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"Again, Richard Hancock would not have stepped up to the plate if he did not think there was some real growth potential here with Avid."
I don't get why you think that his stepping up is some great positive indicator for the future of CDMO? He was on our board. They plugged him in when Lias bolted with no warning at all. What else were they going to do? He will be replaced soon. He is a placeholder and nothing more.
I like the makeup of our current BOD, especially in comparison to the last batch of criminals, but Hancock taking over until a permanent replacement is found is no big deal.
"He felt orders could be doubled in a fairly short time frame, and that this would be a billion dollar company within 5 years...$10 to $12 within 12 to 18 months...$25 plus in 3 to 5 years. He personally knew of new customers waiting to come on board! This was a no brainer apparently!"
Was this private conversation information. I only remember these numbers as projections on this board.
I think the new crew has been in charge closer to twelve months.
What would lead you to believe that the ip or the patents(which we didn't own) had any value? Their success in the multiple trials that they were in?
This company will live or die on the growth of sales. The current year will be up about $10m in sales from the previous year. The previous year bogusly moved $10m from the prior year to get an artificial $55m in sales. Sales in previous years were derived from 2-3 customers. Our base is expanding. I believe that our sales will expand and we can reach a mc of $1b-$1.5b or $20-$25 in pps. This would have never happened with the old regime. I could certainly be wrong, but what I am sure of is that we would be sub $1 right now if we went with the status quo from the old crooks.
The company is doing what they said they were going to do. Somebody show me different. They never promised profitability this year. They gave a revenue estimate and they are sticking with it. More institutions are buying in. No problem here. Way better than the old band of thieves. Let's check in with CP and see what he thinks. Chuckle.
Did anyone here got to the ASM and gaze into the eyes of the current BOD? That tool was such a wonderful barometer of the integrity of the prior BOD.
A new theory/accusation. CDMO and their staff are not earning these new contracts, they are being handed to them because the BOD gave away that always successful, multi-trillion dollar Microsoft of biology drug, Bavi for $8m.
You just can't make this stuff up.
I agree that most long term investors here, myself included, were fooled by the corrupt prior BOD into thinking that Bavi was worth something. As it turns out, it was not worth much of anything. It failed every major trial that it was in. We were duped. Reality has set in more so than "settling" for $21 or $3 presplit. I am in the black for the first time in years. If it gets to $21, which I think it can, I will have a triple. I consider myself very lucky.
The old BOD were criminals. The new BOD wants the price to go up as they are aligned with the shareholders. There is nothing that they can do to convince you that they are not crooks. Others feel the same and it's hard to understand. Why? Because they "gave away" Bavi. It's junk. If it ever does have a use we will benefit from it.
I don't see CDMO getting to much more than $20-$25 as that is all the capacity that it has after expansion. I suppose it could continue on and expand some more, but I think it will be sold at that point. Looking forward to it.
I know, I'm being fooled by the current hedge fund controlled BOD. Bavi wasn't taken to Sotheby's and sold in some grand public auction. Nobody at all knew it was up for sale and it was secretly sold off to Oncolgie who will certainly makes trillions from the Microsoft of biology.
I still feel good.
How much would you have had to have loved the old board of criminals to consider the current board puppets and hedge fund fronts. Kind of sad.
I don't see it getting much higher than $20 or so and that would be after expansion or the start of expansion. Bavi will provide nothing to the pps ever, I'm convinced of that.
CDMO could get to $20 on it's own but 6-9 months seems pretty optimistic. It would be a triple for me so I'd gladly take it. After 10+ years with the crooks at the helm, I consider myself very lucky to be up even a few sheckels right now.
There is definitely a cap on this stock, at least in the mid-term, and I think it is $20. At that point a sale would be likely.
The share price is going up for a number of reasons in my opinion. There doesn't need to be some made up alliance with every fortune 500 company in existence or every bp that has ever walked the face of the earth. Those fantasies have never had any merit and I would caution any new investors here to be careful who you listen to. That silliness has been going on for years and years. Never a single follow through. It has become a really bad joke.
The sp is going up because the new, honest board is following through on its' plan. We no longer have three criminals running the show, looking into investors eyes and stealing from them. Has anyone looked into those lying eyes in the past six months?
CDMO is now a real company. They are getting price targets and analysis from legitimate firms. If they can reach capacity they should get the sp over $10 per share before expansion.
It's a new day. Share price increases no longer are built on a dream and a lie, whether from the BOD or posters.
"Where and when did you find reference to Carlyle Group, and any relationship it might have with Oncologie and its CEO?"
No such reference exists in the real world. Shocker.
It would appear that EastCoastGuy is "in" on it. Another "Family" member. Is there no end to this? The conspiracy grows and grows and grows. Somehow the government must be involved. And the Russians. How Sotheby's or Christie's wasn't involved in the auction process of this ip is beyond me. Nobody in the world had any idea that this ip was up for grabs. Criminal.
BRING BACK THE OLD BOD! WE NEED PEOPLE WE CAN TRUST!
King at oncolgie. Now that’s funny. I guarantee they have no use for him. They have real scientists. He is a clown.
I'm looking for something similar but I'm not sure we can get much over $20. I think once we expand, our capacity will not be more than $200m per year. I'm not positive about this, but that's what I recall.
Obviously I expect absolutely nothing from Bavi.
Thanks ElSid. I bought some shares in the $5.40 range that I was going to flip at $5.60 or $5.70, but I decided to wait to see if you were right. Glad I did.
Any price appreciation now and down the road will be due to Avid's CDMO business. Bavi is no longer a factor at all.
$40 would be a market cap of almost $2.5b. I don't think they ever get there. They will sell at a little more than half that if we're lucky. Maybe $25, and I'll be happy to get it.
Where are the financial statements?
Recall that $10m of last years revenue was bogus. Pushed into last year from the previous year so there wouldn’t be a 33% yoy decline. Hijinks from the old bod
Bavi was erroneously linked to hundreds and hundreds of companies on this board, both biotech and non-biotech. What a farce that was. Bavi will never produce a penny for anyone. A startup took an eight million dollar flyer. Best we can hope for is to make a little scratch producing Bavi for any tests they want to throw away money on. We were taken for a ride by a bunch of crooks. What do you think CP? Chuckle chuckle.
It will be interesting to see if the run-up this past 2-3 weeks will survive the conference call and audited financials. It never has in the past but, like I try to keep telling myself, this is not the same company.
I think Janney knows something and we will be ok.
We'll see.
Any date for cc next week yet?
All of these things would lead to the removal of the Going Concern. That would be nice.
That's incorrect.
Eventually people will realize that they no longer own PPHM, a scam run by scumbag penny stock hustlers, despite what many believed for years. We now own CDMO. The book is certainly still out, but I am much more optimistic. Interested to see if they get rid of going concern.
Already done. There will be no bump from Russell inclusion. Seen it before.
I could be wrong, but I don't think CDMO has the capacity, or potential capacity, to come anywhere near a billion in annual revenue. I think the best we could hope for with expansion is the 200m range.
I did ask Dr Benjamin. She said that wasn’t the case at all.
"....funny how Dr Benjamin had access to research data over other industry players that were not given an opportunity to bid openly for an IP deal with Peregrine Pharmaceuticals and likely would have given us a much better deal than what was agreed upon but not even fully revealed to shareholders yet.
Opinion/fantasy.
Looks like they got another one to get in on the scam.
Sell the failed science for peanuts and then run the remaining business into the ground while holding millions of shares. The oldest scam in the books. How can anyone not see it?
Nobody has never explained to me why somebody who owns millions of shares wouldn't want the share price to go up. It just doesn't make any sense. What do they gain by not letting the company succeed. Apparently they already received their secret billion dollar payoff from "giving away" the extremely valuable and game changing ip. Why would keeping the share price down of the remaining business be a wise thing to do?
Really hard to follow this.
These are not the scumbag criminals who made millions running PPHM into the ground at the expense of shreholders. Tough mindset to get out of apparently.
Additionally, I am 100% certain that nobody on the old BOD is involved with Oncologie.
Who told him to do whatever? Is there any proof at all of anything at all that you seem to be alleging? Could it be all made up?
Thanks, good info. I don't see any additional bump from the Russell inclusion. I think we will settle in the $3.50-$4.00 range.
I'm curious as to what it will take for people to believe that the removal of the old BOD and the dumping of the failed ip was done to acquire an asset in a growing industry and attempt to make it successful? Not everything is a scam. There is too much of the old BOD mentality. They dumped the ip on Oncologie because nobody else wanted it. Pretty simple. Personally, I don't think anything will ever come of it.
Maybe I'm just on the rebound from my complete disgust and distaste for the pieces of garbage criminals that made up that old board. I would love to see them get what they have coming to them, but I don't see it happening through us. They stole millions from us and they got away with it. It's over.
CDMO is giving me a chance to get all of my money back and maybe get a three of four bagger. I'm grateful.
For the first time in years I feel like I'm invested in a real company. A company whose management and BOD want the share price to go up. We have to get out of the mindset that we have had for years that the company is run by a bunch of inept criminals. It no longer is. CDMO is not PPHM. I like what they are doing and I'm optimistic that in a couple of years the pps can be in the $15-$20 range.
Many hate the new regime and look at them through the lens that they came in to steal the ip. I don't agree. I think the ip was never proven after hundreds of millions were spent on it. What were the options? Keep the old crew in place so they could take more and more money out personally while continuing to dilute to run some more doomed trials? We would be sub 50 cents right now.
We have some people in place that are trying to turn this into a real company in a growing industry. I couldn't be happier. I had written this entire investment off.
I would have liked for them to announce who the new customers are but either they or the new customers didn't want that. I can live with that.
It is going to take some time, but it certainly looks like they are trying to turn this thing around and make it a successful company. My guess is that once they do, they will sell it off. Hopefully for $1.5 to $2 billion.
The last time they mentioned a contract win they got slammed because it wasn't for a big enough indication. These guys can't win with some.
I'll be interested to see if they are successful in getting rid of the going concern. They have two and a half months to do that. That would be a big step but I'm not sure they can get it done in the time they had, basically six months.
You forgot the part about how they got rich while they "wasted a lot of shareholder money."
Please explain to me just one time why bp would want ps targeting dead instead of just buying it cheap and owning it.
Is it really that great after failing all of these trials that bp is so scared of it that they will dedicate years and years trying to keep it down both legally and illegally? That makes sense to you?
It makes zero sense.
No interest at all in researching that single alleged incident. I'm sure it's apples to oranges to what transpired here. Penny stock hustlers pushing a failed drug to collect millions of unearned compensation. Backed by many who claimed for years and years that bp was keeping us down because bavi was a miracle drug that scared the poop out of them. For some reason no bp wanted to invest a piddling amount of money to own this drug, they would prefer to collude with other bps to keep it down and even go so far as to commit criminal sabotage to the harm of millions to keep bavi from succeeding.
It's an age old story. Happens all of the time.
Way more realistic than bavi doesn't seem to work, as all of the trials suggest.
Explain to me again why a company would fund another company to purchase promising ip in order to kill it, as opposed to purchasing the promising ip for what amounts to the change they could find in their couch cushions?
Could it be that the ip that has been around for well over a decade has never proved to be worth anything?
Just kidding.
Yes, and thank God. We would have gone through another reverse split by now. Worthless ip controlled by a bunch of criminals. Oh, the good old days.
If you consider two years the not so distant future, then I agree.
"This company" has been around for less than three months. There are no penny stock hustlers running "this company". "This company" will never get a drug approved. That is the only thing "this company" has in common with PPHM.
Agreed. The current crew running the place hasn't done anything to change my thinking that they are a million times better than the previous criminals. I never expected a turnaround in weeks or months. We are now are real company. Many were wrong about the previous company. It obviously hurts.
Nice to get coverage by a real firm. If they can execute on their plan we should go much higher from here. This is not the old BOD. These guys want to run a successful company and are capable. It's going to take a little time to get things going. First step is a zero cash burn and removal of the going concern. Hey, it turns out that's not something they look at on a quarterly basis after all. Who would have thought that? Oh yeah, me.