Nuke, the last time I observed there being so much of a "convergence of events" underway with PPHM was in advance of when the pps started climbing for no announced reason and reached $5.50 before collapsing on that trial mischief news.
Those 40,000 share +/- short sale push backs we keep observing getting dumped on the pps, where someone is leaving traces they are playing position protection games have been occurring again during recent trading with PPHM. Did you notice?
A couple years back, just before the pps started to walk up to $5.50, some parties were doing pushing the same pps walk down pattern-- wash, rinse, repeat. They would shove the pps down with a dumping of shares in the 30,000 to 40,000 share range in a couple trades. But one day, that volume started getting swallowed up by engulfing purchases. A few cycles of this dumping smothered by engulfing support would occur until whoever was doing the shoving waited for a higher pps and shoved again, just to see the volume engulfed and the pps walk up even higher. That occurred until the crescendo at around $5.50 pps. Then that pps crashed when PPHM announced on a Friday evening after normal trading stopped that there was a discovery of Phase 2 Bavi trial dose "labeling errors" at CSM that appeared like it may have been intentional. The pps came crashing down below a buck in one brief pre-market session that Monday morning when long investors had been hoping a European cancer conference would see standout news of Bavi success announced, but instead, we heard AF spilling the beans to his network ahead of news. Normal trading never got a chance to let us small retail investors do anything but watch helplessly.
That was then, this is now. This time around, PPHM has more momentum, more professional and intellectual capital engaged, more patent protection in place, more ISTs underway, more financial resources and a "locked and loaded" Avid sales and expansion infrastructure in place. Thus, I am watching very carefully for the trading pattern that signals a repeat of that PPHM pps walk up without news. PPHM told us today that we should see things break loose for PPHM, "yay or nay" within the next six to eighteen months. Maybe we will see that mysterious "walk up" sooner??
I had a goal of doubling the number of PPHM shares I was holding relative to those crash events of a couple years ago so I could be better prepared for when PPHM regroups and delivers. I accomplished a tripling of shares held. Now how much is enough, LOL?!
With $68 million in cash at the end of April and $40 million in back logged Avid orders in the queue, the PPHM burn of a net $19 million cash over the last fiscal year seems well under control.
Nice! Wow, that was a long.... dry.... wait.... while long investors sifted scraps for news, filled with periods of disillusionment and heart burn. FWIW, I declined to read the last 3000 or so posts during this dry spell since I last checked in and another 3000 posts before that. I hope those who did daily board reading during that period found mutual support and don't have ulcers, LOL! The pps was at around $1.40 and behaving like watching drying paint when I unplugged about 6000 posts back FWIW. Notice now that someone walked the pps down to $1.19 to set a new low and we are pretty much back to the same reference point from a couple years ago.... in just a two week trading period leading into today's news. Hmmmm.
Can you tell I am getting excited about PPHM prospects (again)?
Best wishes and IMO,
KT
