Replies to post #308573 on Avid Bioservices Inc (CDMO)

[InternetForumUser]

What did Peregrine do increase the PPS to over $1.00, so a REVERSE SPLIT wasn't needed. NOTHING NADA... As a matter of fact, Peregrine made sure the PPS wouldn't go over $1/share by selling close to 10% of the company through the ATM at $0.70/share or less.

Management Team say one thing but do the complete opposite.

RONIN is the only other option at this time and the only possibility to recoup some of my investment. The current PPHM Management Team is just slow bleeding shareholders dry.

[ststephensrevenge]

If the management doesn't step up to show support for the company now and buy a big wad of shares with their spoils, why in the world should anyone else buy the stock now?

They just got asked in a public forum to resign. That doesn't happen every day.

A wet paper bag shows more fight.

Since their positon is basically defenseless, they chose to hide. The conclusion that I arrive at is that Ronin's scathing letters are true.