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Not reverse splitting is NOT IN THEIR BEST INTEREST.
And the "We will bring on another board member after BAVI is approved" ruse is yet another despicable tell of how these rip-off artists roll.
This is corporate governance turned on its head.
Perhaps if you employed a wake and bake strategy it would be.
Thing aren't looking favorable at the moment.
It is looking more likely that King's plan is to hide under his desk until the RS is announced and pray that he isn't met with a shareholder riot in the parking lot afterwards.
What are they to do now...start making calls to outfits they told to go pound sand previously and say we are ready to deal at the 11th hour?
There are a tsunami of lawsuits headed their way in the event the RS goes down with the likely outcome all but certain thanks to what Chey posted a few days ago. Breach of Fiduciary Duty seems easily provable.
I'll bet they aren't sleeping well these days.
Perhaps they pull some unforseen miracle deal at the last minute...it defies logic though. I would love to see it happen.
+++I doubt a RS is planned now
They'll tell you black is really white...
The moon is just the sun at night...
The world is full of KINGS and Queens...
Who blind your eyes and steal your dreams.
I have carefully constructed an all inclusive list of the various "avenues" that have been exhausted by management in an honest attempt to get the share price above 1$....
Feel free to add to this list in the event I have missed something:
1.
2.
3.
4.
5.
I have a better senerio...King announces he is stepping down as CEO, Lytle announces the ATM is shut off indefinitely....and they are fielding buyout offers to the highest bidder.
I doubt they have any showstopping announcement in the works. The 30 days was very likely a courtesy via the nasdaq for management to formulate a palatable " we tried" sob story.
Hasn't this nonsense gone on long enough with these clowns.
Put this technology in stronger hands, let's get this show on the road and see if PS can actually benefit people..
besides the lamprey pod better known as the BOD.
King et al have clearly squandered their opportunity.. ..now they are just wasting time.
+++A partnership with a real company where we actually receive money. This has happened exactly zero times in the 35 year history of PPHM.
IF we actually became aware of all the partnership offers that this group walked away from over the past half decade that brought us to this juncture...I suspect folks would be livid.
It would be even nicer if Lyttle could purchase a clue and turn off the ATM during this "moment of truth" window of opportunity and allow the price to appreciate without dragging the never ending dilution anchor along for the ride.
I would be all for a reverse split if it would be accompanied with King's resignation.
Time to fish or cut bait Stevie boy.
"These things take time"...said our stud deal closer that was brought in eon's ago.
Sheesh....
Now only if our management team would start performing "as expected", we might be onto something.
One would think the lawsuit outcome would serve as a Mike Tyson right to the breadbasket to abandon their self serving ways.
What exactly is it going to take?
+++PPHM could be Genentech right now under qualified leadership.
That "truth bomb" hopefully will hit its intended target.
The current debacle of multiple trips to the NASDAQ principals office sporting a dunce cap is getting a bit old and counterproductive.
28 days left to fulfill the partner of the exsomes platform in first half 2017 bold proclamation....what are the odds they fail to produce again?
Shareprice he11 doesn't happen by accident.
The intellectual dishonesty of deliberately ignoring the elephant in the room "problem" with this scene is epic.
Risk free reward for failure is the PPHM way unfortunately.
Nobody ever gets fired.
Last reverse split the battle cry was:
==> "We need to get the share price up to attract institutional investors"
and
==> "Those new additional shares will used as part of the partnering deal that is on the way"
Spot on prognostication.
Achieving "Double Secret Probation" status with NASDAQ will likely warrant stock option grants for all management accompanied with accolades via their fan club.
The question then becomes, what productive endeavors result from the temporary stay of execution?
The current game plan is failing miserably. Another half year has gone down the drain...no real trial progress and no jack to run them.
Agreed...the investment community has been rope-a-doped a few to many times at this juncture to speculate on potential positive developments.
A real meat an potatoes partnership announcement is all that will suffice now in materially moving the share price.
The volume indicates a partnership is not in the making unfortunately....and there sure as heck isn't a bidding war going on behind the scenes for the PS platform...10 years + and counting...there simply are no takers regardless of the countless links and articles that are posted on this thread. Perhaps the skunk BOD scares away any potential suitors. What else could it be? All indications give the appearance this company would be a prime target for a partnership if not a complete buyout at this time.
King can end the shareholder misery in an instant. I would guess NASDAQ made the extension contingent with ending the country club BOD arrangement.
This nonsense has been allowed to go unchecked for way way to long.
Sleepless nights for the BOD as a result of the extension demands would be a beautiful thing for shareholders.
I believe the rape and pillage party is now over for them.
One can hope.
Tampa....I normally follow your logic and agree...but there is virtually no issue with losing their listing on NASDAQ. The question becomes, do these guys have the audacity to reverse split, with all this company has going for it and look at the investment community and shareholders...teary eyed... and say, "sorry" we tried as hard as we could or...do they finally decide to do the right thing, partner and take a back seat.
That nice warm bath tub environment they created by design is gonna really be hard to invoke a self imposed "plug pulling"....if you know what I mean.
It really is quite a quandary for management if they have an ounce of self respect.
Happy Friday.
One can only hope that the conversation at NASDAQ quickly gravitated towards the committee saying something to the effect:
"Look, we see this self serving scumbag corporate structure you have going on, what are you going to do to finally clean it up?".
+++Which business plan?
What exactly is their business plan?
Zero trials, no money for trials and the "Cone of Silence" corporate communication strategy.
Fantastic.
+++They are supposed to be partnered on exosomes by the end of this June (1st half, 2017).
Be looking out for the Tustin CEO with the really long nose at the local 4th of July fireworks.
+++And the IP is valued at zero? The collective market cap of the pdl portion of the five players has got to be over $100 bil and with IP smack dab in the middle of the I-O contest/war, there is zero value for the PPHM IP?
It is an ongoing atrocity that solicits a collective yawn all while diluting at ridiculous share prices.
Week after week, month after month year after year.
I doubt King Meatball could secure a deal for some pot if you dropped him in the middle of downtown Denver.
+++Begging?
Only retarded CEO's end up in the NASDAQ principal's office.
Results would have prevented this waste of company resources.
The upside potential has already been crushed even if they sign a partnership tomorrow.
Do the math with 300m OS.
Chey...
You me and the rest of the longs have fallen victum to the same fate and fatal oversight when accessing this investment.
Even a one eyed horse can make it to the Derby and compete...but notice it did not have a 400lb jockey.
That is fantastic. Not certain as to what the margin on that contract is. Unfortunately, AVID doesn't operate as a stand alone business.
While the expected expansion announcement is good news, it won't save current shareholders in time....not at this dilution rate...King needs to ink a partnership. Everything else is basically background noise at this point IMHO.
And....if there was a serious partnership discussion going on regarding this testing kit...the share price would be well above a buck and the volume would be multiples of what we are witnessing on a daily basis now.
High probability that nothing behind the scenes is going on regarding that expectation....leaks are always indicated in rising volume and share price ahead of the announcement / consummation of a deal.
But hey...at least the new high tech Slurpee machine is going online...unfortunately the I/O combo trials are but a pipe dream since the company is essentially broke and is content with existing hand to mouth.
No hurry. These things take time.
+++Where is the exosomes deal by the way?
Was it true that King said this would be partnered end of 2nd qtr 2017?
Steveokio's nose will have another "growth opportunity" come July 1st.
Let's hope he can finally come through and do as he says.
You beat me to it...I was going to say why not a nickel a share.
Unfortunately, we have a front row seat to another myspacedotcom senerio playing out in realtime with each passing day.
The go it alone philosophy is a one way ticket to continued disaster....except for the human lampreys running the company....the 10 year stock chart is all the evidence needed.
I would much rather prefer discussing the progress of the droves of ongoing I/O trials with a well funded competent partner.
These guys are holding hostage the true development of this technology for their own benefit until proven otherwise via a partnership.
A constipated snail on Quaalude's would move faster towards partnering this technology if the real desire was present.
What exactly are these meatball's waiting for?
Their fiduciary negligence has officially reached epic proportions.
It is almost May 2017 and we are still flopping around like a fish on a hot deck.
Bravo....you elaborated the quagmire shareholders are held hostage by very nicely.
It shouldn't have to be this way.
Management continues to waste precious time with their selfish nonsense.
King wouldn't dare make a material purchase of shares on the open market with his own money outside of the ESPP.
He is more than ok to talk out of both sides of his mouth.
The company is way undervalued vs pawning the company off for chump change per share.
Did you fail to read how many shares were sold off last qtr?
I often ask myself...how could I have gotten so lucky to be stuck with this group running this company? We would have been so much farther down the road as it relates to share price and product development had anyone but this group been running the show.
What a tragedy.
They have no business advancing the platform a day more without a partner.
None.
Here is how I envision the "seperate" AVID exercise working:
They gather in one conference room for their scheduled meeting regarding Peregrine...upon the conclusion of that meeting, they all get up...start giggling and "high-fiving" as they head over to the second conference room to begin the AVID quarterly meeting.
Robber Barrens plain and simple...these guys are priceless!!!!
Nice post....it isn't the "horse" many here take issue with...but rather, the 450 lb jockey.
+++Anyone here would do the same thing.
Actually, the moral bankruptcy exhibited King et al far surpasses anything I could have imagined from a public company.
The vast majority of posters on this board who hold shares would not, in my opinion, consider doing what these freaks continue to perpetrate on the "owners" of the company.
How they walk around the office not wearing bags on their heads like the unknown comic is beyond comprehension.
They are simply shameless at this point.
Yep...we have a front row seat to an American Greed episode. 2 reverse splits, everyone keeps their jobs...bonuses for all.
Perhaps King can squirt a few tears as he explains that he did everything possible to avoid the RS.
The observation focused on the RS topic not PS.
Hollow words vs diametrically opposed actions... with a cheering section.
Only at Club PPHM.
We watched Cotara die on the vine because of slow progress. Remember NIABTT? We passed off the platform for them to limp it along while we cried poverty and lost so much valuable time. I still believe Cotara's utility in fighting all solid tumors as first advertised...but now we will never know.
It just seems we have a front row seat for another repeat performance with the Bavi saga unless they make a deal "yesterday".
Wasted potential because of greed and stupidity doesn't sit all that well with me.
What exactly are we going to learn that will magically produce some breakthrough understanding with the current trajectory we are on now?
I just don't see it. Partner now and let the big boys develop it.
Enough is enough.
The dilution experienced last quarter is in direct opposition to the "spoken words" of management. What they say publicly about pretending to care to avoid a RS is laughable. It is all to give a half baked appearance that they "tried"... which anyone with an IQ above their shoe size knows is absolute BS.