Avid Bioservices Inc (CDMO)

[pphmtoolong]

Interest in Peregrine seems as low as the share price. Not much volume, not much posting here. Before the apologists start spinning lets face the obvious. The investing world has passed us by. Just another car wreck on the shoulder waiting for the tow truck. Even the lookie lous aren't slowing down to take a peek.

Sorry for the depressing observation. I sincerely hope Peregrine management has some understanding how low their "brand" has fallen.

Not necessarily the end of the Peregrine world, but time for management to realize they are in a new world. If they want to get back to a sunnier place, they have work to do.

Stop acting like a company on the verge of success. After the Sunrise halting success is no where in sight. Show investors three things. One, management needs to tighten the financial controls. Starting with their own comfy salaries and moving on to slash other non-Avid expenses. Do it soon. Do it publicly.

Second, show investors industry leaders recognize anti-PS value in the only way that counts, a comprehensive partnership. You know the kind serious partners negotiate: upfront money, milestone payments, royalty terms,etc.

Third, fight like hell to avoid a reverse split. If it is unavoidable, find a way to sweeten the pot for shareholders. Make it compelling.

GLTA, Paul