Avid Bioservices Inc (CDMO)

[md1225]

A SA article from another author will be released Friday.

Here is what was shared.

Great article and nice to see PPHM starting to break out today. For those following the PPHMP preferred convertible, I have a follow-up article on that issue coming out in a few days. It's currently available to Panick Value Research Report subscribers (Seeking Alpha MarketPlace) subscribers. Here's the title and bullet points.

Another Double Digit Yield From A Debt-Free Company
Nov 24 12:58 AM (Updated on Nov 24 1:08 AM)•PPHM, GNE•1 Comment
Disclosure: I am/we are long PPHMP,GNE-PA. (More...)
- Peregrine Pharmaceuticals has a debt free balance sheet with $59 million in cash.

- The PPHMP preferred issue now yields 13.5%.

- Increasing cash flow from the growing Avid Bioservices unit.

- PPHMP is senior to the much larger PPHM common stock issue.

- Company is prohibited from incurring significant debt.