The FIRST pre-market trade was 100 shares at $1.40.
The early returns(volume,pps) pre speak of Brekken suggest that not a lot of enthusiasm that he will enlighten the scientific community and the rest of us, with anything earth shattering. Maybe that changes when it gets closer to his talk and when he actually speaks. If he does not speak the words Bavi,Bavituximab or PPHM in his stand up routine then I give up. Seriously.
On July 1,2014 when PPHM had over 15 million shares shorted the intraday PPS hit $1.95(closed at $1.86). Now on on May 20,2015 we have over 5 million FEWER shares shorted and we closed at $1.30. 11 months more in on Phase III and yet we are down 30%. Volume has picked up as you noted(for this week anyway) and wer're still down from Friday's "signal for blastoff". LOL. PPHM is stuck in the MUD.
It's not like a MM won't then turn around for 100 shares and drop this sucker like a popped balloon just to see it stagnate all over again. You CANNOT falsely prop up PPS with retail money! Seriously, that thinking is ...well,you know.
If Bavi were approved tomorrow it will go from $1.32 to $200.00 PPS?Do you know how much PPHM is charging any or all of the BP they supply to? Since Bavi is NOT(at this point) being trialed as a stand alone drug how do you know how much it will be worth to those who may want it? And just because Avid expansion is happening(I still don't know how they are paying for that specifically)does NOT mean PPHM is selling it on the cheap. If no partner through Phase III AND approval PPHM still has to produce,market and sell Bavi. Just a nugget,or two,to chew on. Just my take on it.
Considering you've thrown out almost every conceivable scenario and you work at "such and such" Pharma I would have thought your ridiculous partnering drivel would still be high on your list. IMO, IF you are on drugs...get off.Just say no. Otherwise keep posting to yourself incessantly like you have every day since you were born LAST MONTH Seriously,take a vacation.
Sad but probably true. Shorts have covered 8 million shares,give or take,from previous high AND with fewer OS and the PPS has DROPPED even though we're farther along in Phase III . NO short squeeze,imo and I think we may have a summer of waiting to get to fall look-in #1. Just my take on it.