I do not buy it. A major partner could not care less about a Phase I trial nor first look-in which will only say continue the trial. It will take a lot more than that to give this company with such a tortured history major cash.
"I spoke at length with a representative of Peregrine in late December 2014. They told me the major partner at the table is waiting for interim results of the melanoma trial and they are waiting on the first look in milestone of the Sunrise trial before the deal can be consummated."
that has got to be one of the funniest things I've heard posted on this board!
I spoke at length with a representative of Peregrine in late December 2014. They told me the major partner at the table is waiting for interim results of the melanoma trial and they are waiting on the first look in milestone of the Sunrise trial before the deal can be consummated.
If anyone had actually said what you said they said, that person would have been guilty of a major breach of SEC Reg FD.
You alleged you talked with "a representative of PPHM.".... Yet, you go on to assert "they" told you a number of things about what matters were going on there at PPHM as well as what some other entity was waiting for. Was that a conference call? Were several representatives of PPHM on that call? And "they" called you?
I place no credibility in anything you have said in your post in light of the above, in addition to the reasons provided by Dew.