Avid Bioservices Inc (CDMO)

[pphmtoolong]

bidrite, I am afraid your memory is good. Peregrine management is not facing reality if they think equity markets are a viable option.

As long as the share price is below a dollar, there is a strong likelihood of a reverse split. Who in their right mind buys into a reverse split?

Peregrine management needs to look at other options. Partnering or a development program funded principally by Avid. Perhaps, the share price could move back above a dollar if management can sell us on their ability to fund the company without ruinous dilution.

Paul