Avid Bioservices Inc (CDMO)

[pphmtoolong]

IFU, Peregrine's plan to

maintain their gravy train

is to become profitable. Not too many profitable Ponzi schemes.

Given Peregrine's track record, I don't believe management expects to sell enough post-RS shares to support the company, unless they show irrefutable evidence to new purchasers of a very good chance to make money.

Skepticism regarding Peregrine's future is fully warranted. However, Avid is a real, rapidly growing, profitable business. Bavi is not quite dead, and Peregrine's continuing Bavi efforts are managed in a low cost way in the hands of credible third party researchers.

We'll see if Peregrine management can rescue the company from what is clearly a difficult situation.

GLTA, Paul