Avid Bioservices Inc (CDMO)

[Dragon Lady]

Quote NO LOL, "PPHM REVERSE SPLIT (if ANY) earliest APRIL 2016!"

Uhh....NO.....WRONG. SEC filings...they're there for a REASON.

TEN DAYS "PRIOR" to April 10th, 2016 is THEE LAST, LAST, LAST possible DAY to enact the REVERSE SPLIT needed to regain NASDAQ price compliance of $1 LOUSY BUCK PER SHARE MINIMUM, which is thus the LAST DAY OF MARCH.

And no freaking way in H does the company wait till thee last day to split the shares- risking a legal or paperwork "snafu" that allows them to get knocked off the NASDAQ. MID MARCH would be the longest they wait IMO- no freaking way to they cut it to the LAST DAY, which is March 31st.

https://www.sec.gov/Archives/edgar/data/704562/000168316816000298/peregrine_8k.htm

SEC 8-K, DELISTING NOTICE FROM NASDAQ:

"If the Company chooses to implement a reverse stock split in order to regain compliance with the Minimum Bid Price Requirement, the Company must complete the split no later than 10 business days prior to April 10, 2017 in order to timely regain compliance."

Again, SEC FILINGS, they're there for good reason.

About 87 TRADING DAYS and counting down to REVERSE SPLIT NUMBER THREE DAY....nothing spells FAILURE better than two words, "REVERSE SPLIT", LOL !!