I think this may have been mentioned earlier. Ignore the “3rd” Linked In marker if the image displays.
For newbies, Peregrine was another business under the “care” of Carlton Johnson. A shareholder group managed to get Johnson and his cronies to “resign” - something we were unable to do at Patriot.
http://ir.avidbio.com/news-releases/news-release-details/peregrine-pharmaceuticals-ronin-trading-and-sw-investment