Avid Bioservices Inc (CDMO)

[Frustrated]

By Request: Just so newbies actually know the facts as to what has happened in the past.

PPHM THE COMPANY THAT STATES IT HAS AN INDEPENDENT BOARD YET 75% OF THE COMPANY WHICH INCLUDES ERIC SCWARTZ, DAVID POHL AND CARLTON JOHNSON ALL SERVED ON THE PENNY STOCK COMPANY PTSC AND ALL HAVE TIES TO EACH OTHER.

PPHM THE COMPANY WHOSE CEO IN MARCH 2014 TALKED ABOUT A PARTNERSHIP COMING TO FRUITION IN UPCOMING YEAR. IT IS NOW January 04, 2015. CREDIBILITY IS AN ISUUE.

PPHM THE COMPANY WHO PLANNED TO PRESENT HCV DATA AT A MAJOR CONFERENCE IN 2012. NOW JANUARY 4, 2015.

PPHM THE COMPANY WHOSE CEO HOPED TO HAVE A COMMERCIAL PRODUCT BY MID JUNE 2012. NOW JANUARY 4, 2015.

PPHM THE COMPANY WHOSE CEO WANTED A PARTNER BEFORE PHASE III PROTOCOL FOR BAVI AND COTARA. NO PARTER AS OF January 4, 2015

PPHM THE COMPANY THAT ANNOUNCED IT HAD A SHANGHAI SUBSIDIARY. HASN'T BEEN HEARD FROM SINCE.

PPHM THE COMPANY WHOSE TOP EXECUTIVES, ZEISBALL, LYTLE AND SHAN TO NAME A FEW DO NOT PARTICIPATE IN THE COMPANY DISCOUNT STOCK PURCHASE PLAN EVEN THOUGH THEY MAY KNOW HOW VALUABLE THE COMAPNY IS.

PPHM THE COMPANY WHOSE COB CARLTON JOHNSON VOWED TO GET TO THE BOTTOM OF THE BOTCHED TRIAL. NOW JANUARY 4, 2015 WITH NO RESOLUTION.

PPHM THE COMPANY WHOSE CEO STATED IN 2009 THAT THEY WERE LOOKING FOR QUALIFIED CANDIDATES TO ADD TO THE BOARD IN RESPONSE TO CARLTON JOHNSON'S APPOINTMENT AS COB. AS OF JANUARY 04, 2015 NO ADDITIONS TO BOARD.

PPHM THE COMPANY THAT IS A 10 YEAR DOWNTREND WITH STOCK DOWN ROUGHLY 75% OVER THAT TIME AND MORE THAN 50% SINCE REVERSE SPLIT IN 2009.

ALSO PAST HISTORY COURTESY OF CORP:

All of the following took place under the current management team and, in my opinion, is why we are at where we are.

The $50 million dollar DIOS deal that was perpetrated on Wall Street by this crew, May, 2007.

ir.peregrineinc.com/releasedetail.cfm?ReleaseID=266038

The reverse split to stay Nasdaq compliant, October, 2009.

http://ir.peregrineinc.com/releasedetail.cfm?ReleaseID=416393

The Stason "deal", May 2010.

http://www.biospace.com/news_story.aspx?StoryID=178872

The 80%, one day drop in the pps due to "major discrepancies"

http://ir.peregrineinc.com/releasedetail.cfm?ReleaseID=708954

Outstanding shares on September 30, 2009, 45m. Outstanding shares current, 180m. Dilution by a factor of 4 and no end in sight.

Insider ownership, less than one percent.

Chairman of the Board of Directors.

http://ir.peregrineinc.com/directors.cfm

Most of these things are in the past but they all matter. It is how the company is judged. Putting out a pr about bird flu or ebola when they are hot to get a quick, temporary bump in the share price is not viewed in a positive light. Mentioning that you are in partnership talks for over ten years and not having anything to show for it is not good. Switching from King to Worsley in mentioning partners does nothing. King is likely too embarrassed to say it any more. Good for him.

Maybe this post should be a sticky that people can be referred to anytime somebody asks why another company is where it is at in relation to PPHM.

I realize that none of the above matters to many here, but it matters to Wall Street and institutional investors. It is why the pps is what it is and the institutional holdings are what they are. The pps means nothing to many here, that's fine. It does mean something to me. I am currently slightly under water on this stock and I would like to make some money on it. I guess 2017 is our year.

Also, this is the qualifications of our handpicked COB courtesy of Corp.

"The Board of Directors concluded that Mr. Johnson should serve as a director in light of the extensive public company finance experience that he has obtained through serving on the boards and audit committees of Patriot Scientific Corporation, CryoPort, Inc. and Ecotality, Inc."

Patriot Scientific closed Friday at .03.

Ecotality, currently in bankruptcy closed Friday at .001.

Cryport, the crown jewel with a $27m market cap, closed Friday at .45, down from $9.30 in 2010.

That is our leader and those are his qualifications.

Please feel free to add to the list as I am sure they are numerous things left out. ALL IMO.