Avid Bioservices Inc (CDMO)

[Frustrated]

Just to make sure newbies are aware of the total story and events that actually happened so that they may make their own investment decision. Courtesy of Corp.

All of the following took place under the current management team and, in my opinion, is why we are at where we are.

The $50 million dollar DIOS hoax that was perpetrated on Wall Street by this crew, May, 2007.

http://ir.peregrineinc.com/releasedetail.cfm?ReleaseID=266038

The reverse split to stay Nasdaq compliant, October, 2009.

http://ir.peregrineinc.com/releasedetail.cfm?ReleaseID=416393

The Stason "deal", May 2010.

http://www.biospace.com/news_story.aspx?StoryID=178872

The 80%, one day drop in the pps due to "major discrepancies"

http://ir.peregrineinc.com/releasedetail.cfm?ReleaseID=708954

Outstanding shares on September 30, 2009, 45m. Outstanding shares current, 180m. Dilution by a factor of 4 and no end in sight.

Insider ownership, less than one percent.

Chairman of the Board of Directors.

http://ir.peregrineinc.com/directors.cfm

Most of these things are in the past but they all matter. It is how the company is judged. Putting out a pr about bird flu or ebola when they are hot to get a quick, temporary bump in the share price is not viewed in a positive light. Mentioning that you are in partnership talks for over ten years and not having anything to show for it is not good. Switching from King to Worsley in mentioning partners does nothing. King is likely too embarrassed to say it any more. Good for him.

Maybe this post should be a sticky that people can be referred to anytime somebody asks why another company is where it is at in relation to PPHM.

I realize that none of the above matters to many here, but it matters to Wall Street and institutional investors. It is why the pps is what it is and the institutional holdings are what they are. The pps means nothing to many here, that's fine. It does mean something to me. I am currently slightly under water on this stock and I would like to make some money on it. I guess 2017 is our year.

Also, this is the qualifications of our handpicked COB courtesy of Corp.

"The Board of Directors concluded that Mr. Johnson should serve as a director in light of the extensive public company finance experience that he has obtained through serving on the boards and audit committees of Patriot Scientific Corporation, CryoPort, Inc. and Ecotality, Inc."

Patriot Scientific closed yesterday at .0409.

Ecotality, currently in bankruptcy, closed yesterday at .0091. Less than a penny. On the bright side, that is up almost 50% from the day before.

Cryport, the crown jewel with a $27m market cap, closed at .45, down from $9.30 in 2010.

That is our leader and those are his qualifications.