Avid Bioservices Inc (CDMO)

[pphmtoolong]

CP, my assumption is a solid partnership would cover enough development cost to spare Peregrine additional dilution from the ATM sales.

My point is no scientific information will restore investor confidence. Certainly nothing about the Sunrise control arm.

If Peregrine can move forward without ATM, pipe or other dilution, maybe we can get back above a dollar. The threat of a reverse split must be removed by management financial action. A zero burn rate or solid partnering deal might do it.

PRs about how great Bavi could be or how weird the Sunrise control arm data was will not prevent the need for a reverse split. The last one for five split just led to even lower share prices.

GLTA, Paul