if the BOD had more/better..."Wall Street" skills (respect), the MASSIVE dilution would have happened at higher share prices,
Well it is hard to dispute that if the BOD had credibility we would have better financing. After all since our BOD has no biotech experience(Beside SK) and the premise was that the ESTEEM BOD had financing skills (basis of hiring Carlton Johnson as COB,) yeah I know giggles. Throw in the fact that ES has his own financing company you would think knowing what he knows about the company he could pull a better deal than the ATM. OF course you are presuming that mgmt and the BOD know what we have and that they know we should be a $50 to $100 stock. (ASTRONOMICAL)
Throw all the credibility issues aside just imagine if Paul Lytle just wasn't inept in his timing of the ATM the dilution would be much better. Just last March he could have sold as many ATM shares as he wanted in the $2.75 to $3 range during the 60 million share trading days. That is even better than the preferred shares since you don't have to pay 10.5% interest over three years which effectively means selling shares at $2. The big question is why no significant shares were sold during this time. Was it because of the following?:
1. Paul Lytle is just plain inept.
2. PPHM never has to sell any preferred shares, ATM shares or any other shares in the future.
3. PPHM's buddies did not want them to sell shares to them at those prices.
4. PPHM will not sell any future shares below $3
5. Answers 1 and 3.
6. PPHM had a brain freeze
7. Other?
Everybody but perhaps maybe Paul Lytle knows pphm will need more money in the future and it is probably safe to say it will be before pphm reaches $3 anytime SOON. In fact I will probably say that you can count on ATM shares having been sold during this past quarter that will be shown on the 10K next week. Having said that you can draw your own conclusion. We will know much more after the CC.
PPHM THE COMPANY WITH THE SUPPOSEDLY INDEPENDENT BOARD THAT HAS THREE OUT OF THE FOUR MEMBERS WHO SERVED ON THE BOARD AT PTSC WHICH IS CURRENTLY AT .04. ALL IMO.
PPHM THE COMPANY THAT CRIES WE ARE IN TALKS! All imo.
