Replies to post #96863 on Avid Bioservices Inc (CDMO)

[themurphman]

I believe PPHM also had to pay 1M in interest. So the total they had to repay was ~16M

[Ronnyg]

It was a one million dollar hit because they paid interest of a million on a loan they didn't use, however that loan helped attract and raid the stock price so maybe it was just the price to pay

Once the good pr comes out there will be people willing to lend them money again especially that at that point they will have cleared up all the doubts

[Thurly]

http://www.fool.com/investing/general/2012/09/27/peregrine-pays-the-price.aspx
Peregrine // ...on Tuesday, it returned the $15 million it had drawn on the loan, along with accrued interest and a $975,000 "final payment fee." All told, the damage was right around $16 million. Assuming the company doesn't attempt to access capital through an equity offering, it now expects to have enough cash to operate through the end of April 2013, about seven months.