The sky is falling (or is it)The lack of clarity surrounding the jump of MD and Greene is leading to speculation beyond belief on this board. Unless we can confirm for certain that MD and Greene jumped ship at 1.36, then all we are doing is watching panic sellers. The fundamentals of the company are still in order and if I am not mistaken, Sleep Management was a company that was equal to or similiar in to PHM. Sleep Management has a fairly successful team and if MD and Greeene can some how rectify the situation by sheding light on this whole situtation, I don't see why they can't impliment the plan MD and Greene had in place originally. If MD is looking to manage a fund that includes health care plays (granted they don't hold PHM at the moment), I don't see why he would want PHM, CXV, and Inspira to tank so quickly. If MD and Greene still hold 4 million shares in PHM, then presumably they'll seek to add it to the funds holdings. I would not be surprised if this was MD's plan the whole time. He brings in a solid management team and does so with the expressed intent of moving to managing a fund while still having ownership in PHM. Assuming this team is in line with MD's original vision of moving to the nasdaq or to the TSX, this could allow new management a buying opportunity and a clean slate of new investors. MD strikes me as a charismatic individual who can do two things well: make money and grow a company. Granted, his lack of disclosure and minimal clarificatino re: his move could have been handled better for the overly sensitive investor.
I'm long on this until I can recoup my losses I now have as a result of taking my last position. I'd like to remain optomistic seeing as the fundamentals (which is what brought me into this company in the first place) remain intact. This price gives me an opportunity to average up, however, I refuse to buy when radio silence is the course of action. Let's see what happens and we'll go from there.