Avid Bioservices Inc (CDMO)

[pphmtoolong]

Jeff4iam4, I don't think we are exaggerating the damage shareholders will suffer if Peregrine management does not act quickly to shore up the company finances. Will the company survive without immediate action? Peregrine does have some cash in the bank and Avid does generate more.

However, shareholders have already been hammered hard, and unless Peregrine management acts quickly, there is every reason to believe the hammering will continue. Why buy or hold shares of a company facing de-listing and a reverse split in months?

Peregrine is probably in no danger of immediate collapse. So, the folks in Tustin will continue to get paychecks for some time. Shareholders will not be so fortunate unless Tustin acts to support its shareholders by slashing the burn rate and/or inking a good partnering deal. No reason to expect either alternative at this time.

Prove me wrong, Tustin.

GLTA, Paul