Replies to post #282714 on Avid Bioservices Inc (CDMO)

[JJ1223]

We been hearing this for years ,if the seller is PPHM would you have to believe its negative otherwise they would have disclose any take over?

180days from receipt of letter, and then another 180 after extension
request filed with a plan to move the PPS above $1.00

If they are serious about getting above $1.00 Peregrine is going to have to start talking to potential shareholders about the things that will get the price moving north. IMO, Tuesday of this week is when the transparency must begin. Updates on biomarker analysis, other trials under consideration, AZN relationship (partnership),Exomes test update, and Avid expansion plans are all critical information that CEO SK must make clear. There is no longer a reason to hide in the shadows. Update the outdated information on the Peregrine website and change the company approach to communications. There is little to lose at this time, as the failure to present a clear picture on company direction and strategic plans has been met with an artificially low share price.

This would seem logical for a company that wants the share price above $1.00 prior to the April deadline. If they make little or no effort, my belief will be that they are managing the company toward a reverse split, regardless of Kind's comment at the ASM.
I hold a long term belief that the only way the Avid expansion plans are realized, is with a partnership or a reverse split.

[itsabouttime]

Check SEC Filings you will see extension granted.