I never said controlling interest.
If a VC, BP or hedge fund wanted 15-45% with or without the boards permission, how long would it take at 100-150k shares per day? or 250-300k for that matter....
I'm just saying accumulation can go on for a long time without being noticed. Especially when MMs short and cover the entire time. How many MM's are here now? Why?
1.7m shares avg vol now(why?), institutional % flat..
Who's buying? We're not a nickle so it's not selling.
Where are the shares?
Last 18 mnths is mostly at $1.00-$1.40, with a pop to $1.98 and $1.76.
Retail certainly isn't responsible, they don't have that kind of fire power and most people have never heard of peregrine and if you listen to the idiots on yahoo and rb, pphm is a scam...lol.
What better way to hedge a bet than to buy a % of the company ahead of the deal? Especially if this is a buyout target down the road, which I expect it is. No risk if they make all their investment back on stock appreciation. Oh, the story that can be told, backed up by data...Data delivered by folks like Haynes, Fauci, Kurilla, SRI, Utah State, Baylor, MDAnderson, etc...
The posion pill? Most initiate after they see interest, I know PPHM said there was no interest, but.....
PPS makes no difference to me right now, data keeps coming in good, the rest is going to happen.
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