Peregrine Pharmaceuticals (PPHM +1.5%) jumps near the close after announcing it's secured a $30M...

Peregrine Pharmaceuticals (PPHM +1.5%) jumps near the close after announcing it's secured a $30M term loan from lenders , with initial funding of $15M and an option on an additional $15M.

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Comments (4)
  • SoldHigh
    , contributor
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    Yeah, at 7.95% in a zero-rate environment.
    30 Aug 2012, 04:13 PM Reply Like
  • LarryWh
    , contributor
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    The only folks getting 0% rates are banks and folks keeping their money in the banks. Try getting a loan without security for 30M and see what the interest rate is. Banks are charging more for car loans....
    30 Aug 2012, 07:54 PM Reply Like
  • HonorGuard
    , contributor
    Comments (2) | Send Message
    For a phase 2 drug company....less than what a home mortgage was a few years ago. That indeed, is a great interest rate. The lender has no guarantee that they'll get their money back other than they must also believe in the drug(s).


    So, yeah....that's a really good interest rate.


    I wouldn't loan them my money unless I thought I was going to get it back....Robert Garnett involved or not.
    30 Aug 2012, 06:07 PM Reply Like
  • Accumulate
    , contributor
    Comment (1) | Send Message
    The fact that they received the loan without diluting the stock speaks volumes. There should be extremely good news coming.
    31 Aug 2012, 08:00 AM Reply Like
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