cheynew, Peregrine management IMO has done OK until the Sunrise failure.
Now, they have to show they can make the hard choices to keep Peregrine moving forward. How can they do that when retail investors have no confidence in Peregrine's prospects?
Quite simply they have to change retail investors perception of Peregrine's prospects. Two courses are obvious. First, sign a solid partnering deal with a BP committed to moving the anti-PS program forward. We are in no position to evaluate the chances of this. No reason to believe such a deal is happening.
The second obvious way to improve retail investor confidence is for Peregrine to use Avid revenue to generate profitable quarters before the del-listing deadline. Very painful pay cuts and non-Avid layoffs would be required. While this path is entirely within Peregrine management's power, we have no reason to believe management has the guts or foresight to do it.
What is crystal clear to me is Peregrine needs to execute one course or the other in the next few weeks. I don't see a credible third way.
GLTA, Paul
News 
Market Data 
Discover 
AI
