is it possible that the gov't wants to see more data from some of our testing on humans. Am I wrong in that all of our testing in the gov't trials is on rats and other animals? Did I not see somewhere when company's move forward on indications using the "animal rule" that it is to supplemented with safety data from other trials on humans? Could our lack of enough data on humans be delaying the next step?
Well kind of obvious what is happening here -- at least to me (my OPINION not the definitive road map. and i have all these shiny crayons that paint colors illustrating the rainbow of hypocrasy - not to mention appropriate music thanks to baliland -- link below).
First, give the govt credit (oops..... bad choice of words). They at least know not to commit beyond six months to an entity that, one way or the other, won't be around much beyond that. Not in its current form. PPHM will have at the most to ASCO 2011 to continue with this charade. Then they are either bought out if they have the goods or disappear down the rat hole if they don't.
Make no mistake -- noone wants to be seen on a podium with this ilk sharing the glory for bavi. You can see that by every word NOT uttered by Duke or even Thorpe for that matter. I especially was impressed how Dukes own scientists laughed at results from foreign trials ...... ("Oh yes ... complete responses ... but not from good ol USA patients so wtf cares???")
If the contract is canceled then all those nasty loan restrictions go into effect and makes this smell even worse. All our loyal friends at the well respected R&R will be sure to piss on our graves with a well worded obituary.
Meanwhile PPHM can still sell short using their ATM -- which is even worse than outright shorting because they are automatically creating new shares to use that technique - and even have the nerve to say that shareholders benefit because it is an easy way to raise money. For so long ..... People can only be so stupid for so long. Took me three and a half years but I wised up after PPHM tanked after ASCO. Sorry Joe Granville ... I didn't listen to one of his best sayings -- if its obvious, its obviously wrong. So much for following reported legal insider buying. Hell ES even bought shares for his IRA -- talk about planning for one's retirement! But don't feel bad for leeetoool Eric though - he will do just fine if there is the anticipated buyout and won't have to pay taxes on that portion till he retires.
That said, now what? Unless certain indicators start popping, retail would be foolish to buy here given the whack a mole approach to risk takers in PPHM. Also foolish to sell out if you have come this far because you are getting nothing for any of the MABs. One thing for sure .... these guys play for keeps -- don't be fooled by the appearance of any of the spokesmen here -- they are merciless and they know it ....
So ...... price rot barring anything super unexpected. I would be VERY surprised by a price pop prior to the SHM -- "Keep the price down by ATM orders? I was only FOLLOWING orders! Big pharma wouldn't buy in unless we got them cheap shares!" Yeah right....... And that "i don't know what is happening to the stock price" statement .... are you people serious ??? like we just bent down and these 20000 puts flew in .....
In fact barring any pre-buyout tremors I don't see much happening til March when this govt extension runs out.
Its a smelly game being played here. When the clowns are running about you can always smell the elephant poop if you sniff around long enough.
I can't find any good circus music but given the sensory olfactory associations here this should suffice .......
Best of luck to the longs we will need it.
honestabe13 --------------------- it's like going to the track when you know the races are fixed. you just hope to benefit from being on the right side of the fix when it happens...
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