Avid Bioservices Inc (CDMO)

[Jeff4iam4]

BCS, One of my only real problems with PPHM management was the heavy dilution of our shares at low prices. I understand it was necessary due to the sabotage to keep the company going and i accept that. I liked the preferred share offering as it was less dilutive than ATM, but does require dividend payments....meaning it better be a short term thing to stay a good thing. I would rather see more preferred than ATM at this point, but i think our asking price better be higher if we give voting rights. If Sunrise gets approval over the next 18 months i believe everything will work out great, but beyond that and we shareholders will likely see a much lower pay day than what we initially envisioned. BTW, i am a Fresno (actually Clovis) resident as well. Maybe someday we can meet and have a beer together, maybe play some golf ( if you don't mind a 100+ player....but i am athletic enough to better that score with practice).