Avid Bioservices Inc (CDMO)

[Dragon Lady]

8 CENTS split adjusted, LOL !!

Actually a tad less than that- and that's only correcting for their most recent 5 to 1 reverse split. They had ANOTHER R/S prior to that, years ago- making reality even more dismal.

So after what, like 30 years or something, and about 90% plus losses to the common shares (passing through the greatest bull market in probably all of human history and certainly the greatest bull market in bio-tech ever seen since time began) and approx $500 MILLION (aka 1/2 a ba $BILLION large poured down the dilution drain)- and they have what to show for it?

Back to "lab studies" and "mice" (what's the annual projected market in U.S. dollars for "prolonging the life of mice to old age"?? LOL !!) and "research papers", LOL !! Really? Oh, and a tiny contract manufacturing biz- built for, essentially a cool 1/2 a $BILLION large since it's the only thing so far they have that actually "works" somewhat. OK, FANTASTIC...

ANYTIME one sees "mice" or "research paper" or "in the lab" etc related to a "bio-tech" drug type product- one can pretty much insert EIGHT YEARS on the low, low end and more likely TEN TO FIFTEEN YEARS time-line needed and upwards of $200 MILLION on the low end to approx $1 BILLION needed to ever get a distant, remote lottos chance at an FDA approved, salable new product to market, let alone one that will potentially actually "sell" and make a profit, let alone ever be a "blockbuster", etc

LESS THAN 1 out of every 1000 new "drug/compound" candidates that are "in the lab" or "tested in mice" EVER see the light of day as a FDA approved product for sale and use on human patients- way less than every 1 in 1000. It's well, well researched and documented.

https://manhattan-institute.org/html/true-cost-costly-drug-development-6203.html

Why do I get "visions" of Jordan Belfort trying to pitch ole "Aerotyne International" at 6 cents a share ?? Why? And his proverbial question of, "Who buys this crap anyway" in one of the greatest penny stock scenes ever put to film?? Is it just me?

PPHM ain't pink sheets "yet", but it's clearly in "penny stock" territory at 38 CENTS a share.

https://www.sec.gov/answers/penny.htm

The SEC and numerous other sources (any institutional "fund", all retail brokerages essentially, etc) define a "penny stock" a pretty much anything trading under $5 a share, and certainly anything under $1.00 a share is considered a "penny stock".