverse would be 17.5 BBBBBB-illion.
ALL true. You don't get very many 100% probabilities in the stock market, BUT selling ANY PPHM spike, no matter how small is certainly one of them!
I have no doubt that today's PR will fizzle just like everything else they have ever done.
Grand sum total of ALL conferences, presentations, data, is still
LESS THAN ZERO.
Only thing that increases at PPHM is the number of shares!
Currently WAY over a BBBBBBBBBBBB-illion in pre-reverse terms.
I think today was just an opportunity for the boys to crank up the ATM.
RE "Bye, bye RS!"
LOL!
Like EVERY other little spike (today "up" to 9.7 cents per share pre-reverse -That's the previous reverse of 2009......)
PPHM will probably quickly LOSE the entire little spike.
RE "Patenting this biomarker makes me think this is MORE meaningful a PR than most!"
LOL! Any idea how many patents PPHM already has?
A LOT.
Total value created over the long term with the sum total of ALL of them = LESS THAN NOTHING.
No, filing a patent means nothing.
RE "That's the gamble."
When talking about gambling, understanding the odds are essential.
Unfortunately, there's a 100% chance that at the current burn rate, PPHM goes to zero without massive dilution. Therefore there is a 100% chance of massive dilution.
If PPHM wants ~$20 million per "Q" (they consumed almost that last "Q"),
at around the current share price that's around 50 Million shares PER Q!!!
Meanwhile what gets accomplished in a "Q"?
Pretty much nothing quarter after quarter after quarter.
Talk about new trials..........initiating new (phase 1) trials.....
blah blah blah....
That's an obscene number of shares quarter after quarter to make little if any progress.
Oops sorry, I forgot about Avid!
yeah.......massive DECLINE in year over year revenue.
And no matter how much revenue they bring in, the CASH BURN is still extreme. As I've said for years, Avid is nothing more than a distraction in the PPHM shell game of dilution.
RE "It's all a gamble. 40 cents gives you a shot. "
Not really. You can't ignore the reality of the math.
At the current burn rate PPHM would be gone in less than 3 quarters.
I'm not predicting that because they have nearly unlimited ability and willingness to dilute. Which is exactly what will happen.
Dilution into oblivion is well on track - and it's the ONLY think on track with this disaster.
RE "The only way they get my shares is "
Wrong. Reverse splits take care of that.
Note I use the plural......
5 shares leaves you with one.
Or 25 shares in 2009 leaves you with 1 after the next reverse.....
Then they sell them again to someone else...
The only B-B-B-B-illions for PPHM is the number of shares outstanding adjusting for reverse splits!
What do the shares accomplish?
I can think of 2 things:
1. more money for the insiders.
2. Higher accumulated deficit on the financial statements.
Currently OVER half a B-B-B-B-illion! (and counting)
What's to show for it?
Oh yeah.........might start a phase 1 for Bavi (the not so wonderdrug)
It's like a time warp - Bavi phase 1 again after 10+ years!
Sorry for your loss. But realist1 said it would be like this.......
Oh , forgot, I may have been on "ignore"....Hmmmm......
RE "I agree that the RS is a forgone conclusion"
Let's see........please check my math......
A 1 for 5 reverse split in 2009 and if there's another 1 for 5,
that means shareholders (owners) have 1 share left for every 25 they had,
or 24 or 25 GONE!
Meanwhile the same idiots control the company?
AND those 24 shares are now available to sell to some other sucker at any price - cuz there's no price too low to sell shares to keep the cash flowing.
Just checking...........
Are we catching on yet to what this company really is???????????
The fact that PPHM put the reverse split on the vote PROVES where they expect the stock to trade - like there was any doubt!
In other words, nothing coming "soon" to move the stock back to $1.
Let's appraise PPHM's "assets":
Cotara - worthless.
Bavi - worthless.
Cash on hand - will be consumed, so future value = 0.
Avid? Maybe 15-20 cent's per share. Maybe, but highly questionable
as we don't know how ugly the standalone financials would be.
Stock still above that.
Guess where the stock goes POST reverse split?
Yup, market has a way of working that out.
I expect stock to tank after the (another) reverse split - just like last time!
Can anyone show me a company more poorly run?
What can you do about it? Not a darn thing.
RE "The authorized share will certainly not be adjusted proportionally"
Wasn't last time.
Would be foolish to assume anything different.
These guys have proven over and over and over that they want as much power to dilute as possible! Keeps the bills paid and no one give a crap about shareholders....
Any word from MSK, or is that going to be another massive disappointment just like the infamous Duke fiasco? (and too many others to count).
BTW, anyone that doesn't think another reverse split will be a total disaster just like last time needs to go back and do some homework.
Realists next prediction:
Another reverse split will be a disaster.
I'm batting right around 1,000 on PPHM predictions by the way......
RE " I will vote no."
Doesn't matter!
Last vote proved that.
Most of the shares that were actually voted were voted against the increase in authorized shares(~2/3 I believe) , but it passed because all the non votes went into the "Yes" column.
In other words, these bozos can keep doing whatever horrors they want to shareholders and get away with it. Always have, always will.
All shareholders can do is sell, and there's been plenty of that.
That's why the stock lost ~95% of it's value over the last ~12 years!
Dilute, reverse split, dilute, dilute, dilute, dilute some more, did I say dilute, revers split...........lather , rinse, repeat.
Meanwhile the CASH keeps flowing into their pockets. Great gig if you can get it......
RE "14 months removed from MSK announcement Zero progress to show for it, 12 months from AZN announcement Zero progress."
These are small amounts of time for PPHM.
Just look at history.
How many years was the "Duke paper" waiting to come out?
It's a long long list of failures here.
The story never changes, and the bozoz get richer and stay in power.
Only in America can you make people poor, get rich in the process AND keep your job and stay out of jail. Simply amazing......
PPHM about to start Bavi anti-cancer in phase1!
Hmmmm.........I think I remember reading that about 2004......
Only difference is the stock was over $1 then, ~7 cents now (pre-reverse)
Gonna get confusing here in the "coming months".
I'll have to specify pre-reverse or pre-pre-reverse!
BTW, the only "billions" in PPHM are pre-reverse SHARES of highly diluted stock!
RE "Almost trading for cash. Amazing"
Actually quite reasonable.
Market looks ahead.
What's the future of that cash?
To be consumed for fat salaries, BOD fees?
Incinerated on more wasteful trials?
Market discounts current cash for expected future value - which is of course declining! Or......PPHM could maintain its cash level through more unending dilution. Result - LESS cash per share because of more shares.
Choose your poison - either way cash per share goes down. Market ain't dumb - as it proved by sending PPHM down prior to massive failure of Sunrise trial.
Actually it's quite easy to find biotech stocks trading at LESS than net cash per share. And by "net", I mean after subtracting any debt.
RE "when all the puzzle pieces continue to pile up"
Yes, Puzzle pieces have indeed been piling up for many many years.
Those puzzle pieces have been such a trail of failures and disasters that the stock has lost well OVER 90% of it's value since Tarvacin/Bavi has become known to the world!
NEXT!
RE "don't forget the pending RS."
What's it looking like, 1 for 10?
So...........for anyone holding since 2009 pre-reverse, they'd be holding
a share for every 50 (FIFTY) they had. Wow......
Meanwhile PPHM jacked up the shares from a pre-revere 325 million to a post reverse 500 million?
Anyone left want to debate me about dilution into oblivion? LOL
Remember, Realist1 said it would be like this.