Avid Bioservices Inc (CDMO)

[biopharm]

"Maybe the letter should have stated to cease all pre clinical activity and place all future clinical activity on hold until the company is on firm financial footing. "

BINGO you win

No vote for Ronin I say when Ronin says "Peregrine must immediately cease all clinical development activities" and Dr Jedd Wolchok already backing PS Targeting ....spoke out for PS Targeting and would be at risk of being shut out due to Ronins way of thinking...

Any current clinical development activity ( like MSK and NCCN....etc ) must move forward and Ronin must be a no vote unless Ronin makes big changes

Sounds like Ronin backers don't want Dr Jedd Wolchok aligning certain parties with PS Targeting and is this why Ronin said Peregrine better not do a deal without a vote?

If Peregrine makes a good deal that gets the pps up in $45+ then it would likely not be thwarted by Ronin ....time will tell