Realist, I question one of your points. You wrote:
"PPHM recently put out a flurry of minor PR's, and the stock action they got was predictably lacking. In short, if they had the big news, they would have used it. For anyone to believe that there will be a last minute huge announcement to save shareholders from a reverse split is in my opinion naive."
Were you tracking PPHM when they did "last minute" announcements that moved the pps above a buck to reestablish NASDAQ listing requirements the three previous times that this issue was in play since 2000? Or the four times when the pps movement to establish status for Russell listing was run out to the last day? How about when the short position had been raised to just the right level to cover the shift in institutional shares that needed Russell rebalancing?
You appear to be asserting that PPHM is taking action that is controlling the pps, even though the pps has a track record of fine lining critical timing. I think it would be naive to believe that parties similar to those that were influencing pps during past critical milestone timings will not be engaged as PPHM approaches their annual share holder meeting deadline for exercising a reverse split or the November 11 deadline for NASDAQ compliance. PPHM history would indicate that it is most likely that PPHM will attempt to move the pps near the "last minute" if they are going to try to avoid a reverse split.
You are also asserting that if PPHM had pps moving news, they would have released it already in an attempt to avoid a reverse split and make investors receptive to improving more incentives. Considering that PPHM is still over a month away from the critical timing and has a history of acting at the last minute, it is premature to make such assumptions.
Investors will find out what PPHM did or didn't do to address RS concerns within a month or so and investors have that month to decide how to vote their proxy. We shall see.
Best wishes and IMO.
KT
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