Avid Bioservices Inc (CDMO)

[realist1]

RE "to get 20MM now at this cost is probabably the best we could get. "

I agree 100%.
My point is selling a good chunk of the company for 21.6 PENNIES PER SHARE pre-reverse is NOT a good thing. Actually it's just more evidence that things have got worse not better for PPHM shareholders.
PROOF based on historical financing's.
Heck, they got better prices when Bavi was in phase 1!
That tells us all we need to know about managements ability to "create shareholder value".

RE "Do you have another suggestion?"

Of course. Same idea I've had for YEARS.
SELL PART OF BAVI! (if it's actually worth anything).
That would INSTANTLY bring investors in.
Move the stock up!
Give needed credibility.
START the positive momentum needed to get this stock out of the toilet.
END the toxic dilution!