Avid Bioservices Inc (CDMO)

[volgoat]

hdofmytime:

It appears PPHM is working on some real financing as we speak.

King said they have been talking to investment banks and Institutional Bio-Tech Investors. I take him at his word.
Partnering too, once shareholder value is built, which could be in the works now too.

I do not think we are at the mercy of traders/shorts any longer.

The trading has changed since late Jan, No huge swings, no violent sell offs and today was the first day we closed below the 50 dma(.01c below) in some time, on low low vol, too. Like BigOnTarvy said, the longer we go with no UU PIPE, the more likely a legitimate financing occurs. I agree 100% and the fact we still haven't seen one is even more telling. Throw in King and Co getting options for milestones met, Swartz still buying regularly and no cash bonuses for mgmt all seems to confirm the UU days are over. So now we wait for the new financing package. Roth? VC Funing? BP? and some Govt $$$?

It is getting to the time line of multiple PR's too. King spoke of many things that will happen in the first half of 2006 and items that would be completed by the end of 2006, so he can't wait too much longer before announcing them. ...

And all of these PR's will come after Human Data and after the traders have been churned out of the stock. The day after we hit $1.76, we closed at $1.45, so now we are .20c lower and institutions have been steadily buying this churn...Otherwise we'd have been sub $1.00 long ago. Also, if King did obtain Investment Banking Financing or Institutional Bio-Tech Financing, you can be assured they are buying in vol and at their price. They'll give PPHM the Money, and they'll make it all back as the PPS rises.They just need to be convinced that the PPS will rise. and I think that has been accomplished..


All is good so far...