Avid Bioservices Inc (CDMO)

[Carboat]

Any shareholder at this moment puts together a letter which focuses on making Peregrine management aware that they don't want any part of a possible reverse split. Again, I doubt this will happen but mitigation of risk is all what this is about...

So silly to think letters from retail shareholders will matter. pphm will have a good laugh over these.

If you own 1 Million shares and a RS of 1 share for every 10 every was put in play...... that leaves you with 100,000 shares but the price is multiplied x 10 also so all is good.

This idea that a RS is a neutral event is false. It is a VERY negative event for any company. It is an explicit acknowledement of failure.

ne step at a time to reach that $150 Billion market cap share for Peregrine/Avid+PS Targeting

Yes this failed bio with a marketcap of 95m or so will soon be worth $150 billion or about 150x its current valuation but ino hedge funds, potential bp, or other industry insiders know about this. Of course you would at least think pphm is aware of this. That explains all of the insider buying ....oh wait there is no insider buying - how can that be. 150x return you would think people would be mortgaging their houses to get in on that.