Avid Bioservices Inc (CDMO)

[realist1]

RE "Dear Peregrine, please do something to make them shut up"

I'd ask you to consider the track record on that front.
When a batter steps up to the plate when he's zero for the last 100 at bats, I'm pretty sure I can predict what's going to happen!

Seriously, we all know by now these guys got nuttin but talk, cash burn and dilution - oh and failed trials and entrenched management/BOD.
NEVER a good recipe for future investment gains!

IF they believe Avid is being undervalued by the market why not spin it out and show us how much it can earn and get its rightful valuation?
But..............we all know why.

If Avid is should be worth more than $1 per share that means the reverse split could be prevented an AVID spin off SHOULD have been part of the strategy (haha) - but again NOT part of the strategy.

Anyone care to ask team PP why they don't want to spin out Avid WHILE retaining a majority ownership stake? No good reason not to if they believe the value is being understated , especially with the NASDAQ delisting/reverse split looming.

As always a little simple logic exposes this company for what it is.