Avid Bioservices Inc (CDMO)

[Protector]

RM, that is of course an average of PPHM share per investor.

I think PPHM shares are polarized in quite LARGE share holders and very small ones. Here is why:

I know at least 3 clusters in existence with an organized control of about 10 to 15 milj PPHM shares, all large holder. One specificly in the German zone of Europe, one other more general European that I know several holders from personally and at least one in the US (that may be known by several of the posters on here). All 3 have memebers reading this board and all 3 have tried to establish contact with me and 2 other posters on here.

Furthermore there is the Annual Meeting cluster, people that know each other and of which there are several that disclosed holdings of 250+K shares here on the board. I think North40000 invited them to join at the Annual and in the passed some dinners took place there too. That's when you find out that FTM doesn't look like the picture on his profile :)

There is another initiative, not to confound with the above Annual meeting people, that is continuously tracking PPHM shares. Invites for drinks and meet, in Boston and LA area's mainly are part of it. Public calls have been made on YMB to find out where PPHM shares are and if phone calls have been made by brokers. There may have been PAST irregularities in relation to the previous transfer agent. It is part of an hostile initiative and by digging deeper one could meet a few familiar figures. I keep it to that.


There was also cheynew's early poll that she started on this board LONG ago, and which had a quite some success. From those results and some later volontary updates on this board, (which will for sure not all be fake while some might be), there are several big, individual non-grouped, owners. That doesn't mean they all have 250+K shares, although some did and do. On the seasonal stocks board, here on IHub, claims of 1Milj PPHM shares ownership pre-split have been made too. That would still be big holders post split.


Finally there is also one HOSTILE cluster of shareholders. The hostility is MAINLY BoD/Management directed not perse PPHM as a company, nor the science. It is a smaller network and some branches of it are behind the Class Action against Steven King's remuneration although I am under the impression that not all their members know this. The cluster is also following this board. We may assume that the members of this cluster, in order to express such an interest and effort, are also grouping members with considerably more shares then the average retail share holder. I cannot undo myself from the impression that some of them carry a "PERSONAL" issue against some of the PPHM BoD/Management members and one person at IR.



I am sure that ALL the combined once above that I know of kind of control between 40 to 60 milj shares. With Zare's 50 milj shares in hands of Funds/II/Employees/Consultants/BoD members directly or indirectly/big investors such as K. Dart, that means that about,say 100milj shares, are quite well locked up AND in some way controllable.

So that means that a large group of retail shareholders cannot make the 26K average, which is the number you used as your divider.

I think there are many smaller (5, 10K) shareholders too and that lots of shares are hedged and/or in lending programs. Options and short positions must somewhere nail down the shares.