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Why would anyone post on a forum so dominated by those whose only interest appears to be discussing the reasons why noone should invest in this company?
As to the lack of PPHM share sales activity. Why would anyone buy a stock with so much uncertainly regarding its future? Why would anyone who knows PPHM's potential even think about selling?
Once the uncertainty is resolved there will be plenty of sales activity. Then, this board will be filled with activity or no longer exist.
Waiting is the hardest part.
Paul
Who is Michelle Thomas? Is she a PPHM employee? Whoever she is, I like the cut of her jib.
Paul
BOT, thanks for the update and clarification. Those of us who have stuck it out during the long PPS slide are eager for information.
I suspect we all curious to know if you have heard anything regarding how PPHM will pay the bills until the 2nd half of 2009. If you have heard anything, please do spill the beans.
Thanks,
Paul
Your question is not new. It has been answered many times. We can only wait and see what happens in the ongoing combined trial.
Maybe BAVI is not particularly well suited for HEPC. If it is, great. If it isn't, PPHM will have learned to focus its BAVI anti-viral efforts elsewhere. Or it may focus more on anti-cancer.
It is not fun waiting, but it is boring to see the same questions asked over and over again while we wait.
Paul
Isn't amazing how many posters, maybe new poster or retreads, pop up with an anti-PPHM agenda? I generally despise conspiracy theorists as intellectually lazy. However, in this case there is clearly a coterie of posters who snipe at PPHM. Where the heck are they coming from?
Disappointed stockholders? I'm a disappointed stockholder, but I see no reason to question the integrity of the principals at PPHM. The difficulty of bringing a radical new therapy to the cancer and viral arenas are real enough. PPHM has come a long, expensive and circuitous route, but it does have something in BAVI. It may not pan out, but I don't believe it will be due to sinister forces. This a hellish financial environment and the difficulties of fighting cancers and viri are daunting.
We really don't need the 'advice' of these wantwits. They have yet to tell us anything we don't all know too well.
Paul
Clearwater2, if you are going to repeat what you don't understand, what exactly are you contributing to this board?
If you took accounting 101, you would know that a R/S has no affect on a balance sheet. Sorry, if this fact is not consistent with your ageda, whatever that might be.
Paul
As a retired CPA, I believe I can confidently say that a R/S will not improve the balance sheet at all. It would have no impact whatsoever on the balance sheet. What are you trying to say?
Paul
While the financial situation does indeed look bleak, the Bavi
clinical data looks extremely promising.
If the Phase II studies continue looking this good, we can at least entertain the hope of a buyout for something more than $1 per share.
Now back to the continuing discussion of management incompetence, the impending R/S and the terminal financial melt down of PPHM.
Paul
Anyone have a clue what Thorpe's last minute appearance at the Mayo's Angiogenesis meeting might mean? Why at the last minute? What,if anything, new did he have to report?
Paul
Wildhorses, OT.
Thanks for your post. It was very well-written and I suspect accurate. I never cease to be amazed by the number of these ninnies and their prodigious output.
I'm am in this thing until the clinic tells me to cash out(with whatever cash is left).
Good luck to you and all of the non-ninnies,
Paul
Lafont, I have visited this board since its inception. It appears to me that the clear majority of the postings reflect not frustration with but hostility to PPHM. Is this your take?
I can't imagine anyone could be so hostile to a company and continue to hold stock in it. Do you think they do? What is the point on poking a stick in a struggling copany like PPHM?
Thanks,
Paul
Roger1, I never heard of this either. Unless confirmed elsewhere, I suspect this is more disinformation.
Paul
Clear, thank you for your meaningless blather. We are done.
Moderators, I find your haste in deleting my responses to the scurrilous output of Clear and his ilk unseemly. Does not responding to these wretches constitute a public service?
Paul
As an investment PPHM has not yet proved a winner. However, it is gratifying to see Thorpe's preclinical work as shown in the patent applications helping patients fighting a deadly disease.
Amazing to follow the process. Expensive, but amazing.
Paul
Volgoat, if you are right about the R/S, your are a prophet. And, all longs will profit handsomely. At any rate, I like the cut of your jib.
Paul
Given your assumptions there is nothing wrong with your calculation. However, during the last CC I believe management stated that they believed they had funds to operate till mid-2009. I take them at their word, until other information contradicts them.
As my handle suggests, I have held and added to my supply of this stock for a long time. I'm a little sensitive to incorrect negative information. The very real difficulties PPHM has are tough enough without "embellishment" ala the R, J, J, C men.
Paul
I believe your cash forecast is not very accurate. What leads you to say that PPHM has only 3 months cash left?
Are you one of those posters of distorted information pursuing a nefarious agenda? Geez I hope not.
Paul
Thanks, EZ. Do you believe this will buy PPHM more time vis-a-vis the need for a RS?
In any event it can't be bad news.
Lafont and Volgoat, thank you for attempting to put the comments of the PPHM detractors in perspective. The quality of their abuse seems to have fallen off lately, but they do keep at it, don't they?
I hope that we have news this week of such a nature that the naysayers will have even less ammunition to throw at PPHM in its time of greatest stress and promise.
Paul
This is life in the big city. PPHM needs money. Noone is going likely to give it to them under favorable terms. Apparently PPHM is still too speculative for deep pocketed suitors. Additional investor money is needed. If it takes a PIPE, it takes a PIPE. I don't like it, but I can see the business necessity.
If the anti-PS platform pans out, new and old investors will make money. If it doesn't, who will buy the new investors bargain basement shares at any price? Noone. Everybody loses.
The fact that PPHM has arrived at this position certainly can be seen as a management failure. It may be a management failure. However, if you plan to hold this stock, I suggest you get over it. Obsessing over it will not change anything.
Paul
I too have done the "math". After the expected RS, current shareholders will still own 100% of the company. If post RS, PPHM sells more shares, I will be free to buy them. I may even maintain the same percentage of ownership I currently enjoy.
IMHO PPHM only does a RS as an upleasant, but necessary, step to continue to bring the anti-PS pipeline to the point where PPHM can sell itself on attractive terms. A RS would not the end of the world. It is the beginning of another phase. It may lead to success for shareholders, it may not. Conspiracy theories typically say more about the theorists than they do about realtity.
I suggest those of you who "have done the math" and arrive at such dire conclusions hold no advanced degrees in math or business. If you don't like what you see, look elsewhere. Sell and invest in places more to your liking.
Paul
Suggestion to moderators. If a post is deleted, an e-mail could be sent to the poster giving an explanation. Or a tab added to the board to store such posts along with the explanation for their sequestration.
Paul
KT, thanks for you unflagging efforts to put PPHM related events into a meaningful context. The unreleting efforts of the misguided to distort the meaning of these events makes your efforts valuable IMHO.
Paul
You know the fabulously wealthy Mellon family made their fortune during the great depression by following the one word mantra - BUY. When things look the bleakest, if you have the cash and the nerve, BUY.
Keep smiling,
Paul
Sadly, you are correct. Those who have no interest in the promise, scientific or financial, of PPHM have done an efficient job of ruining what used to be a informative board.
Hope you have good reason to return some day soon.
Paul
I believe this month we will hit the six month point on the Georgia Phase II Bavi AC trial. We really need good news from this trial, don't we?
Paul
Who cares what any of you voted on the proxy? The large share holders, whoever they are, always vote with management.
Now that the pps is trending up, we'll see who has an anti-PPHM agenda are. They must really find this irksome.
Paul
Cotara is now a side show. Bavi is the future for PPHM, if there is one. Keep your eyes on the prize.
Paul
PPHM will succeed or fail based on its clincial trial results. If PPHM works significantly better than the SOC, BP will buy it. Some will make money, some won't.
PPHM will muddle through financially, one way or another, until the trial results come in. Management will doubtless do their best to fund the company as painlessly as possible. However, if the trials fail, they will be looking for new jobs.
Trial results are the only thing that matters. Everything else is just noise.
IMNSHO,
Paul
Can't blame you, Al. Maybe lightning will finally strike Tustin and they'll make a deal that will boost the sp back over a dollar and save us all from a RS.
It is heartening that the sp has not dropped after the cc, which as usual didn't provide the kind of news we really need.
Our suffering continues,
Paul
Dogster, I feel your pain if you are way upside down on this stock like I am.
However, there will be no new management. There is no time or money to obtain new management. What you see is what you get!
Scary isn't it?
Paul
I just have one question for the CC:
In view of the share price, the in progress NASDQ de-listing, and the not-too-distant exhaustion of operating funds, how exactly are you going to save this promising company from extinction? Please be as detailed as possible in your answer.
As anyone who has read this board probably knows, I really want PPHM to succeed. However, things do not look very promising at this moment.
Paul
Charlie, they will take questions:
Peregrine's senior management will discuss financial results for the first quarter ended July 31, 2008 and will review recent operating highlights. A question-and-answer session will follow management's discussion. All interested parties are encouraged to listen to the live conference call or the archived webcast.
I viewed as PDF and searched for phospholipd, but came up empty. What is the PPHM connection?
Thanks,
Paul
Interesting point. This would be an excellent question to pose during next week's cc.
Seems very quiet here. Everyone waiting for Tuesday.
Paul
Jakedogman. Why don't you celebrate the fantastic bargain that PPHM represents instead of pointless complaining?
If PPHM has the goods, we will soon know it. If it does, these penny stock days will soon be a fading image in our rear view mirrors.
If PPHM does not have the goods, then all the nattering nabobs of negativism won't have PPHM shareholders to abuse anymore. Talk about a lose-lose!
Stay tuned,
Paul
Thanks for today's informative posts. As long as posts of this nature continue, we can be sure PPHM is alive and well and soon to be a stunning success.
Paul
Can we assume the last sentence was added in response to the concerns expressed here, or is this boilerplate language?
Sad to see a company with so much promise in such a perilous state. It's always darkest just before the dawn? I hope so.
Paul
Heh, Slippery, once all the dots are connected, where will they lead?
Thanks for reminding the board that it has been a long and not-very-direct path from the frustrated hopes of the radiation based early products to the amazing development of the anti-phospholipid platform spearheaded by Bavi. PPHM has run through a lot of money and lot of disappointed investors. Wouldn't it be amazing if the dots lead to a happy ever after ending?
Paul
Maybe the 34 cents a share is the most fantastic bargain in the history of man. If it is, those of us who actually own shares will be rich.
Paul