Avid Bioservices Inc (CDMO)

[jakedogman1]

my guess is capital raise before qtr end 1/31.... Lias said going concern is a problem w/ getting biz... about $23 mil current cash est or less if more restructuring charges ... r&d spend is down so 6 qtrs at $4 mil burn rate is $24 mil plus capital exp so they probably have to raise some cash to keep the ball moving forward...

They filed the s-3... are the noble folks cutting a deal for a private placement?

this may have nothing to do with IP value ... the ip could be worth something or nothing but the timing to find out could be off... they have to plow ahead ... as much as ronin bitched about dilution, one would think they would do only the amount needed for going concern...

And given Cook was just bought out for ten times revs, it would make sense for that acquirer to go after AVID