Avid Bioservices Inc (CDMO)

[Genecloner]

We have confirmation on my "feelings".

I know the guys here are going to nail me to today...as in you said "today"...yada yada yada....

It is today...the news just has not been released...there may be time limits post security release that precludes a release until the end of the week or beginning of the next...?

It appears from this source that it is a highly technical merger.. a carve out.. but not the traditional 20% deal. We get a partner (likely GSK) cash is stripped out of PPHM prior to them entering...they enter as a partner and offer Developmental and Marketing expertise and PPHM retains it's name quite possibly...there may be a time limit on the partnership and maybe not. The agreement has a de-merger clause. Said company is pushing for more..King is holding steadfast and has his own personal reasons..but that's where it was at sometime time in the last week or so as it pertains to the GSK talks.....

The incumbent partner's share price is said to be around $60 and for every 2 PPHM shares a share of the incumbents stock is exchanged. PPHM investors hold onto PPHM stock. PPHM EOD share price is targeted at around $8/sh.

Now with the credibility i have nobody is going to believe this and I don't understand a lot of this as it's not my area of expertise.

Any of this make any sense??