Avid Bioservices Inc (CDMO)

[pphmtoolong]

Agreed, cheynew. Peregrine management must show investors it can finance the company via internal sources - Avid, or a partnering deal with significant cash.

Otherwise anyone can see yet another reverse split in less than a year. While such a split would keep Peregrine on NASDAQ, it would lead to a continuing spiral down in the share price. This is not just my opinion. It is what happened after the last one for five reverse split.

Management either operates in a fiscally responsible manner, limits expenses to revenue, or risks continued investor flight. Now is the time to act.

If we see no proof of management's ability to achieve financial stability, I think we know where this is going.

GLTA, Pa