Avid Bioservices Inc (CDMO)

[realist1]

re "if it goes to zero Pphm won't have to pay a dividend."

That brings up an interesting point/question....
Maybe dilution into oblivion wont happen.
Since the preferred requires a dividend that will be harder and harder to pay over time, if PPHM does not pay the dividend, can that force them into BK? As the stock drops it takes more and more shares of dilution simply to pay the dividend which doesn't leave cash to operate. This thing could collapse quicker than I thought.
But, I've always been overly optimistic with PPHM.

Hard to imagine any BP/BB interested in PPHM now at any price, but if there is someone willing to toss a few million on a gamble, King and clowns better take it rather than go dilution into oblivion route or I expect breach of fiduciary duty lawsuits (the REAL kind) will be keeping them up nights.