Replies to post #32397 on SEASONALITY STOCK REPORTS

[flota]

Put your housing seat belt on. 2008 should be a serious roller coster. 2009 nice chunk of jumbo resets.

[lemmy]

C'mon, you should know better than that, especially with that PPHM called PPHM.

Glad that earnings is past us, now the massive potential dilution is about to be voted in at the next stockholders meeting as they are to add like 50 million shares to the authorized shares figures of this fat bloated pig (IIRC, that will put their authorized shares to over 300 million). There are already 230,000,000 shares outstanding and about the same in the float. Don't expect that number to shrink, LOL.

And I'm beginning to think that this $11 per share is just about meaningless. Remember that (1) that $11 'deal' is over (since last year) (2) and one share before the cut off date entitled you to 1/1000th of a warrant...so, of course, 1000 shares of PPHM, one warrant.

Bottom line: the probable increase in shares authorized (and implied future dilution) will continue to put downside pressure on PPHM. They have until January, I believe, to get the bid price back over $1 for ten days. I think they will play that game and do it, but this PPHM will continue to frustrate, like it always does.