Avid Bioservices Inc (CDMO)

[patientsdeservebest]

there is no way forward. They have $60 million in the bank and the market cap is $90 million that means PPHM ( including Avid) is worth $30 million. They will limp ahead and SK will continue to be paid. One good thing is that if they stop all the trials their cash will last longer. They do need some cash to pay the preferred shares and the crazy salaries of the gang that couldn't shoot straight as well as Garnick's $500 an hour.

There was never a doubt it would end this way, not with a bang, but a nice retirement in Orange County for SK.