Avid Bioservices Inc (CDMO)

[realist1]

There's been talk of "imminent" for at least the ~12 years I've been unfortunate enough to follow this trash of a stock.
Since then there's been a ~95% LOSS of shareholder value.

There's been nothing "imminent" over those ~12 years but MORE DILUTION and more disasters. Bavi has "Busted" more times than is easily remembered.
Now these bozos are trying to morph into a company that brews drugs for others (i.e. Avid) and still incinerates cash! And yet they still try to pump the stock a couple pennies with more pre-clinical mouse nonsense. Never did mean a thing - never will. Every spike is a selling opportunity, but every spike is at a lower price and for less pennies.

PPHM is most definitely NOT undervalued.
I can show you biotech stocks that sell for LESS than net cash on the
balance sheet and none of them have the record of extensive failure by management as PPHM!

There's no bottom for this stock.
My expectations have been proven correct over the years.
Here's another one.....
After the NEXT reverse split you'll see the same thing as last time -
A massive drop in the stock price.