Replies to post #297839 on Avid Bioservices Inc (CDMO)

[ststephensrevenge]

King can end the shareholder misery in an instant. I would guess NASDAQ made the extension contingent with ending the country club BOD arrangement.

This nonsense has been allowed to go unchecked for way way to long.

Sleepless nights for the BOD as a result of the extension demands would be a beautiful thing for shareholders.

I believe the rape and pillage party is now over for them.

One can hope.

[corporalagarn]

You may be right about the extension implying that something good is in the works that will get us over a buck. I hope so. Based on the share price, the recent trading, and the history of this company, I have my doubts. I think that it is just as likely a show for the shareholders, and they hope that the increased revenue for AVID will get the share price over a buck in the next few months. If not, oh well, we tried, let's get on with the rs. They will receive an A for effort from many. Somebody else will be blamed, not sure who. Likely the mysterious "they" who have been keeping a lid on the pps for years and years for some unknown reason.

Unlike all other posters here who have facts and support for their opinions that PPHM is worth tens of billions and strikes fear in all BP, this is only my opinion based on what I have witnessed out of this company for the past ten years or so as the sp has dropped about 90%.

[biopharm]

I agree re: no more dilution

Dilution may be desired by an incoming partner to secure and lock down a certain % of PPHM like close to 50%

If the company had ANY knowledge of early discussions and what that partner desired then the asking for the extra authorized shares and doubling back ( as they sat on dozens of collaborations news and the biomarker reasons for cutting Sunrise early....etc) would secure Peregrine in the hot seat for motives taken to have the audacity to try and continue on a path of a rs....etc

I believe legal advised them go for the extension or risk a class action type of lawsuit and now NASDAQ is allowed to ask for undisclosed info ( just like John Stafford can be told about undisclosed info and enter into an agreement to remain silent...)

Add it all up and Peregrine must disclose undisclosed info to NASDAQ and I even will go further into requesting all those on the appeals panel if they are fit to rule on this decision if it does not get granted....

The small chance it does not get granted will be ....because of Peregrine's failure to provide the right info or the NASDAQ panels failure to request ALL undisclosed info to make a proper ruling

[The Other Guy]

What if NASDAQ does make a BOD change contingent for an extension? BOD can still refuse and go the path of RS. We will never know.