Avid Bioservices Inc (CDMO)

[Carboat]

Real chance of BK at this point. Lawsuits coming, they may just reorg, sell ip, and start fresh. Of course that would wipeout existing equity holders but would allow them to raise new funds to go back and redo trials. How else are they going to fund a new set of trials, this one is clearly going to be totally rejected and given the loss of credibility ... Not to say there won't be large % moves nor am I weighing in on BAVI efficacy just don't see how the company and this team survive the next 12 months.