Let’s dissect the current $205M Market Cap of PPHM….
$40M in cash
~$75M for Avid
Leaving ~$90M form Bavi AC, Imaging, Cotara and the rest of the next generation platforms.
$90M….As it stands today…is an absolute joke. , I don’t believe that valuation has increased at all compared to where it was a half decade ago as Bavi A/C has progressed through the clinical trials.
Pain Points….
1.Last year management saying that the generous 8M shares in options were enough for 2 years to now asking for an additional 4M. Where is the oversight to stop them from asking for 8M, 10M, 15M…tell me when to say stop. Everyone comes to a point where they say “this is getting ridiculous”…mine was when they came back this year and asked for 4M more.
2.Diluting at these prices while doing little to nothing to “minimize” the negative impact to current shareholders by releasing any positive news.
3.The current situation for King et al is like a nice warm bath tub that affords them the ability to just keep the crappy status quo going for as long as shareholders will allow. A partner would cause the plug on the tub to be pulled. They no longer would have borderline absolute control and would have to include better qualified input from professionals outside of their good ole’ boy kingdom they have created……Good for shareholders and patients….bad for them.
Can anyone here tell if BTD or AA has even been applied for? Why is this still a mystery? The communication of the management team is abhorrent. The fact that an early look crumb of info had to be shaken out during the last conference call is ridiculous.
This year’s shareholder meeting should be the greatest celebration of the company’s history. It “should” include a senior member of the partnering company explaining….in clear detail….on how “they” are planning to advance the platform with their vast resources.
Instead, we will probably get….2016 is gonna’ be our year….trust us.
Vote NO… and pull the plug on the tub. It is past time to get this thing moving forward with a greater sense of urgency.
