Replies to post #272479 on Avid Bioservices Inc (CDMO)

[biopharm]

Excellent post CP and all should read. I also don't see how one could try to say Peregrine has turned into a manufacturing company. I know I must jump ahead at times but along with IO combos I hope Researchers see the connection with flipped PS and just like how targeting this flipped PS can allow organ transplants last just 24-48 hours longer makes a big difference... finding the PS Targeting ways to make crops/food supply last longer will also pay big dividends. I still say Bayer Crop Science would be the perfect start for an announcement

Now back to my wheaties and almond milk for breakfast

[corporalagarn]

CP, the facts are that the management team failed again and were forced to change course. Avid is their only viable option at this point. Cotara failed, Bavi failed and the Dios deal didn't pan out. If they can generate sales of $60m and cut R&D to about $0, they can break even. What a rousing success that would be. Based on their history of failure, I'm not even sure they can do this. They put in a two year plan to profitability and proceeded to miss their first quarter revenue projection by 50%. Tough start. I honestly don't understand where this confidence in management comes from. Is it their success so far with this company, down 95%? Maybe it's their successes at Patriot Scientific, Ecotality, and the other pink sheet company that they ran into the ground. After all, these are the stated reasons that CJ is qualified to be COB. Their one moderate success has been Avid. The plan for Avid was to mass produce Bavi once it got approved. Oops.

[ku]

Cp, thanks for the response. It makes sense but I still hate to go thru another RS. One more question you quoted

"One expects the common stock on the shelf and the conversion rate of PPHMP to be corrected as well on order not to dilute the voting power of outstanding shares as a reverse split must be 100% NEUTRAL IN ALL ASPECTS RELATED TO THAT STOCK"

Do you think that is going to happen based on the wording in the proxy? Thanks in advance.