Replies to post #266550 on Avid Bioservices Inc (CDMO)

[Threes]

There should not be a reverse split.
PPHM is an OTC type investment. Many OTC stocks trade $7.00 and more.

There only reason for a reverse split is the ATM.
With 60 million in the coffers and running only clinical and small, phase 1 trials through a third party, MSK, NCCN, AZN they don't need the ATM.
IF THEY DO A RS THEY SHOULD BE SUED. I hate legal scum bags that use CA's to benefit only themselves because shareholders always get screwed by those bottom feeding waste of life bastards this BOD will deserve their abuse.

SOOOO move on AVID, reduce cash burn cut BOD compensation, PS if come maybe would not hold my breath.

[Carboat]

Avid future profitability may support a market capitalization well above our current 100 million

That is a long way off - years past the next RS. They need 40+ million PROFIT for 100m Avid valuation. That is 150+m in revenue AND the elimination of non-mfg overhead and appropriate comp plans for a mfg. company. It could all be avoided of course.

1) Sell off everything pphm/bavi. Put it in stronger hands
2) Monetize tax credits
3) Remove pphm/bavi staff change bod

You would have Avid growth, lean fast growing specialized bio-mfg with no conflicts, and a bunch of cash ..... and a share price of $2-ish ? A 5 bagger or so from here.