He does not believe in Peregrine, period!
He thinks its a scam, a Hoax to use its own words. he thinks BoD/Management have created this company for self-servicing and stock manipulation purposes.
Lately he & Cie start singing another song. It is hard to keep telling the public that PPHM is a scam and then explain how by full coincidence they passed an FDA PI for more then 10 clinical trials, and even more difficult for the 10+ PII's and it becomes really impossible now that there is a first PIII approved by the FDA and extremely good results surface for different Bavi related PII's.
For a scam one should say Peregrine does better then most 'real' non scam biotech companies and that's something you can't sell, not even to the most idiot of people.
So now the new story line about Peregrine is that we will never successfully get a PIII approval or if we would partner with say Lilly then it for sure is the clown of partners and things along that line. And by the way, it is not just AF, who is currently under investigation by the SEC, but others in The Street, who is under investigation for fraud if I read this correct, and alike such as strange video reporters at The Motley Fool or writers at Seeking Alpha.
Even on IHub and on this very board you'll find the insertions and strategical timed posts that support the AF view exposed in his writing and tweets. As such that is no problem but very often they appear to be part of a coordinated attempt to drive the market in a given direction, most often down. Apart from the fact that that would be illegal some have posted that these people may be on an agenda, even a payroll, of parties that trade these movements.
The art is to be able to see through it and not let them talk weak-hands out of their shares or hit their stop-market orders. The solution is called knowledge. The practical implementation may just be to read this PPHM board.
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