Volgoat, I am not sure how to interpret your "friendly short" theory. After all, a short is, in the simple sense, taking a position that a company is overvalued and pps will drop. The history is that there is a ten million share short position, with the short interest picking up about the timing of Bavi Phase 1a results being announced. A fun thought would be if a party is competing for accumulation shares at the same timing that the short is trying to cover in anticipation of news. Shares may be leaving weak hands to parties taking a position in PPHM but the short could be getting stuck without being able to cover most of their short position. All it would take is another house or two to short and sandwich trade around the boundaries of the large short bid and ask and then harvest shares shaken loose as a result of the shorting parties efforts. I suppose the short interest update in late April will clarify how well the ten million short has fared in getting shares. Think about it... a short being outmanuevered so institutions or a prospective partner pick up shares, leaving the short to sweat out a prospective short squeeze, LOL. Do market makers do that to each other?
About that $4 billion buyout. Why would PPHM accept a buyout in that pricing range when they are close to the point where the right partnering deal could bring enough market attention to bring PPHM pps to that range without having to give up ownership? Think Imclone or Vertex. A $20 pps buyout offer would likely put a smile on most faces, but PPHM is probably less than two years away from being able to develop 4 or 5 times that amount of shareholder value. Can PPHM deliver that without needing to give up ownership? If PPHM management thinks they are about at the end of how far they can go it alone, so be it, but.....
Best wishes and IMO.
KT
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