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RE "$2.9 Billion is the deal Ronin group likely has lined up with Big Pharma for Peregrine assets"
So you're saying that Ronin can make a big deal but PPHM current powers can not. Wow, I didn't realize you were a Ronin fan! Good to know!
Newsflash, it PPHM had anything of value anywhere above the current market cap they would sign tomorrow to keep the obscenely overpaid gig they've clung to for far too many years!
It's not happening. It's NOT going to happen.
They got nothing. They know they've got nothing. They are finally going to get booted out.
No puzzle pieces required.
END of the PPHM story. Hopefully Ronin can negotiate a value slightly more than the market is pricing PPHM shares. That would be a "win".
If Ronin can run UP the stock price to say 14 pennies pre-reverse pre-reverse (2009 terms) that's ~$5 in today's terms, shareholders would be doing well to limit their losses at that level.
It's certainly exciting times in the science of PS!!
RE "$45/share is a complete and utter pipe-dream"
Yup. And the very sad truth is that is only $1.28 in pre-reverse pre-reverse 2009 terms.
A very real reminder that PPHM has already totally destroyed any chance of long term shareholders every making money.
I said it YEARS ago. If they had any sense they would have taken any deal that offered a percent of any future revenues in exchange for having Bavi development paid for by a partner. That would have prevented the abusive and destructive dilution that ruined this as a potential investment.
The management and BoD made uncounted stupid mistakes.
RE "Ronin et al may soon become irrelevant - but very rich"
Sorry, but not happening.
If PPHM believed Bavi had any value they would not have just had massive layoffs! They'd be signing a deal that would make shareholders happy and save their butts. IT's NOT happening.
There's no puzzle pieces, just really basic logic which has always worked whens summing up the reality of PPHM.
RE "Where does it stop?"
May get some support around $2.00.
And today may be the first day in the $2's.!
This is PPHM. NEVER ask how high it might go. Ask how low it will go.
Words to live by...........
Anyone think that support at $2 will hold?
That's the old 28 cents.
Or 6 cents pre-reverse pre-reverse.
At this point the trip back to $2 looks almost inevitable.
sorry guys. But this is what you get with shareholder value destroying slime that has no clue how to run a publicly traded company.
Hopefully that ends soon. Perhaps Ronin can get the stock back up a little. Certainly better chance with them.
$2 coming soon!
Remember, Realist said it would be like this.
Those reverse splits do work wonders!
RE "People better wake up and fight"
You're right BP knows everything, and like every other successful biotech stock, if PPHM actually had anything of value, the market would be skyrocketing the stock. Checked the chart lately?
It's always been true. If PPHM had anything that anyone thought had value greater than the current value , the stock would rise.
ANY BP could step in and buy (what you think is cheap) - NO takers.
RE "IF Peregrine announces a dividend"
Huh? a common dividend from a cash incinerating perennial dilution machine? Chances of that are 0.0000000.
Let's use a little logic rather than hope.
PPHM management/BoD has been sucking the life out of this company/stock for years, longer than a decade. I think we can all agree they would like to keep this cushy obscenely overpaid free ride they've had going.
So....to do that, they have to defeat Ronin. As Ronin has correctly assessed, shareholders will never vote the status quo in.
So...How does the current team stay in place?
They have to PROVE to shareholders that they can actually create shareholder value and they have a very small window of time to do that.
That means they have to make a value creating deal (if possible) and I certainly do NOT believe it is.
But what have they done?
Layoffs. That's their only card to play? Cut cash burn? Great, I'm all for reduced cash burn and reduced dilution, BUT it demonstrates very clearly that's all they've got. That it turn means there is no interest in Bavi. Why? because if there was real (CASH input) interest in Bavi the current team would jump at it so they could remain in power.
Interested parties? The kind that put millions of cash into the company?
Nope - obviously not or PPHM would sign on the bottom line to keep their positions.
As you said, nothing to see here.....
RE "a deal for $50 pps for all of Peregrine..."
Guess that's a "typo"?
Surely you meant $5 per share for all of PPHM
If PPHM had anything of value, a 3rd party would step in.
Anyone see a 3rd party? Nope.
There are two options:
The current team of complete failure and endless dilution and shareholder unfriendly self-serving slime OR
Ronin.
Take your pick! Easy choice.....
Check the stock quote lately?
This is what happens when Ronin does not continue to buy (support the stock). Going to get a lot worse between now and the annual meeting.
And if Ronin loses , they sell, and the stock is lucky to hold $2!
But pay no attention to what I say , I've only been right for about 13 years now!
Another PR, another vote of ZERO confidence from only one that matters - Mr. Market.
Finally (I hope) we can put to rest the issue of AVID.
It is NOT a growing business. it WAS (keyword = WAS) a growing business.
Growing businesses DO NOT reduce headcount, they increase headcount to handle additional business.
"Personnel supporting the Avid Bioservices CDMO business, a wholly owned subsidiary of Peregrine Pharmaceuticals, was reduced by 20% to 184 employees to align operations with the reduction in forecasted revenues."
Right from the companies own mouth.
Point 2: This is small reduction - too small - which is why the market does not like it. PPHM lost ~$13 million in the past 6 months.
The announcement is for about $7 million per YEAR.
That's approximately 1/4 of the losses.
Cash burn continues.
Failed team continues.
Dilution need continues.
Stock price decline continues.
Ronin is the ONLY hope.
RE "How will it look when Peregrine market cap adjusts up after a series of events, supporting evidence that details the necessity of combination PS Targeting in order to achieve maximum immune response"
There's been talk about PS targeting for a decade or more!
And the market has certainly "adjusted". ~90% LOSS of shareholder value.
Nothing is going to change....except:
1. More cash burn.
2. New excuses.
3. More shares outstanding.
4. More share price decline.
If Ronin can't force change at PPHM say hello to $2! (or less)
RE "market seems not to like Ronin"
LOL - Market will like it a lot less if/when Ronin leaves.
$2 (5.7 cents pre-reverse pre-reverse) may get here sooner than I anticipated.
Down and down PPHM goes, and where it stops nobody knows.....
How about another stock price picking contest?
I'll take one nickle LOWER than the lowest guess.
Another EZ win!
RE "statement by an MSK doc" & "anecdotal evidence that MSK know" & "accepted into the MSK fray"
That's a lot of "talk" about MSK!
Here's the FACTS: PPHM has PR'd MSK research.
Care to state what's those pre-clinical results have done for the price of the shares?
RE "Ronin doesn't have a better plan"
After decades of nothing but cash burn, reverse splits, massive abusive and unending dilution, and a ~90% LOSS of shareholder value, the current team staying in place in absolutely and completely indefensible!
The current teams plan have ALL failed miserably.
them staying in place in absolutely and completely indefensible!
Anyone's plan is BETTER than the current team.
Anyone.
Any plan.
To suggest otherwise defies logic.
RE "beginning to dig into Peregrines APP"
That's great news. Means maybe in 10-15 YEARS there may be the first dollar in Bavi revenue. Unfortunately at the current dilution rate there would be billions and billions of pre-reverse shares outstanding!
How about talking about something that could happen in the next YEAR?
Oh that's right, there isn't anything!
RE "What you are saying is inconstant with what the BOD is already doing to cut the balls off of Ronin and shareholders.
They are doing nothing but protecting there personal cash cow. "
And the shareholders are already voting!
Voting by SELLING shares!
Price down significantly since the PR!
RE "PPHM is to close"
The ONLY thing PPHM is "close" to is more dilution.
Maybe team PPHM can put out another "Strategic update".
The last one worked so well - NOT!
These guys can't fool the market anymore.
Ronin is the only hope and that hope is fading fast.
Adding to the BOD is useless, replacing them is the only hope for this post reverse split stock not taking the typical post reverse split dive.
RE "they would DOUBLE at 8.40$, TRIPLE at 12.60$"
Those prices are not realistic.
$3's is realistic.
Ronin has been doing what they can to maximize the price but even their skills (which are superior to PPHM BoD/management) have stock in the $3's.
$2's in a heartbeat if Ronin doesn't continue to fight for this stock.
That's reality, and nothing PPHM can do about it. When you've got nothing, you've got no options, that's why the reverse split happened!
AS ALWAYS the question anyone should ask when it comes to PPHM is NOT how high one hopes it can go, but how low it will go.
Ronin is like every other investor.
They've got winners and losers.
Very good entry point for them and their PR's juiced the stock.
Well played Ronin.
Nothing wrong with them trying to maximize the value of the shares they own.
RE "We desperately need a take over attempt"
Would be nice but NOT going to happen.
Why?
Because there has to be something of value to want to take over!
There isn't anything of value in PPHM.
Failed lab experiments (can't call it a business) and a flailing drug manufacturing business.
With endless dilution comes an ever decreasing stock price which means the longer the wait the cheaper it gets! No hurry here.......
"strategic update"?????
Sounds as lame as the "plan" to avoid another reverse split!
These guys are clueless.
But you do got to hand it to them - they sure know how to screw the shareholders!
Let's see.......3 new BoD means?
Oh nothing! The existing 4 can out vote them on anything and everything.
Hiring more employees - like a president for Avid.
Expenses going up!
Market says?...........Well obviously the market hates it.
In other words, they are keeping up their intact record of destroying shareholder value rather than creating it.
RE "We are working with researchers at some of the leading research institutes in the world and have seen renewed and encouraging interest in the bavituximab program from influential key opinion leaders"
Blah blah blah. They do write some good BS in PR's!
Now for the reality check. How many real actual $DOLLARS$ is anyone willing to put into funding Bavi?
Oh..................nevermind!
As we all know there is a HUGE difference between "talk" which is cheap
and "Money" which never shows up.
Actions NOT words!!
But all PPHM has is a lot of carefully crafted words which only add up to endless dilution, multiple reverse splits, decades of cash incineration, and insiders getting very very well paid for failure!
If Ronin bails, this perennial garbage stock goes to the $2's.
Pre-reverse pre-reverse 2009 numbers:
11.5 CENTS per share.
OVER 1.5 B-B-B-B-Billion shares outstanding.
Well said. Since i can see the post it seems you have walked the line perfectly.
RE "most longs have come to terms with reality"
Except those which had my on ignore. LOL!
RE "12.9 cents/share pre-not-one-but-two-reverse splits."
Correct. To equate to 2009 terms requires a divisor or 35
and a multiplier of 35 to get total outstanding shares which are not in the 1 and a half BILLION neighborhood.
Yes, sickening.
These bozos destroyed any potential of long term shareholder getting profitable with their idiotic and endless dilution.
ANY deal way back when Bavi was still looked upon in somewhat favorable terms would have created a positive cycle of events rather than the negative spiral they presided over. Completely unforgivable.
RE "if the current clown set remains, the price will remain in the toilet"
Unless Ronin loses then bails, in which case the stock price will be FLUSHED down the toilet and deservedly so.
RE "Let's get their buy in up to $10 so they at least want to get the pps up north of $30"
Not gonna happen.
There's no justification for this stock being worth any more than the current quote. You'd think with Ronin having a good chance of taking over from the bums, that would be a stimulus for the shares, yet Friday it took a huge hit. Even with Ronin's actions (which are a positive) the market doesn't believe there's much of value here to justify much price increase.
$30? PPHM hasn't shown they have anything to get anywhere near that.
PPHM is wishes and hopes, nothing proven to have value. And the market Doesn't assign high value to "talk" about the next PPHM catchphrase that they hope might become something 10 years down the road after more nearly infinite dilution.
From the email "Unfortunately, activist shareholders are a reality for public companies today"
Lol - Unfortunately? Activist shareholders are a absolute Godsend to long abused shareholders of companies that are NOT shareholder friendly!
Thankfully there are shareholder activists which instigate action to actually create shareholder value!
Shareholder value as opposed to insider greed and selfishness.
RE "by dropping his shares on the market and killing the PPS for a while."
Glad we agree on this.
No shareholder would vote for their stock to go down.
Voting Ronin is the only way to preserve the recent bounce from oblivion that Ronin created for PPHM shareholders.
Ronin has ALREADY done more to create shareholder value than team PPHM ever did!
RE "why Bavituximab works"
Isn't it amazing. A cancer drug that works and the ENTIRE world has been fooled into not supporting team PPHM and this stock! Amazing! Thank goodness a few truly blessed people here are able to learn the truth from your insightful posts!
Thanks you thank you thank you!
RE "RONIN already gave away that think Bavi has no value by claiming that, according their opinion, it doesn't work."
LOL, that's NOT a rephrase.
"worthless" or "no value" mean the same thing!
Ronin never said either.
Ronin did say that it failed trials - FACT!
Ronin DID say they want to monetize it.
You can't monetize something that's worthless!
Therefore Ronin did not claim it is worthless.
RE "the conclusion that Bavituximab doesn't work is wrong"
Contrary to all the data over the last 10 years!?!?!?! LOL
Besides, logic does not hold.
If Bavi works, who best knows that? Answer PPHM management/BoD.
If Bavi works they would be gobbling up shares like there's no tomorrow,
instead they are happy cash their outrageous paychecks and have essentially no equity stake.
Clarification "Lyttle saying "not in talks to sell a single share of stock" or
"2007 should be a great year for Peregrine" or
"exciting results" or
"we're in talks with interested parties".
1st quote was Lyttle others were SK. I should have been more specific.
RE "every time someone says "stop all development""
no wook, Ronin means stop all development that is funded from unending shareholder dilution. Bavi development is fine but let's get a partner to pay for it.
RE "there was no need to go so far with the failure of Bavi.."
It's NOT untrue or invalid to say:
1. Bavi trials have failed - it's a fact.
2. Bavi may have potential so it should be monetized to the highest bidder rather than more endless dilution to shareholders.
BOTH can be true.
Just because Ronin can acknowledge facts doesn't mean they assume it's worthless - and they never said that. Some people have made that leap of erroneous logic.