Avid Bioservices Inc (CDMO)

[Protector]

Well if a gross profit that covers 15% of burn-rate doesn't mean anything for a small cap biotech that normally has no REGULAR and CONTINUES revenue and depends on giving away its pipelines for breadcrumbs to BPs that will milk the cow if it get somewhere then I don't know.

Furthermore, as of JUN 2015 that revenue will likely start to double with a BACKLOG of 29 Milj$ and a new forecast of 23-15Milj$ and a new facility that allows us to produce all that in half of the time.

Double revenue means PPHM has about 5Milj$ per quarter gross profit. Furthermore the gross profit should drastically increase when in the new facility we use single use reactors instead of the old ones, as announced.

So PPHM is heading to sponsor about 25-33% of its own burn-rate and that for a small cap biotech. Find another one.