Peregrine management never challenged Feuerstien either, even after he called them "a shiddy enterprise". There have been many detractors and never once did they come to shareholders aid. PPHM now down 95%. See a pattern?

Take Peregrine, for example. "Shareholders" talked revolt, gave drop dead dates, almost daily chatter of impatience with management. And what came of it? $500 million up in flames over twenty years and still running. Chris wrote no less than four articles showering the company with praise, even given management's history. So where's Chris' critical article? Where are the shareholders demanding this crew step down? Neither exist.

....That's a big problem for the common investor today as compared to times past. The shelf, the shell, the packages, are all worth something to somebody, even without any real potential for commercialization and true profits. Like squeezing a sponge dry.

You people all seem to speak the same language -The one that always seems to leave common shareholders out in the cold. Where's the duty to them?

Then why doesn't the CEO just say that? Or is it better to crush the sp and sell shares for breadcrumbs while violating all sorts of fiduciary responsibilities? I asked the same questions over and over again on Peregrine with their alleged Plll. Turns out I was right all along and almost all the rest of the hope filled were plain wrong.

It wouldn't be released on a Friday night if it was good. That's just the way it is.

Beyond toxic. Used in ways never imagined. The SEC should be made aware. Where's that article?

This is a Friday night special.

I see. So nothing to do with being on the verge of insolvency?

Bounces up like this likely indicate more dilutive news.

This may indicate the end.

They tricked investors with this little bump up and then the depressing news. No way they let them off the hook.

You don't give gifts when news is on the horizon. Too much scrutiny.

So another thirty days needs to go by.

So just so I have it straight, you're saying management told you they were holding out for Bette roofers?

Could mean toward completion of rapping things up since it stopped recruiting?

Maybe "toward completion" is similar to "On track"?

Honest?

So you're saying management mislead but it's good to move on with no repercussions?

Very insightful post thank you.

From what read, you don't even know if the trial is running let alone finishing up! This is ALL material information.

That must mean I'm right.

Maybe but that's material information last I looked, and they just sold shares for 35 cents so...

Perhaps they mean completion of analyzing what little data they have? It's what Peregrine claims to be doing. They're spending heavy to get supposed sub group data, that we all know will be useless to any share price increase.

Look at PPHM, you couldn't try harder to keep them playing the winning game, in my opinion.

FiduciaryDoozy and I learned our lessons the hard way, believe me. At this level of investment there doesn't appear to be any rules on the books to protect shareholders from abuse by management. And Delaware law evolution really made it all much worse then when we first started out investing more than thirty years ago. Management now basically has a get out of jail pass for almost any offense.

Then you have government regulation, which I believe makes things worse too, as it lulls investors into thinking someone has their back when, in fact, it all becomes "pay to play". Think FDA in the name of research taking investors for every penny possible.

Naked short is a prime example. Government has done little while claiming to clamp down. It's really up to management and shareholders to fight it, assuming they are not part of it, of course. The destructive behavior has been around a long time now so there's absolutely no excuse for not countering swiftly.

If she really said that it sounds to me more like bait for short term longs than a condemnation of naked shorts. Please supply the entire quote.

I don't give advice only observations. Take or leave it as you see fit. As I've said, I'm no NWBO guru. Perhap there's something there but I doubt it. I spent my far too much time wasted on Techniclone/Peregrine, sadly. But I do spot patterns and I see many small cap biotech's using the same menacing playbook. Then I see you all ignoring the obvious. I'm constantly amazed at how little retail investors comprehend proper corporate governance and its importance. And then I watch Chris and others downplay and distract from proper oversight.

Good one. Snore.

So you don't think every wealthy investor out there wouldn't have a field day picking off hedge funds who blindly short just because they can? Oh please. Capitalism doesn't work that way. It always finds a way.

And I'll tell you this, if I were CEO/Director of a vulnerable public company, I'd be sure to find at least a dozen of those good folks for when it was necessary to step in. And I'm not talking about waiting around for a thirty percent haircut or far worse. Get real.

Only possible way this short scheme works is if management is in on it too.

These kinds of articles are outdated and ridiculous at this point. Where's the White Night...Too busy with the Clinton Foundation to know a steal when they see one? Come on already!

God bless Feuerstein, one of the true heroes willing to point out the unscrupulous behavior.

FiduciaryDoozy and I salute you, Sir!

And you shouldn't be so "silly" as to assume some past victims of previous cons might actually feel a duty to stand up for naive investors and try to stop snake oil salesman, effective or not.

Okay. Fair enough.

Chris, what about management in possession of material information, as you've laid out here, and still somehow able to sell shares at a huge percentage discount by your estimate?

Ahh...The old public/ private routine. Familiar with that one too.

I see, but Feuerstein is open season, right?

All these things you mention then management is in possesion material information. How could they possibly sell shares like they did the other day?

It would seem if one questions Chris' "enthusiastic" outlook, one gets deleted quickly.

Again you could've said that for many years about Peregrine too. It was the most read board and look at what happened. Boiler boys would be my guess.

"Great to see shareholders hold them accountable though. "

Same spineless folks as over on PPHM board. Just look was was done to them and they're still working on sending out a registered letter.

Chris, are you good with a lousy raise that pretty much guarantees no news for thirty days? Can't be any takeovers in the works or that'd be trading on material information.