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Wednesday, August 17, 2016 10:03:48 AM
Hope, it isn't a failed company...yet. The shorts have always controlled this company at their leisure. Given the present state of things, I would offer several reasons why the price has been manipulated to remain in the 36 cent range:
(1) To force the RS; they can make more money shorting a $2+ stock than a .36 stock; and, at the same time,
(2) drive this company into the ground once and for all. The entity(ies) who have controlled the share price for decades have PPHM on the ropes; they may well be attempting the coup de grace. Why would they do this? Either because someone wants the patents and AVID or, due to the perversity of some of these market fiends, for the sheer enjoyment of it all (in other words, "because they can").
(3) Outside possibility: they have financing lined up for developing BAVI for some heretofore discovered and unannounced specific utility. They will then take the company private (at these fire sale prices) until a future date when they will reissue shares at prices that will limit the participation of low life retail investors (which management considers probably most of the posters on this Board).
Besides obtaining NASDAQ compliance (thus signaling they have no catalyst to move the stock price above a lousy $!), can anyone offer a sensible, positive reason why they would ask for a RS? I know some will say to give them more time by offering NASDAQ a plan to get the stock price above $1 in order to gain time for the finalization of some kind of super news. Given this company's track record, that strains credibility.
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