Avid Bioservices Inc (CDMO)

[Krakonos]

corporalagarn you must be making honest mistake.

"If they could have done this deal a year ago, they would be paying back over $1.1mm per month currently on this loan? Where would this money come from?"

First trench is for 15 million, right? They may not even tap second trench!

8% interest for full 12 months period on $15 mm (without paying down principal) equals to $1.2mm
Therefore monthly "cost" on this assumption is 1/12 of 1.2 mm which is equal to 100K.

In my opinion PEREGRINE can pay $100K per month interest easily from their AVID revenue without blinking an eye.

Your # for monthly interest being over $1.1 mm doesn't add up.

Please correct me if I am wrong.