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Inovio Pharmaceuticals, Inc. Message Board

markbuti 177 posts  |  Last Activity: May 21, 2015 1:16 PM Member since: Aug 14, 2009
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  • markbuti markbuti May 21, 2015 1:16 PM Flag

    e gli italiani ?

  • markbuti markbuti May 20, 2015 9:49 AM Flag

    I've contemplated this based upon the plenty of examples we have in corporations impacting the legislative, executive, and judicial branches of government, as well as the ties between Wallstreet and the SEC....

    The fact is where there are people, power, & money involved...... there is likely going to be opportunity for influence, bias, and corruption.

  • markbuti markbuti May 18, 2015 5:21 PM Flag

    SPECTRUM PHARMACEUTICALS, INC. v. BURWELL et al
    District Of Columbia District Court, Case No. 1:15-cv-00631
    docket://gov.uscourts.dcd.1-15-cv-00631

    PACER 35 Filed: 5/18/2015, Entered: None Sealed Document
    PACER 34 Filed: 5/18/2015, Entered: None Notice of Appearance

  • As I recall, you mentioned that the DC court case was being heard today... when will receive useful info on this topic??

  • Reply to

    My two cents....

    by markbuti May 18, 2015 8:40 AM
    markbuti markbuti May 18, 2015 10:23 AM Flag

    Regardless of what you think of Raj,... and your likely current position... I think you've at the very least misjudged CE Melph... this one one has a high probability of success... the % of the current market is debatable.... but it should quite positive.

  • markbuti by markbuti May 18, 2015 8:40 AM Flag

    Yes... before sts and others might quickly state it.... that's about the value of one retail owner's viewpoint in the big scheme of things... considering the majority of the company's shares are owned by institutional investors:

    1.) my intent is to vote against the board & compensation,.. but vote for the flexible convertible settlement terms

    2.) Although one could argue that the goals of Armistice are totally self-seeking & maybe not in the best long term interests of shareholders,.. can anyone refute any of the claims they've laid at Raj's feet? The facts are prettying damning in my viewpoint...

    3.) Change is *definitely* needed at SPPI. Whether that change is with Raj's absence, or with him in charge, that's to be determined. My original investment thesis in Spectrum was based on an investment in an out-of-favor company that could be turned around... either through an "organic" improvements (i.e. pipeline improvements, earnings improvement, etc.)... or "inorganic" / "outside-driven change (which would be not be my first choice).

    4.) There are still some reportedly near term catalysts that could put some wind in the existing SPPI management's sail,... e.g. the near term DC legal proceedings. However, the spotlight, like a laser, has now been very zero'd in on Raj & the existing BOD concerning negligence in their fiduciary responsibilities. I applaud Armistice for having the courage and determination to take on a company leadership that has ignored it's shareholders in prior votes..... I don't have anything personal against Raj, other than the fact he essentially thumbed his nose against shareholders in the prior votes... and on this point,.. his continued tenure is now very much at risk.

    5.) There obviously isn't a binary outcome in the latest development,... i.e. it won't be a a.) live with Raj & current BOD leadership and life goes on or b.) sell at $8. It will be something different, and likely better for shareholders!

  • markbuti markbuti May 15, 2015 5:21 PM Flag

    ... still hoping that someone might listen to your FUD posts so that you can recover the $$ lost on your short position... keep posting away Elmer FUD!

  • Reply to

    Cigan - Question

    by joesolomon333 May 14, 2015 10:46 PM
    markbuti markbuti May 15, 2015 7:39 AM Flag

    ... I won't be the one to defend Raj... regardless of what he's done historically for the company, he first and foremost needs to be held accountable for the excesses, and apparent "doctoring" of the performance benchmarks.... the fact that the BOD overlooked these excesses makes them culpable.... My gut is telling me, regardless of what you think of Armistice, is that change will be driven at SPPI... -AND- that change *may* include Raj's and the BOD members dismissal... we'll see!

    I personally bought SPPI because the stock was out of favor for a number of reasons... change is necessary at SPPI... and the "buck stops" at Raj's desk... and at the BOD... my votes will be against the compensation,.. and against most of the BOD members...

    I like SPPI's current valuation & future prospects based on approved products and the pipeline... I like the strategy,.. etc.,... however,... we just need to see leadership change... in my assessment.

  • markbuti markbuti May 15, 2015 7:29 AM Flag

    How's your 20% loss on your short position in the last few days working out?? LOL!

  • markbuti by markbuti May 14, 2015 10:48 PM Flag

    Why can't you get a life.... and stop posting a barrage of trash???

  • Reply to

    The letter

    by pippo_the_1 May 12, 2015 5:20 PM
    markbuti markbuti May 13, 2015 7:48 PM Flag

    True dat!

  • Just like a gigantic boil being popped!!!

  • Reply to

    Poziotnib

    by concordcharter May 13, 2015 9:01 AM
    markbuti markbuti May 13, 2015 9:12 AM Flag

    The points made by Steve Boyd in his letter are likely what will cook Raj's goose!

  • Reply to

    Potential Next Steps...

    by markbuti May 12, 2015 11:07 AM
    markbuti markbuti May 13, 2015 9:10 AM Flag

    you cig head have no clue.. please enlighten us all...

    However, based on your consistently idiotic posts... people have already formed their opinions about you... I can point to factual sources for each of my paragraphs above... however, I'm unable to boil it down into to kindergarten semantics to enable you to actually understand it!

  • FYI, another activist investor (Dr. Seuss) just filed a Form SC 13D / General Statement of Beneficial Ownership

    "The time has come. The time has come. The time is now. Just go. Go. GO! I don't care how. You can go by foot. You can go by cow. Marvin K. Mooney will you please go now! You can go on skates. You can go on skis. You can go in a hat. But please go. Please! I don't care. You can go by bike. You can go on a Zike-bike if you like. If you like you can go in an old blue shoe. Just go, go, GO! Please do, do, DO! Marvin K. Mooney, I don't care how. Marvin K. Mooney, will you please GO NOW! You can go on stilts. You can go by fish. You can go in a Crunk-car if you wish. If you wish, you can go by a lion's tail. Or stamp yourself, and go by mail."
    etc. ........

    I said GO and GO I meant. The time had come. SO.......
    Marvin went.....

    ;-)

  • One has to wonder how other major "interested" parties are responding to yesterday's news.....

    As I recall,... approx. 6M+ shares were traded yesterday and today... with an uptick of 18%? This simply isn't day traders playing with themselves... something else is afoot.

    So, it intrigues me to wonder how the major players viewed the announcement... and potentially what actions they may be taking. I doubt they're simply sitting idly on the sidelines....

    e.g.

    1. Convertible debt holders ($120M) - were mostly short on their positions. If SPPI were sold at $9 / share... what does that leave them with??

    a.) An accelerated repayment of their principal - that they don't want
    b.) An elimination of their arbitrage candy factory
    c.) A denial of their participation in the equity up-swing

    What do you think their likely actions will be?? My guess? Start unwinding their short positions... get the stock price up the point that a.) Armistice goes away b.) the conversion price of $10.53 is not only hit but is blown through by enough of a margin that they can convert and make a tidy profit

    2. Majority long funds that collectively own 50% of SPPI (e.g. BlackRock)

    My guess?

    a.) Watch the reversal, and try to keep it under $10... remember we don't want those stinking converts to dilute our equity positions...
    b.) Consolidate one's position... i.e. add when there is a short counter-attack Short when there is an overbought scenario,.. and short when the position gets close to $10

    Speculation on my part,.. but guessing Armistice isn't alone in the aired grievances.... meaning we'll see some of the other majority funds consolidating their pressures for change in SPPI.... Raj's unregulated rule in SPPI is about to be reeled in....

    3. Hedge funds - likely to jump on at the outset... and short on the peaks.....

    i.e. potentially more volatility to be introduced the higher we go...

  • Reply to

    Great letter, nothing has missed

    by valery164 May 12, 2015 1:34 PM
    markbuti markbuti May 12, 2015 7:41 PM Flag

    Hi valery164...

    Regardless of whether one believes in the SPPI marketed and pipeline assets (which I do)... Armistice shines a light on issues of management lack of accountability and moving the goal posts to try and misrepresent their performance issues....

    There is a need for better transparency and accountability to shareholders.... and I'm glad Armistice is calling Raj out.... I personally don't hope it results in a sale of the company... especially at a paltry 40% increase (approx $8.40 pps).... In this respect Armistice appears to want to make a fast dollar, or simply recoup some of their investment.

    If Raj is serious about listening to his shareholders, he should at the very minimum, take very deliberate actions to address the concerns of his largest shareholders... If not, he'll likely be toast! He may be already.

  • Reply to

    The letter

    by pippo_the_1 May 12, 2015 5:20 PM
    markbuti markbuti May 12, 2015 7:29 PM Flag

    Agree tartiaboy...

    I for one didn't buy shares to summarily tender shares at $10 pps.... I won't be flipping.. in fact will continue to acquire.... Looks like I'll be in competition with the big fish!

  • Reply to

    Orphan Drug case status

    by joesolomon333 May 12, 2015 4:42 PM
    markbuti markbuti May 12, 2015 7:26 PM Flag

    Sounds like we'll know something more next week.... i.e. who's true and who's blue (i.e. blowing smoke)....

  • Reply to

    Proxy vote

    by pippo_the_1 May 12, 2015 7:20 PM
    markbuti markbuti May 12, 2015 7:24 PM Flag

    Basically agree with your voting intentions!

    I haven't looked at all of the directors yet, but based on the actions on the board I'm inclined to vote No to everyone... as I recall Lenaz just joined? So, if so I might be more inclined to agree with you.

INO
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