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So you are fine with the current BOD wasting shareholder money in an attempt to keep their high paying jobs?
Great, more shareholder money wasted. Scumbags, just get out already.
Ronin is not an activist hedge no matter how many times you post it.
You are wrong.
Well done Bidrite and indisputable. STICKY.
No it isn't.
Heard it from Tustin. Ask them yourself.
So you consider selling shares at forty cents to protect their paychecks a good thing. Unbelievable. Also your timeline is all wrong as is the amount of cash they received.
I looked up Derek Schwartz linked in. He is a grocery clerk in tupelo Mississippi. I can't believe he is on th pphm bod. What a travesty.
Absolutely hilarious. Close enough I guess. Too funny.
That makes complete sense and I believe it to be 100% true.
Wipe and burn. In that order.
They were looking into selling Avid. Ask them. I'm not inclined to type up page long posts in response to people who I don't believe are being serious in their anti Ronin stance. Either they are not shareholders or are just trying to get a rise out of people. Pretty obvious with a couple is mis guided exceptions.
You are wrong.
I know people that aren't in my family.
I recommend voting for the crew that gave us the DIOS deal. They're trustworthy.
"show them RONIN doesn't dictate how PPHM runs things."
CP, this may be the funniest thing that you have posted yet, and there is some very stiff competition.
PPHM was trying to sell off Avid, now they are only AVID - Because of Ronin.
PPHM has refused to add anyone to the BOD for years. They have now added three to the BOD - Because of Ronin.
PPHM holds the AMS meeting every October. None scheduled to date. Because of Ronin.
Ronin has dictated how PPHM runs things for almost a year. Pretty obvious.
What are you talking about? My post was about keeping King in charge of a CDMO simply because of the bang up job he did in advancing the science. Not sure why you went back to your flawed argument of Ronin selling for way less than it is worth simply because he wouldn't want to make the largest profit that he could.
My question to you for the third time then is why didn't the current BOD defend themselves if the "accusations" were not true?
This would be your opinion. Please do not tell me again that because they didn't defend themselves you are against them. I do not believe it and I do not care.
WHY did they not defend themselves in your opinion.
The obvious answer that you do not appear to agree with, is because everything Ronin said is true and their is no defense. That is what I beleive.
I am asking what you believe. Again.
Have you been paying attention? No matter who "wins" the science is being sold or licensed off. We will no longer be a failed R&D money burning factory. We will be Avid. So despite the fantastic job that King has done for the past 15+ years in advancing the science, he will be left to run a CDMO if he remains. Not for me thanks.
I assume you are coming up with the Ronin are con men theory based on their history? Or perhaps you have had personally dealings with them as their history certainly doesn't support your theory.
So your answer is that all of Ronin's "accusations" are true and that is why they went undefended.
And you want these people to select our new BOD?
"after RONIN's hostile attack on their reputation"
CP, do you have any guesses as to why the current BOD never defended themselves against "RONIN's hostile attack on their reputations"?
The most obvious and true answer is that their is no defense as everything that Ronin stated is true, but I know you don't believe that.
Why else would they not respond upon being "attacked"?
Of course they're real. We've all read them and remember them as well as many more.
I want nobody that was proposed by the three thieving scumbags to remain. You do. Simple as that.
Schwartz, Pohl and Johnson are scumbags and thieves, so we want them out. Replace them with people recommended by the three scumbag thieves. What could make more sense than that?
Ronin is not an activist hedge fund. Or a duck.
So what you're saying is to vote the white card but leave ES, DP and CJ off of it. I think I have it now.
CP, why do you think ES, DJ and CJ haven't defended themselves against Ronin's letter.
Make a guess if you don't know. Put out an assumption.
"Why isn't that enough Avid investment while subscribing new customers?"
That's a good question. You should ask management why there will be a decrease in revenue this year.
Ronin is not an activist hedge fund.
Hey, no debt. 90% dilution but no debt. Whoohoo
I think it's the "quiet period" we are in because something big is about to happen. Lol
"The 42 million shares sold were to avoid a going concern and/or to fit up AVID III" - FALSE, they received the going concern again and put nothing into AVID III, it remains vacant.
Get on board. If there is light volume, something good is coming. If there is heavy volume, something good is coming.
"Something is coming"
If I had a nickel for every time I heard something like this here, I would be able to buy more shares than David Pohl owns, although that's not saying much.
There will be no legitimate deal with this current BOD in place. I promise you that.
It is my belief that some unknown family owns 50% to 60% of the stock. Too funny.
I'm pretty sure everybody understands your theory by this point. The large majority aren't going for it. Keep going over it if you like though.
You didn't believe king when he made a $50m deal with DIOS?
You didn't believe him when he so bravely publicly stated on two occasions that the share price was severely undervalued? He then sold off 10% of the company while not buying any shares personally.
This is not true.
Quote:
corporal, it has to do with PPHM.
We are under hostile attack by RONIN who was called an activist by CEO King.
Activist are ...
So it is certainly GOOD to know what TODAY an activist is and how they operate because RONIN dedicated a full pages in their PPHM ASM 2017 brochure to convince us they are NOT activist by telling us what "they claim" activists do and they do NOT do. Of course they omitted all the alternative that activist use to not do what RONIN claims they don't do and to hide in a more sophisticated way that they are activists.
--> RONIN does elect themselves to the PPHM BoD (no they NOMINATE 6 candidates for 7 seats to obtain an absolute majority).
--> They are concerned with Quality of the candidates BUT only their candidates are qualified, those found by other 3rd party companies specialised in find profiles are not good (yet all very qualified and experienced). Why? Because THOSE OTHER are not under RONIN's control and hence do NOT deliver 100% control to RONIN.
--> RONIN, just like PPHM, BOTH claim that they had NO previous contact with the BoD candidates BEFORE those candidates where nominated. Possibly but some other party, a 3rd party, might has well have made things clear because someone had to ASK such turd party to find candidates. That goes for BOTH RONIN and PPHM.
So conclusion, if RONIN wants 6 good candidates to RUN PPHM/AVID and as activists are NOT interested in full control but just good results, THEN 3 RONIN and 3 PPHM NEW candidates should DO. It wouldn't give them 100% control but it would remove DP, ES and CJ the main targets of RONIN and keep the team that got AVID winning 2+6 Awards, brought it 5 consecutive record revenue years, expanded it and we even more expanding it, in place. New blood, new ideas, new competences and new contacts in the industry.
BUT NO, NOT OK for RONIN. They need MAJORITY and now they also want everyone gone from the employees (at management level) that might interfere with there fast breadcrumb monetising of PPHM/Avid.
Quite ambitious for a shareholder that has been building the bulk of its 5%+ position only since H1/2017 and now is already profitable.
AIMO
Well said CP