You raised a lot of good questions. I will not invest another dime in PPHM or the stock market. I increased my position by 45% about four months ago. I will be happy to just double my money at this point and I am worried that I might lose most if not all of my money. It's very hard now not to ride it out after six years.
PPHM for me has been around for way too long with a long string of broken promises. Every year is going to be the year but so far it never has been. The problem with companies like PPHM that have such huge potential is that they can reel you in and keep you hooked even if the stock goes down to zero. Once the stock has declined 70,80, 90% at that point it is very hard to dump it as long as the lure of the big payoff is still there.
And that's the only thing that PPHM does well, keep you hooked with the hope of the big payday.
It's very hard for me to support management at this point not that it would make any difference. Besides the broken promises they hold sham conference calls where they don't take any questions other that a couple of screened calls.
As far as getting a deal, either you get a deal (which would have happened years ago by now if it was another company) or just say that you prefer to go at it alone and don't keep everybody guessing and hoping. You can always get a deal if you say you will go at it alone if it is a really good one.
How hard is to get a deal? You get money upfront to fund the trials and keep the company solvent and then agree on how to split the profits. The details get worked out based on the milestones. Trying to get a bidding war is not going to endear you to the party that is going to be your partner. Look at Vertex. Were they smarter or dumber than Peregrine?
One lesson that I learned that explains why the pps is not moving. Wall street will only give so much time to prove yourself and unfortunately PPHM is now way past that. As long as these guys keep putting out old news the stock is only going to get lower. Even if they announce a real deal or get FDA approval, I think the stock is not going to rise as much as some people on this board think.
JMO and would love to be wrong.
