Avid Bioservices Inc (CDMO)

[dia76ca]

IFU....if you"... are less optimistic than before" that is where you and I differ. I am more optimistic than ever because each year we have seen advances in the understanding of the science and advances in pre-clinical and clinical activity.

The Fargo sabotage was a huge blow from which all shareholders suffered. But the way management recovered the results and achieved both FDA Phase III approval and Fast Track designation was very commendable.

The innovative series E debenture financing was also a good piece of work.

The rapid establishment of 136 SUNRISE trial sites in such a short time is also commendable.

And I am more than pleased to see Bavi/Yervoy in Phase 1 and "dozens" of collaborations underway.

I also look forward to the release of more information on breast, liver and first line NSCLC over the next several months.

I am not worried about day to day share price fluctuations. I am confident that the share price will be going up in 2015...and I personally will not be selling my shares until the share price is in double digits. That is how confident I am of PPHM's success.