biopharm, no adores in Boston. Delaware only incorporation.
This company buy 8Milj$ upfront and 95Milj$ milestones and WHO DID THE DUE DILIGENCE to see if this party has the needed means to PAY?
Looks like the CEO of CDMO should have done that. Yet that guy wasn't even aware that he was talking with a party that wanted it all, even incorporated already, has already foot print in Shanghai China, when he presented at the ASM.
The ONE thing he said was not to hope for was the one thing he must have know what was going to happen. Why 6 months payment time for 8Milj$.
?Laura E. Benjamin says PtdSer is promising for the treatment of cancer! How come she sees/thinks/knows/assumes that and states it in the PR ...while... our CEO says nobody is interested and we need to prove the value in yet another clinical trial while BP even acquired companies like PPHM when the are in pre-clinical or stage I.
They have AVOIDED competition by BP because they CANNOT outbid BP for whom 50 Milj$ up-front would have been pocket money. Mot more then an 'ante' in poker.
Probably BP has been contacted but who knows with what UNAPPEALING story or demands. It is almost SURE that BP has NEVER EVER seen the same terms as Oncology did. So in the end one could say nobody wanted it and Oncology took it out of our hands. Yes, but at conditions ALL OTHERS would have wanted it too, and probably wanted to give more, but were never given such chance.
I think we start to understand why the old BoD allowed itself to be removed so easily. I think we also see from the trade reports that RONIN wasn't here for Avid Manufacturing at all. I think we also start to see that CEO Lias is probably in on this because his cut on information (we are still waiting for the CEO King severance contract that was going to be shared in SEC listing) and the DISINFORMATION that has been given to us at the ASM, and the not even breadcrumb grade price at which CDMO squandered shareholders assets away, and the nontransparent communications about Oncology Inc with even a decent US address, phone number or reachable contact person. Just incorporated, non funded, unortodox delay of payment of the 8% Milj$ up-front etc.
We must now wonder if Jannet Bleecker (who renamed herself since) and CSM and old PPHM crew have been playing in a same scenario.
The stipulations in the stand-stil contract between PPHM/CDMO and RONIN are quite aimed at "NOBODY STARTS, or asks anyone to start, A LAW-SUIT AGAINST THE OTHERS".
Did RONIN know that PPHM knew LONG before the 2012 preliminary results that what happened at FARGO? Was Jef Masten under friendly excuse removed from the equation because of its statement related to "this cannot have been done by accident/human error" (the unglueable lables, labels replacement, secret notes, etc).
Did PPHM at purpose only included constructed fraude in the original filing and addd "fraude" which would have exposed CSM in Fargo behind contractual agreed damage later, TO LATE, for it to be acepted by the Judge (which was exactly what happened with the Summary judgement against Fraud). Then they settle for 600K$ and insurance must accept Judgment that it was a human error.
Did this happen BEFORE with CSM? The sealed records PPHM lately discovered and then did not get time of the Judge to file with a court in another state to unseal?
Was this part of a scenario of letting PPHM shareholder through market funding carry the COST of Bavituximab and PtdSer targeting development in general, collecting prove that it WORKS without ever been approved so that it can more easily be claimed that it is worthless to then Hi-Jack it and leverage the profits in other pockets.
Lot's of questions.
AIMO
Peregrine Pharmaceuticals the Microsoft of Biotechnology! All In My Opinion. I am not advising anything, nor accusing anyone.
