Corporal, an island? Perhaps.
My view is that if Ronin can do no better than acquire a 5% position in a way that sets up a pump and dump that returns the pps back to the trading range it was at before they gave PPHM the time of day, they did long investors no favors. Of course, the trading range is a work in progress as unknown parties are shorting and naked shorting to drop the pps down. Perhaps, Ronin has no interest in supporting the pps while the try to make the case for other investors to align with their BOD takeover interests?
So what do we have to show from Ronin's letter to shareholders? Three Board candidates and a Ronin announced plan to set up Avid for profitability. The Avid set up is already part of the PPHM business plan and Ronin is not situated to accelerate existing Avid customer sales or meaningfully promise new sales, which is the current challenge Avid/PPHM is experiencing, so Ronin is bringing no value there and does not offer anything beyond suggesting that PPHM will cut off funding to their ongoing work with patients and researchers involved in studies? Perhaps, some here have forgotten that PPHM/Avid have expanded Avid sales five fold in about two years?
So other than threats that they plan to sell off the PPHM proprietary tech and Ronin position acquisition inserting a pps swing enabling money to exchange amongst short term investors, what is Ronin offering to PPHM longs that any other party off the street looking to turn a quick buck could not do? I want to see something more meaningful from Ronin than their taking credit for starting a food fight that might leave PPHM tech unsupported!
Best wishes and IMO.
KT
