Avid Bioservices Inc (CDMO)

[4OurRetirement]

Thank You For Helping Clear That Up. I...

also compared the Pre14A and Def14A documents trying to find where they changed wording to imply they will no longer will apply for the 6 month NASDAQ extension, but could not find anything to indicate a change or imply they would not if it is needed. In fact, they actually state, "The Board of Directors has considered the potential harm to the Company of a delisting from The NASDAQ Capital Market and believes it is in the best interests of the Company and our stockholders for the Company to regain compliance with the minimum bid price listing standard." I think that should be at least a little reassuring that they don't plan on letting PPHM fall off NASDAQ and become an OTC stock.

As far as I can tell, PPHM still plans on applying for extension if needed, but are not willing to decide today what may or may not be needed up to 8 months in the future.

Just like they are still asking for the possibility of the reverse split, but reserve the right to make a RS at less than 7 to 1, OR even NOT do a reverse split if it is not needed.

Glta StockHOLDERS!