Avid Bioservices Inc (CDMO)

[realist1]

RE "Cash and revenue unchanged."

Yup, unfortunately cash will be declining on an ongoing basis, and revenue is insignificant for a company with this many shares.

PPHM was a 1 trick pony and the pony died yesterday.

They'd survive if they cut staff drastically and sold off everything possible, but this team has never showed they are willing or able to do what it takes to preserve any shareholder value.

The market's vote of "no confidence" is well earned.