Replies to post #89064 on Avid Bioservices Inc (CDMO)

[cheynew]

Small correction: King said 15 meetings, not 15 BP firms.

[asmarterwookie]

biopharm...respectfully..15 meetings..not 15 BPs.

Approaching 5 million and a close above $2.40?

wook
it
up
baby!!

wook

[pelion1]

S King never said no dilution. He said less dilutive and mentioned warrants.

His exact words from earnings call transcript 7/16/12:

SK: "Our next immediate focus is to secure a less-dilutive debt-financing vehicle similar to a term loan."

"There are different ways to structure these deals. Sometimes they might have a slight warrant coverage component to them and sometimes they don't."

my note - you'd have to be naive to believe there won't be a warrant kicker or else funds will be reluctant to participate.

[realist1]

RE "1) no more dilution
2) Debt financing via Avid revenues to gain leverage in BP talks
3) currently in talks with 15 BP's...face to face meetings with 15 different BPs
4) lots more but this alone speaks volumes from our little Peregrine of years past...."

I'll address these one at a time:

#1. Really? I doubt PPHM management said "no more dilution"
Post a link with that quote or your #1 is trash.
#2. Link to news please? How much is the loan? How long does it supply their cash needs before more dilution is needed? Term? rate? collateral? How does it get paid back by a company that burns cash every quarter!? Oh, probably future DILUTIONS!
#3. "talks with BP".....yeah....wow..........heard that story a dozen times before with no results. Let me guess, you think this time is different? Somebody thinks that every time and they have a 100% record of being wrong!
#4. Well, #4 you didn't really list anything!

Sounds to me like you are jumping to positive conclusions with not much substance. That hasn't worked out very well for people with that attitude in the long history of this stock.

[realist1]

RE "1) no more dilution"

Well I read the recent news about the loan.
I couldn't help to notice the word "warrants" in there.
You guys understand that warrants convert into shares?
============> MORE DILUTION!!!!!

So much for #1.......