WE have experienced on PPHM board what Smith says, in the form of the daily presence of negative naysayers. It is a fact of life for those invested in small companies---I see it daily on the ~200 small companies we are invested in or have on a watch list, a drop in the bucket of the universe of small companies that are available for investment. Some companies do fail---we have a couple that did enter BK. Others succeed, notwithstanding above, like ASTM/OCAT where we accumulated, over a period of years, 4 million shares. After a RS of 1 for a 100, and a new basis of ~ $6.00/share, our 40 k shares were acquired by Japan's Astellas for $8/share, under valued, IMO.
The reason? Its stem cell R&D, none of which then had FDA-approval. Take a look here what OCAT's CSO had in mind in 2015:
The story should sound familiar....MEDX suffered the same fate before its acquisition by BMY. So did Amylin, before its acquisition by BMY/AZN in an auction process in which 5 companies participated. IMCL would have a similar story to relate.
Could very well be the case. It doesn’t help that the idiots have taken high salaries, hidden behind Delaware law, shown no effort of fiduciary duty to shareholders, failed a go it alone strategy and cannot win in court. They have no accountability with any of their mistakes.
Nice post and I was looking exactly for that information regarding the naked shorting targeted towards Peregrine ! This clearly explains why one should never allow this Cramer type of vision to infiltrate their decisions
I see the attacks are becoming worse and obvious .....as the PS Targeting science is being accepted, so it drives the Cramer types crazy
Forget the or it is totally because management is corrupt abusive self dealing thieves. You want to ignore 20 years history That is your perogitive. The reality is plan as day for all to see the 20 years stealing shareholder money. 1.5 million per year for Es,Dp,and CJ. All of whom have extensive history in bilking public traded companies. All are horrendous failures. All are cash cows for these scam artist.