Avid Bioservices Inc (CDMO)

[bigwup]

OBVIOUSLY KINGER IS A HUGE LIAR.
THERE SHOULD HAVE BEEN SOMETHING MEANINGFUL ON THE TABLE ALREADY.

Going it alone is what some investors think is in their best long term interest. This is an interesting point of view and is worth some discussion IMO.

However we inadvertently found out that there was a partnership close at hand prior to the Fargo CRO screw-up.

King has said that partnering interest has only increased with the growing interest in Bavi/immunotherapy combinations.

King has also said that a partnership should be expected this year.

Why would King say these things if they are not true?...it is simply not credible.

The obvious reason to raise the cash up front is to strengthen PPHM's bargaining position....BP's will pay more for a partnership with a company that has the option of going it alone!

I expect an attractive partnership....and I expect it BEFORE a lot of good news is announced...along the lines of what happened with THLD....but better....because the anti-PS franchise is extremely valuable.