Avid Bioservices Inc (CDMO)

[realist1]

RE "I do wonder how it can be valued much less than .39 cents with the assets and cash it has."

Because value means nothing.
Trading dynamics mean everything.
Ask yourself what happens when PPHM wants to raise more cash via the ATM.
Another $100 million would take 250,000,000 SHARES!
Of course it won't hit all at once, but ask yourself what even 1/10th of that would do? ~25 million shares SOLD into the market. You have any idea what that will do to the share price? Then the next amount of cash needs to sell even more shares for the same dollars, and so on and so on.

ATM selling.....
people wanting out before the next reverse split selling.....
Index/Russell funds selling....
And who's sucking up all that volume?
It's not happening at 40 cent's.

It's called dilution into oblivion.
But don't mind me, I've only been exactly right about this stock for ~10 YEARS now.

If PPHM doesn't want their stock to go to 10 cent's (or less) they better start massive layoffs, and hope some BP/BB is desperate enough to want to add a drug to their portfolio for a few tens of millions. but I doubt it will happen.