If they announce AZ and SK are pulling the plug you might see another haircut. I do think at these levels Avid alone is easily worth the price never mind the cash. As a shareholder you might be better off with PPHM just focusing on AVID and selling BAVI for whatever it might still be worth. AVID gets to $100M annually and you could have a $1.50 stock which would be almost a 5 bagger from the current level.
I'm even surprised they couldn't get some bounce off the .40 level as I figured it would at least get back over .50. At least we aren't at $50 and we can buy as much as we want.