Avid Bioservices Inc (CDMO)

[bidrite]

YOU (and with you undoubtedly several others) find yourselves in disagreement with SK, BoD/Management, PPHM story around partnerships/collaborations. That is your opinion and that is fine.

I am not in disagreement with SK at all. I just want him to follow through on the expectations he created in prepared, public remarks. Partnership in a year, and increase shareholder value NOW, not later. He set timing expectations and used specific language to entice investors. If PPHM wants to be considered as one of the big dogs we need to act like it.

possibility of becoming a dominant "COMBO-PLAYER" where by signing multiple partnerships/collaborations when the time is right

CP, the time is right now. What multiple partnerships are you talking about? How about we start with one and work up from there. We are running the ATM at $1.40 because we are at risk of going concern coming back! Also we have promising combo's that aren't in the clinic today b/c there is no money for it. Time is not our friend.

With the extension of Avid and even before the capacity doubling extension is operational (in JUL 2015) talk of even more expansion

I think events at Avid are bigger than we are giving them credit for. Expansion, Increase revenue guidance, and reliability award...something is cooking there. You're correct about the talk of more expansion. All the more reason why we need a higher PPS and/or funding help that is not dillution.

I can see that at this moment it is to soon to expect that because it requires some believe in this future vision which

What future vision? Those are your words, not SK's. The company has not officially stated they are changing vision. All they changed was the word Collaborator for Partner since partnering didn't happen. If I remember correctly, the word partner was on slide 28 as near-term catalyst to increase shareholder value. Now your telling us that vision has changed. And please don't tell me the COMBO strategy is new vision...we've been pursuing combo's all along.