Avid Bioservices Inc (CDMO)

[pphmtoolong]

eb0783, are you suggesting that the share price collapse does not reflect lack of investor confidence? Of course, it does.

Fear of de-listing leads to fear of a reverse split, which will further erode investor confidence. The actual reverse split will lead to more erosion. This would be very expensive for shareholders, and Peregrine management would find it even harder to raise money.

As they say this is not rocket science. Clearly, Peregrine management must act to restore investor confidence, and they must do it soon.

I don't like this any more than you do.

GLTA, Paul