Thursday, August 24, 2017 12:19:16 PM
Long investors need to keep in mind that the "overcompensated current PPHM BOD" is now subject to a compensation Settlement Agreement, but this BOD also knows what is in the PPHM proprietary technology vault. The current BOD has communicated to investors that they are pursuing a business plan that keeps the PPHM tech development funded, albeit, now with about half the PPHM research staff (reference PPHM staff reduction announcement filed with the SEC). The PPHM status quo momentum business plan has PPHM technology development being funded, whereas, the Ronin plan communicated in their letters to shareholders indicate the PPHM technology development will not be funded, at least for a good period during which Avid receives the investments enabled from Avid sales revenue.
PPHM's current BOD has also recently communicated to shareholders how Avid now has unsubscribed capacity and is seeking new customers for its two new, 1000 liter reactors plus their second Myford facility deployment is on hold awaiting expression of interest for new customer orders. Ronin has not responded with an explanation of what they would do with the prioritized Avid investment resources that Ronin described in their letter to shareholders in the event that the new BOD leadership needs to manage resources for this already under subscribed Avid capacity.
Best wishes and IMO.
KT
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