Avid Bioservices Inc (CDMO)

[Frustrated]

Before the ATM, funders had required issuance of warrants, which quickly served to help drive down the pps, punishing the stock. PPHM has managed to raise enough funds with the ATM and that last private placement to keep things funded into the summer of 2012, which is the timing by which we expect most of the ongoing trial results to be ready for release.


Can you please state when the last time PPHM did a financing deal that included large warrants? I for one can't remember one. Even the pipes did not include warrants. One can make a strong argument that the ATM is punishing the stock!