Avid Bioservices Inc (CDMO)

[biopharm]

Frustrated, you are completely wrong.

I don't know how many times this needs to be explained and makes me wonder what the point is to keep bringing up Garnick and why he is not an employee vs his current status = consultant, which is basically an independent contractor for all purposes. There are advantages to both Peregrine "AND" Robert Garnick to have it the way it is and hopefully this will be the last time it needs to be explained: I'll just point out one of the many advantages...

You can also take advantage of many business-related tax deductions that are not available to employees. When you're an IC, you can deduct from your taxable income any necessary expenses related to your business, as long as they are reasonable in amount and ordinarily incurred by businesses of your type. This may include, for example, office expenses (including costs associated with a home office), travel expenses, entertainment and meal expenses, cable TV and magazine expenses, equipment and insurance costs, and much more.

http://www.nolo.com/legal-encyclopedia/being-consultant-freelancer-or-contractor-29593.html

Frustrated, you do realize Rob Garnick has his own business... right? : )

Just as tax inversions are being sought for tax benefits, the same is said for all consultants and the tax benefits they enjoy. Peregrine also saves taxes as well and they are able to pay Garnick his proper worth, which just may be priceless after all is said and done and the first of many FDA approvals are achieved.

Now back to this microscope... unbelievable, within hours of Bavituximab I think I see changes at the cellular level.