Replies to post #234212 on Avid Bioservices Inc (CDMO)

[cheynew]

They have 148 mil left on the ATMs. I have to believe that is enough to run a bunch of Phase I/Ib trials.


. As of September 9, 2015, $148,199,000 remained available to us under our two effective shelf registration statements, which allows us from time to time to offer and sell shares of our common stock or preferred stock, in one or more offerings, either individually or in combination.

[realist1]

RE "It truly sucks that you were right."

It always does.
Just remember....
No matter how low your expectations for PPHM, they will be too high.

The call was quite sobering.
How many YEARS tinkering with Bavi and they still find new angles to try. Now this PD1 is all the rage, next year something else, we've seen this movie a dozen times before always with the same bad ending for shareholders.

Only 2 things to move the price up:
1. big money deal
2. phase 3 data.

It should be obvious by now that #2 isn't happening until 2017.
It should also be obvious that #1 isn't happening until there's great data from Sunrise OR one of the new trials they are getting ready to start. In other words, more pain to come, and still a VERY long wait.
Want to know why PPHM is at a lousy ~24 cents pre-reverse?
Because it deserves to be.