Avid Bioservices Inc (CDMO)

[pphmtoolong]

biopharm, Sunrise failed in the only important sense. It did not take Bavi to the FDA for approval. Any suggestion otherwise is wishful thinking. Ain't gonna happen. I say this with zero pleasure. I still hold the maximum number of PPHM shares I've ever had.

Not only does the Sunrise failure delay, perhaps end, Bavi's commercialization, it puts the company in the delisting, reverse split box. A very bad place to be.

My faint hope is management goes into crisis mode, like it did after the Fargo Fiasco. If it faces the new reality, it might just find a way out of the delisting, reverse split box. Otherwise, we have much more pain coming.

GLTA, Paul