Avid Bioservices Inc (CDMO)

[djohn]

JJ, I agree with you and md that begining new trails with financing not clearly understood would not be common practice. But we are talking Peregrine Pharmaceuticals here! Common practice for ever for PPHM has been sell more ATM for financing things. Why would that change? Go into things with the good intentions of a partner then when it doesn't happen go to the ATM. Peregrine MO.

PPHM had cash on hand of $55 million Jan 31st(10k) and the PR yesterday stated April 30th cash on hand of $68 million. Almost $13 million more in 90 days and cash burn high because of Sunrise Trial and pps being around $1.40 less commissions we had to sell a heck of a lot of shares in that 90 days to have cash on hand of $68M April 30th.

Guess What? We are running out of authorized sharesJust look at the last 10k!

Gin up the investors with these amazing new trials that will make PPHM pps Astronomical and make BP's rushing the door.

Then BAM! PPHM management and board comes to shareholders, we need more shares to sell to get money to complete these amazing trials and bring and pps to astrononical levels.

I don't think BOD would try 1 for 5 reverse split and leave authorized shares at 325 million like last time? Remember?

I hope this does not happen, and I hope we partner soon! I also hope PPHM MO has changed!

I've just been here too long(15 years) and seen to many things happen with PPHM for this not to pop in my head.