Avid Bioservices Inc (CDMO)

[pphmtoolong]

Agreed, geo. I bet Peregrine management was as shocked as the rest of us by the Sunrise halt.

Now is the time for them to show they understand how radically their situation has changed. Time is no longer their friend. No one is going to throw money at them anymore.

Avid is the only jewel in their crown. They need to put maximum effort turning it into a profit center big enough to carry the whole company for an extended period of time.

Bavi development has to be put on the back burner until they stabilize their finances. Otherwise, they will run out of cash, Then, they will be forced to dilute the hell out of anyone dumb enough to hold onto their PPHM shares. The exodus of existing shareholder will further depress the share price, lead to more dilution etc, etc, etc until the end of Peregrine.

I want to see Peregrine succeed. I hope to see signs soon Peregrine management takes the painful steps necessary to ensure long term viability.

GLTA, Paul