Avid Bioservices Inc (CDMO)

[realist1]

Realistic possibilities moving forward.
1. PPHM thinks Bavi still may have value and they don't want to destroy shareholders with dilution into oblivion at these OR LOWER price levels, so they make take the best deal anyone will offer. Of course it's possible no one will offer anything as it's easier to simply let PPHM die on it's own.
I give this "auction" a slim possibility of happening.
2. PPHM thinks Bavi still may have value and they don't mind further destroying shareholders thru dilution into oblivion and so it carries on business as usual. Note of interest, a 1 for 10 reverse without adjusting authorized shares (which is what they did last reverse) would enable them to dilute to the equivalent of 5 BILLION shares. Even at 5 or 10 cents per share, they could continue to do their thing.
I give this a very big possibility of happening.
3. PPHM accepts that they are done with big trials and has massive layoffs to conserve cash and focus on Avid.
I give this also a small chance of happening.
If it was, where's the PR for layoffs?

Unfortunately from the history of these operators, #2 is most likely and very bad for shareholders. "the market" knows all, and that's why the stock is behaving as it is.

Any other realistic possibilities besides the 3 I've described?