Avid Bioservices Inc (CDMO)

[Protector]

honestabe, I think (speculation) you'll have opportunities to get out of PPHM at 1.53$ before the end of the year if that is what you want.

I guess those 6 months will not make the difference after all these years but there is a FATSER way that could still give you your 1.53$ starting NOW.

Here is how it could work and if you wait TWO days (when the May option series expire) you'll have an even better opportunity when the DEC series are added.

You can get 15 cent per share if you sell an OCT 2015 @2 Call Option (Sell to Open). remember 1 PPHM option is for 100 PPHM shares, so 100x15 cent=15$ per option for 35000 shraes/100= 350 x 15$=5250$ in your pocket NOW.

-> If PPHM is BELOW 2$ on OCT 2015 expiration you keep the 5250$ and your shares. You now only need to sell the shares for 1.53-0.15=1.38$ cent.

-> If PPHM is at 2$ or above you get 2$ for your PPHM share (even if they are at 10$ at that time) and you keep the 15 cent, so 2.15$ comes your way 70K$ comes your way plus the 5250$ you already made which gives you 58 cent per share extra or about 20300$ bonus on what you wanted.

If in OCT the pps is so low that you cannot sell your PPHM's for 1.38$ you write another Call Option and reduce your price again.

Each time you put the cents in your pocket. The only thing you have to watch is that you always write call options at strike prices that when you add them to the premiums you have already collected it makes at least your wanted 1.53$. Since you have the 35K shares you are covered, in the worst case you get exercised but that is a GOOD thing because then you'll make more then the 1.53$ your are after.

If you want out this could get you your 1.53$ and EVERYBODY that wants out can do this PROVIDED you are willing to give up the shares at the chosen strike price EVEN if at THAT moment (we are talking OCT, that is 5 months from now) the price would be much higher. But at least you would lower your dependency on the PPHM PPS each time rather then having to stay in another 5 years to wait for 1.53$ (in your approach and bearish expectation).

In all other case it is waiting for a 1.53$ peak and to be sure you'd have to have GTC order pending at 1.53$ to make sure you have a HIGH PRIORITY ticket (with the OLDEST POSSIBLE DATE). First time we touch 1.53$ you'll be served and we CANNOT go to 1.54$ until your shares are ALL sold.

I hope it helps. I hate to see people locked up in a stock they want out off. So I hope the above is something that might work for you, if not don't do it.