Replies to post #272990 on Avid Bioservices Inc (CDMO)

[realist1]

RE "Management authorized the 500 Million Shares. When the RS happens, it will be for 1:7"

Let's have a little fun with math.
Purpose: to see what value destroyers the crew at PPHM really are.

Given: 500 million authorized shares.
Assumption: 1 for 7 reverse split.

Let's not be concerned with the 1st reverse split that I've heard about as that was before my time. Let's just go with the one from 2009 and forward.

So......IF it is a 1 for 7 AND knowing there was a 1 for 5 reverse in 2009,
that means 1 for every 35 after the next reverse and compared to pre 2009 reverse split.
So....PPHM has the power to create/issue (in pre reverse 2009 terms)
35 * 500 million =========== 17.5 BBBBBBBBBBBBBBB-illion shares
in pre-reverse 2009 terms.

So, if PPHM (by some miracle) achieve a $1 BBBB-illion market cap,
to a pre-reverse 2009 shareholder that would represent a WHOPPING
5.7 CENTS per share payoff for BAvi the "wonder drug".

Wow..................5.7 pennies PER share per Billion of market cap
(assuming all 500 million authorizes shares become outstanding).

Again, 500 million shares backing out a 1 for 5 and a 1 for 7 reverse would be 17.5 BBBBBB-illion.

[InternetForumUser]

I must be a seer...NOT, this company is a semi-ponzi scheme run by a group of money grubbing clowns. All they do is present carrots to bilk investors out of their money.