Avid Bioservices Inc (CDMO)

[Protector]

That assessment is not correct.

A) There are only so many outstanding shares available
B) With PPHM 75% of those shares are with about 5K retail longs
C) No one single small cap biotech has all those other "hundreds or thousands" that stayed away either.
D) The II and fund in our 17% are not idiots either, big names, why are they invested in PPHM.
E) Why is Blackrock so much more invested in PPHM then in many other small cap biotech?
F) Don't forget we don't see K. Dart and possible other II/Fund grade investors that do not have to list.
G) And as for those not invested, the 2012 dose switching and the CA may have kept them and a new trigger (e.g. SUNRISE or so) may be needed to pull them back in.
H) The BoD has nothing to do with this. Bavituximab is why most are invested in PPHM and that pipeline is masterly run.
I) I agree that it is unlikely that some BP or family holds 100Mj PPHM shares stashed on island accounts, but it would be smart if they did and could.