possibly some retail do not return the proxy cards, and here I thought that no one knew about Peregrine Pharmaceuticals, yet millions of shares are purchased by retail? lol and set up in off shore accounts ?
Most retail customers do not use off shore accounts
Anyone that would like to conceal info from the SEC would certainly use off shore accounts though, because typically..... off shore accounts have been a major loophole, beyond reach from certain Federal Authorities...
... maybe some loopholes are not as private as some thought
Not funny at all and rather interesting if you ask me. I remember the days when some thought it was funny to think that sabotage was a scapegoat reason of reasons for Black Monday. Eventually, the truth quietly comes out and sabotage ? Oh yes ... and now, do any of those broker non-votes exist off shore ? Oh... I say a big yes.
I think many Big Pharma families and new CALICO families know very well about staying below the 5% level.
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So you trying to tell me that JB in Fargo ND goes the way of sabotage without a higher food chain handler behind the scheme and you telling me that there are no off shore accounts holding PPHM ? I don't think so... but hey, just my opinion and lots of puzzle pieces that back up the sabotage plot
I've posted many times way in the past about the SEC and off shore accounts..etc and we shall see how it plays out. It would not surprise me if a little PPHM shelf shuffling had deals are made behind the scenes but heck... PS Targeting still works well enough and has always worked well enough to force some to risk multiple sabotage plots
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Now lets hope CALICO is in a position to use some of those Billions of dollars off shore to pick up a percentage of the PS Targeting pipeline
exwannebe, the way it works in your Universe is correct.
It would not be justified to claim that the dealer Non Votes are purely Cayman island and other Off-shore accounts. I know for a FACT that MANY European PPHM shares fall in that category because many Brokers here if they are a sub-broker, do not even forward the proxies while US/Canadian Brokers send them out even oversees.
This support also part of my case that dealer Vote is NOT EQUAL to so said Family whatever theories, which I currently do NOT believe in BUT would have wished there were :)