The PPS is kept in a range at an extend I have never seen. So much naked shorting (50/60%) that is HUGE. So either this is part of keeping PPHM from funding with the ATM or the price is kept low because there is some negotiation in the background and a low PPS serves one of the parties.
Why is everything in pphm-land a conspiracy. Shorts are hear because they can make money on a broken stock with little buysidenterst, a pending removal from Russel and likely RS. Sorts are here for the $$. And what legit bp ever shorts a $.36 stock to accumulate at a better price? Who would be trying to stop atm sales. No buyers, little upside risk, pending russel removal, pending RS, Failed trial, weak mgmt., corrupt bod. Any wonder why the stock is being shorted?