Avid Bioservices Inc (CDMO)

[Frustrated]

Its obvious Peregrine has been in talks with "several" and probably "many" Big Pharma types and it will all be speculation except for the very final one that makes them the offer.

Can you explain in more detail how it is obvious? I believe it is obvious by the low price of the huge ATM usage and the conversion price of the preffered shares that if there were indeed talks going on then it is not going well or there is not a bidding war between two pharmas. "Many" big pharma types and yet mgmt gave away another 1o percent of the company in the $1.70's and couldn't even get $3.50 for the preferred. Unless of course $3 is the worth of the company. It is alleged that mgmt had a deal with a pharma before the tainted trial and yet at that time the stock went above 5, yet with all the obvious things going on now the stock is $1.75. Go figure. All imo.