Avid Bioservices Inc (CDMO)

[realist1]

RE "A partner that TAKES 175 million in shares for a $500,000,000 "

That math doesn't work.
That's $2.857 per share.
Dart paid what, $1.08?
We now have proof that he/they overpaid significantly.

Let's see......at 40 cents the next $100 million will cost PPHM shareholders 250,000,000 shares. That's roughly a DOUBLE of shares outstanding OR a 50% LOSS of everyone's Bavi stake if bavi is actually worth anything - which is a highly doubtful at this point.
I should say an additional 50% LOSS of Bavi stake since it's been whittled down to the extreme already by numerous and unending dilutions by the idiots in charge that didn't deal YEARS ago.

Bavi did have "astronomical value". That value was $1.08. Heady days indeed they were.........
Reality has struck.