Avid Bioservices Inc (CDMO)

[realist1]

Realist1's realistic take on recent weeks and realistic expectations for the coming months for stock symbol PPHM:

1. I believe the recent price stability over the last couple weeks is a result of stopping the ATM prior to the annual shareholder meeting. (Shareholders slightly above $1 are slightly less hostile than shareholders below $1.)

2. I believe that the ASM will as always be a "snore" that does nothing for the PPS. If there is any PR that pops the PPS, 100% of the pop will be lost in a few days.

3. I believe that shortly after the ASM the ATM will get back going and drop the share price back below $1.

4. I believe the ONLY price sustained up move can come from future phase 2/3 good results and that will not be happening for a very long time. What about a real deal? Not happening without phase 2/3 good results.

5. I believe that with the combination of the ATM going, tax loss selling, and the absence of news about good phase 2/3 results the stock has nowhere to go but down.

6. I believe the stock will drop to a low of between $.40 and $.70.
(that's 8 to 14 cents pre-reverse split for the long term faithful) in late 2015 to early 2016.