Avid Bioservices Inc (CDMO)

[geocappy1]

What if we just sell 20M (25% share) to a BP for say $100-300M ($5-15 per share) with 1st right of refusal to buy out 100% in the future? The BP get the inside track for a potential blockbuster drug in return for a reasonable amount of money and risk. If it turns out to be a blockbuster they hit a home run since they got the 1st 25% cheap and if it flops it turns out to be fairly inexpensive in comparison to their own drug failures and relative to BP's overall balance sheet.

Everybody wins. We get the money we need to develop our potential blockbuster and BP gets the inside track. Shareholders get an increased pps if they want to get out or they can hold pphm for the end game.