Quote LOL, "I wonder which warehouse types of shares Roche could have structured .... and I always considered this accumulation though never knew of "warehousing" and here we have another mention of "warehouse"
I wonder if the fiduciary duty of Peregrine BODs is being held in check with all ties and outsourcing left in the hands of K&L Gates and it does not give me any faith with many top SEC employees such as Mr Canellos leaving the SEC that once fought warehousing ....to now defending the process "
WHAT????? ROCHE WHAT?????? What does "ROCHE" supposedly have to do with PPHM now, LOL??? "warehousing" of common stock WHAT?????? LOL !!
There's no such thing as "warehousing" or "secret accumulation" of commons shares of stock in a public traded company- it's URBAN MYTH.
The SEC holding requirements are clear, and require disclosure and reporting once any "professional firm" or "institutional" investor/firm hold above a certain percentage of the outstanding stock. And NO, there's NO freaking "secret way" in which the float is supposedly being "bought up" and vanished and locked away supposedly, LOL !! And NO, there's no "big companies" that use these supposed "methods" to secretly buy-up companies or "hold them down" or whatever.
The SEC "fraud article" cited has NOTHING TO DO WITH COMMON STOCK, LOL !!
It's a case involving "bundling" of CDO's, COLLATERALIZED DEBT INSTRUMENTS (Also often referred to as "derivative" instruments, and was VERY common during the mortgage meltdown of the 2008/2009 period approx and involved "BUNDLING", aka "warehousing" as referred to in the SEC article cited).
It's talking about freaking DEBT and underlying DEBT INSTRUMENTS, in the case cited, common freaking "home loan mortgages", being "bundled" and then collateralized into "packages" that were sold-off, almost like a "stock", but not quite exactly. Again, reams of history books now written about it, and even some movies made about it, and it has ZERO to do with common stock, or supposed "stealth" attempts to secretly buy some PENNY STOCK POS like PPHM, or "hold it down" in secret or any other nonsense "theory".
The movie (and it's also based on a book I believe, though I personally haven't read that particular title yet myself, but plan to read it), "The Big Short" has some pretty good "bundling" and "warehousing" explained in it, and can be found at any video rental or streaming site.
Watch that to understand what the SEC article for "fraud" is talking about. NOTHING TO DO WITH COMMON STOCK and public investors, that case was about hedge funds who sold-off "bundled assets" to large institutional "investors", aka pension funds and similar and the underlying "assets" were DEBT, not freaking stocks.
THERE's a scene from the movie, "THE BIG SHORT" and notice WHO IS BEING "talked to" in this key scene? A "CDO manager", aka a COLLATERIZED DEBT MANAGER, in this case working for Merril Lynch at the time, near EXACTLY as described in the SEC "fraud PR release" being cited as supposedly somehow relating (FALSELY) to lil ole PPHM COMMON freaking STOCK SHARES and the myth that "warehousing" of common stock shares is somehow taking place, which of course is total nonsense.
The CDO manager (EXACTLY as in the SEC case cited) the CDO "manager" in the movie scene deals in DEBT INSTRUMENTS (CDO's, derivatives related to home loans), aka mortgages being "bundled" into packages to be bought and sold "like" a "stock", aka home loan "packages/bundles" which are "warehoused" ahead of time, aka EXACTLY AS THE SEC PR RELEASE cited is discussing.
Those CDO's were being sold to LARGE INSTITUTIONAL INVESTORS, and again, they relate to DEBT and bonds and in most cases, "home mortgages", aka the entire now infamous and famous "financial melt down" , of the 2008/2009 period, that literally almost brought the U.S., and eventually entire world economy(s) to their knees. WAREHOUSING is a term related to that scenario, NOT freaking COMMON STOCK PENNY SHARES in a lil ole micro-cap company such as ole PPHM, supposedly being "secretly accumulated" or whatever, LOL !!
TOTAL NONSENSE and ZERO relation to PPHM, or anything to do with the fact that this is a HIGHLY DILUTED PENNY STOCK losing value from a failing 30 year business history (NO profits ever made, no ROI, never ending dilution via share dumping to raise over 1/2 a $BILLION in blown cash, etc) , nor a history of failed clinical trials and a largely failed 20 plus year business model, weak Sr Mgt and a bad BOD, etc.
Makes one wonder how difficult it would be to illegally accumulate shares by this method of 'parking and warehousing' shares? This year 11months from 2/26/16 to date traded over 354m shares in a range of $.50-.29 and short interest has dropped to 685,500 shares from over 11m shares in May/2016 yet driving down PPS all along and now sits at 52week low $.29 with a very tight channel trading 2017. How difficult would it be to accumulate over 100m+ shares by this method? Under the radar all along without raising any eyebrows? 2014 538m shares traded, 2015 287m shares traded yet who is buying and selling? Institutional and insiders account for about 50m shares but not sure how many shares retailers own.
Again: Parking and Warehousing -- These involve a person holding shares which are actually controlled by another person whose identity is not disclosed, sometimes through nominee or fictitious accounts.
Warehousing is the process of accumulating shares in a company for the purpose of eventually acquiring the firm.
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